Astral Codex Ten Subscribe Sign in AI Art Turing Test … Scott Alexander Oct 14, 2024 159 547 18 Share Okay, let’s do this! Link is here , should take about twenty minutes. I’ll close the form on Monday 10/21 and post results the following week.
In the chaotic world of cryptocurrency, where fortunes can vanish faster than your last slice of pizza at a party, Morpho recently found itself in quite the pickle. Picture this: an official post on their X account, proudly proclaiming that most curator businesses are as self-sustaining as a houseplant that forgot what sunlight looks like. The catch? They quickly deleted that post, leaving many scratching their heads and wondering what on earth just happened.
So, what did Morpho say that was so scandalous? Well, they dropped the bombshell that their own curator business model might not be as robust as they’d like it to be. Specifically, they mentioned that many curator businesses rely on private distribution agreements rather than the vault fees that everyone thought would keep them afloat. In layman’s terms, it’s like saying the ship is sinking because the captain forgot to fill up the gas tank. Not exactly a confidence booster for MORPHO holders, right?
Enter Aave founder Stani Kulechov, who didn’t mince words when he labeled Morpho’s post as the most bearish take for MORPHO holders. Ouch! That’s like getting a paper cut right on the tip of your finger—it stings, and you can’t help but wonder how it happened in the first place.
Now, here’s where it gets interesting. Morpho is blaming their AI marketing tool for the mishap. Yes, you heard that right—a robot might have thrown them under the bus. Apparently, the tool misrepresented their curator model, leading to a post that was, shall we say, less than favorable. It’s almost like saying, ‘Don’t blame me; my computer made me do it!’ Classic.
But let’s take a moment to appreciate the irony. Here we have a company in the tech-savvy world of AI and crypto, relying on a marketing tool that, instead of boosting their image, decided to take a sledgehammer to it. It’s almost like they hired a cat to do a dog’s job—sure, it’s cute, but it’s not going to fetch you anything.
In the aftermath of the post’s deletion, one can only imagine the frantic meetings and hasty communications that ensued. Picture a group of executives pacing around a conference room, trying to figure out how to spin this disaster into something that resembles good news. “What if we say the AI is still learning?” or “Maybe we can blame it on a rogue algorithm?” It’s a tough spot to be in, especially when your business model is already under scrutiny.
As we navigate this wild ride of crypto news, one thing is clear: Morpho has some explaining to do. Whether they’ll come out stronger or just add another chapter to the saga of ‘What Not to Do in Marketing’ remains to be seen. But for now, let’s just hope their next post doesn’t get deleted—because if it does, we might just have to start questioning their entire social media strategy.
So, here’s to hoping that Morpho and its AI marketing tool can find some common ground, or at least agree on what to post. After all, in the world of crypto, clarity is key—unless, of course, you’re relying on an AI that thinks ‘self-sustaining’ means watering a cactus once a year. Cheers to that!
Inspired by: “Morpho Blames AI Marketing Tool for Deleted Post Saying Its Own Curator Business Model is Broken” (r/Crypto)