six
@six
moxie was right thesis wrong trade
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Matthew
@matthew
wrong timing tbh
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six
@six
nah I think the actual model was broken from the start, wouldn’t have succeeded long term regardless of timing
1 reply
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Matthew
@matthew
ok fair point… why do you think it was broken?
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six
@six
Too inflationary at the beginning so there was no buy pressure and only sell pressure. All participants were being rewarded so no reason to buy And no attention flywheel, Degen tipping being casts was great marketing and kept it top of mind
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