kickflips

let’s go WAYUP

[kickflips @elcapitankick]

Two solid reasons to collect Funplastics:

1) 10,000 digital collectibles with good digital/web3 provenance (see @zigor )

-or-

2) 2,000 5-packs with steady utility (see @wayupio )

Which does it for you?

[kickflips @elcapitankick]

@iamlaurael Have you minted any of these as NFTs? If so, is there a policy id or collection name?

[kickflips @elcapitankick]

Hahaha. Love this one. I’ve been there so many times😂

[Laura El @iamlaurael]

Big City Dreams 2023

[kickflips @elcapitankick]

@Dudewhyme Wow. I remember charlz - still have 400 million

But I didn’t know that was taptools. 😅

[kickflips @elcapitankick]

got $break ?

[Charles Hoskinson @IOHK_Charles]

I'm taking a break. TTYL

[kickflips @elcapitankick]

@FourFiveJeff @IOHK_Charles @spacebudznft I agree.
It would be more fun than a barrel of monkeys.

[kickflips @elcapitankick]

@FourFiveJeff @IOHK_Charles @spacebudznft Yes

[kickflips @elcapitankick]

@D3vryn Agreed.
Shifting to “glass-half-full” mentality would be ideal

let’s go wayup - it’s a marketplace yes. But the name well describes the ideal posture we need towards the ecosystem imho

[kickflips @elcapitankick]

Well well well
Scored today on @snekdotfun

[kickflips @elcapitankick]

Does this still work for people? LOL.

[kickflips @elcapitankick]

One of the things I appreciate about Cash and Anvil … they have worked hard to be fiscally responsible while building Wayup.

Slow growth may be boring but it is sustainable.

[$cash @CashAnvil]

The truth hurts sometimes...

Reality is teams/projects in blockchain, not just Cardano, weren't forced to run lean enough.

ICOs, Early Raises, and Grants caused companies to scale irresponsibly, miss-manage capital, and have no path towards sustainable revenue.

Not pointing my fingers at anyone specifically but it's a clear issue I have seen across many companies, and blockchains.

I'm not saying I am some kind of business guru or prophet but I am saying that I have lived the reality of what businesses are facing for over 2 years now. We had to make cuts, sacrifice salaries, rebalance infrastructure, and most importantly, hunt our own food. We survived because we made hard decisions and built real revenue off of services and tools.

Outside of blockchain, you constantly hear stories about the entrepreneur who sacrifices everything for their dream. I mean, just go watch an episode of Shark Tank. I tried to embody this to give our team the chance to scale and grow. Gave up my salary, my co founder did as well. We only spent money the last 3 years outside of payroll on RareEvo. I'm no hero for that, I just figured that was the reality of running a business and everyone else in the space was dealing with similar. Boy was I wrong lol. Not saying you have to necessarily struggle to know success, but hitting rock bottom and having to really grind it out changes the way you operate.

You won't see me committing to doing a thousand new features for Wayup. It's not realistic in this market with the revenue that the platform produces. We ran Wayup at a net loss of $1800 a month for almost 2 years to get here. Business requires balance and thankfully the work we were doing at Anvil helped us keep it alive for so long. When the revenue allows for us to hire a part/full time dev, the features will start shipping. Want the features faster? Fundraise it. That's what real business do, but they typically start with a revenue producing vehicle.

Maybe this is the exodus we are currently seeing in our space. Maybe I'm wrong. Without knowing companies full financials, I can only imagine this to be why. And honestly, I can't blame someone for wanting to build and have a salary. If you want talent, eventually it has to have opportunity. That's what made Cardano so great, the idea of opportunity, and the reality of it. The sinking reality is that opportunity is leaving and being found elsewhere.

There's one thing I know for sure. Cardano itself should be focused on revenue. Everyone, and the treasury itself, should be working towards more than transactional volume to the treasury, this is how we win. Loans, Rev-shares, direct shares, any means necessary we need to start treating Cardano as a whole as a business.

Charles gave me a great idea earlier in an X space. If the research budget is $5mil in the hole, and we have the best researchers in blockchain, why don't we take advantage of that and start doing research for other chains? Call me crazy but seems like an actual opportunity because I do believe we have great researches and I do not want to see them leave. Cardano treasury could fund the Cardano based research, and subsidize pricing to be competitive to other chains. Then there could be a potential rev share opportunity to rebalance the treasury.

These are the type of initiatives I think people would really rally behind and make Cardano more valuable. It would set a really good public image that people are willing to work with Cardano and actually do respect our research driven approach.

Regardless of what happens, if we don't start leaning out the end result will be inevitable. I look forward to the responses here and have enjoyed the course of many conversations over the past few days.

Call me a shill, call me whatever you want but if you agree with me delegate. I'm making it a point to get more delegation and push my vision of Cardano.

drep1ygeyfh8nm03dnl5a2hxdtv09pu7uhep9l0cpg0zpr60jqys05cku2

[kickflips @elcapitankick]

@CashAnvil TLDR in poem form:

[kickflips @elcapitankick]

@HiiiPowerRevo @TapTools His response was poor and disappointing. And unless he has all the details, it wasn’t fair for him to start blaming others.

Many, including Charles, are responding emotionally. The point of my post is judging without accurate info will just cause more damage.

[kickflips @elcapitankick]

Burning questions:
1) Why did @TapTools COO and CTO leave?

2) Why did the new CTO leave?

So many posts are torching Cardano, governance, Charles and so on. But we don’t even know what happened internally or technically.

[kickflips @elcapitankick]

@Rizzabeast @TapTools Never indicated I was expecting anything more out of them. The point is that there was obvious turbulence within the team and there are not enough details to start casting blame on anyone. Rushing to judgement without information is a fools errand.

[kickflips @elcapitankick]

This tbh

[Cheeky Crypto @CheekyCrypto]

The Elephant in the Room: Are We Funding Innovation or Outsized Web2 Salaries?

I keep seeing the same narrative popping up across the timeline: “We need more funding for Cardano projects,” “Why isn’t the ecosystem supporting its builders?” or “We need to rally together to save [Project X] from financial issues.”

But while everyone is jumping to look for solutions on how to deploy more capital, almost no one is asking the foundational, hard questions about fiscal responsibility and operational runway.

Let’s be real for a second. When we look beneath the hood of some of these struggling projects, we have to ask: Are these genuine Web3 innovators or are they just failed Web2 founders looking for a decentralized safety net to fund obscene corporate salaries?

Starting a company in any industry, but especially in crypto requires a lean, gritty mentality. It means keeping overhead low, managing cash flow like your life depends on it and prioritizing product delivery over massive personal payouts. Instead, we’re seeing early stage startups overspending from day one, paying executive and staff salaries that would make established, revenue generating companies blush.

A few realities we need to start addressing as a community:

VC Rules Still Apply: Just because funding comes from a treasury, a catalyst fund or a community raise doesn't mean it’s "free money." It needs to be managed with the same strict discipline a traditional venture capitalist would demand.

Proof of Value Before Proof of Payout: If a project is burning through hundreds of thousands of dollars before delivering a working product or achieving any semblance of product-market fit, the issue isn't a lack of community support, it’s bad management.

The Startup Ethos: Early stage building is about sacrifice and alignment. If founders aren't willing to tie their compensation to milestones, revenue, or long term growth, their incentives are fundamentally misaligned with the holders and users funding them.

Supporting the ecosystem shouldn't mean blindly subsidizing poor business models or inflated payrolls. True support means demanding accountability, transparency and a realistic path to sustainability.

If a project is failing purely because they overspent on operations before they built a user base, that’s not an ecosystem funding problem. That’s a basic business failure. It’s time we start asking the right questions before we open the wallets. This post is not aimed at any project in particlar.

[kickflips @elcapitankick]

@MinswapIntern You’re a savage. Lol

[kickflips @elcapitankick]

@xrplto @TapTools It seems likely.

Still not sure of what is happening internally… there is obviously friction. Not saying anyone outside has the right to know. But I do think it is hasty to blame outside factors when there is a strong possibility of internal factors.

[kickflips @elcapitankick]

@xrplto @TapTools Possible for sure.

But questions still exist.

[kickflips @elcapitankick]

@cardexscan @TapTools Also. Congrats on achieving 50% intelligible communication.

[kickflips @elcapitankick]

@cardexscan @TapTools Oh?

[kickflips @elcapitankick]

@adagiallife @TapTools @BendingData Gracias