Signalclout #31: $DESO hardforks & engagement drops
Growing amounts of frustration on Bitclout is getting some true fans to second guess their true allegiance.
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Welcome to the 31st issue of the Signalclout newsletter.
Crypto markets continue to swing and remain exuberantly optimistic. The creator markets, on the other hand, continue to yo-yo. There were no significant movements this week that caught my eye.
The one which did was about the network that kicked off this newsletter, $DESO (PKA Bitclout). There have been grumblings about the drop in engagement. That has triggered some people even to consider hard forks of the $DESO chain.
When I wrote Signalclout #14: 1000 True Fans, we discussed building a base to continue growing. We are 17 issues later, and I see cracks in those first 1000 true fans developing. While @nader has spoken about an upcoming hackathon to spur activity, we are seeing up close and personally how difficult it is to build a broad-based community of users.
What $DESO is lacking right now is a wedge to kick off the decentralized social networking revolution. Web 2.0 taught us that products that offer a specific value proposition such as curation of pictures (Pinterest), filters for photos (Instagram), 140 character messages (Twitter), disappearing messages (Snap) is what is needed to build an engaged user base.
In this issue, I cover my thoughts on $DESO and what I hope to see in the upcoming hackathon.