@TXMCtrades I don’t think that’s any more circular than saying demand exists for Google because people expect them to outperform and return capital to shareholders. Same thing with hype, the mechanism of returning capital is just marginally different. All “stock buybacks” vs dividends
@TXMCtrades Yea didn’t mean this as an attack- and I think you’re significantly more economically literate than me so I might be missing something. Demand exists because the protocol makes money which is essentially returned to shareholders via buybacks.
@TXMCtrades I get that there are differences, but it’s the same thing as saying why buy Google stock? Because you’re buying a right to future cash flows. You need to assume Jeff + team don’t hard pivot away from pushing all fee rev into buybacks, but that would be pretty anti the whole ethos
@TXMCtrades I really like your takes/insights usually but not sure why HYPE doesn’t make sense to you?
With the buybacks, It’s essentially non-voting equity in a very profitable company since futurr cash flows will go back into hype. Feels like pretty clean math to value it
@lBattleRhino@CoinflipApe@CharlieEstes8 Would genuinely love to hear your best effort at summarizing why since btc feels like a decent asymmetric bet to me to
Here's the problem with last night's overtime interception. On December 7, this was ruled an interception on the field. Replay review overturned it to a catch. NFL V.P. of instant replay Mark Butterworth defended the decision in a pool report. By January 17, the standard changed.