Tech IndustrySep 28, 2022
LyftUlt1

Opportunities at Layer 1 crypto companies

In terms of potential risks and rewards, if you wanna join an L1 company, would you rather be joining a larger company like Avalanche or Dfinity that already had a coin offering launch and is down like the rest of the crypto market or earlier stage companies like Aptos and Mysten labs that might have higher potential but also higher risk? Please share your reasoning for pros and cons. #crypto #avax #blockchain @aptos @dfinity @avalanche TC: $500k

Coinbase coinbase69 Sep 28, 2022

None of the above, those are all centralized garbage

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FA95 Sep 28, 2022

More risk = More reward

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stonkbae Sep 28, 2022

Get in somewhere early and negotiate. The gains are massive if you choose the right project and you join during a downturn. That’s the key tbh, join in a bear market and have your “crypto equity” be evaluated at bear market prices. Or join when the tokens are literally in the process of being split ie right when tokenomics are being designed.

Lyft Ult1 OP Sep 28, 2022

Thank you! This is insightful. Would you consider any of those listed above a “right project”? It seems to me that they have some core tech advantages but obviously it’ll be hard for any coin to compete with ETH ecosystem.