A father and son build an AI agent. The father tweets that they have $10M ARR and the son is rushed to San Francisco to pitch the seed round. At the pitch the VC looks at the boy and says "I can't fund this boy, he is my son."
How can this be?
Thank you so very much to @stevedv_eth for collecting these two pieces. Thank you also to @Oaknarrow, @halecar2, and anon for your generous bids as well. It's really significant to me, and feels like a very big leap into something new. So I'm profoundly grateful to you for your support, and it makes me feel confident and excited to keep making more :)
@rauchg building https://t.co/o3QbbqmEtf to automate all the bs work that wastes everyone’s time in apps like Jira, salesforce, slack, docs etc
ai and chat sdk have been a life saver for us building out super easy to use tool calling
I don’t need examples because I can reason about the fundamentals.
Imagine a memecoin chart in your mind. See where it peaks? That’s where you sell if you want to make money. It’s been proven a thousand times. Ask @poof_eth at @DXRGai, they have all the Solana data, know it inside and out, and trained a model to imitate these coins. Every one follows the same characteristic pattern. It may as well be a law of nature. The way that vegetables grow. An explosion of energy, followed by a long withering death.
Memecoins go rotten if you hold them too long, and everyone knows it.
You don’t want people to do whats best for their wallet because it washes away the perfume of “content” you’ve sprayed all over these shitcoins. If people did what makes them the most money (sell at the top), their holders and believers feel like they’ve been dumped on. And if people feel dumped on, people stop using it. If people stop using it, your model stops working.
So it’s in *your* best interest, and nobody else’s, if people just hold on to their own coins, because then you can keep this charade of a “new paradigm” up long enough to make a bunch of money before you pivot 6 months late to the next new thing.
Now *maybe* some kind of complex creator/content/company coin loop ends up working. I don’t know. But you don’t either.
I would respect you and Jacob so much more if you were just transparent about this. Tell people, “hey, Coinbase/Zora is a company. We have a duty to make money for our stakeholders. This is an experiment to try to make money for our business, because we get to double dip on platform fees and transactions on our network. If you use it, you might make money too. But this shit isn’t positive sum, and the house always wins. So no crying in the casino, engage at your own reputational risk.”
I don’t even necessarily have an issue with trying out a “coin everything” model.
To me, like, *ew*, but you do you.
But don’t fucking gaslight people by saying you KNOW what’s best. No you fucking don’t. You’re hoping and praying that this swing at social makes your salary and the overhead necessary to run an engineering team make sense on a balance sheet.
and settle down with the “infinite game” shit, your app was announced 6 days ago