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BORED 🥱
@bored
GM to everyone who is on the other side of that trade. (Image via @nick)
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downshift
@downshift.eth
disappointed to see naval make such a common error. tokens work just like equity ownership in a business; a startup can be worth a billion dollars without a billion dollars changing hands. why is this so hard to understand?
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memes4airdrop
@wake
Because it's genuinely novel and intentionally confusing 🧑🏭
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downshift
@downshift.eth
i’m left trying to figure out how sarcastic this comment is 😅
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memes4airdrop
@wake
I think the method is necessarily new; never before has crypto been used to fortify a fledgling crypto social network like this. It's also confusing: we want well intentioned, gritty creatives to seed the network. That /requires/ vague rules of conduct. We want the ppl who can figure it out 🌹
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downshift
@downshift.eth
esoteric by design. got it 🫡
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JR ↑
@juli
1st thought was similar, almost felt like Naval attacked the holy Degen 😂 but context helps. @naval got a great point calling out all the airdrops, crypto schemes with 0 revenues & token holder value (see next cast) Degen is the 1/1000 exception with growing utility & economy. https://warpcast.com/juli/0x12902eb7
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@juli
https://www.air.chat/IdanLevin/post/a6461e6c-56a6-4977-b0a5-d1772a3a8b0c?thread_id=50bb2011-2cb9-3e81-bf06-a32fdf4acd1f
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downshift
@downshift.eth
appreciate the color, here! i’m actually a pretty big naval fan, but in this case i think he wasn’t quite on the mark. he’s making the assumption that a crypto token like $degen can’t have enduring value (and thus a reason to hold long-term)
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