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Content
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https://warpcast.com/~/channel/six
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Coop
@coopahtroopa.eth
Sometimes I wonder if people not in crypto look at the valuations of all these protocols worth hundreds of millions of dollars (on paper) that no one has never heard of before and can't help but think crypto is one giant ponzi scheme probably closer to one than any of us would like to admit tbh
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ted (not lasso)
@ted
yes my friends and old colleagues tell me this all the time "what does it provide to justify that valuation?" is what they say consistently example: fartcoin, move
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six
@six
They don’t know those protocols exist in the first place to be thinking about their valuations etc.
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Push
@push-
I think they’re just scared. Crypto to normies still really do look like this imho
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alex
@alexgrover.eth
Before I got into crypto bored apes was literally the only thing I’d heard of
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Andrei O.
@andrei0x309
Yeah, if you're going to be honest is hard to not think most of them aren't overvalued. But that has always been the case with thechnology, much of it is overvalued because there's huge potential of some tech to be undervalued. Welcome to the world of speculation, though crypto speculation levels are so high that probably it only competes with AI.
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Kaloh | Indexy.xyz 📊
@kaloh
Imo you have to be in crypto to look at the valuations of those tokens / apps / assets Most don’t even look at that - working in finance being the exception
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Juan
@juanaxyz00
Correct
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Konohime
@konohime.eth
It's hard to believe something else when 99% of projects fail (but founders keep raising money) and the main usecase is state-backed coins
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Deflin
@dec31
yeap, all my family and friends say the same thing
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Lost Midas
@lostmidas
The biggest barrier to crypto adoption isn't UX, it's perception
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SeeingBlue
@seeingblue
This can be said of so many things, with value of sports franchises being first to came to mind · 👓 🔵
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@juli
For sure. (But then again, why are so many startups valued at 10m, 30m, 300m etc. - a lot of this stuff just doesn’t make any sense; the more complex tech buzzwords the easier to buy in)
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