fan tokens are an asymmetric bet on moxie, which is an asymmetric bet on airstack, which is an asymmetric bet on farcaster, which is an asymmetric bet on eth, which is an asymmetric bet on crypto, which is an asymmetric bet on tech

wild how risk-on we've desensitized ourselves to being, compared to the conventional personal finance advice of 100% in SPY lol

that last point ooooooof

what happens when the biggest disrupters to large cap public equities are either

1. run by teams of 1-10 w no plans of token

2. aren’t companies at all

good news is most investable assets will prob be “public” onchain by the time it happens