PreRich (World’s biggest Dick: 100CM)

maybe i'm midcurving, but i don't understand pearl-2:native as an investment. don't get me wrong, i loved the idea of proof of useful work when i first heard about it, and i still do. @prlnet is innovative tech. i just don't see it as an investment. it has: > no cash flow to holders today, so for now the case is monetary like BTC. but BTC's supply grows ~0.8%/yr. PRL's circulating supply grows ~90% over the next year > at $1.35, that's ~$1.4M/day of new supply going to miners who have GPU and power bills to pay, against $2 - 6M of daily volume > AI customers pay for inference in USD, not PRL, so the useful work doesn't create demand for the token > no moat yet. nothing stops someone from forking bitcoin and swapping in their own proof of useful work for AI compute. BTC's moat is 17 years of network effects, PRL is 5 months old > only ~16% of the 2.1B supply has been mined, so a ~$455M mcap is a ~$2.8B FDV > all spot volume is on two small exchanges (SafeTrade and BigONE) with ~$35k of bids within 2% of the price so if you're trading the narrative short term, i get it. but fundamentally the tokenomics are unsustainable.