Sardor
@sardorx
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It depends on the project model and the market. Bitcoin launched in 2009, ETH in 2015, SOL in 2020, they launched at a time when there was no competition in the market. These are different times, there is a lot of competition now.
In order for a new and little-known project to successfully enter the market and gather users, it needs to attract users with something, airdrops or rewards.
Look at the Jupiter, Optimism (Superchain), Sui ecosystem, despite they're already succesfull project they still often reward and airdrop their users. It's not only about gain, but also hold users.
And look at the Starknet, It's team treated their users badly during initial airdrop, called them "beggers" for their demand to increase airdrop. And since initial airdrop they haven't give ANY airdrops or rewards. And what happened as result?
Death project, death ecosystem, its token became like memecoin, no utility and need in the token, no users in the ecosystem. They raised 282 $ million funding, but the team was too greedy. 2 replies
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They own the teeth in their head now, finally.
Okay, is it funny, right? You’re Lex Fridman, you own the keys on your computer, the bad part is, of course, they can get hacked or something like that. Then you can deal with that with social recovery there's rates of securing keys, but the good part is data, uh you actually have property rights in the Hernando de Soto sense, you have something you own, ownership, digital ownership it's the cloud is great but crypto gives you some of the functionality of the cloud while also having some of the functionality offline world where you have the keys so it's a V3.
You know it's a continuous theme, right? The V1 was offline, I've got a key, I own it, I have de facto control. V2 is the cloud, someone else manages it for me, it's hosted, I get collaboration.
So, on V3 is the chain where you combine aspects of those rights you have the global state of the cloud, but you have the local permission and controlling of the private key. 0 reply
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Blockchain ensures digital property.
Why @balajis.eth is ultra-bullish on crypto
Balaji Srinivasan:
«With social media, we’re still in the kind of communist era of social media. Where whatever you earn on social media, like Google takes its cut, Twitter 100, you’re nothing for all your tweets or anything like that.
You might get a little revenue share on TikTok or YouTube, you can do okay, right?
But not only you earn either nothing or a little bit, you have no digital property rights, even more fundamentally. You are at the just whim of a giant corporation can hit a button and everything you work for over years gone.
Okay, that is even if that is quote the current state of events the State of Affairs, rather that is not the right balance of power to be able to unperson somebody at the touch of a key and take away everything in their digital world. 3 replies
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