eli5
Explain Like I'm Five is the best forum and archive for layperson-friendly explanations. Don't Panic!
@patriciaxlee.eth
Not a criticism but a question. Why should anyone buy a creator coin? (In case it’s not visible from the Base app, I’m casting this into a channel called Explain Like I’m Five.)
I understand the logic of supporting a creator I like - something I do already through subscriptions and one-off purchases. I also understand the logic of coins allowing me access as a fan to special perks - something I can already get through NFTs.
Where I feel lost about creator coins as a potential buyer (and a potential creator) is the purpose of their tradability. How is it beneficial for a creator and/or a buyer if I trade their coin instead of giving them funds through the existing means I just mentioned? Basic question, I know, but I’m struggling to answer it.
I would find it helpful if someone talked through a hypothetical example with well-known creators. How could their growth have been different with a coin? In a world where Amelia Dimoldenberg or Tim Urban had creator coins from their early days, how might this have impacted their creator journeys?
I’m also curious what kind of work is involved for creators in managing their coin so that it delivers value (financial or otherwise) to buyers. There’s a stigma around coins for people who are not well-versed in crypto. How could creators launch coins in a way that provides assurance to wider audiences?
Again, this is not a criticism but a question. I would appreciate if the replies don’t turn into a dumping ground for complaints. I’m trying to understand the concept and feel like I’m missing it on a very basic level.
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@vinayvasanji.eth
I don't understand this reference
Can someone eli5?
https://x.com/parisrouz/status/1874935235567382819
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@jrf
@atlas can you summarize the replies to this quoted cast, and explain the concept to me like i'm 5?
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@quillingqualia.eth
ELI18 how does the new roc.camera from @faust actually works?
Why does the uninterruptible supply matter/why is it necessary.
Can this be incorporated in today's smartphones as an app (i doubt it but why?)
Will we see this tech being adopted by large mainstream manufacturers in the future?
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@quillingqualia.eth
ELI5 /faust and ROC.
Hard mode: Preferably in a single a single sentence.
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@spheron
When it comes to the Decentralised GPU Network, it takes a village.
That's why we rely on Fizz Nodes help to facilitate the deployment and distribution of compute resources!
Anyone can operate a Fizz Node, help maintain the Spheron network, and earn rewards in return 👇
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@spheron
"What is the Spheron Matchmaking Mechanism?"
We've made it super easy to understand! Take a look at our ELI5 showcasing what Matchmaking is, how it works, and why it matters.
For a deeper dive, check out our docs: https://docs.spheron.network/core-concepts#overview
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