@alvinhsia I'm not saying you should necessarily turn to VC. Private investors are perfectly capable of doing so, but they need a dedicated incentive mechanism for liquidity locks with certain visible guarantees, not just points that are difficult to assess immediately.
@alvinhsia I appreciate that you're addressing the community's questions and concerns, but have you considered developing more sustainable mechanisms for raising long-term capital?
@SplitCapital huge "broke the current L1 model"
w glaze, but when you have ~1 mil incentives every day I think even cardano reach plasma tvl
everything seems qualitative until it stops paying u
I'll just be the guy that says it because no one else will.
Airdrops in today's format exist because no one gives a crap about new projects coming out because they are largely all the same repackaged product that we've all seen before.
Even if the technology on the back end is unique or different, the front end UX is the same.
You connect your wallet, bridge in, click buttons and sign smart contracts. You can make swaps and do some perps, or DeFi etc.
And that's cool but it's 2025, this UX isn't exactly new, I've been doing that type of stuff for 7 years.
Berachain is perfectly fine, I've used it for some DeFi, but there's nothing new. It all feels the same as being on any other ETH L2 or any L1 like Sonic or Avalanche:
A lending market is still a lending market
An NFT marketplace is still an NFT marketplace
An AMM is still, you get the idea
It's a simple but unfortunate truth - at this stage of the market in crypto, if you want people to care or take notice of your chain, you need to pay them to care. Otherwise people will just carry on using the same stuff they've always used.
Now, if I'm going to go one step further with upsetting people, I could even posit that many founders already know that what I have said is true but they also know that it's the only way to massively enrich themselves...
Perhaps they know the market doesn't care about their product, so they have to bribe people - which gets them on-side, so they can launch at an over inflated valuation and make some great $ whilst selling team unlocks.
The usual story is 'hey we need to get paid as well' and they are absolutely correct in this, but totally incorrect in how much their compensation should be lol
Crypto is still one of the best places in the world to get totally unreasonably outsized returns for work completed compared to IRL.
I see no reason why founders need to get cute about this stuff. Like, we all know what's going on, you make a thing, generate hype, TGE, give some scraps to users, get obscenely rich - then most people disappear or do the bare minimum. Then a few years later you see them on another project again.
IMO my thoughts above are correct and the reason I believe so is bc Hyperliquid proves it.
They actually built something that didn't exist before: a non-KYC, kinda decentralised (not rly) perps platform that's very fast and efficient.
It has PMF, it gave an insane airdrop and the price was uponly ever since; thry even built a community - and you know why? Because they built stuff that people wanted that didn't exist before.
Oh and they use revenue to buy back absolutely loads of their own tokens. Imagine that, teams that actually back their own product enough to buy it rather than just constantly selling unvested tokens on unwitting retail.
The inconvenient truth is you have to pay people to care about your product and if you do you can build a semblance of legitimacy to make yourself rich.
If you don't pay, people won't care. If people don't care, you can't pay yourself.
Don't get cute about it.
If your A level results are disappointing, don’t worry. I got a C and two Us and here I am today, installing lights for a helicopter landing pad in my garden.
It looks like this year’s harvest will be catastrophic. That should be a worry for anyone who eats food. If a disaster on this scale had befallen any other industry, there would be a lot of wailing and gnashing of teeth.
@BaleaBTC@patfscott Idk in what part of Eastern Europe do you live, but if you once saw old tractor with chemicals in your village this doesn't mean you can generalize your assumptions about all region.