@Saad_Hone reached out and we’re going to talk, and I appreciate him being willing to engage with someone publicly questioning his company like this.
This thread is about how we can all work together to make this better.
My DMs have been crazy the last few days.
I was far from the only one concerned by tech influencers promoting what I see as a shady-looking testosterone company.
I heard from Founders, Angels, VCs, Employees, Peers.
But very few were willing to call them out publicly.
Which I 100% get.
I was extremely hesitant to start this fight.
And I’m an unfunded, employer-less guy who sits in his backyard writing about crypto.
There’s a big risk to calling out influencer investors.
This is unfortunately the situation VC culture and Twitter have put us in.
Everyone can see someone doing something questionable, but if there’s any chance that person might impact our job or company’s financial future, we won’t call them out on it.
I don’t think the investors who promoted Hone had bad intentions.
But I do think it was irresponsible to promote a company that looks like this.
And to promote it the way it was done.
If I had promoted Hone and now had second thoughts, here’s what I’d say:
“Hey everyone, on Tuesday, I announced my investment in Hone, a company that I believe is working on an incredibly important mission around improving men's health.”
“But concerns were raised by members of the community over some of this company’s practices.
I’ve reviewed them, and I agree, these are important questions for them to answer to ensure there are no worries about their ethics or legitimacy.”
Alright, so, time for a VERY painful story about how in my excitement about learning solidity yesterday I made a mistake that let someone steal $30,000 from me.
Something I've been thinking about with DeFi recently is how you could use yield farming & staking to diversify your investments across L1s / L2s while making some money along the way
👇👇👇
Say you're bullish on @0xPolygon, but you also don't want to stop buying into Ethereum.
Well one option would be to move some money over to the Polygon network, buy a combination of Matic and Ether, provide those as liquidity on @SushiSwap, and then stake your LP tokens.
By doing this you're buying a combination of Ether / Matic so you have upside if either or both go up.
You also have some hedge if one goes up but the other doesn't.
And you're earning Sushi / Matic along the way by providing liquidity to SushiSwap.