Listened to the $BUMP space – Wanted to share a few thoughts:
On token utility:
Speculators want to bet on the success of the startup.
They don’t want:
1) A memecoin uncorrelated with the company
2) Dilution from weird “post-to-earn” mechanics
To achieve this, simply accumulate $BUMP with business revenue as soon as you are profitable and keep it on your balance sheet (don't burn).
Become the $MSTR of your own currency.
Crypto-native projects using this model: $HYPE, $RAY
This could become a modern VC alternative — bootstrapping via trading fees and cycling the upside back to tokenholders.
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On capturing trader-native behavior:
We value privacy.
Most of us prefer to stay anonymous — especially after publicly flexing 8 figures.
Stories of kidnappings and physical threats are ever present.
So when you talk about “taking crypto kids out to the club,” keep in mind:
Yes, we want real connections — but it has to happen on our terms.
If you can solve for that, you’ll scratch a very real itch.
Also: we love the profile images.
Maybe a solution would be to use them instead of selfies?
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- for reference @MilesFeldstein