Protocol Pump Player: The Evolution of PPP

Acknowledging Meow’s Insight

Kudos to Meow for the insightful and thought-provoking series on PPP (Player Pump Player). The idea of transitioning from PVP (Player vs Player) to PPP is indeed visionary. However, while the concept is solid, the practical execution poses significant challenges. The primary hurdle is the necessity to “trust” humans, which runs counter to one of blockchain’s core principles: ”Don’t trust, verify.”

The Essence of PPP

Meow’s series brilliantly outlines the contrast between PVP and PPP. PVP communities are prevalent because they are easy to form; they thrive on short-term gains by attracting new investors, often resulting in the last entrant being the exit liquidity. Conversely, PPP communities focus on long-term success, aiming to ensure that every new participant benefits, fostering a more sustainable and collaborative environment.

Part 1: PVP vs PPP

PVP communities are like fast-food restaurants: quick to satisfy but leaving you with regret later. They thrive on the idea that the last person in becomes the exit liquidity for earlier participants. In contrast, PPP communities are like gourmet meals: they take time to prepare but leave a lasting impression and satisfaction. They aim to ensure that every participant benefits, promoting long-term sustainability.

Part 2: Examples of PPP

Great PPP communities like Bitcoin, Ethereum, and Solana have proven their resilience during tough times. When Solana was at $8, the community worked harder than ever, reminiscent of early Ethereum and Bitcoin days. These communities thrive on mutual support and long-term vision, unlike the cutthroat nature of PVP communities.

More recent examples to come in subsequent posts.

Part 3: Why PPP Matters

PPP is crucial for the long-term health of the crypto space. Without it, we risk devouring each other before achieving any meaningful change. The current incentives strongly favor PVP behavior, leading to mainstream success via meme coins but also fostering negative perceptions. We need innovative PPP mechanisms to offer better alternatives and steer the industry away from cynical PVP practices.

Part 4: The Normalizing of PVP

PVP behaviors have become alarmingly normalized. Practices like giving investors terms to instadump on the community, promoting tokens with the intention of quick exits, and sniping supply pre-announcement have become standard. This normalization of PVP practices threatens the integrity of the crypto space and fuels skepticism.

Introducing Protocol Pump Player

To overcome these fundamental challenges, I propose evolving PPP into “Protocol Pump Player.” This concept builds on Meow’s vision but leverages the transparency and reliability of blockchain technology to eliminate the need for trust in human actors. Here’s how it works:

1. Transparent On-Chain Protocols: Develop protocols that automatically reinvest a portion or even better, all of the revenue (profit) generated back into buying the native token. This guarantees continuous support and appreciation of the token’s value. A dashboard showcasing the state of the economy will show perspective participants the protocols past, current and anticipated future revenues and how this affects the token mechanics, such as buy pressure, burning, adding to LP etc.
2. Revenue Guarantees: Implement smart contracts that transparently and verifiably ensure that a certain percentage of the protocol’s revenue is used to buy tokens. This creates a self-sustaining cycle where the protocol itself supports the token’s value, reducing the risk of pump-and-dump schemes.
3. Assurance Over Trust: By embedding these mechanisms directly into the protocol, we eliminate the need for trust in individuals. The community can have confidence that the protocol will act in their best interests, fostering a more secure and aligned environment

Creating a Real PPP Environment

With Protocol Pump Player, we can create a genuine PPP environment where the success of each participant is assured by the protocol’s design rather than human goodwill. This approach not only aligns with blockchain’s ethos of “Don’t trust, verify” but also paves the way for more sustainable and resilient crypto communities.

Well, That’s Great for Real Projects with Real Utility, but What About the MEMEs?!

Ah, the meme coins — where cute animals and funny memes reign supreme, and the only thing more volatile than the price is the meme quality! But let’s be real: while a cute dog or a viral joke might attract initial attention, it’s often not enough to keep the community long-term bullish. In the fierce competition among meme coins today, they must evolve into something more sustainable — something that embodies the PPP ethos.

Meme coins need to leverage their initial success and community spirit to build something more enduring. This means getting creative on how to monetize the community or a product and then rolling that revenue back into the token economy. After all, token economies are named that way for a reason! It’s about time meme coins matured from being mere jokes to being serious contenders in the crypto space.

Here’s a pragmatic approach:

1. Community-Driven Projects: Start initiatives that the community can rally around. This could be anything from merchandise to exclusive content. Monetize these efforts and channel the proceeds back into the token.

2. Innovative Utility: Introduce real utility to the meme coin. Maybe a decentralized app (dApp) or a unique staking mechanism that rewards long-term holders.

3. Revenue Sharing: Use a portion or all of the generated revenue to buy back tokens (as outlined above). This not only supports the token’s price but also shows commitment to the community’s success.

The reality is that the PVP space will always exist, but it’s a brutal game where 99% of participants end up losing money. Focusing on investing in and becoming part of a PPP community offers a more promising and sustainable path. Meme coins can transcend their transient nature and establish themselves as serious projects by adopting this mindset.

Conclusion

The future of crypto lies in adopting and refining concepts like PPP, but with the robustness of protocol-driven assurance. By transitioning from Player Pump Player to Protocol Pump Player, we can ensure that the communal vision of growth and prosperity is realized without the pitfalls of human trust. Kudos to Meow for sparking this conversation, and here’s to a more transparent, reliable, and prosperous crypto future.

Choose Protocol Pump Player. Your community will thrive, your memes will evolve, and when you make life changing money, the whole community will party together!