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Dan Romero

@dwr

A secondary problem: solve the norms for allowing the creator to sell. Today, if someone behind a crypto asset sells said asset, it's deemed to be "dumping" and a bearish signal. (People tend to ignore if number keeps going up.) In public markets, there are 1) planned sales (10b5-1) and 2) transparency around insider ownership (disclosed in quarterly financials). This doesn't exist in crypto yet (despite a few efforts). Consider two scenarios: a) Taylor Swift does a concert tour and generates $2B in ticket sales from her fans. That's a direct transfer of money from fans to the creator b) Taylor Swift does a concert tour and sells $2B worth of creator coin. Fans can attend the concert if they hold X amount of her creator coin. The increase in demand for the coin provides sufficient increased market cap / liquidity for the creator to realize value. In scenarios A and B, the creator realizes the same amount of value. But in scenario B, current norms make this feel bad, whereas scenario A is normal.
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