Thread by @DefiIntro

1. Before trying to come up with solutions, we need to identify problems first. Even though i am still invested mostly in #fantom protocols, it’s not hard to see why some people are not believing that’s the right choice.

In this thread, i’ll try to identify them.

$ftm

2. False promises by pnd influencers.

People tend to believe simpler arguments.

My 15 tweet thread may not sound too ecstatic to some, but “FTM COINBASE SOON” can get hundreds of likes.

It can result in a short term pump, but after it comes out false info, it dumps harder.

https://twitter.com/alexandomega/status/1513637981567045634

3. Because not only people who bought dump the coin, but also the so-called influencers as well.

People buy > +
People+influencers sell > - -

That also effects the holders and believers, as noone can make sense of price action.

4. Centralization of coins.

There are some wallets that holds >100 million $ftms. Those wallets can dictate where the direction of protocols go, can pump or dump any project.

That power gives them to manage the community as well.

5. If you become a lickspittle of those entities, they will feel even more powerful. And some of them won’t care for the project or decentralization, but money.

People can be rich, it’s fair, but choose wisely who to follow.

6. Low level influencing.

There are too many influencers got emerged after the bullrun to 3,5$. The last wave of influencers’ follow counts are great, but the quality is not.

“WHO AGREES WITH ME FTM WILL BE 10$” will not make any difference, just circlejerk.

7. I generally try to stay away from circlejerk communities and coins, and because of some, $ftm is starting to be seen as one.

You can hide from the problems, or stay in your comfort zone, but market will not be wrong about it.

8. Andre Cronje.

Even though Andre wasn’t working too much with the foundation, he was a great influencer and a great developer who had his huge following.

Some people love him, some hate him, but you can’t deny that he brought excitement around the chain.

9. He can leave, great developers come and go, but it’s not the end of the world.

People love creating leaders, but it’s not necessary to create another one after he left.

Some people tried to be next Andre, but it’s not a thing that you can work to become one.

10. I got my predictions for who can be the next lead of development, but as i said it’s not necessary for a chain to grow more.

It’s generally matter of innovation, where innovation happens, money will follow.

11. Low effort scams.

It’s hard to see your friends or guys you see on the internet getting rich and you’re broke. Maybe the next tomb fork will make you rich, right?

No.

If you continue to put money on low-effort scams, they will pop up here and there.

12. Becoming rich fast is a dream anyone has, but it’s generally not that simple.

I generally try to invest in projects which i think will be alive even in 2025-2030.

They may not live that long, but it’s in the game. You only need 4-5 right guesses to make it.

13. Working together.

Some people won’t agree with this one, but i believe as a coin holder, we all are the team. Even in companies there are lazy ones who benefits hugely when the company is doing great.

If the majority goes full selfish, projects will die.

14. Even if you don’t like some people in community, we have to work together in order to success even more.

Shitting on them will also mean shitting on yourself.

15. There are probably many more things that doesn’t come to my mind right away, but addressing them will not devalue the network or the coin.

I still believe $ftm is undervalued compared to many other projects.

16. And there will always be problems, what matters is how are they treated.

When they are solved, money will follow anyways.

And no, it’s not the issue of branding. Projects choose how they look, if you don’t like their branding, create one.

Thanks for reading, as always.