JAKE pfp
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
17 replies
6 recasts
81 reactions

Ethereum Daily 🗞️ pfp
Ethereum Daily 🗞️
@ethereumdaily.eth
Completely agree. if creators start dumping their coins to cash in it’ll be another bad game of musical chairs. Fingers crossed that’s not the case but seems like that’s always how these shake out unfortunately. I’ve said it for a while now but imo the one way to differentiate Zora creator coins from anything else before it is some type of binding agreement that all value accrued by the creator will flow through the token to holders.
0 reply
0 recast
0 reaction