I've been speaking to @arkaydeus about his new project over the last week, and it does sound like a banger.... I’ve had the pleasure of working alongside him in PunkDAO over the past three years - he’s got an incredibly sharp mind and builds some great products/tools - As I’m sure many who know him will agree, genuinely one of the true diamonds in the Punk and Squiggle communities (that might be enough glazing for today). As both an NFT bagholder and someone holding various @token_works tokens ( $PNKSTR, $MEEBSTR, $SQUIGGSTR, $DICKSTR, etc.), I think he nails the fundamental flaws in the current model: [1] Taxes can (and are) avoided - over 87.8% of volume routed through “alt pools” yesterday [ Enforcement is key (ideally at lower rates). By not enforcing taxes fundamentally breaks the core concept of the model (the “flywheel”), and makes it unfair for those that provide that optional “tip”. [2] Relisting NFTs 20% above floor isn’t sustainable - it breaks in sideways or down markets. We all love NFTs, but expecting them to rise forever, and on a compounding basis, just isn’t realistic. [3] The current design doesn’t provide lasting value to underlying NFT communities - short-term pumps ≠ long-term alignment. [4] Early exploits and issues have hurt confidence - eg. $SQUIGGSTR isn’t even a Squiggles Strategy anymore… I’m still holding my TW positions for now - it’s an interesting experiment - but until there’s a model that fixes these fundamental flaws, the meta stays broken. Excited to see @MacroStrategy__ Launch