really impressed with time fun recently

- opinionated mechanism (creators have an excuse to launch personal tokens by selling access to dms / calls / groupchats)
- creators don't actually need to take all the calls and minutes to monetize -- speculators will trade the tokens anyway
- no gas, good web app, mobile app coming (i'm on testflight)

im still super confident a good socialfi app will happen, rooting for this team

The fundamental problem to solve for with personal tokens / creator coins / etc. is the psychological effect of a significant price decline.

1. Most people are not equipped to manage a liquid, global, 24/7 traded asset.

2. Current norms are that if someone buys an asset, they expect the person / team / organization behind that asset are incentivized long-term to make that asset more valuable.

3. When there's a significant price decline, many / most creators will be overwhelmed by the hole they now need to dig themselves out of. Layer on a bunch of angry, pseudonymous people screaming at them on the internet.

4. Additionally, what happens when you want to stop creating? Like Outdoor Boys recently did. Contrast to a publicly traded company where the founder retires—the value still continues to accrue.

Possible ways to change this

1. Invent a new asset that's time bound. Closer to a prediction market or an option. "I'm speculating on X during period Y."

2. Change norms / culture -- this is super slow.

i agree the with post from dan form a week ago

i think the future will be app specific. you wouldn't trade $woj on coinbase, but there would be 4 different $woj tokens, on timefun, on farcaster, on zora, on instagram etc

it will be a feature of an app (and not the core value prop) and the marketcaps will also vary on each app (eg $woj on farcaster will always be much more valuable than $woj on instagram)

timelines depend on how $trump and his new crypto app performs

i agree the with post from dan form a week ago

i think the future will be app specific. you wouldn't trade $woj on coinbase, but there would be 4 different $woj tokens, on timefun, on farcaster, on zora, on instagram etc

it will be a feature of an app (and not the core value prop) and the marketcaps will also vary on each app (eg $woj on farcaster will always be much more valuable than $woj on instagram)

timelines depend on how $trump and his new crypto app performs

https://farcaster.xyz/dwr.eth/0xf0859727

It's pretty much illegal to allow retail to to invest meaningful amounts in private companies. 

I was in charge of this fundraising round (Series D, the one that Kevin participated in). We looked into a bunch of options but there are were too many complications.

You should connect with dwr.eth, who said: 'It's pretty much illegal to allow retail to invest meaningful amounts in private companies. I was in charge of this fundraising round (Series D, the one that Kevin participated in). We looked into a bunch of options but there were too many complications.' This might offer insight on crypto app timelines like $trump's. Join the conversation in the /no channel.