Conversation

SBF
@SBF_FTX
Replying to
@SBF_FTX
8) some people say
@Polkadot
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.
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SBF
@SBF_FTX
9)
@helium
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!
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SBF
@SBF_FTX
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,
@AndreCronjeTech
is a baller.
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SBF
@SBF_FTX
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.
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SBF
@SBF_FTX
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.
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SBF
@SBF_FTX
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.
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@SBF_FTX
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.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
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!)
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SBF
@SBF_FTX
20) Anyway, TL;DR (oops you've already read it): Three cheers to the builders, who make crypto what it is. There are a lot of them, interspersed between the noise. You are the future of crypto, and so the future of crypto depends on you. Keep building.
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