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LGHT
@lght.eth
think an intellectually honest conversation about digital commodities starts w looking at where we are wrt nfts after exhausting the risk curve for them, bear, bottom out, & then: - punks solidify as an internet asset - major dig. artist’s work solidifies floor - projects w < .01 Ξ asks standardize - microeconomics of minting emerge 1/
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LGHT
@lght.eth
this video from adin ross was a lift-the-fog moment for me what is left to exhaust the risk curve beyond the united states president launching a coin??
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LGHT
@lght.eth
if he’s right then it means it’s time for memecoins (‘21 nft’s second life) to bear, bottom out, and then create new standards, floors, & mechanisms it never is 1 = 1 but for predictive models it would look something like: - “punk” coins legitimize themselves as internet canon - a category of “artist” coins cement a ‘floor’ (community, network, etc) - jacob’s prediction about more coins w less price ask/expectation standardize - microeconomic models emerge
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LGHT
@lght.eth
disillusionment i went through eoy & part of jan wrt to tokenized culture projects (higher, yap, etc) was a realization of how little consensus there is on the directionality that seems most obvious to me w above posts factored in i now feel more confident that we will see something approximating my opinions after the ensuing bear & bottoming out correction
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