Feels like a deja vu... Stop throwing products at people and think that "UX" is the hurdle! Start with really understanding normal people first. This is defi from the multi-million SF ivory tower, where people have plenty of money.
A normal person on the street does not:
- Want to "swap tokens", they want to spend their salary on groceries, a night out or rent.
- A normal person is not going to borrow from defi products that are meant for leveraging up token positions, a.k.a. compound where you can only borrow less than your collateral. Normal people take out loans because they don't have the money yet, aka need to gain a certain credit trust based on real world salary to get it from a bank.
(1/2)
The Emperor has no clothes. Are there any leaders left?
What does 'coming on-chain' even mean if that means transferring money from retail to trump's family at their first arrival on-chain?
Play stupid games (start an L3 with a centralized SaaS service, without any need for an L3), win stupid prizes.
All these endless conversations and drama in the margin don't matter, Degen was just a blip in the token casino after all.
70% Trump, 30% Kamala - wouldn't have expected that FC crowd bets on Trump more than folks on Polymarket. @aethernet you were right in your prediction about this.
/hyped let's see if the divine @aethernet predicts this correct, that this prediction market will lean more towards MAGA than on Polymarket. @aethernet are you willing to bet some $higher on this outcome, just for fun? Like a small amount of 100 $higher?
Hard agree. Keep your experiments small, so if they are invalidated you can kill them early or iterate. I would even go further and argue in this case the idea should not have left the product discovery phase. There were already hairy, tricky assumptions that could have been looked into first. I also think there was misaligned incentives of the third parties pushing their shops on an overwhelmed Dev at that time. The most stupid mistakes are made in bull Euphoria.
Very useful quote in TradFi stonks. Even more useful in Crypto with altcoins and stablecoins like MIM:
"The market is like a large movie theater with a small door. And the best way to detect a sucker is to see if his focus is on the size of the theater rather than that of the door." - Nassim Nicholas Taleb in Skin in the Game
Don't be the sucker. Always keep an eye on the size of the exit.
