added by sari · updated 2y ago
Ponzi-as-a-Service (PaaS)
- Token appreciation within the bull market was mistaken for an indicator of business model strength. In a neutral market with all else held equal, perhaps I would concur. But once the tides turned and the music stopped, reality set in. Incentive based tokens deflated quickly and users left in flocks, illustrating the obvious – tokens are not paralle... See more
from Ponzi-as-a-Service (PaaS) by Robert Hammond
sari added 2y ago
- Web3 founders need to take a step back and come to peace with the idea that there is no need to reinvent the wheel by introducing tokenomics models into every idea. Tokenomics is a powerful tool if used correctly. But tokenomics should take a back seat to the concept of engagement. Engagement is the basis of consumer success.
from Ponzi-as-a-Service (PaaS) by Robert Hammond
sari added 2y ago
- UX is arguably the most important piece of any consumer facing application. Apple built its success upon simple UX. Consumers listen to music because they love their favorite artists. Consumers watch their favorite videos for entertainment. Consumers play games because they are fun and engaging. No one will shy away from free tokens. But consumers ... See more
from Ponzi-as-a-Service (PaaS) by Robert Hammond
sari added 2y ago
- It is evident that the current consumer facing crypto business models do not work. Arguments can be made on several vectors to defend the lack of adoption of current consumer facing products: users are priced out, users are not crypto native, lack of security… the list goes on. While I do agree that these common arguments have some merit, I also th... See more
from Ponzi-as-a-Service (PaaS) by Robert Hammond
sari added 2y ago
- As discussed in my previous posts, there are myriad challenges to tackle before getting to mass adoption. Basic infrastructure, which has not proven itself ready for scale, sits at the core of these challenges. This is not too concerning in my opinion. The research, effort, brainpower, and capital that have been invested into this topic alone will ... See more
from Ponzi-as-a-Service (PaaS) by Robert Hammond
sari added 2y ago