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

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

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)

I'm thinking we should start framing poidh as "incentivization markets" instead of "bounties"

it's a great way to view what we do, especially considering the success of Polymarket

having markets to predict whether future events will happen just makes sense

following that logic, we should also have markets pricing how much people WANT a specific future event to happen

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

I would consider “incentive markets” a form of prediction markets 

(binary outcome markets) ie “will I eat a jalapeño on a livestream tonight”

resolution is clearly a pain point for prediction markets, but once someone figures that out…

it’s gonna be silly to think people were spending millions pushing content coins

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