@ZoomerOracle It's not that simple.
Market is fragmented; high end graded does not move the same as raw mid/low end (investors vs players + amateur collectors).
The latter is much less risky, volume and prices remain stable. As long as the IP is strong there's money in cardboard.
@____Vinci@alpha_pls@Loopify As @dogoshii once told me: Stop thinking about how stupid something is and just lean into it. Some of the best financial advice I ever got lol
@____Vinci@alpha_pls@Loopify I steer clear of the upper market stuff anyway, getting great margins and volume on 5-100 euro cards so will stick to that, less risk in terms on continuity and fakes yeah.
@alpha_pls@Loopify A retorical question yeah. I've seen the "it's just like NFTs" take quite often recently and it holds no water. Everything hinges on the Pokemon brand though (which I don't see faultering any time soon).
@alpha_pls@Loopify Why would this apply to TCG, when things like Baseball cards have been around for decades?
Humans like nostalgia and to collect, simple. Stamps, coins, sugar packets, memorabelia, anything. It's human nature
As long as the Pokemon IP exists, the TCG will be fine in the long run
@linkwarrior7 Deaths in 1992 LA Riots: 62.
Total damages in 1992 LA riots: $1 billion (in 1992 money).
Current deaths in Paris: 2.
Current total damages in Paris: $100 million (in today money).
Wow those guns really helped.
@gammichan@0xShual Remember the Ford Pinto? It's just the natural course of innovation, first things are risky and expensive, then they get engineered into safe and affordable (if there is a market for it).
@0x_zKfbg Doesn't change the fact that there are dozens of tokens with the exact same drizzle down chart that link was only to go parabolic after. "bro look at the chart" is tarded.
@biscuitbit Quit around 8 years ago after smoking several grams per day for about 16 years.
Just gotta get through the first two weeks of shitty sleep and you'll be fine.
Study the "Rat Park experiment". The substance isn't the challenge, you just have to change your cage. You got this.
The birthplace of DeFi is shutting down!
Synthetix Discord was THE PLACE to be in 2019. So many blue chips of DeFi summer started there. Ideas were formed, knowledge was shared, we were off to change the world...
Aave, Curve, Optimism, Illuvium, Infinex, xToken, Kwenta, Derive, dHEDGE... So many projects were kicked off from that Discord.
$6 memes, Garth’s promised (and rugged) boat party to celebrate it all, Hobo Joe, Nikhil, the great trolls whose posts were ironically filled with insights, Spartan Council... My interactive Discord bots, before anyone had Discord bots and AI was a thing... It will all always have a special place in my heart.
There would be no Overtime, and I wouldn’t be where I am professionally and personally, were it not for Synthetix and that very Discord.
Alas, the greats have fallen hard. Not many have paid the price of vesting coming to an end as much as Synthetix. As soon as DeFi summer started winding down, no team member from the original crew was left, at least not in a full-time capacity.
The downfall has been slow but steady. Honest attempts were made to drive it forward in the meantime, but without proper guidance and direction, all failed and missed their chance. So in nutshell, it's been constant bleeding over five years.
Atm, it’s a ghost town:
- No one knows who is even on the team anymore, if there is a team.
- sUSD has been wound down, with holders promised vested SNX.
- The treasury seems to be out of runway and offloading SNX and INF to pay wages (To whom?!)
- Discord is dead. No proper comms on the path forward, just vague messages about things in store.
Synthetix and its first team taught me DeFi, the values of a DAO, and the ethics of how to spearhead a community-owned protocol.
Alas, I fear I might be the only one still adhering to those values these days.
As for Synthetix, it might be time to call it a day and spoil the good memories no further.