Uneasy Money: Is Jupiter Incompetent or Evil? And Is Hyperliquid's ADL Flawed? - Ep. 976

Bullish:

• $PUDGY - Pudgy Penguins has strong product-market fit and is undervalued compared to heavily funded projects without PMF, suggesting potential for significant upside

  • “I have insane product market fit, and if I had a $100,000,000, like why hasn't Paradigm ever reached out to me or any of these guys who are cutting $100,000,000 checks on things with no PMF”

    Luca·49:30

Bearish:

• $TOKENIZED - Tokenization creates infinite reputational risk for founders regardless of business performance, making tokenized projects fundamentally flawed from a risk-reward perspective

  • “The downside of having a token is infinite. Like, even if you do make some money from launching a token, right, But whether you whether you do or don't, the downside is infinite.”

    Kain·59:20
• $JUP - Lending protocols have historically been the source of most crypto failures, making Jupiter's lending business particularly risky

  • “Thing is just lending's where everyone's blown up in the past. That seems to be, like, nine out of the 10 blowups come from some sort of lending mechanism. That's the one place in crypto I'd be afraid to build.”

    Luca·0:00
• $DESOC - Decentralized social networks have failed to compete with centralized incumbents, with even other centralized networks gaining more traction

  • “We have utterly failed to beat the largest centralized incumbent in history in this vertical. Right? Meanwhile, there are other centralized networks that have actually gotten more traction”

    Kain·53:13