le9edo

As promised - the biggest day for DeFi this decade: - THE LITERAL SEC posted a thread on DeFi and how American values of liberty, privacy, and innovation are in the DNA of DeFi. Chair Atkins signaled that the SEC will treat us favorably. - New crypto tax guidance rumored to be included in the BBB (via reconciliation possibly) leaked...and it appears they're finally going to treat staking, mining, and airdrops in a commonsense manner that I've been advocating in favor of for years. No tax on staking rewards until sold at market opens up IMMENSE possibilities for composable onchain products. It's a huge deal - Plasma. They filled a $500m cap in less than 3 minutes today. There is immense desire and capital demand for token sales/ICOs/Lockdrops/whatever you want to call them for REAL PRODUCTS and APPLICATIONS that are trying to solve actual problems. We're finally getting regulatory clarity...I don't think many of you realize how silly this can get in a hurry. And all of those things happened in the last 24 hours. Unbelievably bullish for the future of DeFi (and Ethereum). Moon that

Smart Followers - what matters and what doesn't I saw a *ton* of really uninformed (intentionally or unintentionally) takes about smart followers and other metrics this week, mostly prompted by discussions about Loudio and engagement farming generally. Tons of new social platforms are adding this metric from their own algorithms. It's worth understanding. Some of the posts I'm sure were bait, but given where some of it was coming from, I also think probably indicates a broad lack of understanding. Gonna try to give a few high level thoughts (that I believe are truths) here...and answer questions/follow-ups throughout the day. 1) Smart Follower count is NOT a perfect proxy for the quality of your content This really shouldn't need to be said, but nobody serious is telling you that you're a bad poster or good poster or whatever *because* of your smart follower total. The number itself says FAR MORE about your audience than about you. Given that the only thing that will matter in creator land at some point in the not too distant future is CONVERSION (and possibly entertainment), your audience composition does matter a LOT for monetization purposes. That's why we even care about this number in the first place. 2) Smart Follower count is a pretty good proxy for explaining account growth Again this shouldn't need to be said, but it's extremely straightforward to tell various things with a large degree of confidence based off of three things: 1) total followers, 2) smart followers, 3) 2 minute review of person's posts. There's a few archetypes in CT these days: - shtposters - you know these people. They've got accounts of varying sizes. They generally have middle of the road follower/smart follower ratios, variable depending on how good they are at shtposting/humor - quality analysis/value-add posting - you also know these people. They generally have the best smart follower ratios, because their audience was primarily built by providing value or talking about useful things in a way that they attracted a serious audience. There is a heavy correlation between people interested in unique, valuable, insightful comment (as an audience) and being tagged as a smart follower. - giveaway accounts - you also know these people. Generally speaking they have the worst relative follower/smart follower ratios, and it's not surprising. The vast majority of these type of accounts don't really offer anything of value, but they regularly dangle carrots (supposed WL giveaways, announcements of alpha...but then never really providing alpha, etc) that trick/attract a low value audience (or bots trying to game giveaways). Given those archetypes, a quick look at their ratio against a heat-check of their 30 most recent posts should give you a pretty good idea who falls in what buckets. One caveat here is that a lot of NFT-bubble accounts will have extremely large follower counts relative to smarts. Most of the time that isn't because of giveaways and cheap engagement tricks...it's just because those times were different and a lot of their following went dead when the bubble collapsed, but the numbers remained. Was going to write a bit more, but I think that does it for now. Tl;Dr: Count =/= Quality of poster (but it does give you an idea of the quality of their audience for monetization purposes). Ratio does give insights into how they built their following. Stay Loudio (for 24 more hours)

If ETH doesn’t win, all other alts are turbofkd forever. Everyone should cheer on ETH