@watchingmarkets I totally agree.
the risk with attention rotating too early is that it trains people to hold with less patience.
every new runner then gets a shorter window to prove itself.
the robinhood chain needed a success story, not just new objects of attention.
you have to understand the demographics of the trenches.
these are not traditional investors. they are memecoin traders.
memes is their language.
rwa and ai infra can be the destination yes. but you don’t start with the destination.
you start with the language.
@vladtenev
the move to rwa came too early.
base can steal attention for a moment with a pfp change but that alone cannot sustain the attention.
the onchain audience right now is mostly memecoin traders.
they understand memes. they understand green candles. they understand success stories.
they dont instantly understand rwa & ai infra the same way.
cashcat should have been allowed to create the first proper wealth effect.
then those profits could have rotated into rwa and ai infra naturally.
instead, attention got split into three before the first runner fully matured.
the risk with attention rotating too early is that it trains people to hold with less patience.
every new runner then gets a shorter window to prove itself.
the robinhood chain needed a success story, not just new objects of attention.
Hmmm, from the vantage point of @vladtenev, I'd guess the possible strategic paths forward look something like the following:
1) support all assets that spawn from the community which appear productive for the chain (memes, RWAs, other utilities, etc) early on and force a redistribution of wealth
or
2) raise the ceiling of the first object of interest as high as possible (giving a nod to the others along the way) in order to cement @RobinhoodCrypto as the chain offering the highest speculative premium, which continues attracting new users while allowing wealth to trickle down in the future
The former, imo, gives rise to pvp within RH chain too early (why would new users come if there is no hope of higher?)
The latter, imo, more aggressively onboards new users while catering to the first cohort of users, all while preserving the wealth effect
Maybe I'm missing something, but that's how i'm thinking about it for now
We shall see
@IcedKnife absolutely.
following index is a bad move.
if he had interacted with cashcat it would have moved the chart much higher + he would get the trenchers to hype robinhood again.
rwa doesnt get trenchers excited.
its a memewar. clearly
the most traded onchain asset class has always been memes
if robinhood wants to win, they need to support memes. and they know, and they just said their focus is on: rwas, perps and memes
thesis:
memes on robinhood chain are mainly the customer acquisition layer.
memes are more contagious. viral friendly. easy to understand. easy to rally around.easy to form communities around belief.
but the ultimate goal seems bigger than memes.
rwa / ai infra / agentic frameworks.
robinhood likely wants to create a place where ai agents, infra projects and smaller builders can access public-market style liquidity much earlier.
almost like pre-ipo style exposure, but onchain.
if that is true, we may see a whole wave of agentic projects with actual utility appear on robinhood and maybe spark an ai meta there.
none of this means every project will do well.
god knows best.