basil on Warpcast

basil pfp

nah i round tripped again made a bunch of money in our 2 week bull run… but lost all that too you know, doubling down on projects that are actually building useful things with token utility ahead of what’s expected to be a generational bull run with a full red sweep & regulatory clarity for the first time since our industry’s inception almost 20 years ago i mean idk, we have frames v2 materializing, agents originating, and meta-setting protocols & games all coming out of fc… we live on a $75 billion pubco chain, home of the fastest growing stablecoin presence in the world, whose CEO is advising the president elect… we have a billion dollar unicorn at our backside with a war chest of capital… i mean idk, i thought the 5k of us here knew this & would protect our assets, but y’all would rather buy back in on a +42% day sometime next week (cope)

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basil pfp

yes, this is cope, but there is also an unfortunate amount of truth to this we desperately need another 1,000 “investors” here with 6+ figs in their wallets to stabilize some of our established tokens (truthfully, we need more VCs & an eco fund 😓) there are 5 whales here that both prop up & destroy our entire eco they made all their money being super early on degen, higher, clanker, lum, anon… they continuously pull down from those positions as they rotate into new shitcoins this causes our “blue chips” to breakdown in a choppy manner, which signifies bearish selling (whales exiting) our shrimp then fizzle out as they chase the whales into their next plays i’ve said this before & i’ll say it again, no one who is serious about investing is looking at our ecosystem these charts are bearish & that’s the first thing they will see then they’ll go look at dau growth which has now completely flatlined

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basil pfp

so if the tokens are controlled by a few whales who are constantly selling & there are no new users entering the system to backfill those red candles… would you invest in this ecosystem? it has nothing to do with the prospective technology & application if you’re looking to deploy capital on a 3-6+ month horizon, you are absolutely not interested in investing here, especially given the current opportunity costs of being elsewhere… especially at this convergence point in time… we can talk about future proofing. we can talk about a 5-10 year horizon but no one cares… the time is now, like right fucking now if you think we have a 4 year bull run ahead of us, you’re potentially the most optimistic human alive i reckon we have no more than a year left to get “on the field”, or we’re taking the bus home for good we exist on a platform filled with risk-adverse corporatites, low-income foreign users, and acoustic devs that care only about building…

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basil pfp

comparing this to hyperliquid, fc is simply not the right user composition to attract capital our devs can & have attracted attention, but attention is not sustainable degen held the zeitgeist for 2 weeks & that was with significant VC backing & a revolutionary distribution system clanker, only for 2 days… we need more capital & need to give investors a reason to come here we need more users & need to give big names a reason to come here (and bring their followings) it’s time to wake up we have tokens here with full teams, utility & years of development behind them getting crushed at $2m while deadbrain replicas on other chains boast 50m baseline we’re putting our devs AND users at a significant disadvantage… the question is how much longer will they allow it to happen before jumping ship

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basil pfp

i swear this wasn’t me https://warpcast.com/anoncast/0x529088d6

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Dvyne🎩 pfp

So it really just depends on us?! One way i believe great funding could come into farcaster would be a base airdrop though… it is what it is with crypto mfers Also, in 3 years time, we’re gonna be on a different level ;)

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SQX pfp

is it because base is US based and whales prefer outside... ie hyperliquid is cool. i guess... dont really know. geoblocked.

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