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ted (not lasso)@ted
10/31/2022

change my mind: X-to-earn projects are red flags 🚩🚩🚩

In reply to @ted
Vib@vib
10/31/2022

Learn to earn can work. Especially if the learning and/or its output can signal value. Imagine Lambda School but on chain, you get paid to attend it, and in return the protocol/application takes x% of your income for y months, up to a max of z. Could work 🤷🏽

In reply to @ted
10/31/2022

What’s your opinion on StepN?

In reply to @ted
Karthik Senthil@karthiksenthil
11/1/2022

If the person is actually doing something net-beneficial to support the network (e.g. liquidity mining to earn) vs. purely extractive, I think it has a chance to work. If its walk to earn, then its DOA

In reply to @ted
Nathan Landman@nathan
11/1/2022

Work-to-earn or lend-to-earn seem to work 😉 Play-to-earn could work if the “work” is masked as “play.” The caveat being that work still has to be work. See: duolingo

In reply to @ted
Giuliano Giacaglia@giu
11/1/2022

💯💯💯

In reply to @ted
Anubhav Mehrotra@anubhav
11/1/2022

Most loyalty programs are X-to-earn. They just don't use that nomenclature.

In reply to @ted
Rusty@rusty
11/1/2022

Also known as: Work-to-earn Give-away-your-data-to-earn Take-on-tail-risk-to-earn Pump-metrics-to-trick-VCs-to-earn Get-diluted-so-think-you're-earning

In reply to @ted
Paul Harshbarger@paulharshbarger
11/1/2022

Agreed not a ton of real utility built into them either “Here’s some arbitrary points” is much less meaningful/enticing than “now you have access to…”

In reply to @ted
Ivy Astrix@ivy
11/1/2022

MLM’s do be that way

In reply to @ted
Kevin Quinn@kq
11/1/2022

I don’t think “red flag” as much as probably a caution flag; requiring for an absolute need to DYOR. We’ve seen that there are some good projects out there with relatively success x-to-earn models. Just need more good actors imho.

In reply to @ted
ian @ syndicate@iandaos
11/1/2022

Important question: why is a project positioned as “X-to-earn” versus earning being a part of their GTM distribution/user acquisition model It’d be like saying a project is a paid-ads startup

In reply to @ted
Mac Budkowski@macbudkowski
11/1/2022

X To Earn is mostly bad. X & Earn can be really good.

In reply to @ted
11/2/2022

Learn-to-earn Its the "Attach-and-Train" Career Conversion Program subsidised by the Singapore government and partnered with financial institutions https://www.ibf.org.sg/programmes/Pages/TFIP.aspx

In reply to @ted
borodutch 💎🤲@borodutch
11/2/2022

agree 9-5 work-to-earn is a scam