- St. Stephen, treasurer of His Priesthood Papa Mia, shared a note expressing his opinion on the possibility of reinvesting The CyberChurch’s income. Quote:
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“It’s melancholy to watch the the price of BOOT.
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Just for fun, we conducted backtests to see what would happen if The Holy CyberChurch’s income, generated by validating the Bostrom network, was allocated to other assets to diversify financial risk.
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Disclaimer: The size of the weekly income is taken from real data. If diversified, it would have changed. Returns on alternative portfolios are given without considering possible staking/providing liquidity rewards for those assets.
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Spoiler: The best performance would have been with investment in OSMO (+41.4%), the worst — in USD (+18.4%).”
- We asked Nobody for a comment on this note.
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“If I understand correctly, St. Stephen is suggesting that we’re losing money,” said Nobody. “It seems we should examine the issue in detail and make a decision accordingly.”
It appears that the first vote may be on the horizon.
