horsefacts
@horsefacts.eth
off the dome, one Coin per creator seems better than one Coin per content. (each content could be priced in terms of CreatorCoin). except for the fact that this is less like a memecoin and more like a s*curity, why is this a worse model?
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Cameron Armstrong
@cameron
I’ve done so many hours of user research here and fundamentally almost every serious creator doesn’t want to: 1. Have their body of work (and career) tied to an extremely fickle, arbitrary number 2. Lose their sense of self worth in the aggressive financialization of their every move 3. Scam their true fans (even accidentally) For the vast majority artists and makers, launching a coin is ALWAYS serious bc it’s tied to their reputation (which is basically all they have bc they have no money) and most of their fans aren’t degenerate gamblers so they cannot and will not understand why number go up and down so much and so fast. Number can’t go up rationally without being tied to a stream of cash flows. That is fundamentally a security. Everything else is the fever dream playland of (who I affectionately call) the mentally ill.
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eric.base.eth 🟦
@ericbrown.eth
This makes a lot of sense. I feel that there’s a struggle here between the target market for this new mechanism. I totally understand why professional creators don’t want to have a coin ad preferred the nft model. It’s isomorphic to traditional selling of artwork and has less risk of being associated with all the bad parts of meme coins. At the same time, a shit poster or meme curator on instagram would likely be unbothered and even excited about this new paradigm because it gives them a chance to monetize work they’ve never previously been able to monetize I think the space needs both. A place for artists and professional creators to sell 1 of 1s if that’s their preference. And continued exploration of how social evolves onchain. Ack that Zora was home to a lot of professional creators and that’s part of why there’s been a lot of whiplash in the transition. Curious your thoughts.
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Cameron Armstrong
@cameron
I pretty much agree with all of what you said. It’s telling though how all the big YouTubers flirted with crypto over the past few years until their audiences got too critical for the creator to continue to take it on the chin. They WANT a new model for making money on the internet, but with something so new you really only get a handful of failed attempts before your fans stop giving you the benefit of the doubt. Combine that event cycle with the baseline bad pr of crypto bros, how crypto has become right coded in general, AND the basically impossible task for outsiders of separating literal scams from something potentially useful and we’re left with a pretty tough nut to crack. IMO we’re multiple years away from truly getting another clean shot at bringing a version of crypto to normal people I think we’d have a pretty good swing if we replicate the existing stack w better margins for creators (crypto Patreon etc) that people don’t know is crypto but reasonable people hate that approach
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