Dan Romero
@dwr.eth
The fundamental problem to solve for with personal tokens / creator coins / etc. is the psychological effect of a significant price decline. 1. Most people are not equipped to manage a liquid, global, 24/7 traded asset. 2. Current norms are that if someone buys an asset, they expect the person / team / organization behind that asset are incentivized long-term to make that asset more valuable. 3. When there's a significant price decline, many / most creators will be overwhelmed by the hole they now need to dig themselves out of. Layer on a bunch of angry, pseudonymous people screaming at them on the internet. 4. Additionally, what happens when you want to stop creating? Like Outdoor Boys recently did. Contrast to a publicly traded company where the founder retires—the value still continues to accrue. Possible ways to change this 1. Invent a new asset that's time bound. Closer to a prediction market or an option. "I'm speculating on X during period Y." 2. Change norms / culture -- this is super slow.
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Push
@push-
Loved the hot take, that also confirms money is the issue, or af least it’s fluctuations
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D-wayñe 🎩💜
@drrrner.eth
Always has in crypto that’s why you create “utility” or “value” cc degen
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Push
@push-
How I see this is that in crypto value is strictly correlated to bag pumpin. Token goes up: creator rocks, everyone happy Token goes down: creator’s a bitch, and you’re mad/sad Spoiler: creators has close to zero power of controlling fluctuations
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