When life gives you lemons...

you dump them after two hours? 💀

/new-york by day 🗽 /untzuntz by night 😈 Fan of eating tacos and bringing people together, often at the same time 🌮

do you think that piece of media is worth >$70k?

@base builder #001; onchain cities w/ OAK & city3

No I think it's worth $0, it's literally a picture of lemons that Dan took. It's only notable because it was created by someone notable and notable people should think twice before launching liquid coins on the open market regardless of how easy apps make it to do so. No reason for it to be an ERC-20.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Why should anyone buy a liquid asset that represents your picture of lemons though? ERC-20s just don't seem like the right tool for the job here, too much emphasis on market cap

Expectations should change based on the app.

it's definitely not worth $0. dan's last NFT mint did $70 in primary sales, so that's a floor. this is a new format, so there's some memetic value to that. it's currently sitting at $100k after some reasonable price discovery, so that's also a strong signal it's not $0.

Okay so then answer your own question: do you think that piece of media is worth >$100k? If so what makes it worth that much? Why should people buy into it? What is the inherent value of Dan's lemon photo? Should people hold it indefinitely?