John Palmer 💡
@john
Another problem I have with a social network where every post is a coin: it comes at the cost of authenticity. When every interaction / post is wrapped in speculation, it’s impossible to participate or even observe any of it with trust in people’s intentions. It’s like the small talk at a poker table. Even when it’s fun / chill, every comment or question, even if kind, may be part of a larger strategy to affect the game and take your money. Puts you on defense / removes an element of trust from the dialogue. There’s a time and place for that obviously but I don’t see it as a positive default for a social network, unless it’s a social network that is for gamblers.
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John Palmer 💡
@john
This is why the format matters / the medium is the message. If it’s meant to be tipping, just do tipping. If it’s meant to be collecting, make it collecting. But if the medium is DEX liquidity where every trade is inherently PVP, you have to justify / own that in my opinion. Right now my bet is that: - most users will not earn from their posts - most users who buy a coin for a post will lose money on it - after some time, demand to buy / collect will dry up, due to the above point I don’t think the past determines the future but this is how friendtech played out, and I don’t think the fundamentals have changed, even if the rhetoric has.
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flick the dev 🎩📦
@flick
no no no but jesse says it positive sum and don't look at one coin, it's a sea of coins. where is the money coming from? don't ask! won't people just sell using the big blue button the app puts at the very top? nah... they will understand DEX and DeFi liquidity and the flywheel effect and deploy a new contract that does something hand wavey something something creator economy tl dr; the justification is creating a 0-liquidity coin for each cast and add that to your base app wallet balance to make it look like that number is going up
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