cryptoart-school

gift-economics

Couldn't agree more with Stella here.

Who cares if the LP is auto funded with a single side of the LP? That means all the money your followers invest in you goes into a pool that you can never access unless you dump on your followers. 

You only earn trading fees? Who is "trading" these tokens? Ppl trying to extract the value that your followers have invested in you, that's who. 

Think about it: 

- if someone believes in you they will buy and never sell. Barely any fees to the creator then. 

- if someone wants to trade they are going to try to buy low and sell high so they can extract value out of the LP, because that's what traders do. 

- so now you have ppl that want to support you dumping money into an LP so that traders can extract it. But the creator doesn't care that their followers are just dumping money into extractors bags because they are earning trading fees

- so now creators learn that if they create drama that pumps and dumps their bags on a regular basis they will earn more trading fees, regardless of whether their true followers are actually getting the content that they originally loved from you

- the game for creators becomes "how to build the best honey pots" instead of creating the best content. Because it's the only way they can get paid.

Nothing about this empowers positive creativity. It's all just games to trick ppl into paying more tx fees.

"Nothing about this empowers positive creativity" pretty much sums it up. 

I'm waiting for this nonsense contentcoin phase to exhaust itself. 

Creators are mostly already burned so hopefully we will all just ignore this and it will fizz out faster.