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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

2022-06-01
• 13 days ago
VIDEO

quoted repost

nader Profile Photo
nader
2022-06-01
• 14 days ago
Good question. I expected, and still expect, @DAODAO to be a "slow start," certainly when compared to something like BitClout. We deliberately eschewed controversial growth hacks with DAODAO, focusing instead on a "low and slow" approach. So the fact that $DAODAO is trading well above the NFT round, and the fact that usage appears to be growing week over week is "above expectations" in my opinion. It's also worth noting that DAODAO is very different from BitClout in one key way: DAODAO can grow "incrementally" by onboarding DAOs one at a time, whereas BitClout only works if you can build a single "monolithic" network all at once, and very quickly. In "The Cold Start Problem," Andrew Chen describes the concept of an "atomic network," which is the smallest number of people needed for a product to retain users. For example, in the case of Slack, the "atomic network" only needed to be a few people in order for a group of users to keep getting value out of Slack. So to compare DAODAO and BitClout using that parlance, each DAO on DAODAO is an atomic network that can be onboarded and sustained individually, whereas on BitClout, the only atomic network is the entire user-base, and if that doesn't get to a near-Twitter-sized critical mass quickly, then it can't continue sustain itself against the alternative networks. When you consider this fact, it becomes clear that the best shot at making a BitClout-like product succeed against something like Twitter is to pursue an "all or nothing" approach. I think I understood this intuitively at the time, which is why we made the decisions we did around our growth hacks. All this means that it's OK for DAODAO to launch with a "low and slow" approach, both because it's very different from other products on the market *and* because its atomic networks are much smaller. DAODAO could be quietly launched for several months and then have some random DAO go viral, onboarding thousands of users who will discover it, follow people, start investing in other DAOs, etc... Each DAO is like a mini-BitClout launch, which means we get thousands of "at bats," resulting in an extremely asymmetric situation for the platform in the long run. Just to draw another parallel, the above mirrors the properties of OpenSea as well. With OpenSea, every NFT project that launched on it gave it the potential to attract thousands of users if successful. Viewed through this lens, it was only a matter of time before something like CryptoPunks or Bored Apes propelled it to dominance. The antifragility of OpenSea is exactly what DAODAO possesses, but for the "next primitive," namely DAOs. Last, I'll make one more comment on how "investors" might view products like DAODAO. In crypto, there's historically been a dichotomy between "picks and shovels," which tend to be commoditized products that help users achieve something, like "crypto tax software," and "network effect plays," which become more dominant the more that people use them. "Picks and shovels" plays tend to be viewed as less risky but less upside: You're providing clear value, and so you'll be able to make at least *some* margin on it. In contrast, network effect plays are extremely risky because they're so hard to bootstrap, but they're the "holy grail" if you win because they are the opposite of a commodity. DAODAO is in the unique position of having the antifragility of a "picks and shovels" play, but all the upside of a "network effects play." To founders, DAODAO is a "pick and shovel" thing (and the best one on the market by far IMO)-- but simultaneously every DAO that launches brings investors, builds out a follow graph, bootstraps liquidity, and *strenghtens* the value proposition for all future DAOs that go shopping for DAODAO's "picks and shovels" services. This is pretty much fully enabled by DeSo's on-chain social features, which is why I was saying earlier that DAODAO can't really succeed without bringing the DESO blockchain with it. TLDR: DAODAO is a "network effects play" with the adoption risk of a "picks and shovels" play IMO. So I would expect it to grow "low and slow" until a nexus event blows it up (i.e. a killer DAO launches on it similar to how Cryptopunks or Bored Apes blew up OpenSea). PS: Wen Zirkels DAO? :)
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yeah, and we also don't need blue checkmarks so we should just get rid of them. who needs em! and that dislike button, i know it's still coming Q1. seems like somebody wanted someone to jump in and say they thought repeating the bitclout growth hack would be a good idea, but i don't know. i guess you do say things you don't mean so how could anyone actually know, even if you put a lot of thought into it. i mean, just think about it. think about it. think about how powerful it is.. one of my favorite clips, ty^^ <3
Randhir Profile Photo kitty4D Profile Photo kitty4D Profile Photo Randhir Profile Photo kitty4D Profile Photo kitty4D Profile Photo spanishclub Profile Photo
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Randhir Profile Photo
Randhir
2022-06-01
• 13 days ago
Now you are FUD'ing my DAODAO bags. ;-) Was this some internal discussion video you got access to? I guess they changed strategy after thinking through it which for me is a good sign because it means that @nader doesn't call all the shots in the core team. Or maybe @mossified changed strategy because it would make DAODAO also to be tagged a scam & connected to the BitClout hack (3rd point in the doc). Or maybe they decided to go slow because the Crypto Dip hit. I know many projects that deferred their token launch because of the dip. Good for us.
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kitty4D
2022-06-01
• 13 days ago
it's a youtube video that was made for just the team that he made public, i don't know how anyone discovered it but then i got it, recorded it, and noticed that the URL to his google doc was visible enough for me to type it and that's how i got into all their docs. he put the video back online the other day, i actually let them know about it. feels like all i do around here is help catch issues. apparently that email thing might have been a really big deal if i hadn't caught it for them. from now on, i keep things to myself i think. better for me.
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kitty4D
2022-06-01
• 13 days ago
haha no i don't think the video says anything negative about @DAODAO i just didn't particularly think what he said about deliberately not wanting some big growth hack was truthful and his blue checkmark post yesterday seemed disrespectful so~ and i also love deso, but i'll always call out that 100+ apps is a weird thing they say, that owning your content is not true, that no other blockchain has file storage is incorrect, and that no other place has negligible gas fees is not true. i think the truth is better for promoting it, for retention's sake.
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Randhir
2022-06-01
• 13 days ago
I'm similar ... so I understand and agree. Truth is powerful and there are enough benefits that can be highlighted without being dishonest. :-) I have been called the person who creates FUD, despite all I have contributed to the platform, by 2-3 members of the core team just because I say it like it is and don't do what all the hype-boys do. I'll live with that though because I know what I am doing is important and the core team has started to listen, respond and collaborate with the community probably because of the role we've played.
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kitty4D
2022-06-01
• 13 days ago
oh, i mean, the thing with FUD is it requires uncertainty, right? and what i do is call out a person like @nader when he contradicts himself. i make thing certain. so, to call anything i do FUD is to say that i'm not being clear, and i'm always happy to explain in more detail if needed :D
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kitty4D
2022-06-01
• 13 days ago
*i make things bah
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spanishclub
2022-06-02
• 12 days ago
😂😂😂 @kitty4D where did this come from? I’ll be reposting this on my personal acct later. 🔁
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      Body: "Good question. I expected, and still expect, @DAODAO to be a \"slow start,\" certainly when compared to something like BitClout. We deliberately eschewed controversial growth hacks with DAODAO, focusing instead on a \"low and slow\" approach. So the fact that $DAODAO is trading well above the NFT round, and the fact that usage appears to be growing week over week is \"above expectations\" in my opinion.\n\nIt's also worth noting that DAODAO is very different from BitClout in one key way: DAODAO can grow \"incrementally\" by onboarding DAOs one at a time, whereas BitClout only works if you can build a single \"monolithic\" network all at once, and very quickly.\n\nIn \"The Cold Start Problem,\" Andrew Chen describes the concept of an \"atomic network,\" which is the smallest number of people needed for a product to retain users. For example, in the case of Slack, the \"atomic network\" only needed to be a few people in order for a group of users to keep getting value out of Slack.\n\nSo to compare DAODAO and BitClout using that parlance, each DAO on DAODAO is an atomic network that can be onboarded and sustained individually, whereas on BitClout, the only atomic network is the entire user-base, and if that doesn't get to a near-Twitter-sized critical mass quickly, then it can't continue sustain itself against the alternative networks. When you consider this fact, it becomes clear that the best shot at making a BitClout-like product succeed against something like Twitter is to pursue an \"all or nothing\" approach. I think I understood this intuitively at the time, which is why we made the decisions we did around our growth hacks.\n\nAll this means that it's OK for DAODAO to launch with a \"low and slow\" approach, both because it's very different from other products on the market *and* because its atomic networks are much smaller. DAODAO could be quietly launched for several months and then have some random DAO go viral, onboarding thousands of users who will discover it, follow people, start investing in other DAOs, etc... Each DAO is like a mini-BitClout launch, which means we get thousands of \"at bats,\" resulting in an extremely asymmetric situation for the platform in the long run.\n\nJust to draw another parallel, the above mirrors the properties of OpenSea as well. With OpenSea, every NFT project that launched on it gave it the potential to attract thousands of users if successful. Viewed through this lens, it was only a matter of time before something like CryptoPunks or Bored Apes propelled it to dominance. The antifragility of OpenSea is exactly what DAODAO possesses, but for the \"next primitive,\" namely DAOs.\n\nLast, I'll make one more comment on how \"investors\" might view products like DAODAO. In crypto, there's historically been a dichotomy between \"picks and shovels,\" which tend to be commoditized products that help users achieve something, like \"crypto tax software,\" and \"network effect plays,\" which become more dominant the more that people use them. \"Picks and shovels\" plays tend to be viewed as less risky but less upside: You're providing clear value, and so you'll be able to make at least *some* margin on it. In contrast, network effect plays are extremely risky because they're so hard to bootstrap, but they're the \"holy grail\" if you win because they are the opposite of a commodity.\n\nDAODAO is in the unique position of having the antifragility of a \"picks and shovels\" play, but all the upside of a \"network effects play.\" To founders, DAODAO is a \"pick and shovel\" thing (and the best one on the market by far IMO)-- but simultaneously every DAO that launches brings investors, builds out a follow graph, bootstraps liquidity, and *strenghtens* the value proposition for all future DAOs that go shopping for DAODAO's \"picks and shovels\" services. This is pretty much fully enabled by DeSo's on-chain social features, which is why I was saying earlier that DAODAO can't really succeed without bringing the DESO blockchain with it.\n\nTLDR: DAODAO is a \"network effects play\" with the adoption risk of a \"picks and shovels\" play IMO. So I would expect it to grow \"low and slow\" until a nexus event blows it up (i.e. a killer DAO launches on it similar to how Cryptopunks or Bored Apes blew up OpenSea).\n\nPS: Wen Zirkels DAO? :)",
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