Rotated all my LC into $TROLL
I gave Ben the benefit of the doubt for awhile, but I can't support this level of incompetence anymore, especially with btc.d trending down.
I could spend 30 minutes writing about this dumpster fire but I cba wasting anymore energy on it.
Hi Believe Community, and to those potentially considering joining us,
I’ve been told my posts can feel a bit impersonal, even “ChatGPT-ish.” That’s just my natural writing style, but for this one I’m going to make more of an effort to be more open / vulnerable.
When Believe launched it was very much built as an experiment, we built the first version of Believe in two weeks. It took off immediately, which we did not expect. I was still learning the basics of crypto when I suddenly found myself leading the ICM meta, an acronym I had never even heard of prior to launching.
On a personal level, I went from an intentionally private life to the center of CT almost overnight. Within weeks of launching Believe, I was running a platform processing a billion dollars a week. The shift was intense. Suddenly I was being stopped on the street and had to worry about the security of myself and those close to me.
I want to address the idea that I am “extractive.” When the Evelyn memes started, I leaned into them because they were absurd and I found them to be funny. Over time, the joke turned into a narrative that I might actually be one of those crypto founders who cashes out and immediately spends on extravagant things.
That is not the reality. I had money before starting Believe, and I have always prioritized living comfortably because my work is so high stress and high stakes. Evelyn’s job means part of my life is public, but much of what people see is exaggerated or staged for the entertainment of her audience. In truth, our lives are pretty ordinary. We spend 90% of our time working. We have dinner together sometimes. In nearly two years of dating, we have never been to a party together. Neither of us drink alcohol. I have never bought her a handbag and I do not understand the appeal of them. I do not own a fancy watch and probably never will. My phone tells the time perfectly well.
Wherever I am, I am working. This is how I have been my entire life. I do not work to live. I live to work. I am building Believe because it’s something I truly believe in!
On Believe, my thinking evolves the more time I spend here. Right now, I see a coin as a representation of an idea. A community of believers forms around that idea and collectively works to make it successful.
When an idea is especially powerful, it can evolve into a real product or service. In those cases, the coin can move beyond the idea stage and gain additional functionality such as utility, revenue sharing, or burning mechanisms. Believe’s role is to make that process as easy as possible for creators (starting with our API).
A healthy platform should work in a loop:
Investors → Creator / Platform → Investors
I am a strong believer in the power of flywheels. They are one of the most beautiful things crypto enables. I know the community has been frustrated with how long it has taken us to launch a Believe flywheel. It is very much underway. We are at least 80 percent finished. The only reason for the slow launch is that we want to build it the right way and ensure it is designed to last forever.
When we launch the flywheel, it will be paired with a significantly improved product. Believe will be built so that creators can turn ideas into enduring ecosystems.
I know trust comes from action. Until these things are live, many will wait to see results before believing my words. That is fine with me. I simply want these intentions to be on record. I am going to ensure my personal incentives are aligned with the best outcome for Believe.
Thank you to our incredible community for standing with us through the waves of doubt. Your support means everything. This project exists because of people who want to see crypto advance, and we are building every day with you in mind.
@0xCygaar The problem is lack of attention, and thus volume. Market the chains killer app (OCH) properly. If done well you'll see user and volume spillover into memes & NFTs on the chain.
OCH can become to abstract what HL perps are to Hype EVM and what Pump (now bonk) is to SOL.
@pasternak@apewoodx Will fees collected prior to the flywheel implementation be utilized for the flywheel? Or will it only be fees collected post-flywheel implementation? I think a majority of people assume it's the latter
@chamathsintern@kunalgoel They have ~50m on hand? I kept hearing ~30m
Are you assuming because Ben made that poll regarding 100% of platform fees going to a flywheel that it would apply to retroactive fees? Or are you going off a different source entirely?