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Cool, thanks for the response. You guys clearly know what you're getting into. Also thanks for the transparency on Union Square Ventures and Andreessen Horowitz

Cool, thanks for the response. You guys clearly know what you're getting into. Also thanks for the transparency on Union Square Ventures and Andreessen Horowitz - makes sense as Horowitz is probably the biggest bull out there on blockchain tech, which is pretty smart IMO. One last question - how big is the potential market? That is, what is your estimate of the amount that Amazon spends on buyer/fraud protection services as a percent of their yearly revenue? Is that increasing or decreasing? To me it seems like the key will be maintaining neutrality for as long as possible. Which should be reasonable as long as you continue to secure altruistic funding (ala Horowitz) from entities that are not looking for an exit on the short-medium timeframe.

narrowrail 11y ago
>as long as you continue to secure altruistic funding I've never heard of VCs being described as altruistic, and it is very far from my experience. Is this something people believe? Also, asking, "how big is the potential market?" seems inappropriate, but ymmmv.
- roymurdock 11y ago
  Once someone accrues enough money, they start to think about their personal legacy - case in point, Bill Gates. Horowitz could be thinking along similar lines if he is willing to be the patron of the blockchain in order to change the future of decentralized markets/fintech forever. I've got my own estimates of the size of the market, was hoping to compare, but you're right - that's pretty sensitive info that the company probably paid for in order to pitch investors.