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People are upset in various confused ways about these fees. But try and remember that the cheapest comparable fiat mechanism, like a GoFundMe, would have actually taken vastly more than 2% off the top!
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But if I were to pull a stunt like this I’d probably try to encourage a high minimum. It’s a trade off: total raised vs yield. 98% for 41m is pretty good.
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Repeating the prompt at the top of the thread: if this whole Web3 topic offends you or triggers your scam-dar, please mute this thread, or mute/unfollow. From some of the questions/replies it looks like some people didn’t see that. Should repeat it periodically.
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If you have questions like: “How is this not just X but worse?” “What problem does it solve?” “What value does it create?” “How can you justify the emissions?” “Isn’t this just privileged play?” I’m the wrong person to ask. I’ve done my tours of duty on such debates.
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What do you think is the probability that adoption patterns will follow the usual shape, with an initial high apex and deep trough, and then more gradual, sustainable growth?
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That pattern holds for regular tech adoption. To the extent Web3 represents an epochal, fundamental shift from debt-money-bureaucracy, it might behave differently. In what ways I am not sure. At least it's interesting.
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