kenny 🎩
@kenny
the number of coins these days is
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drewcoffman
@drewcoffman.eth
disagree. higher.
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Goldy
@goldytalks
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?
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drewcoffman
@drewcoffman.eth
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.
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Goldy
@goldytalks
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)?
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drewcoffman
@drewcoffman.eth
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
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