Yeah once you loose all the steel components and put alloy wheels, cranks, seatpost, stem and handlebars you should have a sup 25lb fixie. Then you can wait for a better frame to come your way and swap the parts over later.
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1 Super Record bike, 1 Nuovo Record bike, 1 Pista, 1 Road, 1 Cyclocross/Allrounder, 1 MTB, 1 Touring, 1 Fixed gear