Web 3 Bribery: You can't put the genie back in the bottle
1/9
OpenSea sentiment has turned quite negative lately.
Pundits claim it's due to downtime, listing vulnerabilities, and a lack of support. While partially true, I think it's really about money.
1/9
OpenSea sentiment has turned quite negative lately.
Pundits claim it's due to downtime, listing vulnerabilities, and a lack of support. While partially true, I think it's really about money.
2/9
Pardon my cynicism, but most behavior is driven by money/resources
The Arab Spring had more to do w/ rising food prices vs thirst for democracy
GDP growth is a potent predictor of elections
Most divorces follow $$ issues, not "randomly falling out of love".
Pardon my cynicism, but most behavior is driven by money/resources
The Arab Spring had more to do w/ rising food prices vs thirst for democracy
GDP growth is a potent predictor of elections
Most divorces follow $$ issues, not "randomly falling out of love".
3/9
People can't "un-see" the comparative outcome of getting paid to use $LOOKS. It's a red pill. Now that a better deal exists, users are turning up the heat on OS
Rising OS resentment is a side effect of the "$LOOKS bribe", and it tells us a lot about where we're headed next
People can't "un-see" the comparative outcome of getting paid to use $LOOKS. It's a red pill. Now that a better deal exists, users are turning up the heat on OS
Rising OS resentment is a side effect of the "$LOOKS bribe", and it tells us a lot about where we're headed next
4/9
I'm getting very excited about backing media platforms and crypto utilities that have sustainable economics, and are willing to "bribe" users more aggressively than competitors.
I'm similarly optimistic about blue chip DeFi 1.0 gov tokens (same human nature at play).
I'm getting very excited about backing media platforms and crypto utilities that have sustainable economics, and are willing to "bribe" users more aggressively than competitors.
I'm similarly optimistic about blue chip DeFi 1.0 gov tokens (same human nature at play).
5/9
I also plan to contribute to web 3 media - frankly, to monetize attention w/o tastelessly "selling" content directly.
I fell in love w/ the idea that attention has value, unlocked by ecosystem tokens in late 2016 - as Andreas explained streaming money
I also plan to contribute to web 3 media - frankly, to monetize attention w/o tastelessly "selling" content directly.
I fell in love w/ the idea that attention has value, unlocked by ecosystem tokens in late 2016 - as Andreas explained streaming money
6/9
It made even more sense to me 1-2 years later as Brendan Eich started building out Brave and I began to understand how he was flipping around the economics of web 2 (advertisers pay you for attention directly via a token).
It made even more sense to me 1-2 years later as Brendan Eich started building out Brave and I began to understand how he was flipping around the economics of web 2 (advertisers pay you for attention directly via a token).
7/9
It feels like the incubation period ending. The OS vs $LOOKS saga shows that web 3 constituents are growing impatient. Users have received that first sweet bribe payment, and they're not returning to their old ways. Media is almost definitely the next target of resentment.
It feels like the incubation period ending. The OS vs $LOOKS saga shows that web 3 constituents are growing impatient. Users have received that first sweet bribe payment, and they're not returning to their old ways. Media is almost definitely the next target of resentment.
8/9
I predict is that we'll see a shift away from playful jokes about social platforms, streaming, news sites, and online forums this year. Enter the era of frustration and browbeating directed at web 2 media... just like we're seeing roil OS in real-time.
I predict is that we'll see a shift away from playful jokes about social platforms, streaming, news sites, and online forums this year. Enter the era of frustration and browbeating directed at web 2 media... just like we're seeing roil OS in real-time.
9/9
I'll probably do another thread on some of the lead horses in this young race to reorganize incentives for content creators/consumers.
@osf_nft's thread on $RUG was thought provoking yesterday, and it's time for me to dig deep into other platforms making commendable strides.
I'll probably do another thread on some of the lead horses in this young race to reorganize incentives for content creators/consumers.
@osf_nft's thread on $RUG was thought provoking yesterday, and it's time for me to dig deep into other platforms making commendable strides.
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