"I think the most important thing that hardcore developers should do right now is to forget about the valuations of money-related things and build a project that can be used literally in this week. If you're sitting alone with a pitch deck with your magical...
4/x
"... defi project's logo on the first page and waiting for a VC to write you a check at your fair $50 million pre-alpha, pre-money, pre-anything valuation, you've already lost," she says
5/x
"Scapegoats are coding while you're talking. Nobody remembers pitch decks from the dotcom era. But everyone remembers Netscape and Marc's code behind it. The same things, code, products, users, will matter in the next 5-7 years in defi."
6/x
"We will all only understand (#defi and crypto) in the next 5-7 years."
Ditch the pitch deck dilds
Long the f'ing builders
$HEGIC $YFI $SNX $ETH $AAVE $SYN
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The $SYN price isn't deterministic. It's still dictated by supply and demand
However, once $SYN staking begins and if SynLev can sustain $10 million in daily volume, the platform will be spitting out $20,000 per day to be split among all $SYN stakers
If 80% of $SYN is staked, and there are say 20 million $SYN tokens in circulation, that means each staked $SYN (16 million of them) will be earning $0.00125 in staking fees per day or $0.45625 per year
2/x
If $SYN tokens are spinning off that much income, the price of $SYN can be expected to rise bc people will want to capture that income
If $SYN rises to $2.10 and it's paying $0.45625 per year, that translates to a yield of 21%+, which seems reasonable/achievable
3/x
And lo the young man heard that there were others like him...
poor and weary in a world of disease...
who had scraped together some small piece of their wages
And used it to buy a different sort of money
This was not money of the governments of men
👇
This was money made by ghosts and ghouls, by men and women whose faces no one knew (nor would ever know)
This money was not controlled by elders with bellies that swayed when they laughed and pushed like overfull bladders against the ivory buttons on their shirts
This money was governed by something altogether different...
by a higher order...
by math...
by the inalienable laws in fact of the universe itself...
The young man did not tell a soul what he was doing. But he bought the new money, too