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๐งต1/14 Facing and uncomfortable Reality: What @defichain truly needs! And intellectually honest analysis.๐
๐งต2/14 Quick background: The past year has been tumultuous for the #DeFi space, largely due to the failure of Terra's stablecoin, UST. That uncertainty paired with the massive crypto price drop, caused fear to $DFI investors.
๐งต3/14 Price follows Value. Always. ๐
Value is determined by three factors: Utility (the most important!), number of people (marketing), and rarity. These factors are critical for any investment. I've written a blog post about this: julianhosp.medium.com/resolving-dusdโฆ
Value is determined by three factors: Utility (the most important!), number of people (marketing), and rarity. These factors are critical for any investment. I've written a blog post about this: julianhosp.medium.com/resolving-dusdโฆ
๐งต4/14 Let's ask ourselves: Who among you has contributed something useful to DeFiChain in the past 12 months that others want to use - aka increased its value? Merely buying DFI increases price, that's fantastic, but does not increase value. ๐ค
๐งต5/14 Most people just want to invest to get rich quick. They want numbers to go up. That's ok. However, price only goes up, if the value goes up. Since most people can't create utility or excel at marketing they resort to focusing on rarity manipulation.
๐งต6/14 This is visible not only in the DeFiChain space but also in the broader crypto ecosystem like Bitcoin. The focus in Bitcoin is on "limited supply" or "a haircut" in DeFiChain. Only, because people can't actually be useful to add value. No criticism, just reality.
๐งต7/14 #MetaChain is set to drive significant utility for $DFI and $DUSD, but it got delayed from Q4 2022 to Q2 2023 due to constant attempts to manipulate the circulating DUSD supply with short timehorizon.
๐งต8/14 I am a builder. I deliver utility. And that's why I am 100% confident in #DeFiChain. That's why at the beignning of 2023 I stopped focusing on short-term blabla, and re-focused on creating real long term value... so the price will follow. ๐ฅ๐
๐งต9/14 As a quick example: Once launched, MetaChain will usher in a massive utility boost for DeFiChain. Imagine just 20 projects, each raising 2-3 million USD and locking/burning 10-20 million USD in funds. That's 100-200 million USD of TVL for utility that doesn't exist today!
๐งต10/14 This is vastly different from the left-pocket-right-pocket tactics we see on Twitter and Reddit, which contribute little to no actual value. So, if you wonder why I don't engage in fruitless discussions about rarity, this is why!
๐งต11/14 Many projects will be built on MetaChain. $DFI and $DUSD will be used in so many new ways, that aren't even possible today on the mainlayer. That is, what will bring DFI to #RoadTo50.
๐งต12/14 If you sell DFI or DUSD, I couldn't care less, why would I? If you talk on Reddit or Twitter, I couldn't care less, why would I? You aren't stopping me and countless other people from building and working. You are just wasting time and money.
๐งต13/14 It's easy to point fingers at the score when something is down... But it isn't even the first quarter of the game yet. There is still so much to play. #timehorizon
๐งต14/14 MetaChain is coming out. Then, focus is on projects on top to drive value further and further beyond your wildest dreams. Let's go #DeFighters! ๐๐
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