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

I believe something like this will work eventually, and if it works it will be huge, however no attempt has yet solved the problem that the coins rise and crash too fast for the platform to become long-term dependable as THE platform for personal tokens. Until that is solved the people tokens trade as proxy platform tokens and are not actually effective ways to bet on people. No individual is going to raise their stock overnight. You need to be able to bet on someone becoming big over months and years and even a decade+. You can’t do that on any platform that hasn’t existed at least a year. And it won’t exist a year if everything rises and falls as fast as BitClout, friendtech, etc.

casted about this problem 6 months ago, and have been thinking about it for years

casted about this problem 6 months ago, and have been thinking about it for years https://farcaster.xyz/jake/0xa55ddb8e