doublecapp

"The unexamined asset is not worth buying" - me

[doublecapp @0xdoublecapp]

@GEODNET Woah this is great!

Which deck is this from?

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani I run a business as well so I know all this is hard. Startups are hard. You must care about all this deeply since you've been at it so long

I don't think you had bad intentions here but you need to communicate to the community what is right since Helium is a flagbearer of DePIN

[doublecapp @0xdoublecapp]

@0xMetaLight @amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani GEODnet's revenue on that list is the equivalent of "$ paid by carriers"

Don't you think your tweet is misleading investors by comparing them side by side if you think the "revenue" means different things?

[doublecapp @0xdoublecapp]

> there is 0% chance that any $/gb is going to be fixed over time

Yes investors understand margin compression & can live with this. Your business is yours to run. You don't have to live up to anyone's unrealistic expectations

But you have to report numbers accurately & use words like "revenue" as they are commonly understood

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani yes but as an investor I want to know if that $14M is revenue that's increasing month-on-month or decreasing. My investment decisions depend on it

and I'm going to be looking at industry dashboards if it's not onchain or reported by the team

https://t.co/MYB7mdtfA6

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani @JasonYanowitz @MikeIppolito_ These are the same dashboards your own team said are the best place to get protocol financial stats

https://t.co/UQHvMKZT4n

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani @DefiLlama @Blockworks thought it was revenue since they were using it in to compare market cap to annual revenue ratios

Did you correct them?

https://t.co/UI00CGZ9jk

[Nick Carpinito @0xMetaLight]

DePIN multiples are compressing unevenly.

The revenue leaders now trade in a 2-10x band. That's infrastructure pricing, not crypto pricing. The narrative-era names remain at valuations disconnected from the revenue they're producing.

Two implications:
1. The category is no longer fungible. Indexing DePIN means indexing two very different businesses.
2. The rerate, when it comes, will be asymmetric toward the cashflow names, away from the legacy ones.

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani @DefiLlama clearly though it was revenue since they were using it to calculate income

Did you correct them?

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani I mean an onchain way for investors to know the $ amt used to buy & burn HNT since that was meant to be the revenue

If there's no way to infer this by looking onchain, token investors are going to be relying on Blockworks & Defillama dashboards which reported the wrong revenue

[doublecapp @0xdoublecapp]

@0xMetaLight @amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani Did you think it accurately represented market cap to annual revenue multiples when you were posting it?

[doublecapp @0xdoublecapp]

@0xMetaLight @amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani what does "subsidization" mean in the context of revenue?

[doublecapp @0xdoublecapp]

@KryptoInsider1 @helium I really hope you talk about this since shining some light on it would be good for the depin ecosystem

https://t.co/Hl9LS2m0Ec

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani What does this even mean? Why didn't you just remove from circulation the actual $ amount of revenue?

Since there was no onchain buying of HNT, everyone relied on the dashboards, which were wrong. Do you see how everyone thinks you kept revenue reporting artificially high?

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani @JasonYanowitz @MikeIppolito_ These are the same dashboards your own team said are the best place to get protocol financial stats

https://t.co/UQHvMKZT4n

[abhay @abhay]

The @blockworksres team has dug into every onchain, oracle, and hidden dashboard API metric they got their fingers on to provide the most comprehensive view of the @helium ecosystem.

This is probably a better dashboard than we have on Dune. Time to deprecate and redirect?

[doublecapp @0xdoublecapp]

@amirhaleem @gradoj @BidAsk_Spread @aut0m8d @helium @SECGov @fmong @didiomario @KyleSamani Even if this isn't outright illegal, it's really slimy behavior

Do @JasonYanowitz and @MikeIppolito_ know that their revenue dashboards have been egregiously misleading investors?

[doublecapp @0xdoublecapp]

@0xShual gm ser, signed up using your link TY!

[doublecapp @0xdoublecapp]

So much this

Market is a voting machine in the short run, a weighing machine in the long run

A lot of the current buy & burn convo seems to be too impatient with the voting to wait for the weighing

[Mike Horton @mikeahorton]

Short and medium term token price is overwhelmed by market dynamics, e.g., 10/10, "xyzSZN". Nothing to do with the buyback and burn. Also NOTHING do do with the project! A project has to be long-term utility focused and ignore all the web3 vagaries. It is a headache for sure.

[doublecapp @0xdoublecapp]

@mikeahorton @GEODNET Any plans to change the @GEODNET buyback & burn approach or parameters given what's been happening with Helium and Jupiter?