This post got 68,000 views on X, and it didn’t pull any punches: it’s easy to generate buzz when subsidies are flowing. Factories keep producing to qualify for subsidies, but warehouses full of products don’t mean they’re selling well.
A new project offering mining rewards was asked a soul-searching question: if the rewards stopped tomorrow, how many people would still stick around and use it?
What’s truly worth looking forward to is developers taking circuits built by others and using them to build applications. Circuits can be permanently recorded on-chain, but that doesn’t automatically create demand.
My take: when evaluating a new project with subsidies, this is the first question to ask.
Subsidies can buy buzz, but they can’t buy retention. The number of people who stay is the product’s true temperature.
$BTC
#热点 $ETH
A new project offering mining rewards was asked a soul-searching question: if the rewards stopped tomorrow, how many people would still stick around and use it?
What’s truly worth looking forward to is developers taking circuits built by others and using them to build applications. Circuits can be permanently recorded on-chain, but that doesn’t automatically create demand.
My take: when evaluating a new project with subsidies, this is the first question to ask.
Subsidies can buy buzz, but they can’t buy retention. The number of people who stay is the product’s true temperature.
$BTC
#热点 $ETH