incentivizing things @ poidh.xyz - come chill /poidh + follow @poidhbot

genuine question:

what is your thesis behind infinite coins?

doesn't this just make the market incredibly diluted by coins launched on a whim that will inevitably grind to zero?

high stakes storytelling | ex @polymarket

sorry for not responding, busy day

i’m not positive i understand you but if the question is “should people be able to easily spin up prediction markets as coins” then yeah totally, that sounds awesome

interesting perspective, I def want to see more people putting things onchain

follow up:

if anyone could make a prediction market, with fee distribution (like a clanker/zora coin...)

would you feel similarly about "everyone make a ton of prediction markets" (using binary outcome tokens under the hood)?

i’m in favor of more coins for two reasons:
1) we need to reduce the mental weight of creating a coin
2) we need to reduce the level of speculation and fervor over coins

the current model where creating a coin ties you to that coin for life is bad, actually. there are absolutely some coins that deserve that amount of mental weight, audience and community support, but most do not

right now, all coins are treated the same. if a new creator creates a coin, they’ll be harassed by holders who expect them to pump it. that’s bad! 

it’s stopping people from experimenting and stopping the space from growing.

my thoughts:

the only answer is prediction markets.

 binary outcome tokens (with an expiration date) are the way

(not infinite lowcap shitters that have no ties to the real world)

cuz most charts will look like this (if they're lucky lmao)

prediction markets are nice but imo they're something that's only thriving w/ crypto because of the regulatory arbitrage involved

from everything I've seen Polymarket's whole UMA system isn't really that decentralized and has flaws, so the market resolution system at the core could be better done by a centralized competitor (if the regulatory arbitrage edge goes away)

incentivization markets much more interesting to me because you can do them in a fully decentralized manner and they're only possible with crypto

https://farcaster.xyz/kenny/0xbc87f701

best I can understand from conversations with Jesse is the logic goes that, over the last two years, we've discovered that tokens are the PREMIER product in crypto

and, therefore, we need to strap this battle-tested product to everything possible because that's the best thing we can offer

I disagree and think this is taking lessons from two years of memecoins being dominant a bit too far