David @Farcon pfp

David @Farcon

@d

934 Following
1381 Followers
David @Farcon pfp
1 reply
5 recasts
21 reactions
David @Farcon pfp
0 reply
0 recast
2 reactions
David @Farcon pfp
1 reply
0 recast
2 reactions
David @Farcon pfp
1 reply
0 recast
3 reactions
David @Farcon pfp
0 reply
0 recast
3 reactions
David @Farcon pfp
My thoughts on @zora Yes, the token "for fun" is not a great narrative, but it's likely a protection measure. @haunventures is the main investor, and they take regulation very seriously Yes, revenue is low, but IG had 30M users when acquired and had ZERO revenues 2M traders, 100k unique creators, 4k daily creators, economic activity, there’s something Zora team has explored, shipped and pivoted, and this token may evolve into exposure into something larger In web2, engagement drives ad placement costs. In Zora, attention is also valuable, but in this case, instead of Ads, content is coined and traded freely “unlocking” it’s speculative value, but it’s that, speculation, brands don’t get anything for buying tokens, no ads placement or convertion into core actions (CPAs) The unlock: Merge the models Place personalized ads on the apps, but offer revenue share with content coin holders, and/or offer ad placement to content
3 replies
1 recast
11 reactions
David @Farcon pfp
0 reply
0 recast
3 reactions
David @Farcon pfp
5 replies
2 recasts
15 reactions
David @Farcon pfp
0 reply
1 recast
7 reactions
David @Farcon pfp
Let's revisit Warren Buffet's classic article — The Superinvestors of Graham and Doddsville He begins with a thought experiment comparing stock picking to random coin flipping: Imagine a national coin-flipping contest for 225M Americans. Each wagers $1 on their prediction; winners earn from losers. After 20 days, 215 are left with perfect streaks. They might get cocky, even write books on their strategy. Business schools would argue that if 225M orangutans did it, only 215 would remain by day 20. But what if 40 of those orangutans were from the same zoo? What made them different? The same happens in investing. Different "villages" of thought—minds fed similarly—produce similar returns. Warren gives examples of investors following Graham's value approach: buying dollars for cents, maximizing the gap between price and value. Schloss (21%), Ruane (18%), Munger (19%), Guerin (32%), Perlmeter (23%) — all of Charlie’s investors (29%) have consistently outperformed the market by 3-4x over 20 years
0 reply
12 recasts
28 reactions
David @Farcon pfp
1 reply
7 recasts
8 reactions
David @Farcon pfp
Pure.st is the latest endeavor by the Whetstone / Doppler team. Essentially, it’s a token launcher that solves the “fair launch” problem and helps bootstrap initial liquidity for tokens. The current live version is simply a unichain v3 pool that starts at 4k market cap, and then moves upwards. The LP token fees are distributed between protocol and creator. The token creator has to buy up initial supply if they want to. The experience for a v1 is pretty bland, but it works. Future version will be way more interesting where: The reverse dutch auction kicks in: The initial valuation is discovered through an auction Priced tokens are sold in a dynamic bonding curve is able to change in steepness Once a specific amount has been traded, it graduates to a uni v2/v4 pool with a timelocked LP token, and fees are split between protocol and creator Variant led the preseed round, and they are finalizing the dynamics to integrate with partners that want to launch tokens like @tryoharaAI
1 reply
1 recast
2 reactions
David @Farcon pfp
1 reply
0 recast
5 reactions
David @Farcon pfp
1 reply
0 recast
3 reactions
David @Farcon pfp
0 reply
0 recast
1 reaction
David @Farcon pfp
0 reply
0 recast
3 reactions
David @Farcon pfp
Evolution of token launchers: 1/ FT pioneered the bonding curve, each X account had “keys” on a steep bonding curve 2/ Pump pioneered graduation, after a token reached a market cap on the curve, liquidity moves to an AMM 3/ @clanker pioneered a “rug proof” launch, liquidity starts on a AMM, LP tokens are locked and fees get split between protocol and creator 4/ Whetstone is pioneering the “fair launch”, initial valuation is found through a reverse dutch auction, a bonding curve starts, and then graduates to an AMM where fees are split There’s a ton more. Raydium on Solana, Rainbow on EVMs, Puf on Worldchain, and many more. It’s not clear who the winner will be, it’s a short lived market so far where innovators quickly get spikes in fees. To me, the winners will be the ones that offer the best support for builders and keep up with innovation.
2 replies
0 recast
6 reactions
David @Farcon pfp
I’ve been reading investor letters recently, and one caught my eye. Ruane Cunniff’s 2024 Overall portfolio results have been in tandem with the market, but there’s two outperformers worth highlighting 1/ Rolls Royce (535% return in the last 2 years): More flying hours of engines than 2019’s ATHs. 2 out of 3 new aircrafts have a Rolls Royce motor. Ukraine boosts their defense line. They are creating nuclear power plants in the Czech Republic, UK, Sweden and the Netherlands. Trading at low to mid tweenties in fwd eps. 2/ Liberty Media Formula One (46% return in last year): Two new races added this year, LVMH signed as the highest ever paid sponsor for 100M deal, and upcoming large media deals including movies and series are making this sport great. Liberty Media also acquired MotoGP. Trading at thirties fwd eps.
1 reply
0 recast
6 reactions
David @Farcon pfp
6 replies
7 recasts
56 reactions
David @Farcon pfp
0 reply
0 recast
10 reactions