@GoingParabolic Said everyone
of course, sometimes you will find gems before they even consider raising capital (this is less common in 2021) but it does happen. How that always happens for me is based on the work of individual top devs, especially if they have just formed a group. I look at their past work.
@harambepay take bittorrent, probably the most successful p2p network and no token. the altcoin that acquired the company bolted a useless token on, no one will use as it rests on economic fallacy. now bittorrent with #bitcoin lightning payments, that could fund content caches.
💵 💵 16,381,285 #BUSD (16,381,285 USD) minted at PAX Treasury
@harambepay (overlooking as said, most are junk for sure) consider: a p2p network could even be good but economics mean it will retain limited value in a utility token, and infrastructure gets cheaper, so a utility token value will tend to *fall*, or if expensive a new network started.
Read “An institutional investors take on cryptoassets” by @jlppfeffer (ex-KKR professional investor) where he explains his thesis for why utility tokens (alt-coins)have de minimis value https://t.co/1qv151gE0q podcast https://t.co/NUCrETyxBP and allocated 100% #bitcoin of crypto
@ryfxyz123 @eric_lombrozo I think so. We have found social key sharing with family members to be useful for less technical people.
“No” elaborated *Think* there are 7000 alts, new ones everyday. Just statistically it’s obvious most will never regain their vs BTC high. And if you lose money vs BTC, what is the point. On top of that, due to insider premine, and illiquidity there’s high risk of insider rug-pull
@proofofmcguirk @mike_g_money @tyler precise: you check-mated them, and the dozens of better clones about to over-take them technologically as they flounder with eth2.0 complexity disaster. the velocity argument is made in more detail by @jlppfeffer here https://t.co/5rhiDMqHMm
@mike_g_money @proofofmcguirk @tyler Lols everything they changed was objectively worse, and the rest they cut and paste. You cant copy network effect, investor conviction, store of value.