Introduction
According to Odaily, Jupiter’s co-founder, known as Meow, has shared his views on user-generated currency (UGC) on platform X.
The Power of UGC
Meow described UGC as the most potent and fastest mechanism to date, capable of unifying completely random groups of people economically, financially, and ideologically. He argued that the lack of practicality and infrastructure is a feature, not a flaw, enabling talented community builders, capital fundraisers, and narrative disseminators to launch a project without technical accumulation or professional knowledge.
Potential for Misuse
However, Meow also acknowledged that this ‘feature’ could easily be misused. Given that it only requires people’s will, it can be easily counterfeited through a series of mechanisms, especially in an era where identity is defined by wallet addresses and social media bots. Defining ‘people’ becomes challenging, and when free money is promised, a large number of real people can be activated.
Misuse vs. Promise
Despite this, Meow stressed that we should not confuse misuse with promise - even if there is misuse, the promise is real.
Industry’s Role
The industry must figure out how to fulfill this promise and curb misuse, Meow stated, expressing his absolute certainty that this will happen. He anticipates endless experiments, platforms, and people trying to solve this problem.
Focus on Long-Term Solutions
As long as we focus on participants and communities involved in long-term Participant-Platform-Protocol (PPP) and avoid dealing with those involved in Participant-Value-Protocol (PVP) for quick money, he is confident that we will collectively solve this problem.
Conclusion
Just as User-Generated Content (UGC) ushered in a new era of human interaction, User-Generated Money (UGM), if fortunate, can do the same.
