Pinned
ETH has spent four years building one of the largest consolidations in crypto.
Consensus is this is evidence of failure.
Suspect it’s actually closer to patience being exhausted
forcethehabit
1,602 posts
forcethehabit
@forcethehabit
Entrepreneur. Investor. Penchant for JPEGs.
Joined December 2022
00:00- if buying punks now is buying btc in 2012, then opepen and checks is btc in 2009 they are still pre-consensus - the quiet phase all era-defining assets pass through in 2012, 99.9% dismissed bitcoin. in 2016, they dismissed ethereum. in 2017, they dismissed punks. imo, that’s
- opepen will end up being in the same cultural tier as cryptopunks. and right now the floor is around $600. i suppose the question is, if you think this is more likely than not, why don’t you have at least 1 piece locked away for the future. risk is capped importance isn’t
- seems like most people are starting to accept nfts will have their second cycle - the confirmation phase. after every first bull run, it’s normal for 90% of assets to get wiped out. what follows is the survivors’ cycle – where real builders, artists, and culturally significant
- eth to $20k punks to $1m single checks to $1m still think it can all happen this cycle.
- opepen and checks are so insanely mispriced
- nfts and digital art aren’t dead and never were. people mistook tight liquidity for irrelevance, then layered emotion on top. they’ll do the same this cycle
- when sentiment changes you’re gonna really regret not buying those jpegs you’ve been watching trust the process. gm.
