$ETH
#Ethereum looks to have broken and retested this downtrend. Should we get clean breakout, then I want to see a retest of $3680 from here.
#Alts will also push up.
🤔 ¿Sabías que los mercados de deuda privada y activos digitales carecen de transparencia?
💡 Conoce Synnax: Una plataforma revolucionaria que combina DePIN + AI + blockchain para transformar el acceso al crédito.
🎮 Gana con el tap-to-earn Synquest + airdrop $SYNAI.
🔗 Video completo en el proximo tweet 👇
Privacy is important to sound money, and MWEB development continues to move forward. These things take time.
If you’re going to complain about the progress with MWEB, then let’s talk about the progress with Bitcoin’s privacy layer.
Oh wait…
Defi is Back.
It can get so much bigger than it is right now.
@CurveFinance, @aave, @reserveprotocol, & countless others were building this bear.
Time for these protocols to be put to the test in a bull market that I suspect will eclipse previous ones by orders of magnitude.
Pivot or die?🤷
Gfunk said on the Captain’s Space today that I have “perhaps derogatorily branded” him as “Pivotman”. So lets discuss this a little more in depth than usual as it’s an interesting topic.
Pivotman is a play on Gfunk’s 2021 moniker, Comicman. Which I think started with Hunter’s dad of all places. Gfunk was the Comicman. He embraced the role. Sometimes I’d call him Cartman and he’d get mad.
Firstly, I wan’t to say that I don’t use the Pivotman moniker in a hurtful way. Just like I didn’t use Cartman in a hurtful way when Gfunk and I had funny public banter that often resulted in a mostly funny public outburst from him.
Anybody that puts themselves out here publicly needs to have thick skin. There’s alot of trolls out here. Many are malicious and intentionally hurtful. I don’t put myself in that category. Therefore I’m sorry Gfunk if you find the Pivotman moniker to be derogatory. That’s not my intention.
Now on to the substance of what it means to pivot. Which is a pretty unique phenomenom to crypto. Meaning that in other industries you typically don’t see leading companies changing strategies often multiple times within a quarter.
The reason to not pivot is simple. It’s extremely costly and creates excrutiating delays and also drives employees to the brink of insanity. Not good for morale. While companies tend to embrace new tech like AI for instance, only really the peak promoters will entirely pivot to AI or blockchain for instance. Like what we saw during the 2017 crypto bull.
These very public pivots are typically done by companies that have no business model to begin with but desperately need to pump the company stock price. Sometimes it works. Mostly it doesn’t.
And on the odd occasion it actually turns into a real business like Marathon Digital and Riot Platforms. Both of whom are now pivoting to the more trendy AI from earlier pivots blockchain. Marathon was in the trendy patent business before blockchain of course.
But for a non-publicly traded startup I can tell you as an investor involved with @gmcapital_ that I certainly would not want to be the one funding constant pivots. And I get that narratives change quick, and there’s a real chance that if you don’t pivot you will die, as Gfunk stated.
But alternatively if you’re constantly pivoting then it becomes extremely costly and you may have just pivoted away from the right move to the wrong one. That’s the worst possible scenario for an investor like me.
For instance, BAYC started with a vision to be a club of like minded NFT enthusiasts. And several years later we still don’t have that IRL clubhouse because the company pivoted to go all-in on metaverse which was the 2022 buzzword and now it’s pot committed and past the point of no return forced to try to deliver a product outside its initial vision and skillset. Which has effectively destroyed the value of the company for its investors.
This isn’t a slight at Yuga. Garga has been very transparent as to what went wrong and is out there trying to right the course. And there’s many such examples and most have simply given up. So props to Garga and Gfunk for at least trying and continuing to build.
One company that never pivoted despite calls from literally everybody to do so was Doodles. It stayed the course. It knew animation was its competitive advantage. And after 3 years of fud it’s finally proving that it made the right call from the start.
Some companies pivot owners. Like when Luca took over Pudgy Penguins from Cole. Obviously was a phenomenal pivot. And Luca has kept a consistent consumer focused strategy since day 1. And now the narrative has shifted to consumer crypto. Impeccable vision right there.
Curious to hear people’s comments about pivoting. Has Gfunk pivoted too much or was the pivoting absolutely necessary to keep his company relevant? And while we’re on this… Gfunk, please don’t forget the comics! I’d love nothing more than to call you Comicman again.🫡
Discuss below👇
The latest Trump sent “Russia, Russia, Russia” our Covid tests hoax has to be the most hilarious and desperate of them all.
There is not a single instance of an American dying because they couldn’t get a Covid test.
The U.S. had an overabundance of tests. So much so, they were expiring and getting chucked in the garbage. My nephews were chasing each other around the house with them.
NEVER LEAVING SHILLS!
I HOLD OVER XX,xxx SHARES IN TWO DIFFERENT ACOUNTS NOW.
I HOLD ENOUGH SHARES FOR MANY, MANY OTHER APES.
AMC TO THE MOOOOON!!! 🚀🚀🚀
$AMC #AMC
🉑GM おはよう
Shoutout to all the builders out there who keep pushing through even when the weather is against them! Your dedication to your craft is truly inspiring.
一緒に強くなる
#BuildersStayBuilding#RespectTheCraft 💪🏽
🌟2024 में #Flux को आगे बढ़ाने वाले नवीनतम नवाचारों की खोज करें!
फ्लक्सओएस के उन्नत एप्लिकेशन प्रबंधन, बेहतर प्रदर्शन अनुकूलन, फिएट भुगतान के साथ सहज एकीकरण और बहुत कुछ का अन्वेषण करें।
हमारे नवीनतम लेख में गोता लगाएँ 👉 https://t.co/AGGBzYMITp…
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