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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𒂠_𒍣𒅀_𒊑 pfp
𒂠_𒍣𒅀_𒊑
@m-j-r
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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↑ antaur ツ pfp
↑ antaur ツ
@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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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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Catch0x22 pfp
Catch0x22
@catch0x22
agreed need a pump fun but for DAOs
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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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Onur pfp
Onur
@angelman31
You are not selling for youself, we definitely know that. Same t-shirt and jeans for 15 years..
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Bidong pfp
Bidong
@bidong
kol
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Vladimir pfp
Vladimir
@vovavax
da nu nah
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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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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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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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rathermercurial pfp
rathermercurial
@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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Aunt Homie pfp
Aunt Homie
@infinitehomie
What's a zu village?
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Stuart pfp
Stuart
@olystuart
Can you explain more about what you mean? What do network states, popup cities, zu villages have to do with investing or risks, or even crypto? They seem more like elaborate wealthy person vacations.
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Phanuel pfp
Phanuel
@phanuel
Facts right there. Btw, I know where you can get the seed stage prices => in Memecoins' realm😆
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law pfp
law
@traguy.eth
They don’t know that only way to get those 100x returns is to be willing to take on the uncertainty and volatility that comes with early-stage investing…. And if you want to ride the wave of innovation in emerging industries like DeFi, you need to be willing to take on the risks that come with being an early adopter. No shortcuts, just hardwork tbh
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