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GIGAMΞSH
@gigamesh
The market doesn’t seem to accept OP is Base’s token. When Jesse was on Bloomberg recently, even Mike Novogratz asked multiple times when Base will launch a token. Are people just cynical about the relationship between Base <> Optimism? What am I missing? https://www.bloomberg.com/news/videos/2024-06-04/next-gen-of-internet-is-on-base-coinbase-s-pollak-video
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Christian Montoya 🦊
@m0nt0y4
I think you are making an incorrect assumption about how the market is supposed to price OP token. It's the governance token of Optimism. Base is just a participant and holder of OP. The fact that Base is using the Superchain infra is adjacent. It really depends on whether people want to participate in OP governance and how much they desire to buy it to get more voting power. I think it's hard to make a bullish case for someone to want to gain more voting power, especially when Optimism is still giving away tokens in airdrops. I also see no reason for Base / Jesse to hype the underlying infra that Base relies on. What product company constantly mentions that they use AWS or Azure? Sure you buy a Dell computer there might be a sticker saying that it uses Intel processors or Nvidia cards but that's about it.
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GIGAMΞSH
@gigamesh
I disagree the Superchain is adjacent. Base’s long term viability relies on becoming decentralized (ie the superchain, governed by OP). Novogratz was suggesting a token is necessary for decentralization. That token already exists. 🙂
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