@itsbasil: we built a casino and now wonder why no one wants to stay
AI summary of the linked article@itsbasil argues that token launches on Base follow a repeating cycle in which snipers take control within the first few blocks and tokens fall as much as 75%, and that builders should consolidate around established projects, price out snipers, and build for long-term holders. It also claims Coinbase is moving to go after the entire stack, and cites a creator coin that allegedly drew liquidity from builders as their tokens fell 25% day over day. It further says the ecosystem has spent years rewarding traders over users, while more than 100 builders who have been there since day one go overlooked. |
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