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Ein Kommentar
Here is the funniest thing about crypto. Most participants aren’t pricing development they care for their use, be it as technology, ideology or pure speculation.
They are nearly always pricing somebody else to care about what they are funding. This is why most think price should follow narrative alone, not the quality of executing the said narrative. Since they never really use it or care to use it, they don’t actually know how to assess the team’s quality of execution. As they don’t know, they never learned to care and hope others, who will buy their bags, will share their same lazy bias to not care but just buy.
This is why we have huge circus of clowns larping as Web 3 experts on Monday, “serial rugging trenchers” on Wednesday, “AGI” experts on Fridays, “cypherpunks” on weekends. Context and content never mattered. So they have no problem changing makeup every second.
In the real world, when ppl say “it is a narrative”, they mean it is a possibility they are building towards. In crypto, “it is a narrative” means it is just a lie you and I both know has no substance but the hopium is it would create a catalyst to start another game of music chair to rug each other’s liquidity.
It is with this sickening mentality, the mfers here hold no remorse when noobs get rugged and the said mfers were the ones once shilling the noobs the rugged project was destined to be the next Anthropic.