0xEric 📟🌐 retweetledi
Some external people seem to be confused over the reasoning behind the #Y2K migration. Seems like they didn’t read the actual article, so let me explain it in simpler terms.
The reality is most people in this space live in fantasy land. They think it’s always gonna be okay, that no one has to do any work, no one has to take any risks, no one has to actually do anything. They can just hang around, do nothing, wait for market conditions to get better, and things will be fine.
There are those who wait for things to happen, and there are those who make things happen. We at #Y2K are the latter.
Running a project like #Y2K is incredibly difficult. Especially when you’re as ambitious as we are with a lot of things we want to get done, which simply cannot be done without external funding. When there’s no volume on the project, no attention, no community funding, no outside VC investing, that leaves us with two options. Either we die from lack of sustainability or we migrate to a path of longevity. We weighed the risks of both, and the risk of dying was obviously greater than the risk of migrating. So we chose to migrate.
Although the migration process is not perfect and some sacrifices have to be made, I view this as a necessary decision for the longevity of #Y2K and our community. We’ve spent countless weeks talking with all our active community members. They’re 100% on board.
The reasoning is simple. If we want these assets to survive and grow, we need to treat this like an actual business. And businesses need funding and operations. It was not sustainable for me to self-fund this out of my own pocket like I have for the past YEAR because there’s a lot of ventures #Y2K wants to pursue. Clothing lines, physical products, merchandising, hosting events, hire talent, etc. And this is simply impossible to do well as a low cap with no funding.
This is all community led. Being able to have creator fees allows us to sustain and continue to fund these community activities. We had about 66% migration so far, which for a “meme” coin that’s a year old without supply control to begin with + a bear market, is WAY more than average. There were a lot of dead wallets, a lot of dust, and essentially meaningless holders that didn’t actually do anything.
Through the extra tokens earned from the dead wallets, we’ll be able to redistribute them back into the real community via platforms like @Shillz_Official. We can use them to incentivize holders and reward belief, and integrate them with our products.
The lore and history will always be part of #Y2K. It doesn’t matter what people outside the community think. It’s all about the internal community. Our community has never felt stronger. Everyone has been happy about this decision. We’ve had no internal pushback. All the negativity is from outside people who view this and don’t understand the internals of how the renaissance works.
I will gladly take the responsibility and heat of taking risks and making necessary sacrifices. Unlike 99% of other people in the space, we actually care about the longevity of these assets and trying to do something with them. We don’t give up when times get hard, we innovate.
I don’t live in fantasy land. People are scared to take the heat. They don’t see the positives. To them I say, try running a coin yourself. Try growing it. Try sticking with it for over a year. You will see the struggle and difficulty of doing that.
Being able to have a sustainable path for the future is the biggest no-brainer of all time.
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
Renaissance 2.0
Mr.Wzrd 📟🌐@0xMrWzrd
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