Probably the most cringe thing I’ve seen on this app in a long time.
Zora forces creators to sell tokens on their holders to get the realize value (both creator token and Zora).
@coinage_media partnered with @zora and shocker came out with some bullshit video about how it solves middle-man problems with social.
1) false - the $ZORA token and your creator coin is now your middle man. You must hope people buy and $ZORA maintains value as a MOE within its platform. Queue death spiral potential.
2) The idiot talking suggests that the ‘flywheel’ Saylor had made is of sound economic principles and that ‘attention’ is a hard asset like $BTC.
I personally think Saylors Strat inevitably fails bc it’s a ponzi. Regardless I also think attention is the least hard asset in existence bc it is fleeting. You’re popular 1 day, to be ignored the next. Sure they’re are exceptions, but when disaggregated attention is the MOST volatile asset in existence with zero backing. Don’t bullshit your IP etc as value, if no one listens, doesn’t matter.
This whole thing is a masterclass is gaslighting and psyops. Everyone who listens to this critically needs a o ask themselves - does this make sense?
Do we want to monetize everything? Is what we’re selling a dream that our content will be forever valuable bc muh LP has tokens? All the while the creator has to sell on you to realize gains?
Not a fucking chance. This is peak lunacy and I hope anyone pitching you things like this, ahem coinage, Zora, base, Jesse pollak, will forever be known as the gaslighting cabal bc that’s what they are.
Rant end.
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