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greg
@gregfromstl
fine i'll say the quiet part out loud: the recent farcaster raise overvalued this protocol and pretending like its guaranteed to succeed now will make it dramatically less likely to
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six
@six
im not sure anyone is acting like its guaranteed to succeed, i think people are aware it's still so small and a lot of progress needs to be made to grow into that valuation
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Kieran Daniels ๐ฉ
@kdaniels.eth
Spoken like someone who is neither an investor nor a founder.
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๐ _๐ฃ๐ _๐
@m-j-r
always a good counterpoint to have. part of me is weighing localized channel-clients & wondering how the network/merkle demonstrates the market. fwiw the capital & the platform still feel unexplored.
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Dean Pierce ๐จโ๐ป๐๐
@deanpierce.eth
Any time a new VC puts money in, I worry about the growing pressure to extract value from the protocol with various rent seeking hooks or otherwise. Enshitification seems to be an inevitable symptom of how modern companies get built. As cool as all these things start out, once the extractions begin, things get shitty.
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๐ฎTacos
@tacos
Iโm just worried it means ads network that are far nastier than anything weโve ever imagined - tracking your onchain activity forever. How else are they going to return 10x on that valuation?!
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Tiโ๏ธbrrr ๐ฉ๐งข โ ๐
@twb
What multiple of expectation you think?
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