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7) that alone places them in the upper pantheon of tokens. _And_ they put those thoughts into their product. No way! They're in the very short short-list of L1 blockchains that seem to be 'legit'. I've also heard Serious People say Good Things about

8) some people say

is like if ETH2.0 launched today, though I don't have first-hand conviction in this, and also think that if you're not ETH you should be aiming a lot higher than ETH2.0.

is a cool example of "company that is high upside and executing well on the plan even if you ignore crypto, also they're backed by a token". Generally "token with revenue" > "token without revenue", all else equal!

10) alright I'm confused by $YFI. On the one hand, I think people don't realize that while it itself isn't yield farming, it's revenue comes from yield farming, so it's still really tied to it. So it crashes with farming. On the other hand,

is a baller.

11) and in particular,

@AndreCronjeTech

keeps building, so though I'm bearish on YFI as it exists right now, YFI might become something much more powerful over time. IDK, YFI seems much more like a bet on

then a bet on

to me.

12) to be clear I would short sell the shit out of those models attempting to directly project TVL/earnings/etc. of YFI as it exists today. But like I feel a lot less good shorting

@AndreCronjeTech

's building. Lots have done that. Few have won to it.

13) alright, again, I'm ignoring $BNB $HT $OKB etc., and $COMP $LEND $AAVE $BAL etc., because yeah obviously they have real products, also everyone knows them.

14) $HXRO is building some cool shit, as are $CREAM and $SXP and $MATH and $TOMO and $SUSHI. And probably many more than I'm missing.

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15) So a few notes on these. a) I'm not saying it's good to buy these. It might not be! It might be bad! Among other things, some of them are already up a lot. At some point it's no longer cheap. b) I have conflicts here.

12:05 PM · Sep 21, 2020Twitter Web App

16) In fact I *definitely* have conflicts of interest on many of these. Why? Because when we think a project is really cool, we'll often buy tokens. So the fact that I think they're cool enough to mention means we might have thought they were cool enough to buy.

Replying to

17) Again, prices matter, and so that doesn't mean buying now is good. Some of these we never bought much of because we were too late. I tried hard to buy $COMP the day before it listed, but by then it was already up a ton. Oops.

18) Also there a few that would be here, if they ever listed a coin (talking to you,

/ @bluekirbyfi!).

19) Anyway, that just goes to say: This isn't just a customary "not investment advice". I really do mean it. I probably thought most of these coins were good to buy at some point, but for some of them that point isn't now. (For some of them, it is!)