@instance_11@xenoaesthetics you distilled it beautifully
there's an intentional feeling of separateness baked in to almost every digital touchpoint that we have these days, so i think treating this separateness as natural law is quite fitting
anyone running in default-mode feels this imo
dexscreener = default way ingrained in people’s brains to pull up a chart for a coin in a pinch, i use it often on mobile just because it’s not login gated and gets the job done to check pricing
terminal = much faster realtime charting and what you pull up if you are locked in and want to execute/track a pair quickly
because dexscreener still has that feeling of being a cozy “default” tool: covers every chain, isn’t gated, etc, it still behaves as a source of truth. this is what allows them to continue crushing charging $300 for what is essentially a banner / verified tick for coins
@apewoodx just read, an incredibly heartfelt yet logical piece that puts a stake in the ground for creativity amidst uncertainty
love wins… imagine that
reminded me of:
https://t.co/mvj2eDoena
every thesis for a token is ultimately a story
but as the issuance of tokens becomes more commonplace, the stories will inherently need to become more nuanced and differentiated for new tokens to stand out
dino coins / old memes are naturally differentiated because their history and established distribution is a large and irreplicable part of their story
i do feel that revenue / the ownership of something is one of the only stories that can effectively differentiate a token today (for more than a few hours/days)
tbf these edges are exactly what keep this model for raising / distribution remotely viable
if every ico on metadao ended up refunding everyone pro rata and opening at $2-3m, then every ico would feed into a reinforcing feedback loop of oversubscription
whales oversubscribe -> virtually all distribution goes to whales -> whales eat on market open bc the opening mc is reasonable -> other whales see this working -> repeat
this feedback loop is still relatively intact, and i do think eventually there needs to be some identity qualifier in the long run, but having some whales get a bit "burned" on subscribing with more of their funds than they expected will at least lower the ratio of funds allocated by some whales in the future
@santadotsol@n8levine we need to build a really great product
with mechanisms that make sense
good people should be able to raise money to build the things that they care about
if we achieve this mission, the narrative shifts