/biz/ - Business & Finance

>>13308744
So, there’s my thesis. Half of my investment is actually in the company, which I think will be the spine of the early network. The concerns about the lack of moat are valid, but not when you consider that they have a kind of first-mover on steroids.

People also underestimate the amount of business acumen involved on their team. Think about BnC. One of the few providers we know are going to be working with Chainlink, and one of the few providers advertising as such (check their Twitter this morning). They managed to convince BnC to TAKE LESS MONEY. BnC would LOVE to keep node operators as individual, atomized agents trying to negotiate on their own behalf. But, then They stepped in and got the community a deal. Nobody seems to get how foundational that will come to be.

But I do want two things from them:

1. The valuation. They need to respond to the community on this one. Even the folks who aren’t rabid FUDsters have called them out.

2. Show me the code. I’m more bullish on Them than most (signing BnC before Chainlink even announced was big and really made me come around to them), but I’m not putting down anything until I see how the STO will function.

The smartest of you know that my thesis isn’t the real public service, however. My good deed is a wake-up call. You all need to GET TO WORK.