Newt Powers
@newtp
today is a great day to post and get paid It’s *also* a great day to explain to me how a post’s market cap works. @jabo5779 graciously explained to me that you can buy and trade the post’s coin, but why does the market cap change? What determines it? Tysm.
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Jesse Pollak
@jesse.base.eth
as more people buy your post, MC goes up. as they sell, it goes down. you earn 1% on all the volume. you can think about it like a market for the attention the post is getting! this isn't that different from how centralized social media works today - except for they are doing all the valuing in private then monetizing with ads. by moving the valuing to the free market, we make it open and can redirect the monetization to you.
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Nanahh
@nanah
could i get an invite code for the base app please?
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Jabo5779
@jabo5779
I think it's live now to everyone. No more invite code needed, I believe.
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