@BitMEX@astrobotic@ulalaunch The first astronauts to set foot on the Moon were Neil Armstrong and Buzz Aldrin123. They were part of the Apollo 11 mission, which was launched by NASA on July 16, 1969
Friend Tech has been tried a dozen times or more.
It always fails.
~2 years ago it happened on Solana — I bought shares in @levicook and Becca (lol). It was pretty popular for a few months.
More recent examples include: Rally, Bitclout, Wumbo, and more. Each time, influencers pump their tokens, each others tokens, then dump them — or get dumped on if they're sunk into propping up the price.
Wumbo — created by @redacted_noah and the Strata team, had collective bounties, gated chatrooms, & more.
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Fundamentally, tokenizing people is a bad move for multiple reasons:
1. Financializing your friends is bad.
Reducing humans to commodities doesn't really work. The pressure on people to maintain a speculative token of their likeness leads to stress, anxiety, and burnout.
2. Most legitimate projects can't survive tokenization, let alone individuals:
Why would influencers be able to handle it? (surprise, they aren't able to, historically speaking)
3. Friend Tech's price curve is supply squared:
Exponential up, great for social boom and euphoria, max pain on the way down, in other words, optimized for pump n dump. For context, Wumbo was linear.
4. Vanity tokens are self-serving:
Most people with some modicum of self-respect don't want people to buy a token in their likeness.
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Its a quick way for influencers to make a quick buck on you but that's about it.
Its been tried, its always failed.
On the flip-side, to some extent, these types of experiments are worth having for building stickier products in the future (that aren't friend-tech).
Just don't ape assuming its going to go anywhere long term.
Thanks to @redacted_noah for the experience/info.
https://t.co/h0wWuoE2Yz
In case it wasn't obvious to you, friendtech is another bitclout style hit and run ponzi where people lose interest after a week. It's obvious to the 100 or so people still trading. But they picked up a gamba addiction and relish being able to play any on-chain game for money.
Unfortunately, due to a miscommunication, an intern who was watching the book over the weekend panicked when he saw the large and unexpected positions and market sold the entire block into thin liquidity in the early hours of Saturday morning.
Bankruptcy claims exchange OPNX has released $OX, governance token that is designed to reduce trading fees. $FLEX holders can convert their tokens for OX at a ratio of 1:100. By @oknightcrypto.
https://t.co/HbwqSiLcZd
I BOUGHT $BTC AT $9k AND SOLD TO THE LIQUIDATED SUITS AT $69k
you think these fkers out trade me...
YOU WILL SEE PEAK NINJA, THEY BROUGHT THE BEAST OUT