Mike | Abundance 🌟 pfp

Mike | Abundance 🌟

@abundance

379 Following
1555 Followers
Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
blocked
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
ITAP
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
we're being perpetually distracted for sure
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
the trillion dollar question..
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
be the change you want to see.. :)
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
don't know who this is aimed at but you're most likely correct πŸ˜…
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
the valuation may be but for sure they know what % of the shares they own..
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
it shouldn't be. If I tell you investing in my token gives you tokenized shares of SpaceX or whatever, the assumption is that the market cap of those tokens should match SpaceX's expect market value (and not, say 0.01% of that value)
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
ok that makes a lot more sense. and seems they need to state that explicitly since I didn't see it in their docs
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
I see. if that's the case then it's a "safer" investment seems the marketing obscures that bit tho, which can confuse investors (ie investors need to know exactly how much equity Republic has, or they're investing blindly)
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
so they're saying that they tokenized OpenAI/SpaceX etc but they actually tokenizing *their own share* of those companies?
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
right..
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
how tho? you have 2 companies offering 200% of the value of both OpenAI and SpaceX
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
there is no peg..
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tip.md | 1st Crypto BMAC pfp
tip.md | 1st Crypto BMAC
@tipdotmd
Very excited to have @betrmint be the first to implement the deeplink feature. @toadyhawk.eth is the one that initially requested it and I love to build features users need. Here it is in action. If you want to use it for yourself (supports usernames) or your miniapp, DM for your link
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
seems like this all may blow up in people's face. you have both Robinhood & Republic offering tokenized stocks of the same companies (so already 200% of the value). presumably they need to take the reverse bet on these companies to meet their obligations to investors https://farcaster.xyz/abundance/0x9329501d
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
how do I sign up? πŸ˜…
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
but is it fully backed by their stake or they're not offering 100% of the tokens to trade? (ie. fully supply != circulating token supply) it all seems very sketchy to me. if I understand the logic (and I'm not sure I do) you're essentially trading against Robinhood (and/or Republic), and since they're offering the tokens they seem to think that they'll beat investors in this game
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
eli5 tokenized stocks. other than pure speculation with no connection whatsoever to the performance of the company, what gives these value?
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Mike | Abundance 🌟 pfp
Mike | Abundance 🌟
@abundance
the photo carousel UI on desktop makes no sense
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