fadetospace.eth 🦇🔊

Web3 applications and Darwin: a shift in technological evolution 🧵

Golden Friend sold for 469.69Ξ 100% to charity opensea.io/assets/0xf4876…

Ahh, this is what I hope the metaverse will feel like! Thanks @Hlebaster ;)

@OrlandoGomezzz @FlowerGirlsNFT

@EB7 No deadfellaz?? 🧐

My Current Bag: 1x BAYC 1x BAKC 1x Neo Tokyo Citizen 2x Doodles 11x Coolmans (10 floors and 1 one of one) 9x Terraforms 32x Adidas 5x Quirkies 1x Skuulpture 13x SheetFighters 50x gamble plays of different kinds What are some projects I must buy? Apart from azuki, already buying

@holly_longoria @Deadfellaz welcome to the horde! 💚

Horde follows horde. Post below to say hello and I will be following everyone with a @Deadfellaz pfp. Heading to bed and looking forward to seeing your beautiful pfps in the morning!

@parissolati @joso8181 @RooBoy15907513 @BoredApeYC my personal favorite, it's called @flooredApe

@fadetospace @joso8181 @RooBoy15907513 @BoredApeYC Also which app/website can you see this on?

So an 11 year old kid stoped me in public and commented on my @BoredApeYC hoodie. He showed me his meta mask with $27 dollars in it and asked what NFT he should buy. I told him I’d get him one for $200. What NfT should I get him for under $200?

@joso8181 @RooBoy15907513 @BoredApeYC Whale in the making, 0.89 floor value already - gotta love the web3 community!

@RooBoy15907513 @BoredApeYC 0xdE9E8c8AbBa814C916FBC318e135b823223671BA , this insane kids going to have more nfts than me after this Lolol

@packyM people want big headline valuations… good for setting stock options, good for marking returns on investments

Why is liquidity preference still a thing?

@amritpaldesign dm sent!

Excited to introduce Medusa Toy Face, 30 editions are available at 0.3 ETH each. DM with your wallet address to get a private OS link, first come first. Please share the word around.

💘

Amazing end to the week! 'Corporate Explainer' my first piece on my new FND collection was picked up by @fadetospace for 0.6 ETH ✌️thank you for supporting my work ✌️

@gigioambro Sure, but you can only have this kind of assumption if you look at other variables and think about valuing the protocol with some other mental model. My point here is just that this dcf can't possibly have a dollar value for eth since all of the revenue is paid in eth...

@fadetospace A way of thinking about this could be assuming some certain price of ETH (say 3k) as representative of a theoretical minimum demand for ETH as a utility to make the network run. The consequent DCF with 3k as an input could be thought as some sort of "valuation floor".

ETH is a great asset, but be careful with DCFs. A short thread on the problems bakend into @ryanallis model. @bankless 🧵

@chadbensonw @bankless @ryanallis @AswathDamodaran these are my 2 cents on it twitter.com/fadetospace/st…

📈Why $ETH is going to $3T 🚀 🚨LIVESTREAM🚨 @ryanallis has produced a Discounted Cash Flow model for $ETH The output of this model...? $3T+ #Ethereum GOING LIVE SOON - 11am PST - 2pm EST youtu.be/yB9hrM90jJQ

@DeFi_Keith @ryanallis @bankless you're exactly right - there is an inherent circularity in the model. twitter.com/fadetospace/st…

@Cryptovesty @bankless @ryanallis exactly! it's weird that this wasn't mentioned... did a short thread on this point twitter.com/fadetospace/st…

@bankless @ryanallis This is a very interesting take. Nice to see a trad-fi valuation model applied here. One issue i noticed is that because Price = Fee Revenue (higher price, higher revenue) there is an inherent circularity to valuation model. As prices rise, so do fees that underpin the valuation

@AdrianoFeria @bankless @ryanallis With 40mm eth staked, validators will have an all in yield of around 6,5%. With 65mm eth this comes down to ~5%. If yield come down, stakers unstake and yield goes up again. Of course, some directional bet on eth will always be a part of this equation

@AdrianoFeria @bankless @ryanallis the model doesn't run any sensitivities on the amoun of eth staked -> this should balance out with a yield that's attractive enough relative to other market opportunities

@AdrianoFeria @bankless @ryanallis exactly, there is no single source of truth. you must understand the strenghts and limitations on the analysis you're making -> twitter.com/fadetospace/st…

@bankless @ryanallis $ETH is a beast of an asset. You need to apply multiple valuation models simultaneously to get closer to the real thing. Cash flow + S2F + Metcalfe's... they are all applicable and additive. Better yet, they reinforce each other.

@bankless @ryanallis Be careful with models! Short thread on the problems baked into this type of analysis twitter.com/fadetospace/st…

At the end of the day, eth will have value if there is demand for the product it is selling (block space). Beware of MBAs brandishing their models as a source of truth. DCFs are like the Hubble Telescope. Move your settings by an inch and you end up in a different galaxy

btw, I'm very bullish on eth here. The burn and the staking rewards make for a very sound monetary policy for this nation of ours. But seeing the way this DCF is being treated reminds me of Dennett's quote "There's nothing I like less than bad arguments for a view I hold dear"