toxic product manager in blockchain

Saying things you might not want to hear

[toxic product manager in blockchain @ymediakov]

Probably built by AI as well. And it will be the sign of a new era. And I'm actually looking forward to it.

[toxic product manager in blockchain @ymediakov]

Before LLM entered our lives (about five years ago, haha!), I thought that soon there would be a programming language much easier to use, allowing anyone to code anything.

At that time, graphical programming, IFTTT, and similar tools seemed to be the direction we were heading.

[toxic product manager in blockchain @ymediakov]

But it went in a different direction: now we have LLMs to code for us. So I believe that soon we will see a new programming language specifically designed for AI. It will offer performance but will likely be much harder for humans to use. Think Assembler, but AI-oriented.

[toxic product manager in blockchain @ymediakov]

Stripe understands that, and they have devs as users, so building their own infra is just an obvious step.

[toxic product manager in blockchain @ymediakov]

The business that owns the end-users always wins.

It can build the whole vertical, when it's economically effective. @base did that.

Infrastructure always has the lowest margin, unless it is a monopoly.

Build for people, not for your imaginary partners and institutions.

[toxic product manager in blockchain @ymediakov]

@arc is a very obvious step after the success of CCTP. Stablecoins will drive the next wave of blockchain adoption.

[toxic product manager in blockchain @ymediakov]

Tokens without utility or revenue share are memecoins.

$W - 3-governance proposals since TGE, none matters, Mcap 380M
$JUP - many governance proposals, none matters, governance stopped without a voting (lmfao), Mcap 1.5B

Compare with $DOGE Mcap of 32B.

Simply bad memecoins.

[toxic product manager in blockchain @ymediakov]

I don't really understand why we use wallets for user identification in Web3.

- Not convenient: user can have many wallets on many chains;
- Not confidential: user exposes all the transactions on login;
- Hard for Web2 users to understand.

Wallets are for transactions.

[toxic product manager in blockchain @ymediakov]

So now when I see that some chain is "for gaming", I smell that something is not right. I think you guys should too.

[toxic product manager in blockchain @ymediakov]

Gaming does not need crypto.

Some time ago I talked to the top-manager of one the biggest companies that build mobile games. Below are his takes.

[toxic product manager in blockchain @ymediakov]

Play-to-earn though used to be an interesting concept, and they researched it. But at the end of the day, these games still need a party that pays for everything, and none of them found the sustainable financial model.

[toxic product manager in blockchain @ymediakov]

@KyleSamani Both @pumpdotfun and @zora ignore the fundamental factor: content distribution. For the creator, the audience and attention is tied to the distribution platform. Monetization is also connected to distribution, ignoring this = failure.

[toxic product manager in blockchain @ymediakov]

@vohvohh @pumpdotfun did their exit via degens, it's time to move on. Surprisingly, no one was saying this before the TGE, lol.

[toxic product manager in blockchain @ymediakov]

The UAE Golden Visa by @ton_blockchain ended in nothing.

Who could’ve possibly seen that coming? Shocking.

https://t.co/1jr2W4Iuhn

[toxic product manager in blockchain @ymediakov]

Great article! Crypto is full of shit, so this kind of article is a rare diamond.

[rosie @therosieum]

https://t.co/6aQi8SuQiq

[toxic product manager in blockchain @ymediakov]

@therosieum Wow, that's just an awesome article! Thanks for posting, it's simply great!

I had the same feeling, and you provided data proving it.

[toxic product manager in blockchain @ymediakov]

@alphagrowl @JupiterExchange Can you elaborate how meow’s net worth is linked to $JUP? I'm honestly not aware of that.

[toxic product manager in blockchain @ymediakov]

Why on earth should $JUP go up?
- Circulating supply growing
- Utility = pointless votes + ASR that just prints more tokens
- Zero tie to @JupiterExchange revenue and no treasury rights

Maybe… do the math?

[toxic product manager in blockchain @ymediakov]

@alphagrowl @JupiterExchange Inflation distribution via staking was always questionable for $JUP.

Inflation is basically bad, as long as we don't see utility. It's a basic economics: no organic demand, more supply = result is easy to predict. Staking rewards can never cover these losses.

[toxic product manager in blockchain @ymediakov]

@alphagrowl @JupiterExchange I really love the @JupiterExchange product. The problem is the $JUP. Now it is just the token with same name.

I believe that instead of hopium, $JUP holders need to form the demand: $JUP need to have program-based and DAO controlled connection with product revenue.