@proxystudio

amazing to see this, and feels like a very significant acknowledgement of the importance of traders, and a move in their direction. a story mb only interesting to me but fuck it.... when jesse first announced the content coin pivot I was openly super skepitical and our back and forths on X & FC about these subjects led to our first one on one call (a call I remember fondly, highly recommend having one if the opportunity arises) at the core of our disagreement was the tension between who matters more in the asset origination game: the creators who produce the assets, or the traders who bid them & dump them later. my central thesis was that the "coin everything" tokenization of social media content meta was doomed to fail because it strayed too far out of alignment with trader incentives & motivations. traders need upside to trade, and fandom or supporting a creator isn't enough to sustain an economy bounded so tight by the # of people & the amount of $ circulating in it at the moment. I think i was right, but I was also thinking so practically, being a bit scared somehow of our collective failure to grow. I think Jesse was wrong in someway, but he was right too - right to seek an infinite game, right that human creativity lies at the core of such a game, and right to believe whole heartedly that what we work on cannot follow the paths of the past decade, and must carve new routes into the unknown. base *has to* grow beyond "the meta." the eco has to grow towards encompassing metas in their plurality. the path forward, imo, lies @ some intersection of the ideas we represented back then. A broke founder obsessed with the success of one or two coins, unwilling to look behind that material and difficult goal...and the celebrated, experienced eco lead so focused on a meta-vision that could move us all forward together they were imagining a world that we didn't rly exist in yet. small & practical, expansive & forward looking. yin & yang. imo focusing on aligning these poles requires focusing and diving deep on trading, on making base app the trading hub. these traders will fuel the creativity & growth of thousands of products, coins, artists, creators, makers. whoever and whatever comes next. i know we've said it a lot but it really continues to be day one, our day to win, our day to move closer to the goal

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