@0xSoju this requires explicitly incentivizing long-term hodling, which sooner or later must take the form of some cash flow stream. in the absence of some kind of cash flow stream (ex BTC, which is unique), the speculative value decays over time and the chart grinds lower.
Money isn’t real, it’s a shared hallucination we chase while our lifetimes slip quietly away. We trade our only true currency — time — for abstract numbers, pixels, and paper illusions. We live entire lifetimes stacking imaginary riches, only to discover that we owned nothing but the fleeting shadow of belief itself.
🩲 RT + comment, 2 SOL giveaway
@CryptoBlocketh@weremeow@PatrickHay52093@degencoinflip Let’s keep in mind that without incremental buyers, $JUP will trend towards zero. The pool of liquidity for people (including team members) to sell into is too small to absorb any significant selling. That is why creating incremental buyers through distros is worth the cost.
@CryptoBlocketh@weremeow@PatrickHay52093@degencoinflip Corporate buybacks work (in theory) similar to dividends because there is no lock-up preventing folks from getting the economic equivalent of a dividend by selling into the buyback.
@CryptoBlocketh@weremeow@PatrickHay52093 they don’t need to be, i’ve “staked” my @degencoinflip NFTs for almost four years now and reinvested over 7000 SOL back into more NFTs (have never sold any). i’m financially incentivized to do so because i get SOL distributions weekly for holding and supporting the project.
@EcstasyaNFT@weremeow@JupiterExchange Candidly, this groundless assertion is dismissively patronizing and representative of the toxicly positive feedback that's probably led $JUP to where it is today. Men lie, women lie, money talks.
@crypto_boomers@weremeow This is key. Right now, there is no benefit to staking $JUP except for more $JUP. There is no real value created therein for stakers, and therefore no reason for people to buy $JUP, which leads to the same cycle.
@Jukuuuh@L0DIK@weremeow Consider that buybacks by definition only help sellers, not stakers. It's even worse than that because stakers don't even have the option to be sellers until a 30-day lock expires.
@weremeow@filiozem litterbox does not help stakers, only sellers. there is very little alignment because there’s a group of people who get JUP at a zero cost basis and everyone else who bought JUP and lost money. and the only thing you get for JUP is more JUP?!