Let me just say... Well done @nader ...

I know we do not stay in touch often and the circumstances are irrelevant to what I am going to say:

$DeSo is more 'fair value' at this point in time than 90% of the assets in this industry.

The fact that the price went down due to collateral being held in BTC or ETH is very small in terms of what I have observed from my perspective...

BUT... LIQUIDITY. It is the single and most important factor to any web3/crypto solution for many, many obvious reasons.

Although early investors may have lost value in usd; most users were able to acquire the knowledge to 'scale' (even if small) their progress and earn possibly more Deso over time than the new users'... even at the lowest price of ~$5. This is extremely valuable in my experience.

The decisions, whether calculated, or not...(according to @SirGuy Nader is genius and did this intentionally) to hold a stable amount of USD against BTC/ETH holdings' patiently... to then realize a 'stable' coin for the economy backed in actual fiat...is a VERY rare feat. in the current markets as we have ALL seen. The difference between DeFi and a product such as DeSo in this case is the security of simplified collateral BECAUSE of the social identity and the transparency that comes with it.

I am very, very bullish on Decentralized Social Media and will be making a large(r) investment into the protocol in due time.