Actually, it hurted the most to me when people were lauding praise on Gitcoin in 2022-ish, but it was the DAO was spending $1.1m/mo and not really shipping product that had product market fit… and the bear was coming… and I was on the outside not able to help or do anything because I had disaffiliated to promote decentralization. Complete heartbreaker! I had a pit in my stomach a lot of the time back then.
Today, I am one of the most critical of Gitcoin, because I want it to be better always. I want it to be protopian, eg getting better every epoch (quarter, month, week)…
Appreciate you showing up and caring! I dont mind you being critical of Gitcoin. Because you seem to want to maximize Gitcoin’s value, I’m trying to guide you to constructive criticism. Constructive = value creation.
I’m not sure at what cost you acquired your GTC at, and what your investment thesis was at that point… but…
This is not financial advise, DYOR, dont make any financial decisions based on this … But I actually think that the market has converged on a valuation close to what a fair expected value for Gitcoin is, recently. EG the FDV of Gitcoin is about $35million and the SubDAO economics (according to the math below) show a valuation within the same order of magnitude. Whats funny about 2025 is that the Gitcoin treasury has never been worse, but the actually business has arguably never been better! From GTC SubDAO Tokenomics:
Can that be increased? Yes. (Play with the numbers in the spreadsheet to see how.)
Can we promise that? No.
Can the broader Gitcoin ecosystem work towards it? Yes.