Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
https://x.com/sassal0x/status/1826932477866197094 A similar error is that many people want early stage industry vibez without early stage industry risks. eg. too many defi protocols, not enough popup cities / network states / zu villages 😀
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Venkatesh Rao ☀️ pfp
Venkatesh Rao ☀️
@vgr
Popup cities don’t yet have an investable thesis investors can take to their LPs. At least not one that looks any different from municipal bonds, which are a generally unattractive asset class, in the *best* case. Here’s my mapping: L1 tokens = frontier real estate with unclear political rights = telcos DeFi networks = pickaxes business ~= enterprise software VC Decentralized social = mining ~= consumer web VC Popup cities = saloons in gold rush towns ~= municipal bonds * coworking spaces I wouldn’t invest in any of it personally under “normal market” conditions regulated by existing governments None of if makes sense unless you assume some degree of state capacity failure. Maybe not apocalyptic like Bitcoin, but some failure. So all are bets that look something like a short bet on a failed state bond (like say shorting Pakistan bonds) multiplied by one of these familiar things. As purely financial bets, all look terrible. The reason to invest has to be emotional narratives. Like a space program
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Frank pfp
Frank
@deboboy
Missed the club meeting… what’s a “zu village”?
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m_j_r pfp
m_j_r
@m-j-r.eth
sounds a bit like post-Smith Mormon lore (thumbnail/title can apparently be a/b'd for clicks) https://youtu.be/kieCFwMqKtE?t=255&si=hKahXMhkK02-3oWM
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max 🎩🚂 pfp
max 🎩🚂
@baseddesigner.eth
second to that, but it seems like evolving slowly and more attempts at consumer apps as well a lot easier to get funding and do another blockchain, then just go around the world, let hackers fight for the money / do other bd bs to keep investors hooked
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Snickerdoodle pfp
Snickerdoodle
@snickerdoodle
Can't have good vibes AND good economics 😔 Why do things have to corpa and boring to be stable.
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Spaceman Spiff 🎩🍖 pfp
Spaceman Spiff 🎩🍖
@spaceman-spiff
If the early network states can't go lord of the flies, what fun would they be?
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Bidong pfp
Bidong
@bidong
kol
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Degen Karl pfp
Degen Karl
@degenkarl
Correct
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Domo pfp
Domo
@domo-finance
sasssquash likes to play the victim and whining about "investors". he gets early access to loads of projects. he milks it yet still has audacity to complain about "keyboard warriors" https://x.com/CSBastiat/status/1627910902207942656
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OnChain Ticketing Alliance pfp
OnChain Ticketing Alliance
@nft-ticketing
There is that same discussion around investors in $OPN for the @openticketing.eth. Their Telegram is full with relatively fresh tokenholders who expect everything soon after they came in low. The existing community has been riding the waves and is following the fruits that emerge. It’s hard times as the team is not allowed to share everything they are working on. It seems two stock listed companies are about to use their ecosystem at large. With great expectations I am watching this possibly great step for web2.5 and web3 ticketing.
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baharak 🎭 pfp
baharak 🎭
@bhrk
1000 $FOMO
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pup123 pfp
pup123
@pup123
Over 1000 farmers have been displaced by the California Forever network state. We need more of that?
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Sebas pfp
Sebas
@sebas
However you recently shilled eth and dumped 35k eth the day after that? Breaking the bullish momentum? Seriously??? lol
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Idongesit Ekpanya pfp
Idongesit Ekpanya
@eminence
You're correct here.. This is the reason we see lots of projects with good vision get rug easily.
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Designart pfp
Designart
@csm07
Vitalik early
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moacirnegreiros.base.eth pfp
moacirnegreiros.base.eth
@moacirnegreiros
👁️ 👁️
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rathermercurial.eth pfp
rathermercurial.eth
@rathermercurial.eth
Over 1000 farmers have been displaced by the California Forever network state. We need more of that? More poverty, homelessness, housing pressure, strained social services, drug abuse and environmental devastation? ..can't be what you really mean.
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AuntiePapi pfp
AuntiePapi
@auntiepapi.eth
What's a zu village?
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Shadow06 pfp
Shadow06
@shadow06
What happened to Cabin DAO? Aren't they still innovating with HATS?
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