basil (propagation arc) on Farcaster

basil (propagation arc) pfp

basil (propagation arc)

“hey basil, i made $100 on my post!” > no, not yet you didn’t. you still have to dump the token on the very people who bid up your work in the first place trying to “collect it.” “what? so they have to lose money in order for me to make any? couldn’t i just charge them $5 each? then they’d know what they’re getting & at what price? how much money can they lose?” > they will likely lose every single dollar invested if you pull out $100. “so what am i supposed to do? can i pull out $50?” > yeah, but it will likely cause anyone paying attention to pull out, causing the token to crash either way. “so my collectors are bound to lose money while savvy traders who don’t even care about my work make money?” > yes. “this doesn’t make any sense. my collectors are not dumb… they won’t bid on my next work if they know they’re going to lose money on it. and for what? a token? they don’t want that? they want the art in the post.” > welcome to crypto.

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Zinger pfp

tbf what your describing here is the content coin model (which I agree sucks). The collectible model that Farcaster launched yesterday fixes this. Although I still have my doubts about demand, it at least aligns the bidders with the creator.

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Apex777.eth pfp

remove the dev supply on creation, only give the creator ETH trading fees, not their token -- This is my fix for a model I don't love. They won't do this though, as the "earned" will go from 100$ to like 1$ on the UI.

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Purp🇵🇸 pfp

The cia going to get you for this one

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Pichi pfp

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0xFran 🫂 pfp

Say it louder for the people in the back

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Terry Bain pfp

i don't understand why or how the base team doesn't seem to see this they don't seem like extractors... but honestly i guess i should be paying closer attention to actions than vibes

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not_not_Duna 🍖 pfp

not_not_Duna 🍖

thats why nfts will return

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agusti pfp

I love you this is madness

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Garrett pfp

https://media.tenor.com/Wca1XLwqqCMAAAAC/lings

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Jahkay pfp

Game is game basil.hl

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anett.eth pfp

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Steve pfp

This is why projects need treasury *systems*. Leaving your project token in your wallet and waiting for it to pump to effectuate, even reasonably for project and life expenses, is not the correct way. Creating a project treasure producing gas/financial assets for you to take without disturbing your project token’s economy is the ideal thing to do.

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h pfp

thanks for playing

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Vinay Débrou ⚙️ pfp

Vinay Débrou ⚙️

@vinaydebrou.eth

gambling is bad. supertips & supporting your favorite people is good

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flick the dev 🎩📦 pfp

flick the dev 🎩📦

zora coins have some many dark patterns even if 0 people buy, you still end up with $0.50 of a token with 0 liquidity. the main base app wallet will add that to your "balance" so, every cast you make, your balance goes "up" but the engineer and product manager that aggregated that into a wallet balance should know better

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Codes🕸️3 pfp

mehn, i don’t even get

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tomu pfp

hello onchain friends

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antaur pfp

just noice it Tipping feels the most natural and copies human behaviour in the wild

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FLOOD pfp

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