Thoughts on the @pacmoon_ jackpot:
1) The issue here has been clear for a week: jackpot got a massive amount of gold which dilutes dapps. This isn't new, but it took $PAC winning twice for people to realize it.
2) To put numbers around it, in my estimates from 2 days ago, I showed that jackpot and Blur combine for MORE gold than all dapps combined in the second drop.
3) PacMan was explicit in a tweet that winning does not nerf your chance of winning in the future. I personally didn't take it seriously but should have, and it was clearly true.
4) The self-allocation to Blur of 2mn also always felt over-the-top.
5) A takeaway to me is that they want to bring on more Blast-native assets and creative assets which is what jackpot seeks to do. Especially given memecoin season in crypto. I think this will succeed at that and I expect more memecoins soon.
6) I also think it's clear that jackpot is an algorithm with multiple subjectively-weighted variables -- as opposed to anyone just picking projects from their desk.
7) I do wonder if the outcome of the current FUD will be a massive 3rd distribution of gold to Dapps. I hope not, but I wouldn't be surprised. In my table above, I estimate 15,000,000 gold which is 50% more than the last one.
8) End of the day, we're playing a game where someone else makes the rules. It's has always been arbitrary. That's the nature of this game we choose to play and it's been true for 18 months.
Study & adapt, study & adapt.
1) The issue here has been clear for a week: jackpot got a massive amount of gold which dilutes dapps. This isn't new, but it took $PAC winning twice for people to realize it.
2) To put numbers around it, in my estimates from 2 days ago, I showed that jackpot and Blur combine for MORE gold than all dapps combined in the second drop.
3) PacMan was explicit in a tweet that winning does not nerf your chance of winning in the future. I personally didn't take it seriously but should have, and it was clearly true.
4) The self-allocation to Blur of 2mn also always felt over-the-top.
5) A takeaway to me is that they want to bring on more Blast-native assets and creative assets which is what jackpot seeks to do. Especially given memecoin season in crypto. I think this will succeed at that and I expect more memecoins soon.
6) I also think it's clear that jackpot is an algorithm with multiple subjectively-weighted variables -- as opposed to anyone just picking projects from their desk.
7) I do wonder if the outcome of the current FUD will be a massive 3rd distribution of gold to Dapps. I hope not, but I wouldn't be surprised. In my table above, I estimate 15,000,000 gold which is 50% more than the last one.
8) End of the day, we're playing a game where someone else makes the rules. It's has always been arbitrary. That's the nature of this game we choose to play and it's been true for 18 months.
Study & adapt, study & adapt.
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