Samuel ツ
@samuellhuber.eth
What if the incentive is a need for the product? Like really. Why incentivize people to use your product when you can just have it be so good they naturally do? hearing lots of adding quests and money for people to do xyz. Can't we just build good web3 products?
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Rch
@rch
most people in crypto are here to make money. incentive is a short term tactic to get attention and retention until you have figured out a sustainable way to make money for your users. iterating on a product is easy when you have bunch of people trying it consistently. in some ways, it isn't that different from web2. we have had ecommerce price wars, ride hailing subsidies, ridiculous discounts in food ordering and more. The problem is incentives make the PMF signal noisy. Is your product actually working or is it because someone who holds your token wants it to goes up and it is fine as long as the product works just well enough to keep the narrative going. It makes the truth hard to see.
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Samuel ツ
@samuellhuber.eth
the heavy subsidies for services is an interesting one. It behaves similarly and is used specifically for market penetration and growth. Is there a good example of such working in Crypto? Where the business e.g. Uber stayed around after?
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Rch
@rch
It’s still a young industry. But for example you still have Aave and UNI around.
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