Effective Capital

Dudes investing in bitcoin like omg it will go to 200 k bro go buy Apple stock

Most of you wouldn’t make it past the first-round interview at a major investment bank, let alone PE or a hedge fund. You punted some crypto in a bull market, made a bag, and now think you’re a genius. You were mostly lucky What’s wrong with his argument? Oh, checks notes… JPMorgan generated $178B in net revenue and $57B in net income on $2.5T of deposits. He probably thought he was making a stronger point by dismissing my MAUs benchmarking of tech companies crypto tries to emulate on network effects to justify absurd valuations. And when that doesn’t stick, they pivot to TradFi to see if those multiples magically make crypto make sense. “Bro, crypto is growing faster. The market pays for growth, not value” On what metric? - Active users? No - TVL? Mostly stablecoins The lazy “TAM is huge” analysis collapses in the absence of monetization (and increasing infra competition). Once you actually look at protocol-level metrics, you see: - High user churn - Weak monetization - TVL growth that doesn’t translate into real economics for L1s JPMorgan monetizes its deposits. Crypto L1s? Nowhere close to monetizing near the value they’re implicitly claiming. And yes, maybe this kind of logic flies when you’re doing early-stage venture. But Ethereum at $380B or Solana at $80B isn’t early-stage and it isn’t exactly venture These are mature-stage valuations being justified with seed-stage reasoning No matter how you slice the math, valuations don’t make sense for most protocols at this point - especially L1s It’s lazy analysis, sexy but constantly evolving narratives on analogies layered on top of bag bias over and over again

dont ever say im not responsive

Yeah guys let’s squeeze this guy’s 10 million position on (hyper) liquid perps while he dumps billions spot on nance / otc - we can do it Reddit! HODL apes!

Why haven’t we created a decentralized stablecoin yet? You put in $1 and $1 gets added to the market cap. The $1 you put in is stored under my mattress and if you come to my house you can redeem. One where nobody is making interest on the money via Tbills and Bonds, and is purely there to live up to its name. Seems simple enough, what am I missing?

If you’re looking to invest in AI, consider second order effects. For example, it may be a good idea to consider companies that produce antipsychotic medication like Seroquel, which will be useful to sedate all of the newfound AI philosophers and experts.

What’s best way to farm a airdrop USING GITHUB METHOD. Can I hire some engineer on fuvrrr to help??? $30 budget

Ur telling me the black dude who lives in Dubai who made a video telling people to buy bitcoin at $10 deserves to be a knight? Are you smoking crack. Give me mommy AOC any day