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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Adam
@adam-
With respect to the nuanced answers others have given, it's also important to be aware of the downside. As soon as something is on the free market, it's subjected to free market rules, meaning people can leverage your coin by front running it. I'm not saying thats a guaranteed outcome, but it is possible and has been done many, many times before. All this to say, it's best to devise a strategy to hedge against this reality. Some more context to educate you on how front running works. (A timely video to make if you feel so inclined) Keep up the excellent work Newt 😎 https://www.perplexity.ai/search/what-is-front-running-a-token-IpWxbqAuRdq3NmMg6VhN3w#0
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Newt Powers
@newtp
Hi adam, i really appreciate you sharing. I get the idea that people can sort of predict the pending transactions and buy early for coins, but how would that relate to me writing a post? Does this mean I shouldn’t tell anyone I’m about to post something? Just wondering from a security perspective. Great read
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Adam
@adam-
Doesn’t matter if you tell anyone. As soon as anything is tokenized it’s exposed to this potential outcome. The more popular and anticipated something is, the greater the chance of this happening. For this reason I’m more into limited NFTs, as people can still support and own a piece of content you created, but can’t apply the same tactics to drain its value. That’s not to say that option doesn’t have its own issues (things can still lose value based on the amount of holders and sellers), but it’s more controlled. What I would recommend experimenting with is this: Start a @hypersub, which is like an onchain patreon. Ask people who like your videos what they’d be willing to pay to support. Custom video request are popular offers I’ve seen other video creators do. People don’t just like what you make videos about, but they like how you do it, so that’s a fair offer. Just a suggestion, and by no means do you have to do that, but thought it would be helpful to think about
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