BitClout Platform Pivot

Ethan Brooks shares his perspective on BitClout's future trajectory, emphasizing both its current challenges and potential evolution. His analysis combines both short-term price predictions and long-term platform viability.

• Platform Survival Prediction:

  • Won't disappear completely due to strong incentives
  • Will require significant pivoting to remain viable
  • Current model isn't sustainable long-term

• Key Issues with Current Model:

  • Overvaluation of user-creator interaction potential
  • Overestimation of creator retention
  • Dubious launch methods and forced participation
  • Lack of opt-out options for influencers

• Short-term Price Predictions:

  • Prices will continue rising for next few months
  • Eventually will stabilize
  • Once money withdrawal becomes possible, expect mass migration off platform

• Long-term Evolution (5-year outlook):

  • Won't remain a "stock market for people"
  • May pivot towards decentralized social media
  • Focus might shift to portable social capital ("clout")
  • Could become platform for transferring social following and engagement

• Investment Considerations:

  • Early investors have massive potential upside ($534B theoretical maximum)
  • Investment firms might be involved for protective reasons rather than belief in concept
  • Character assassination protection possible through strategic coin ownership

• Regulatory and Legal Implications:

  • Opportunity for crypto law firms to manage reputation
  • Need for better identity protection
  • Concerns about pseudonymous founder lacking skin in the game

• Final Warning:

  • Many people likely to get hurt financially during transition
  • Platform needs significant changes to survive long-term
  • Current growth model is unsustainable