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alex 🎩
@proxystudio.eth
Don’t think hitting the 100x is very hard, it’s holding the 100x that’s the hard part One mental model I’ve used for some elements of speculative markets is information warfare. I think it’s an extremely dangerous assumption to believe that access to data, information or compute will tend towards equality
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@six
Why is it dangerous to assume that? That seems to be what has happened historically wrt public markets I think hitting 100xs does get harder as markets mature. There’s just less asymmetry available the more consensus an asset class is
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@six
Ex: right now people can get into clanker coins early because farcaster is small. Not many ppl know that clanker exists or how it works. If farcaster 10xes in size, clanker coins reach their “fair valuation” much faster because there’s more people participating with access and knowledge about what it does. This diminished the asymmetric upside/chance at a 100x for an individual market participant relative to what they have now If you take the “farcaster 10xes in size” and then apply that to the whole crypto industry, the same effect happens for all coins
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@six
Things just get priced in way quicker, the coins themselves can still do great but it’s harder for any given individual to get the same returns they can get today by nature of being early to PvE situations
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