Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
History
Creator Center
Settings
mteamisloading
--
Follow
the based and native and immutable rollup propoganda will not stop until morale improves
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
0
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
mteamisloading
@mteamisloading
Follow
Explore More From Creator
A couple weeks ago a debate between @smyyguy and @_Jonahw aired on @theempirepod . Jonah made a point along the lines of: we need to forecast a forex rate when doing a DCF because yield for stakers is native yield (denominated in the staking token of the L1, not in USD). Dan returned that forecasts for amount of activity is often denominated in USD. He also makes the point that native token price doesn't proportionally affect that amount of activity in USD (i.e. 10% drop in ETH doesn't mean 10% drop in USD denominated amount of activity). Combined these indicate that the forex rate is kinda being double counted and thus doesn't need to be considered in the DCF. Jonah kinda dodged this point and emphasized that stakers are getting the native asset, not USD. I think this misses Dan's point by not getting at the idea that future cash flows are not (entirely) denominated in the native asset, so there is inherently some exchange rate already. I think it's interesting to think about my own user behaviors. I still think about gas fees in USD (i.e. subcent fees on Base is better than 30c on mainnet, not ETH). My demand to transact on Ethereum, though, isn't really denominated in ETH or USDC, it's denominated in the utility that it provides to me and the opportunity cost of the fees i need to pay. For example I spend much more freely from a crypto debit card I have vs a bank-issued card I have. It's the same USD cost, but it's annoying to withdraw to my bank. On the other hand, I have no idea how this translate to analyzing a population of users' aggregate demand to transact—could be much different from a macro perspective.
--
All the smartest people I know in crypto listen to crypto podcasts regularly
--
testnet infra wasn't working so we're testing on mainnet i love this company
--
what crypto projects are onboarding the most developers right now?
--
Introducing Silencio A Kaito-powered platform to bribe LOUD people to stfu. Rewards are only unlocked if bribed creators don't mention loudio for an entire week. Initial Peace Offering later this week. DM for invite code (beta testers have already bribed over $1M 🤯)
--
Latest News
Canada Abandons G7 Joint Statement on Russia-Ukraine Conflict Due to U.S. Opposition
--
Tron to Go Public Through Reverse Merger with SRM Entertainment
--
Pumpfun Project's X Accounts Restored After Unexplained Suspension
--
GENIUS Act Advances in U.S. Senate Amid Crypto Industry Debates
--
SEC Delays Approval of Franklin XRP and Solana Spot ETFs
--
View More
Trending Articles
🚨🚨 XRP Lawsuit Twist — Appeals Frozen, Massive Decision Incoming by August 15🚨🚨
Crypto Nate
A big teaching lesson for those who understand: Low IQs wi
CryptoDesk1233
🚨BREAKING: A guy just sold his house, car & kidney… …to buy
CryptoNews Dady
Trump abruptly leaves G7 summit in Canada, says it’s unrelated to Israel-Iran ceasefire
Cryptopolitan
🚨 BREAKING: Elon Musk Just Dropped a Bombshell... And It's
DEZ_ENA0786
View More
Sitemap
Cookie Preferences
Platform T&Cs
