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https://warpcast.com/~/channel/growth
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dawufi
@dawufi
number of successful web2 companies that needed an airdrop to boostrap their network: 0
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Drew Beechler
@drewbeechler
But there are a few parallels in my mind to web2 “airdrops” or airdrop-like mechanics: - PayPal, Coinbase, Robinhood, etc. free $$$ on signup or referral - Dropbox free storage/$$ on referrals - Grubhub subsidies: selling $10 burgers for $8 - Zynga’s gamified rewards, daily bonuses, & referrals
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dawufi
@dawufi
none of these are speculative, all airdrops are (even if they're not they are because narrative) completely obfuscates pmf and ooda loops dying on this hill
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Drew Beechler
@drewbeechler
Yeah, that’s my point. At the core, it’s subsidized engagement. It’s a different order of magnitude if it hits and has been gamified to extreme proportions, but from a base level, it’s paying someone to use your product, right? Granted, many of those examples may have had pmf already to a slight degree and weren’t seeding the initial network with it. But the underlying mechanic is not necessarily new. Lots of cold start problems of the past solved in similar underlying dynamics.
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Drew Beechler
@drewbeechler
To be clear - I think it’s a terrible ROI and completely screws up pmf. Totally agree. It’s subsidized engagement on steroids.
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dawufi
@dawufi
im arguing it's a different paradigm you're not subsidizing usage when you add speculation, you're simply attracting people who want to make money by dumping on each other this is wildly different than shifting user acquisition costs from marketing spend to going directly to the user i feel like you me and @ahn.eth should debate this somewhere now...
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Drew Beechler
@drewbeechler
Yeah, I can see that.
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