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A robot just finished a job.
It signed the receipt itself.
The cash went somewhere nobody can touch.
And somewhere, a token got a little more valuable.
No one pressed a button.
Soon. 馃
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Onwards
Seeing a lot of teams rugging now that volume is gone, and money isn鈥檛 coming easy.
This is the part of these mini cycles I love, washing out the froth and trimming the fat.
A full reset.
Now you really see who is here for the long term versus who's trying to make a quick buck.
Anyone choosing to continue to build now, despite a ruthless onchain environment and an unforgiving market, has my respect.
This is where you earn your stripes.
These are projects worth investing in.
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Here's to the crazy ones.
The nerds. The financiers. The gamblers.
The twelve traders in a decision market deciding a founder's cliff.
The ones who committed 32 million and got 31.75 back.
The ones who voted on the terms, then voted on the terms again.
They're not fond of rules. Especially the ones they wrote last quarter.
You can quote them, disagree with them, re-run the market on them.
About the only thing you can't do is hold them to it.
Because the people who are crazy enough to think a vote is a contract
are the ones who find out it isn't.
Some of those businesses are starting to work out.
The rest are starting a new proposal.





