We both disagree on the value prop around BTC and scarcity in general. I think scarce assets have a great value proposition when combined with deep utility. The team spent 7 months thinking about and designing utility mechanics to coexist with the scarcity use.
While I think this is going to play out very differently than you when all is said and done (a few months from now when bonding has built a large PoL, Collateralized Lending is in place, xPOLY APY is 30%+ sustainably, emissions are near 0 per block, Kingdoms assets will have variable earn rates - dependent on xPOLYCUB held by the wallet… and that’s just the features we’ve already been building. Doesn’t consider any new ones we dream up) I still appreciate your view and a differing perspective on the mechanics.
This launch certainly taught us a lot and I think it will carry a great deal of weight into the future. That being said, we still believe POLYCUB will play out to be a deeply entrenched scarce asset with utility that can sustain desirable yields. Combined with collateralized lending, I’m confident that xPOLYCUB will become a vortex of value capture for every single user who buys and staked POLYCUB.
So while we disagree on the current and future state of POLYCUB, I am curious to hear about your feedback. Let’s say you had the keys to the kingdom (punny punny), what would you:
- Change about POLYCUB in this moment
- Change for future outposts in the coming years
As much as I disagree with your sentiment and a few of the things in discord lately, I do appreciate the other side of every coin and believe great lessons can be learned from examining it. Thanks Edicted 🦁
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Haha! PCub is not a ponzi or anything close. The marketing has been great because you were always honest in the AMAs that anything can happen and that actually number forever go up is more of an idea than a reality.
I think you went too far @Edicted, there's no reason why Leo would lie any less than a Mc Donald's ad. Honestly PCub is much more fun and legit that Drugwars could ever hope to be. That was definitely ponzi territory, that one.
For me:
1: I would create a double down stake function on XPCub, something like a 360 day time lock against an airdrop on the next expansion. The airdrop value being TBD.
If the asset is to become static by nature, then it's about finding ways to leverage its illiquidity.
2: I agree with @Edicted, start building the PoL right away, the early harvesting penalties could have been tapped for this. Scratch the idea of saying that you can find a formula for future expansions, on the contrary, each expansion needs to be right at one point in time. Elon didn't get rich doing what Gates did, you know?
I would like to add to the criticisms with the fact that the WETH-DAI pair has the wrong logo.
I really enjoy a healthy debate with both sides of the coin being explored, nothing could make this experience more exciting, so thank you both.
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