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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, Former Camgirl
aka @kitty4Do, $kitty4d
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Post by kitty4d

2022-07-17
• 5 days ago

quoted repost

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DiamondVC
2022-07-17
• 5 days ago
5 people who participated in our small flash mob received investments in their creator coins. I could afford to invest in 5 more creators who will drop their FR to 0. If you would like to participate in this then write about it in the comments under this post. Tomorrow, by the end of the day, I will select the most suitable candidates, guided by your history on Deso.
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i did a big write-up on how it's not so great for either the buyer or the creator to have an FR of 0%. about a week before raj left the platform. i said anyone asking for people to do this was likely to be bailing soon. and, yeah, crazy! a seller looking for a lot of 0% FR coins could be looking to exit the platform and wants to try to make some quick money - they just won't buy into coins with existing holders who look like they'd rug them first ofc, which any buyer presumably would do regardless of your FR%. so they hope for other people to buy in after, because they are trying to maximize their chance to either sell for a profit or simply break even worst case. a buyer who has 0% FR could also be looking to hook in some buyers to appear more legit down the line. if you believe in the reason why you are even selling your own coin, why give up the only good thing about it? people buying in at 0% will make it more difficult for people who believe in what you're doing to buy in, who might have been happy to support you with your FR% left untouched. as a buyer, i don't know why you'd want to "invest" (not really invest of course, that term is prohibited strictly, i'm using it for entertainment purposes only - and that, i guarantee) in a 0% FR profile. that's a gimmick like a furniture store "going out of business sale" or something. someone who is confident about what they're doing also knows that they deserve to get a little something off the top of whatever the people speculating on their profile get. but, obviously there can be legitimate reasons for it. but this is deso, and more likely than not, someone is up to something. with that in mind.. or rather, it seems like a bad idea to not always have that in mind. what do i know though. this is not financial advice, it's something i heard out my window and i just figured i should share it here. weird story right? all of that, heard through an open window. like, who would be talking about this stuff so late at night outside my window?
Tigerius Profile Photo kitty4D Profile Photo DeSocialWorld Profile Photo Tigerius Profile Photo DeSocialWorld Profile Photo
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comments

Tigerius Profile Photo
Tigerius
2022-07-17
• 4 days ago
Thank you for this interesting post, @kitty4D . I am new to DeSo and have so much to learn, could you please point me in the direction of creator coins 101? What does FR stand for? Also, how did you manage to post such a long post in one go?! :)) @DiamondVC it's awesome that you are able to support so many creators. How do creator coins retain their worth and appreciate in value? i.e., am I accurate in the assessment that you're making an investment by holding these coins... this is not philanthropy, right?
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kitty4D Profile Photo
kitty4D
2022-07-17
• 4 days ago
i use @DeSocialWorld to make long posts/comments. https://desocialworld.com - you can simply replace diamondapp in the URL in your address bar with desocialworld and you'll be magically taken to the same place. FR= Founder's Reserve. this is basically your cut off the top when someone buys into your coin. with FR 10%, if you buy $10 of my coin, i get $1 in my wallet and you get $9 of my coin. the ONLY other way a creator can earn off the coin, is to sell it themselves. which, depending on how you do it, can brand you a rug puller. i've never sold mine.
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DeSocialWorld Profile Photo
DeSocialWorld
2022-07-18
• 4 days ago
@Tigerius Being new to #deso we advise you to follow: - @Krassenstein because their daily videos will keep you up to date on what's going on in the deso ecosystem - @Web3Simplified because of their explainer videos - And @DeSocialWorld us, to get in touch with our awesome community
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Tigerius Profile Photo
Tigerius
2022-07-19
• 2 days ago
I was already following you and @Krassenstein but thank you for suggesting @Web3Simplified I'll spend tomorrow going through his videos. I bet that most of my burning n00b questions will be addressed there. I am very grateful for the warm welcome I am receiving and impressed at how passionate and proactive this community is about promoting DeSo. You've got the right energy here, Friends! DeSo is a LOT more complicated than Web2.0 products, but I've been sold on the Web 3.0 idea before arriving here. I'm sure I'll continue loving it here! :)
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DeSocialWorld Profile Photo
DeSocialWorld
2022-07-20
• 2 days ago
We're so happy to hear that. We hope you make a lot of friends along the way here. And that you continue to love it here
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