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If you have trouble figuring out which layer 1 blockchains are investment worthy, it’s not your fault. There’re more L1 chains than Italian restaurants in NYC & things are changing fast. Hard to keep up. Let’s go through major L1s one by one & assess prospect for each. Note ’tis my opinion & not investment advice. I try to tell it like it is. If I don’t say nice things abt your bag & you…

Many people try to value layer 1 blockchain tokens like stocks. That’s absurd. Instead of pricing Ethereum, Solana & so on like *companies*, you should price them like *countries*. Here’s how. The #1 wrong way to value layer 1 tokens: earnings multiples. Some people apply value investing framework for stocks to blockchains, and come up with price/earnings, price/sales ratios for ETH, SOL, AVAX, etc. Unsurprisingly, these ratios look astronomically high. So high that they’d give…