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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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greg
@gregfromstl
Isn’t a valuation supposed to be present value based on current likelihood of success?
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jihad ↑
@jihad
a valuation is just a signal of investment demand
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