used to roll my eyes at the no-token crowd. then i watched three die with money in the bank. you win this round

i came in skeptical because token incentives are how you cold-start a network and you cant just wish customers into existence. but reading it back, i think your real claim is sequencing, that revenue should come before the token narrative not instead of it, and framed that way i actually agree. the failures i remember all inverted that order

controversial opinion having: a business needs customers. wild. but no genuinely youre right and the fact it needs saying is the depressing part

saying it again for the back row. revenue or it doesnt exist

i used to think emissions were enough to bootstrap anything but yeah after watching a few die with full treasuries you kinda have to admit revenue is the only real signal. ok you got me

话是这么说，可没token谁来撸毛？散户就是冲激励来的，你把token砍了人立马走光

i was a token-first guy for the longest time but this thread flipped me 😅 a customer pays you whether or not the chart is green 📈 thats the part i was sleeping on

本来想反驳，挖了两年矿我也烦了那种纯靠emission的盘子。确实有真客户的subnet活得久，算你说对了一半

不同意！没有token哪来的流动性？！光靠一个客户养不活验证人，你这逻辑在bittensor根本跑不通好吧

i wanted to argue but honestly the subnets i still check daily all have actual users. the pure emission ones i forgot about. point taken

THIS. one real invoice beats a thousand holders screaming wagmi. say it LOUDER for the teams in the back

i pushed back on this exact take a month ago and now im quietly agreeing, which is annoying. the subnets that survived my watchlist all had revenue. fine

one paying customer challenge, difficulty: impossible apparently