onchainomics
/onchainomics135
This channel aims to introduce a new concept - Onchainomics: the study of how emerging economic activities take place on blockchain networks and how these on-chain activities impact the real-world global economy.
🕹️ Come play games in the Farcade!
Electric Capital has just released their highly anticipated 2024 Crypto Developer Report, offering a fresh perspective on the state of blockchain development worldwide. I dedicated several hours to analysing the report, testing my market assumptions against their findings, and was pleasantly surprised to discover significant alignment between my observations and the empirical data. The regional statistics, in particular, presented some fascinating insights that warrant closer examination.
Some reflections, not necessarily related to this Bloomberg podcast or Jesse's views.
The positive feedback loop would be like this:
Strong incentives (prioritizing both infrastructure and content creators) → Social networking → Consumer engagement → Enhanced incentives
Think of it this way:
- The supply side, creators stay engaged when they're properly incentivized. These incentives include creative freedom, community innovation, and of course, monetary rewards - all of which are crucial factors.
- The consumer side, it's quality content that drives consumer product development, which then leads to mass adoption. This isn't a chicken-and-egg problem; we can't expect consumers to sift through mountains of low-quality content onchain to find gems. The supply side must lead: first, great content moves on-chain (driven by the superior creator economy that initially attracts creators), then consumers follow with their engagement.
The positive feedback loop would be like this:
Strong incentives (prioritizing both infrastructure and content creators) → Social networking → Consumer engagement → Enhanced incentives
Think of it this way:
- The supply side, creators stay engaged when they're properly incentivized. These incentives include creative freedom, community innovation, and of course, monetary rewards - all of which are crucial factors.
- The consumer side, it's quality content that drives consumer product development, which then leads to mass adoption. This isn't a chicken-and-egg problem; we can't expect consumers to sift through mountains of low-quality content onchain to find gems. The supply side must lead: first, great content moves on-chain (driven by the superior creator economy that initially attracts creators), then consumers follow with their engagement.
This data dashboard created by Electric Capital is really cool, as it shows which blockchain ecosystems are dominant in different regions. For example: in Nigeria, the top three ecosystems with the most active development are Solana, Ethereum, and Base. Additionally, they compiled statistics for the Global crypto developer share in 2024, with the United States, India, and the United Kingdom occupying the top three positions in terms of developer share, combined account for 34.8% of crypto developers worldwide.
Thanks to @0xbala.eth and @kaori for providing the source.
https://www.developerreport.com/
Thanks to @0xbala.eth and @kaori for providing the source.
https://www.developerreport.com/
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Follow up: "Study: 76% of Twitter Influencers Promote Dead Memecoins"
By CoinWire, Published Nov 20, 2024:
Key Findings
- 76% of Twitter influencers promote dead memecoins.
- 2 out of 3 memecoins promoted by influencers are dead.
- 86% of influencer-promoted memecoins lost 90% of their value in 3 months.
- Only 1% of influencers promoted memecoins that gained 10x.
76% of Twitter influencers have promoted meme coins that are now dead. In fact, two out of three memecoins they promote are worthless. This means that a large proportion of influencer-driven promotions are essentially setting up investors for failure. These promotions often mislead new investors, who jump into these projects without understanding the associated risks.
See original article below:
https://coinwire.com/76-percent-twitter-influencers-promote-dead-memecoins-study/
By CoinWire, Published Nov 20, 2024:
Key Findings
- 76% of Twitter influencers promote dead memecoins.
- 2 out of 3 memecoins promoted by influencers are dead.
- 86% of influencer-promoted memecoins lost 90% of their value in 3 months.
- Only 1% of influencers promoted memecoins that gained 10x.
76% of Twitter influencers have promoted meme coins that are now dead. In fact, two out of three memecoins they promote are worthless. This means that a large proportion of influencer-driven promotions are essentially setting up investors for failure. These promotions often mislead new investors, who jump into these projects without understanding the associated risks.
See original article below:
https://coinwire.com/76-percent-twitter-influencers-promote-dead-memecoins-study/
Show some conviction!
yes, and we should have the ‘core onchainomists’ group to observe and analyse the impact of the onchain economy
Join us here to discuss the "infinite endgame" for Ethereum's economic model.
https://app.devcon.org/schedule/UFX3NX
https://app.devcon.org/schedule/UFX3NX
Ethereum is an incredibly large and diverse onchain economy.
Channel are this, not this, blabla; in the end, there will be a market for them. @dwr.eth, you can decide if it will be centralized or not. I understand that currently, it’s centralized, but I think it’s naive to assume that a market won’t eventually form. Proof 👇
Perfect dashboard for onchainomics analysis, check @growthepie via: https://www.growthepie.xyz/economics
The Academy Paper™ 📑 is our most comprehensive piece of published work on Mental Wealth Academy.
Decentralized Education & Building in public.
All Product Design, UX Research, Contract Development, made by me.
@a16zcrypto @base @ethereum
Academy.
https://paragraph.xyz/@mentalwealthacademy/academypaper
Decentralized Education & Building in public.
All Product Design, UX Research, Contract Development, made by me.
@a16zcrypto @base @ethereum
Academy.
https://paragraph.xyz/@mentalwealthacademy/academypaper
I’m actually really bullish on worldcoin. Blockchain infrastructure is beneficial because of timestamps and ownership but worldcoin solves 90% of the work small proof-of-humanity are trying to do now, with real proofs-of-humanity.
I still think that sybils will be made and orchestrated just in a new way. I’m ready to study what happens when people start using crackheads to boost worldcoin IDs to sybil groupthink and spread propaganda.
As much as silicon valley wants the future to be pure white acceleration on top the hyper financialization tiger, the future will still be ghetto in some aspects watch cyberpunk.
https://www.coindesk.com/business/2024/10/17/sam-altmans-eye-scanning-orbs-can-now-be-summoned-like-a-pizza-say-worldcoin-execs/amp/
I still think that sybils will be made and orchestrated just in a new way. I’m ready to study what happens when people start using crackheads to boost worldcoin IDs to sybil groupthink and spread propaganda.
As much as silicon valley wants the future to be pure white acceleration on top the hyper financialization tiger, the future will still be ghetto in some aspects watch cyberpunk.
https://www.coindesk.com/business/2024/10/17/sam-altmans-eye-scanning-orbs-can-now-be-summoned-like-a-pizza-say-worldcoin-execs/amp/
To be liked, trusted, and respected by others, remember the three needs in relationships: acceptance, control, and emotional connection. To gain respect and attention, consider these aspects in your interactions. Offer matching value to meet others' basic needs before gradually encouraging them to invest in you; this is the essence of building relationships.
I wonder if we can find a "third way" for households through DAOs, similar to the values promoted by Optimism - improving capitalism? This is how AndroAO was born. Update the system - now comes to the household and family, the base of the human society.
**Will Binance List $DEGEN in 2024?**
As the cryptocurrency landscape continues to evolve, the buzz around potential listings on major exchanges remains a hot topic among investors and enthusiasts alike. One token that has garnered significant attention is $DEGEN. With its unique value proposition and growing community, many are speculating whether Binance, one of the largest cryptocurrency exchanges in the world, will add $DEGEN to its roster in 2024.
The criteria for listing on Binance are rigorous, focusing on factors such as project innovation, community support, and overall market demand. $DEGEN has been making waves with its engaging ecosystem and strong backing from a passionate community. The token's innovative features and use cases have positioned it as a contender in the competitive crypto market.
https://polymarket.com/event/will-binance-list-degen-in-2024/will-binance-list-degen-in-2024?tid=1729041760503
As the cryptocurrency landscape continues to evolve, the buzz around potential listings on major exchanges remains a hot topic among investors and enthusiasts alike. One token that has garnered significant attention is $DEGEN. With its unique value proposition and growing community, many are speculating whether Binance, one of the largest cryptocurrency exchanges in the world, will add $DEGEN to its roster in 2024.
The criteria for listing on Binance are rigorous, focusing on factors such as project innovation, community support, and overall market demand. $DEGEN has been making waves with its engaging ecosystem and strong backing from a passionate community. The token's innovative features and use cases have positioned it as a contender in the competitive crypto market.
https://polymarket.com/event/will-binance-list-degen-in-2024/will-binance-list-degen-in-2024?tid=1729041760503
The Jacksonville Jaguars and Chicago Bears faced off in the NFL International Series game at Tottenham Hotspur Stadium in London on October 13. The Bears, led by rookie quarterback Caleb Williams, were favorites with a moneyline of -120 and a spread of -1.5. Despite the Jaguars' recent win over the Colts, Trevor Lawrence and his team were underdogs, with concerns over their defense, which ranks last in dropback EPA and pass rush win rate. The Bears' solid defensive performance, particularly in pass defense, was expected to be a key factor, while the Jaguars' running game, led by Tank Bigsby, posed a threat to the Bears' weaker rushing defense. The game saw significant betting interest, with the total points over/under set at 44.5, and many predicting a close, potentially low-scoring contest.
What would the future of the on-chain economy look like in the early 2030s?
What do you know about Onchainomics?