- instead of abandoning "evil" devs/vcs launching, maybe everyone launching a token and rugging in 30 minutes isn't better
- when we get to the other side, whoever survived will do pretty well
- bitcoin unaffected by any of this
- consistent outflows trumping inflows
- tokens become long term uninvestable since old coins don't have volatility or demand, while new coins having a shortening lifespan
- eth focuses on giving eth whales piece of mind and marginal yield while doing nothing
- projects have to focus on growing revenue to survive until market gets its head out of its ass and realises current market behavior makes it uninvestable for normies
- lots of new rich from sol. extreme risk-on to multiply bags, similar to eth 2017
- everyone begins parroting memes are better while launching them
- old token holders capitulate regardless of price to chase new coins
Recap of the broader crypto market over the last 2 years:
- luna+ftx happens
- people get wiped. lot of ftx funds were recoverable
- all tokens begin tanking as trust was wiped
- god.pdf cabals begin pushing narratives about anyone with influence being a scammer
- don't trust evil devs and vcs, buy memes atleast you know there are no promises
- First cohort executes successfully
- sol begins pumping from large capital buying ftx claims at pennies on the dollar and eventually buying discounted sol from ftx estate
Do not buy the obvious play
Buy into communities people are ignoring
Buy into communities grinding on twitter
Buy into communities with dedicated founders
Study this.
One key element that we tend to forget about defi summer was that since everyone was locked down, there were no conferences and everyone were on-chain building or using the products all day.
Makes you wonder if there's any point to these conferences.
Friendtech pre-airdrop:
Amazing UX, no keys is a 0-100 improvement in key management, app is lightyears ahead of other dapps, no evil VCs
Friendtech post-airdrop:
Windows 95 level app LOL, terrible UX, who even wants to buy keys for such inflated prices, token is a scam
@surfcoderepeat@Brentsketit Maybe instead of:
Inflate to 100% circulating, get rewarded early and last holder loses
Token dynamics could change to:
Start at 100% circulating, deflate to 0%, get rewarded later and last holders win big