matthew on Farcaster

matthew pfp

a bear thesis for creator coins is that crypto as a subculture and/or cb/zora as platforms have not done nearly enough to educate normie creators on why they should do one in a way that does not feel extractive or scammy. some questions that one might answer: - what do you do with your coin once created? - how do you safely exit without burning your audience (e.g. LPing) - how are they not extractive? how do you sell that to your audience? - what are examples of creators that have done this well? the decision to launch one is the function of one person asking themselves "are the vibes right" before they hit that button. and sans the above, my guess is that the vast majority of good creators will say no.

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matthew pfp

I say this as someone who logged onto zora last night and saw the CTA to launch a coin, thought about it for a second, and decided not to.

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matthew pfp

by contrast and for the same reasons, I think "app coins" or w/e you want to call them are much more interesting, both in the short term as a meta and long term as an investment thesis.

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matthew pfp

meant to quote this, oops https://farcaster.xyz/garrett/0x5dbf74a2

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Jesse Pollak pfp

@jesse.base.eth

isn't this a bull case? we are at day one and education is the bear case? we can build great products and educate people on how to use them. just like social media 1.0.

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Aaron Elijah Mars pfp

Aaron Elijah Mars

@aaronjmars.eth

i think the only question that matter is the last one we're so early that the rest is quite futile

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Oliver pfp

Have you explored the design space of the curator feeds ($pro) instead of direct creator coins? In this paradigm, creators continue to make content but a new market participate is formed (curator) that signals value that consumers can invest in that's addictive towards the creators

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Garrett pfp

Laying out potential ways on how creators could do this well would be helpful Everything is basically unproven but some direction and clarity from the base/zora teams would go a long way in helping creators understand what could work potentially and how it works I still don’t think they’ve done a good job of explaining creator earnings which is table stakes here imo

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jordanᵀᴺ pfp

@jordanisgreen.eth

@procoin curate FOW

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llbxdll pfp

Don't think normies are even that far along, most would simply want to to know HOW to offramp.

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Vinay Débrou ⚙️ pfp

Vinay Débrou ⚙️

@vinaydebrou.eth

https://x.com/brookejlacey/status/1947365092896739712?s=46

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Steve pfp

Normies aren’t in the marketing narratives yet, they’re still milking developer culture like a few grift the same way Discord milked early developers and their following on their platform for example.

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Catch0x22 pfp

it'd be great to see the industry as a whole make an effort towards this now is not the time to play aloof "normies" know big tech is bad. most barely understand why or that alternatives are trying

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Schmidtiest.eth 🎩 pfp

Schmidtiest.eth 🎩

@schmidtiest.eth

I sell sometimes zora tokens and O’hara tokens before I split the majority share of those tokens I create/d with the Myceliyou Leaderboard. I use fees from people buying Myceliyou to add to the LPs for the erc20s (mainly myceliyou though).

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