ted (not lasso) on Farcaster

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https://warpcast.com/~/channel/consumercrypto

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ted (not lasso) pfp

ted (not lasso)

can someone (for the sake of a thought experiment) steel man the argument for why this move is net positive for consumers? imo easier to argue why it is good for $mother and iggy and bad for consumers so let’s challenge ourselves intellectually $25 USDC for best answer @bountybot

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sean pfp

if the business is going to accept it for future purchases as well, tokens can provide some key features: - discounts / exclusive access (good for consumers / fans) - pre-purchase revenue (good for the business) - interoperability with existing DeFi (immediate features the business doesn't need to build itself) airline points and kickstarter deposits are analogous in different ways. another cool feature of tokens as payment for specific products and services is that it allows more complex hedging. for example, a business that has a large contract with the festival could take a short position on the token so that if the festival is cancelled and they don't get the business they expected, they still gain on the (likely) decrease in value of the token.

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𒂭_𒂭 pfp

while the token is largely a speculative bellwether of Iggy's fanbase in the broader attention market it's also the experimental bellwether in a similar spirit to the "Bowie Bond" where the artist works the business as well as the raw form (as Warhol would admire). mechanically, accepting $mother back could be a starting point for a deflationary burn, which is fair game in tokenomics. culturally, this is also a possible meeting of two scenes; younger fans of pumpdotfun-esque games, as well as older supporters of the music & performance. this experiment is context-dependent and it may yield different results for any given artist. in both scenes, there may be a common thread leading to some untapped genre that feeds back to onchain media creation. also, any chance to get rid of the Ticketmaster gouging is worthwhile on that alone. (this is a steelman, I'm not interested in "yet another fungible artist token", coulda just been onchain tracks/videos in a zora collection)

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bradq pfp

Most of the people going think crypto is a scam or useless. Now a figure head of a music festival is showing (100K??) that not only is crypto real and useable (ticket payment) but also provides a discount. And a popular artist is putting their stamp on it. So, now the consumer saves 20% and more importantly is intro'd to real use case of crypto and won't be passed by when crypto becomes more popular. What was your first experience w/ crypto? I remember a few years ago I thought it was a scam and then I bought a ticket to breakaway fest...and then another concert later, etc. 🫡

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links 🏴 pfp

Assuming it’s well-integrated, payments should be seamless and no fussing with a wallet - easy 20% discount - cheaper Artists have stake in currency = support your fav artists with your everyday spending?

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kia pfp

recommend listening to this. i was impressed with her tbf. https://www.youtube.com/watch?v=nqog8z1W8dE

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agathetaboo pfp

@agathedavray.eth

It’s like a loyalty card

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flick the dev 🎩📦 pfp

flick the dev 🎩📦

I am a consumer and I have some $MOTHER so therefore positive

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Liang @ degencast.wtf 🎩 pfp

Liang @ degencast.wtf 🎩

I honestly cannot do it... MOTHER is a scam... so I asked ChatGPT

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D. Mattrenggana pfp

D. Mattrenggana

Please complete ur previous bounty ted 😅😁

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0xdiablo pfp

Integrating $MOTHER as the official crypto payment at Breakaway Fest could benefit consumers by offering them a 20% discount on tickets and VIP passes, providing immediate cost savings. It also allows festival-goers to participate in exclusive community experiences tied to the token, such as potential access to special events or merchandise. For international attendees, crypto payments could streamline transactions by avoiding exchange fees and delays. Additionally, consumers who adopt $MOTHER early might see their tokens appreciate in value, effectively turning their festival purchases into a long-term investment. This integration helps onboard more users into the crypto space, making it a forward-thinking, potentially lucrative move for consumers.

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gatedude.eth pfp

Hey, I wrote a Thread on X explaining everything about why integrating $mother as a payment method could be good for $mother and bad for consumers. Please check it out... https://x.com/0xgdude/status/1836188763464012108?t=7y679KYnS9rBqwxB_p3dMw&s=19

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Philip Decker pfp

twen…twen…20% discount?

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Donh 🎩 Ⓜ️ pfp

Donh 🎩 Ⓜ️

adoption, adoption, adoption, period... my 8th year in crypto and we still not there yet...............still fringe

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⋆♱ 9̷0̷†մղ ♱⋆ pfp

⋆♱ 9̷0̷†մղ ♱⋆

While i doubt you’d see this, i’ll give straightforward realistic arguments. - Consumers benefit from a 20% discount on tickets and VIP passes by using $MOTHER, which provides immediate savings. - It can also help avoid traditional banking fees, especially for international buyers. If someone uses traditional payment methods (credit cards, bank transfers), they might incur fees—especially if they’re buying tickets internationally. Cryptocurrencies like $MOTHER can bypass those fees. So, if the consumer is already familiar with crypto or interested in using it, it provides a cost-saving alternative for making festival purchases without hidden banking charges. - Fans may gain access to future perks and exclusive experiences tied to the token, while tech-savvy users can enjoy the ease of crypto payments. (Iggy Azalea is of course a celebrity so the first is probably guaranteed) - For those interested in crypto, there's also a potential investment angle if $MOTHER increases in value. ✅

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L3MBDA pfp

secretly enjoying this more than they realize

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⋆♱ 9̷0̷†մղ ♱⋆ pfp

⋆♱ 9̷0̷†մղ ♱⋆

you’re definitely not going to be able to have a read at everything everyone would post😖

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Tmophoto pfp

It gets people to look at and use crypto when they otherwise would never have used it.

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