kenny 🎩
@kenny
the number of coins these days is
2 replies
1 recast
35 reactions
drewcoffman
@drewcoffman.eth
disagree. higher.
2 replies
0 recast
6 reactions
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?
2 replies
0 recast
2 reactions
kenny 🎩
@kenny
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
1 reply
0 recast
1 reaction
Goldy
@goldytalks
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)
1 reply
0 recast
1 reaction
kenny 🎩
@kenny
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
1 reply
0 recast
1 reaction
Goldy
@goldytalks
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
2 replies
0 recast
1 reaction
kenny 🎩
@kenny
what if I told you that the incentive market is what you use to decentralize the resolution of the prediction market if the people who paid to make something happen in the real world pay out the money, there's your answer that the thing in the real world happened poidh confirmed someone ate a Chipotle burrito using a mini app today w/ $160 pooled between 10 people and fully decentralized onchain voting https://x.com/LeviTheGiant/status/1945900505328140650 lightweight, simple, and more flexible than UMA
0 reply
0 recast
0 reaction