Thoughts on Caffeine

I’m not speculating, this is how it will work.

It will have a subscription based model, every product need to generate revenue come one people, you don’t understand this because you are not entrepreneurs.

The devs should be paying for cloud services on ICP ? OF COURSE, what do you expect to be ? Free?

And I’ will be paying a monthly fee if the product is good enough, didn’t you see REPLIT generated 100M ? This is where the money is, charged for the service and also for the computing resources provided by ICP network,
All of this should be made in a way that ICP token buys, gets abstract away via credit card, but being bought on the background and then automatically burnt.

This is how I envision the caffeine product in the long run, but to get and capture people’s attention the product should be free (subsidized) the first 6 months or so, once we get engagement and we have get loyal customers, and they have found utility on this product, we can implement ICP token buying for subscriptions and for cloud services (canisters/cyles)

You on X @Zforever97 , i dont see anything you built, no mentions there.

Soon you are, that is when Russia attacks NATO.

Does anyone know if Caffeine can only build Internet Identity login into app or it can add BTC wallets and SOL Phantom wallet too? New people coming in will want to add chain wallets where they come from.

Yes i mind. I don’t share publicly anything related to my personal life.

If you have a good project idea that requires ICP and web3 and are disappointed with the DFINITY GRANTS program, then why not just seek investment capital elsewhere and not be tied to all the compliance required for DFINITY GRANTS? There are so many options these days esp. with ChainFusion supporting Solana and soon Base and Liquidium.fi is leveraging both web2 and web3 technologies to their own benefit. There are still some limitations that have not fully been solved for on ICP like the 6GiB limit despite the WASM64 rollout. Also what about standard VC’s or even Kickstarter?

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Real successful apps are out of twitter man, is not about fanboys and cheerleaders all day on crypto twitter, users are actually using the tech.

I’m not talking about niche things

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So what happened to Stakedog Sam? or David? or both of you?
Did you kill it?

And I can see you are blaming DFINITY and the community.
And I can see you are extremely bitter about all of it esp. with all the caps.

You know for every 100 ideas, VC’s turn down like 99 so why should DFINITY be any different even if they have set aside “hundreds of millions” just like the VC’s set aside billions?

Not every idea is a great idea.

And yeah there has been serious waste in the community and there still is some but I don’t think DFINITY set out to purposely waste funds. The grants program and the SNS and the Hubs may have led to unscrupulous types who figured they could leech off essentially “free money” and get away with it just like the majority of crypto has attracted mostly criminals and moochers producing little to no value.

Yes, ideally the best ideas and the best teams should be funded.

The way I feel about all this having been a serial entrepreneur my entire life is that if you truly believe in your idea and its potential to make money then you don’t let anything stop you from getting it done whether that be needing to give some of your equity away or having to borrow funds or having to raise funds in other ways or even financing it yourself. In fact, if you finance it yourself, then you don’t need to do an SNS launch at all and you keep your dapp private and you have full control.

ICP, DFINITY, or not, all entrepreneurs face similar challenges regarding capital.

As for Caffeine, yes, there is competition in web2 however since it is being integrated for UTOPIA and enterprise use as well as being release to individuals, this should hopefully make it cheaper and faster to prototype ideas and to flesh them out so that you can get your pitch deck made in order to pitch investors on your idea and use case whether that be defi or whatever you feel will produce a lot of revenue.

The fact that dapps produced on ICP will retain data upon updates is niche as well as the simplified stack. I believe they will also have this working with Rust in addition to Motoko eventually as well.

Personally, I believe DFINITY is focused and on the right track to get people to consider building on ICP as well as UTOPIA going forward and it is all bullish imo.

If I was disgruntled like you guys and James Allan and Omar Salmeron who has nothing but bitterness to expend here on the forum and elsewhere for not being granted or having community support, then I would be biased in a negative fashion. Remember the saying is “fail fast” and DFINITY has made mistakes no doubt however ultimately I believe they are on the right track despite all the criticisms.

I’m sorry you feel left out. I’ve had many businesses or projects that I put a lot of effort into that ultimately didn’t work out. I’ve never given up though so if you guys have given up, that’s on you.

Being cry babies that DFINITY has not treated you fairly doesn’t move you forward in business or in life. You made the decision to fail by not wanting to give up any equity to outside investors many of whom would be better for your project than DFINITY even. Many of whom would not let you try to “organically market” and instead would lead you to faster success with real marketing dollars in use.

Thank you for the feedback but your negativity and bitterness are not useful for the community or for yourselves.

Sometimes you have to take difficult decision, and one we took was to spend our time and build somewhere else, and money was not the motivator for that decision.

About retaining full control of an app, you can do that with a wedding planer, but if you want to build a DeFi app aiming for billions under AUM, its simply not possible for institutions to invest.

Then you also have to consider, the regulatory landscape is extremely different, for an application which is centralized and one that is decentralised.

I will stay in crypto and build, which I have been doing for many many years, but for now at least I prefer to build somewhere else where DeFi have a better chance of thriving.

Could you provide one example. I’d be interested in inspecting those claims, particularly regarding where some sort of fault lies.