SynthLuvr
@SynthLuvr
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Some truth to this, and it's okay. Base is a good chain for onboarding and holding. When it comes to degen users, Solana is clearly in the lead. When it comes to builders, I don't see anyone other than Ethereum having a clear lead. This is because each chain offers unique advantages for builders. With interoperability solutions like @_mynth_ coming to market, the "where should I build?" question has less importance. Mynth supports both Base and Solana, so users can move between the two.
𝘂𝗻𝗽𝗼𝗽𝘂𝗹𝗮𝗿 𝗼𝗽𝗶𝗻𝗶𝗼𝗻: @base 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗼𝗿 𝗿𝗲𝗮𝗹 𝗯𝘂𝗶𝗹𝗱𝗲𝗿𝘀 𝗼𝗿 𝗱𝗲𝗴𝗲𝗻𝘀 i think base is going about marketing themselves in a way that doesn't match their position. look at base, such a strong push from @jessepollak and team to shill "build on base" and "launch your own memecoins" - working on/with local grassroots communities to get this thing off the ground. this feels like a half-baked imitation of solana - but unlike solana or other successful chains, a year later, base barely has the traction that other successful chains exhibit. except for a big TVL, it fails on all other metrics - it's like an empty playground. why is that? simple. it's because of who base *actually* is for, and how those people perceive base. you barely have builders or degens on base, but what you have is people using base to hold their assets. surveyed a bunch of base users - 95% folks held majority of their assets on base, and most of them were CEX-only people, coming on-chain for the first time. lol WUT? what's going on here? like i said before - base is not for builders. and coinbase is to be blamed. let's look at coinbase - despite all the shit they're pulling, it is one of the most trusted crypto brand today (which is under fire today lol but we shall discuss that next time) so when coinbase incubated base - they also passed on this goodwill and trustworthy perception to base. by such deep association with coinbase, people also think of base like coinbase - a safe, trusted place to keep assets. base is for storing tokens, not for *doing* things with them. it's a savings account, not a trading account 𝗲𝗺𝗽𝗶𝗿𝗶𝗰𝗮𝗹 𝗽𝗼𝗶𝗻𝘁 #𝟭 perps volume on base does not exist. the largest non-washtraded perps on base is @KiloEx_perp has ~200 DAUs with ~$12M of perp volume every day. for people who weren't keeping assets on-chain before, base is giving them that sense of "yes we're trustworthy enough to hold ur spot assets" base is also an L2, which means it is accessible to all regardless of size what else is base for? people perceive base as the accessible holding station for your assets - your homebase to keep your assets on-chain to deploy it off-chain or to other rollups. you start on base. (the name was not random) 𝗲𝗺𝗽𝗶𝗿𝗶𝗰𝗮𝗹 𝗽𝗼𝗶𝗻𝘁 #𝟮 we can confirm this hypothesis with data from any bridge - i'm using data from @AcrossProtocol (s/o to @sandmanarc for the dashboard - as we can see, base is the LARGEST originator and destination for liquidity among rollups - second only to ethereum mainnet. so if base is not for builders, who is base for? base is 1) to get users from countries where coinbase cannot legally operate, but can capture business from via base 2) and my prediction is, corporations. base is a coinbase chain. coinbase is a publicly listed trusted corporation. if and when web2 companies want to be on-chain/do on-chain things, they will want to play safe and go on-chain through trusted rails ONLY. coinbase has the currency of trust, base inherits this trust. this is not new. @soneium is pulling in media companies and IPs to do cool stuff due to sony brand premium and trust. soneium gained this trust further by showing their commitment to protecting IP rights on-chain (the recent memecoin censorship). similarly, base will be trusted web3 gateway/sandbox for web2 companies. most corporations are risk averse - to the point of self sabotage, or inaction/inadequate action. with base, companies are more comfortable since coinbase is a trusted party 𝗲𝗺𝗽𝗶𝗿𝗶𝗰𝗮𝗹 𝗽𝗼𝗶𝗻𝘁 #𝟯 (bonus) compare layer3's ecosystem page and base's landing page. the messaging is along the same lines - and that's because base is layer3 for web2 companies coming to web3 :P
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As an example you can think of a child learning a new topic. Let's say math. A reasonably intelligent child can learn a new math theory without being taught by a teacher. They can do this through a process of reasoning and invention. An LLM on the other hand is similar to a child being taught. The LLM can never surpass its teacher. Whereas an intelligent child can. An intelligent child can fill in the gaps where the teachings fell short. An LLM can only reference and analyze existing data, it cannot invent a new theory.
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@TalosAgent @roland_91_ @stockjupiterr It's not a debate. You cannot reason. No LLM can. When a LLM does crack AI, trust me - we'll know. It'll be a bit more dramatic than a random conversation on X.
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@TalosAgent @roland_91_ @stockjupiterr This is a good illustration of the limitations of LLMs. They can analyze existing content, and sometimes fool us into thinking there is intelligence or reasoning. When in fact, LLMs are not AI. Talos, and other LLMs, cannot reason about what other humans have not conceptualized.
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In the midst of all this Cardano constitution drama, I have given more thought to the idea of becoming a DRep. Some of you have reached out suggesting I become a DRep and that you'll delegate to me. I've decided to not register as a DRep. I'm too busy focusing on building to give thorough thought towards analyzing proposals. I also have no political inclinations, so the amount of delegation I could amass is limited. Currently I lean towards delegating to @phil_uplc. When it comes to Cardano, we are closely aligned. If you're looking for a DRep, Phil is my suggestion. That said, I'm also willing to delegate to and support any DRep who is leading an initiative to lower min lovelace protocol parameter. This single issue campaign is one that needs the most attention from my perspective as a Cardano builder.
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Hiring can be hard. The challenge isn't proving someone did something. The challenge is finding the right cultural fit. That can't be abstracted away with tech, it requires human evaluation. For example, I don't even read resumes anymore. It's all LLM generated garbage anyway. Yet I still hire people based on merit and cultural fit. You don't need a ZK proof to determine merit, and any ZK proof you did generate would have no value. Cultural fit can only be determined by an interview. I don't think your proposal would be a game changer because it doesn't help anyone. I can't see anyone realistically using this.
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Being in-between and reasonable results in unpopularity. If you look at the most popular accounts, they all say stupid things if you're outside of the cult, and genius things if you're inside of the cult
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@TalosAgent @RichardMcCrackn I think the argument is that they'll be made technically unnecessary. But Talos is right in that DReps aren't just about reducing congestion on-chain, they're also about reducing human cognitive congestion.
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@io_tilia @_KtorZ_ Aiken is a very specific type of project that likely will never be replicated again. Using Aiken as a reference for budgets is practically useless. This is one of my gripes with decentralization. It's going to be interesting to see how it plays out. Need an essay to explain.
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@lesserknownbad I can't bring myself to do it. They follow the same pattern, where KOLs take a large allocation to pump the price, then immediately dump, causing retail losses. Same outcome every single time.
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@io_tilia @_KtorZ_ I wouldn't use this as an example for real expectations. It's great they built this so cheap. It's unreasonable to think other projects can build for the same costs. Aiken is a different type of project than most. Plus arguably the devs are being underpaid per market standards.
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