A common lament on Internet forums is how a particular token/blockchain is “undervalued”. What is this this based on? What does it mean? Let me assure you, at this point, no one really knows. The vast majority of the notion is simply emotional responses based on little analysis, technical or otherwise. As I have done […]Read more "The Question of Valuing Blockchains (How do to *what*?!) #defi #dopefi"
When it costs 5x to get your rewards as they’re worth, what is your liquidity? So fellow humans, you are holding ETH. Congrats! People are starting to realize what ETH is capable of (most people’s money isn’t Turing Complete….tulips certainly never were) and people are getting excited about it. Now…here’s a challenge: You’ve invested about […]Read more "ETH at ATH: What does this do to DeFi?"
This is a response to this article here…. Even though Coinbase’s revenue surged over the past 12 months, the company has little to no chance of meeting the future profit expectations that are baked into its ridiculously high expected valuation of $100 billion. Let’s be clear from the get-go, I think $100,000,000,000 is a baseline […]Read more "Coinbase valuation should *start* at $100,000,000,000"