Trust in a trustless system

The Five Ws

When I sat down to write this post, I realized that the things I look for follow the Five Ws:

  • Who to listen to
  • What to look for
  • Where to look
  • Wen 🌝
  • Why? (assessing a project or a person)

Who to listen to

There are a few things to keep in mind when deciding which accounts to follow and which voices to listen to in Twitter Spaces (and elsewhere). The first thing to do is a quick risk assessment on the account.

Accounts impersonating popular people in the NFT space, note the look-a-like usernames and low follower counts

What to look for

When assessing whether or not an account is worth following, scroll back in their timeline a bit and check their recent posts. You’ll be able to do a quick vibe check and get a feel for their posting style.

Where to look

Where you’re looking matters a great deal when it comes to the world of NFTs. In fact, it just might be the most important thing to be paying attention to. If you’re not looking in the right places, you’re gonna be getting secondhand knowledge at best.

Wen Moon

Another thing to be aware of is when various projects are actually set to launch.

Why

In the end, you’ll have to trust your intuition when it comes time to decide whether a given person or project is worth following.

  • Has the creator launched a successful project in the past? This is a major indicator of trust.
  • Is the creator doing something new that takes the technology of the space further? (Dom and Loot Project come to mind here)
  • Has this person given relatively accurate information previously? Remember to re-assess this metric on a regular basis for accounts you follow.

How (to supercharge your research)

Bonus section! Advanced research techniques:

  • Switch your Twitter timeline to chronological order (latest Tweets first)
  • Curate your timeline/notifications. Don’t be afraid to mute or block excess noise
  • Explore the testnet addresses of your favorite creators to see what they’re up to
  • Watch your favorite creator’s wallets, see what they’re aping into*

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