DoomPosting
Many retards continue to not get that memecoins are not about the memes Rather about the movement potential, the people 🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
“Base is posting on Zora because we believe everyone should bring their content onchain”
Content coins always have been retarded
Content already has a going market price, and it is VERY LOW compared to memecoin market caps
Art/writing sells for very cheap on open markets, compared to memecoin caps
OBVIOUSLY memecoins are not about the art/writing content
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Content coins always have been retarded
Content already has a going market price, and it is VERY LOW compared to memecoin market caps
Art/writing sells for very cheap on open markets, compared to memecoin caps
OBVIOUSLY memecoins are not about the art/writing content
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Jesse from Base trying hard to push the content coin idea
Retarded
New coin for each new service or persona?
— Reasonable, services can have very distinct fan bases
New coin for every piece of content created by a service or persona?
— Absolutely retarded, fanbase for each piece of content from the same service or persona is likely identical, totally overlapping, you’re just hyperinflating your supply and driving prices to zero, retarded
This is even far worse than NFTs — which at least were grouped into semi-fungible “collections”
Looks like a horrible idea, fundamentally misunderstanding what’s going on in, to me
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Retarded
New coin for each new service or persona?
— Reasonable, services can have very distinct fan bases
New coin for every piece of content created by a service or persona?
— Absolutely retarded, fanbase for each piece of content from the same service or persona is likely identical, totally overlapping, you’re just hyperinflating your supply and driving prices to zero, retarded
This is even far worse than NFTs — which at least were grouped into semi-fungible “collections”
Looks like a horrible idea, fundamentally misunderstanding what’s going on in, to me
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fr this is like listening to a third-world dictator trying to justify hyper-inflating the country’s money supply
Economic retardation
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Economic retardation
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Next problem with these “content coins”
— DUMPING THE COIN SHOULD NEVER BE THE MAIN POINT OF THE COIN
But that’s exactly how they’ve presented it
Same as for the horrible track record of charity coins, whose stated purpose is dumping the coin for charity or whatever
If your stated core purpose of the coin is to dump it, with zero hint of a potentially valuable reason to hold it, then obviously the market will dump it & not let it gain nearly as much value
Economic retardation
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— DUMPING THE COIN SHOULD NEVER BE THE MAIN POINT OF THE COIN
But that’s exactly how they’ve presented it
Same as for the horrible track record of charity coins, whose stated purpose is dumping the coin for charity or whatever
If your stated core purpose of the coin is to dump it, with zero hint of a potentially valuable reason to hold it, then obviously the market will dump it & not let it gain nearly as much value
Economic retardation
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💯6
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Chick who took a ride in the Blue Origin now demands to be called an “astronaut”
Exact same thing that as has played out in big tech since ~2010
(1) Real dudes build everything
(2) Eventually everything gets so streamlined and automated that it can all run itself
(3) Girl bosses move in, kick out everyone legit, do NOTHING while everything automatically runs itself, and call themselves real engineers
But why do the big tech monopolies have such a huge workforces, if almost all of them do nothing?
— Political reasons
It’s the most effective way to delaying an anti-trust breakup, employing huge numbers of people, who stand to lose their fake jobs if these monopolies ever got broken up.
These masses of useless people form their political army against breakups.
Automation + need to hire huge number of people for fake jobs = path straight to communism
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Exact same thing that as has played out in big tech since ~2010
(1) Real dudes build everything
(2) Eventually everything gets so streamlined and automated that it can all run itself
(3) Girl bosses move in, kick out everyone legit, do NOTHING while everything automatically runs itself, and call themselves real engineers
But why do the big tech monopolies have such a huge workforces, if almost all of them do nothing?
— Political reasons
It’s the most effective way to delaying an anti-trust breakup, employing huge numbers of people, who stand to lose their fake jobs if these monopolies ever got broken up.
These masses of useless people form their political army against breakups.
Automation + need to hire huge number of people for fake jobs = path straight to communism
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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