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JAKE
@jake
the main risk for zora is the values going up too much too fast because then when they fall to a reasonable value, that fall is too steep to come back from, which was part of the problem for bitclout and friendtech yes BTC made some massive comebacks from seeming dead in the early days, and we all saw solana come back from a 96% crash from last cycle's high, but the larger the fall, the less likely the comeback, all else equal farcaster has avoided a big rise and fall in attention because there's no token, they've focused on a slow and deliberate growth strategy, and they're not doing things like creator coins, but growth seems to be getting harder as the lowest hanging fruit are here and so maybe they'll change that strategy, don't know there is no silver bullet here, and neither is right or wrong, just different i hope both zora and farcaster are extremely successful in the long run
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CRYPTOforCHANGE ↑ pfp
CRYPTOforCHANGE ↑
@cryptoforchange
Yea this is where it will take a creator who actually cares about their art/community to actually recover and continue higher. Speculation will only get you so far
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JAKE pfp
JAKE
@jake
i actually have a different perspective here the platform is upstream of all creators no creator could have done well on friendtech or bitclout, in the end the platform needs to survive in order for it to become somewhere where you can actually bet on people for now, every bet on a creator coin on zora is first and foremost a bet on zora secondarily it's a bet that the person is undervalued in the immediate term (i.e. you're relatively early) but it can only be a sensible way to bet on people long-term if and when the platform's existence above a certain level of success, in it's given form, becomes an assumption more than a possibility, similar to a base or better yet ethereum, key ingredient is time and there's no way to speed that up
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