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Coop
@coopahtroopa.eth
Saw a lot of talk on the CT timeline today that "fundamentals are bearish" and honestly this makes a lot of sense. When you value something based on its cashflows (onchain or offchain) - it's easy to put a ceiling on it. Virtually all memecoins have no cashflows - which let's people's imagination run wild.
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Coop
@coopahtroopa.eth
This is one of crypto's biggest strengths and its biggest weaknesses. Most financial bros do not take crypto seriously because "its all made up". But the lack of fundamentals actually creates net new market behaviors on how to value psychology and attention which we haven't *really* seen before.
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SQX
@sqx
as a financial bro. the discussion is due to tokenomics and issuance. logic out the window . memes do stand on their own . true that. but they are 100% ponzinomics
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92
@92-
True- there are some scams and rugs for sure. They're horrible. But Tradfi continues to create generational trauma, international exploitation, quality of life degradation, & financial ruin on scales unfathomable. See below. Crypto is refreshing, and may help stray from this. https://warpcast.com/92-/0xf7a6493d
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SQX
@sqx
im in both. no need to explain. VC are the worst of tradefi (well maybe not the worst. PE might be... yet crypto heros. The double speak on the chain is very prevalent. and the double action is even worse. and yet here i am.
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92
@92-
Yeah good points. For you, maybe no need to explain. But people need to know what is happening to them. Only reason this clown financial world exists in it's current form is because people don't know how badly they're being robbed. Need to explain. Need to educate. 🙂
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SQX
@sqx
much of what I see on the chain is scammers trying to preach one way but act another. private rooms with coordinated pumps. the future is bright. but crypto has done no service to itself in image for adoption. nor use case in practice. (in the past) Def lots to hate about tradfi.
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