This is what happens when we repackage bonding curves ponzis into social dapps: First order effect - onboarding and on chain activity 😎 Second order effect - victim of own success, now there be too much content coining and no liq for it 😬 Third order effect - even experimentors are wondering wtf is going on and begin questioning the entire legitimacy of crypto 💀
Brooke Lacey
Brooke Lacey22.7. klo 02.36
UPDATE: just to be clear I have no paid partnership with @baseapp so here’s my honest take: Yes, I “made” $65 yesterday from posting my video. But I didn’t get paid like a creator- I cashed out the token At its peak, my wallet balance was around $185… but people started dumping, and I was only able to grab $65 before the pool drained. So how is that supporting me? They weren’t tipping me. They were flipping a coin with my name on it. (I realize I got micro payments from transaction fees but it was minimal) And I had to dump on them to get paid. 😬 Also unless I’m totally misunderstanding this - every new post mints a new coin. >>>>Which means if I want to earn again, I have to do the same thing again… Dump that coin. >Then the next one. >Then the next. So now I’m sitting here wondering: >Am I launching a new micro shitcoin every time I post? >Am I supposed to manage each of those little markets? Because that doesn’t sound like creator monetization. That sounds like an stress-inducing token treadmill. @jessepollak is that how this is meant to work?
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