People are now pitching "tokenized SBET" What's next, dehyd | 0xfoobar on Binance Square

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People are now pitching "tokenized SBET"
What's next, dehydrated water packets?

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People are now pitching "tokenized SBET" What's next, dehydrated water?

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The legibility trap: defining a market can break it - tokenized attention degrades all CT - cash is fine but blockchain privacy is illegal - liquid governance collapses Downs' paradox - flashbots pushed all transactions into private RPCs

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Refreshing to see the stripe x privy acquisition. Real app with real users solving real problems. No vaporware infra token fugazi. Crypto markets maturing 💪

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Everyone is ravenous to invest in Tether, the best business on planet earth - $155 billion total supply - over $1 billion surplus profit every quarter - over $10 billion in gold/btc holdings - with only a couple dozen employees But you can't, so Circle/Plasma are proxy bets

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Circle sold $1 billion of CRCL shares yesterday in a 25x oversubscribed IPO at $31 each Now it is trading at $88 in public markets Maybe they should have just…raised the price and made an extra billion? 25x oversubscribed means you are priced too low, that’s the market signal

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