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@juli
kida fun that crypto runs on a perfectly trackable public database but teams do vibe coding and investors roll the dice with memes.
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@jacek
Most VCs actually do a ton of research—deep dives, data models, all that. But if you mean regular users, then yeah, most just go off vibes. Kinda like buying a Tesla, loving the car, and thinking the stock will moon because of it. Feels right, but that’s not really how it works.
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@juli
For sure, there's diff investors, diff research but onchain data-driven isn't crypto's strong suit (& I'd exclude investors hyping their gamed KPIs) -- A select few VCs put out top research and even build these days (Paradigm, Bain, Maven11, 1kx..). others (prev researchers, OG investors..) have (old) theses & data models too (upside, adoption, founders), but a main research/selling point has been influencer score, bags, prev performances "l1 trade" & latest narrative "horizontal/vertical integration", "tech converges, gotta own users" - and continue to overinvest in infra (0 onchain demand for new l1/l2, upside still ok?) Obv VCs are just 1 big type of investors engaging mainly pre-token launch BEFORE DATA SHOWS which explains focus on go-to-market & EXIT. Small $ in trenches & big $ from trading firms are more frequently moved based on unlocks, sales, sentiment & seem to trade, follow, frontrun similarly the latest crypto twitter narratives which obv also show onchain. The "echo chamber" is on point.
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