and it is true that this worked a few times
Shit Punk Says
Oceans of Wisdom
15,962
matching drops
#1174313
2026-07-07 16:25
i mean i understand that sellers of NFTs like the idea that there is a pool of buyers who want to pay small edition prices for art but get large edition supply
not 1/1s and editions
posters
flyers
flyers
tickets
and of no importance at all
which is why they are basically now minor charity type things
every open edition has been a disaster for collectors
nobody obviously; it is projecting behavior on collectors that does not exist
so with all this background
if you have doubt, how many NFT projects are on their original roadmap
and in both cases it would have been over
I would have either listened to the mob or peaced out
and I think if it was anyone other than me
2 years of hangover
1 month of party
it took me 2 years to clean that up
what killed Art Blocks
which is of course
and then everyone says "maybe we should stop minting because SUPPLY IS TOO HIGH just long enough until PEOPLE ABSORB IT"
they tell everyone the founder is an idiot who does not know about supply and demand
they tell everyone the project is a rug
they yell
well they sell obviously
what do they do?
that are now .1 ETH
who bought things at 1 ETH
overwhelming waves of upset people
and you will never guess what comes next
without any exception
it forms a 1-2-3-4 week pump
that has any visibility
without any exception
it is what happens to every single new crypto project
there was no way the 50% price increases per day would keep going
the problem is not that high prices aren't nice
words that I think have never been said in crypto
I went out and told people umm maybe prices are too high
you will remember that to everyone's shock I went out at peak SZN2 prices soaring
and because I am well, I dunno, I understand things
they are the lesson of success-in-crypto can kill otherwise promising projects
because they are very important
I want to go back to the lessons of SZN2
and judged it right
how much of a push it needed from me
i waited to see
he could have bought more cards
i would not have stepped in if there was