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Garrett
@garrett
Crypto Twitter is losing its mind over this $4B Pump ICO
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Zach
@zd
ya the polygon guy is clearly angry - so not gonna comment on that but chainyoda has a point that peter is ignoring: because token price is decoupled from equity value, buybacks don’t necessarily make a company more valuable sure, they may pump the token price, but that doesn’t mean value was created by or for the company
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Garrett
@garrett
yeah i’m very interested to see the mechanics around the buybacks and any other ways they plan to bring value accrual to the token i’m cautiously optimistic that this isn’t just a mass extraction play but i guess we’ll see
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Zach
@zd
the more i treat all crypto assets like memecoins, the more money i tend to make buyback shmuyback - does it have attention or not?
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