Ignacio 🇪🇸

Not a comment on Espresso specifically, but there's definitely a trend in crypto of projects and investors making long-term decisions based on w/e narrative is most hyped at the time. This almost never works out. In fact, it's probably responsible for incinerating more capital and wasting more of ppl's lives than almost anything else in crypto A few examples off the top of my head: - When GMX took off, every 2nd pitch deck was a perp deck or "GMX for [insert chain] - When Eigenlayer was all the rage, you had a million undifferentiated AVS projects or "Eigenlayer on Solana" - After the success of Base and then Blast, everyone pivoted to building L2s The reality is it simply takes too long to build and launch a project, even if it's just an uninspired copycat idea. By the time they're ready to ship, no one cares anymore as the FOTM narrative has moved to something else. Their "valuation comps" get destroyed, and builders are left having to spend the next few years working on something they never believed in in the first place Most of the things that look like "get rich quick" hacks in crypto are actually traps. They will steal your life and your capital and give you nothing in return The solution is to build something you believe in and that fundamentally makes sense. The market will eventually come to you. Don't over-anchor to hype or to "what the market wants", especially if you're looking at inflated post-launch low-float high FDVs as your barometer of what the market wants. As Osho once said: "the ppl are retarded". This is especially true in crypto markets