$MOB
Heating UpSnapshot Window: 2026-07-18 01:20 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 1, Retweets: 0, Likes: 6, Impressions: 105
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Social is important and will happen on @base , and I’m fully supportive of it. Like @blknoiz06 said, Base needs a strong blend of everything. But the priorities got flipped. We should’ve built the fundamentals first like “factories, restaurants, bars, banks, and housing”. before [Spoken audio]: Base, which is Coinbase's L2 and a competitor comparative point to Robinhood Chain, has been on a path towards pivot for at least the last six months, let's say. This tweet from Jesse Pollak, who's the creator of Base, as you called him, lays it out very starkly. And this is the quote I was alluding to earlier in the episode. He said, the collateral damage talking about this year, how things have gone, has been an exercise in eating shit. He has a whole post about this. He describes the first quarter of 2026 as a punch to the face. What I got out of this episode was Jesse admitting that the social coin, creator coin direction that base was going in and promoting both I guess on the platform infrastructure level though that was a bit more neutral mainly up the app stack in terms of what the base app prioritized what he as a leader of the base ecosystem prioritized this whole creator coin direction. He's saying that was wrong. Either it was wrong. It was Web 3 social. Web 3 social. Either it was wrong because it was too early or maybe it's like wrong because it just like won't work. But it was the wrong direction for the base app and ecosystem. So the forecaster Zora base thing that was very popular last summer that Jesse was spearheading And that looked like it would be the next thing. He's saying that was the wrong direction. What we should have done instead was focused on Internet of Finance, basically. The money types of things, the DeFi, the perps, the trading, these sorts of money primitives instead. And so he's admitting that he was wrong. Also, stepping back from the base app and Coby is now running the base app team. So Jesse is going to be still involved in the base chain itself and the engineering development of that, but now Kobe is taking the lead on the app side of base and is clearly going to be prioritizing perps trading, making this a very friendly environment for that sort of class of person. What did you make of this? Yeah. I mean, the timing of this is absolutely downstream of Robinhood chain, obviously, and Robinhood wallet. And so the context of this is just because, well, why did Robinhood do so well so quickly? No, Robinhood is a gargantuan in and of itself, and so they were always wanting to have some amount of success on their chain. But the timing of this seems to be just because it's downstream of Robinhood's success, which feels like Coinbase is like this should have been our success and why wasn't it our success? Jesse, when everyone was yelling at him to stop doing the creator coin stuff, Jesse he was like, I'm gonna do the creator coin stuff. He was like, it's harder. It's conviction, it's conviction. And like, I don't know, man, you gotta respect that to some degree. Yeah. He took a swing. What was a big swing? He took a very big swing and he didn't listen to anyone. He was like, disagreeable founder, which is bullish. And so you gotta tip the hat to that level of conviction in hindsight now that we have hindsight, 20, 20 hindsight bias, hindsight privilege. Just like, dude, that was so schemorphic. Like social was web two, crypto is web three Crypto is not social, crypto is trading. Maybe. I mean, Jesse would still say, hey, the future is not written. You were just talking about a thing called what is a cash cat and Ansem coin. What is Ansem coin? Well, it's a creator coin. It's in the vicinity. It could remanifest. But I think your point is taken. This was a highly risk, like, conviction-type move. And maybe it would have been better in a startup, to be honest, rather than kind of coin base. Maybe the argument would be like Coinbase should have done the safer play, which has continued to develop the financial use cases for which it was known. Modern media is a mess. Every platform has a bias, but not every news consumer is aware of the platform's bias that they're consuming. That's why when I want to learn the truth, I go to Polymarket, the world's most unbiased news platform. Get your signal from polymarket.com.
