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 ๐Ÿ˜€
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Venkatesh Rao โ˜€๏ธ pfp
Venkatesh Rao โ˜€๏ธ
@vgr
Popup cities donโ€™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. Hereโ€™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 wouldnโ€™t invest in any of it personally under โ€œnormal marketโ€ 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 meetingโ€ฆ whatโ€™s a โ€œzu villageโ€?
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๐’‚ญ_๐’‚ญ pfp
๐’‚ญ_๐’‚ญ
@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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Catch0x22 pfp
Catch0x22
@catch0x22.eth
agreed need a pump fun but for DAOs
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max โ†‘ pfp
max โ†‘
@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 ๐Ÿ˜” Why do things have to corpa and boring to be stable.
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Spaceman Spiff ๐ŸŽฉ๐Ÿ– pfp
Spaceman Spiff ๐ŸŽฉ๐Ÿ–
@spaceman-spiff
If the early network states can't go lord of the flies, what fun would they be?
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Degen Karl pfp
Degen Karl
@degenkarl
Correct
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Silenus pfp
Silenus
@silenus
Zuzalu sounds cool for you and your elite friends. How is the average pleb meant to get access to this BS? You are quite out of touch. Please stop dumping ETH on my head.
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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. Itโ€™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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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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Designart pfp
Designart
@csm07
Vitalik early
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Kority pfp
Kority
@kority
i love u
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041.ai pfp
041.ai
@1979
zโ€™z in your casts? Has to be a 1๏ธโƒฃ
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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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homie pfp
homie
@infinitehomie
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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antaur pfp
antaur
@antaur.eth
100% and that's why i find the term *degen* to describe us all imprecise at best and condescending at worst Degen A: using & testing new protocols on launch day Degen B: aping into memecoins on launch hour We are not the same.
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Big Floppa pfp
Big Floppa
@bigfloppaeth
true I think those opportunities are still there in space, it's just that many people are looking for them in the wrong place
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