Agreed. "Scarcity" — be it via deflation or otherwise — doesn't amount to squat unless you have something people want to own/stake. An "earning and selling" mindset will still kill you.
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Agreed. "Scarcity" — be it via deflation or otherwise — doesn't amount to squat unless you have something people want to own/stake. An "earning and selling" mindset will still kill you.
Look at literally every single social Hive layer-2 token.
The model just isn't sustainable unless the front-end is monetising the content that they're printing to pay creators for providing.
Fact!
But it's probably an issue across much of Web3Land: Your token is not your PRODUCT. You have to have an idea/product/value-add that you tokenize. The token is merely the fuel for the product.