six
@six
I will say, the issue with this trade is capital efficiency - even if you are high conviction that eg 2e floor is inevitable, you don’t know the timeline for the catalysts in the second cast, and your funds probably could be put to work in better places in the meantime So if you are holding you’re mostly just hoping the ETH-basis floor holds and in that case it’s kinda similar to just holding raw ETH.
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colfax
@clfx.eth
better places in the meantime is my sentiment as well. other than that i agree with you. though would be interested to hear your take on the impact of @woj.eth super pets like you guys talked about on doingnumbers. if woj gives everyone an ai pet, what's the point of paying $6k for a gaias?
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six
@six
i see them as different things/noncompetitive. super pets is a pretty farcaster-specific thing, afaik they are not nfts either, mainly they serve the role of being bot friends on farcaster. gaias is a pfp nft collection which is inherently different in structure, and the ai part is more applied to the gaming work they're doing rather than being social bots like super pets. as for paying 6k, as always it is bc you think you will be able to sell it at a higher price later haha
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colfax
@clfx.eth
the gaming aspect is something im overlooking here. thanks, haven't fully understood that intention. and lmao ofc to sell it at a higher price, just wondering if there's a reason someone will buy it off me besides to flip it themselves.
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six
@six
i think there is a utility function where the agents play a role in the game(s) and maybe have access to earn rewards or something - so that would be one reason, or just they like the pfp art
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