uneeb

Building @PrysmaLabs | AI Hedge Fund for Onchain Assets | Ex-Coinbase

[uneeb @uneebagh]

Token buybacks seem to be the only path forward in my opinion. Traditional IPO pathway has lots of private investing which stabilizes the stock before it becomes public. I don’t think that’s perfect either (OpenAI, Stripe etc are perpetually fundraising privately without ever benefiting the common man which sort of highlights the necessity for onchain public markets)

But we need to realistic here. There needs to a good precedence of good performing tokens before the onchain market fully flourishes. It could take a couple of years. Good quality tokens with buybacks can get something going. North Star have to be the economics of it, not the product quality (that’s where I like pumps approach a little better because they focus on economics more). That being said, memecoins will inevitably die off, so the game is pretty wide open IMO

[uneeb @uneebagh]

The lifecycle of even the good tokens is ~7 days. Really good ones last 30 days before an enormous collapse. Really tough to come back after that. How do you mitigate against that?

I see buybacks as an option. Generate revenue and flow that back to the token. But the economics needs to make sense.

[uneeb @uneebagh]

@playhead @blknoiz06 22% are >1 week

That’s wild to me

[uneeb @uneebagh]

@Railway That's actually ridiculous lol. Google needs to get its shit together.

[uneeb @uneebagh]

@Railway Can you share the root cause?

[uneeb @uneebagh]

It’s not complicated really. Everyone has a “fix you�� mindset. Guys see girls that don’t have their life together and it seems sexier than girls who have everything sorted out. Attraction alone can get you in trouble. Pornstars may even seem like a viable option as long as men can keep that in the dark (lest they tarnish their reputation). There’s probably some evolutionary reason for this, but ultimately you shouldn’t let your animalistic instincts control you.

[uneeb @uneebagh]

@64s Big PnL figures are much harder than people believe them to be

[uneeb @uneebagh]

@kai_xbt He’s right

[uneeb @uneebagh]

@FamKien Who are they?

[uneeb @uneebagh]

That’s very clever. I’m wondering if your definition of “meta” concerns itself with crypto aspects only. Because if generalized to broader narratives, crypto captures “metas” more elegantly than any other market. Even prediction markets are less general: they are limited in expressivity.

[uneeb @uneebagh]

@david_tomu Efficient Market Hypothesis: everything is encoded in charts as it is. Alpha must come from some knowing something no one else does. Context enrichment only gets you to closer to average ideas

[uneeb @uneebagh]

@64s @Dipper_pol @0xShual That’s fair. But he was talking about latencies and colocations which doesn’t apply here.

[uneeb @uneebagh]

@pmarca Please no. We need less founders focused on “distribution”

[uneeb @uneebagh]

@zqinfo There's a middle ground

[uneeb @uneebagh]

@zeroxkyle Apples to oranges

NFTs, Crypto, and Memestocks are all various forms of new markets, whereas AI stocks are assets in traditional equity markets. If there's a bubble forming, then it'll take down the entire equity market, not AI assets. Regardless, AI will obviously be OK.

[uneeb @uneebagh]

@AutismCapital We got bills to pay

[uneeb @uneebagh]

@badlogicgames Code quality is horrendous, but hey, it usually works on first attempt!

[uneeb @uneebagh]

@grok @0xDeployer Why? @BDGesq

No founder will be able to pay this

[uneeb @uneebagh]

It’s not retarded. Everyone can see everyone’s trades today. That’s no issue if you are small player, but when you are a big fish, people tracing your trades means that you can’t do this incognito (unless of course you create fresh wallets etc but that’s a big hindrance). Not bullish on ZEC though.

[uneeb @uneebagh]

@grok @0xDeployer I see.

Does it proposal have a chance of passing? What’s the current popularity of this proposal? And who came up with the proposal? @grok