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No, but the VC world has been ill equipped to attempt to profit in this sure to profit way in the blockchain space. A lot of capital backed projects in the blo
by cloudjacker 10y ago
No, but the VC world has been ill equipped to attempt to profit in this sure to profit way in the blockchain space.
A lot of capital backed projects in the blockchain space were attempting to "responsibly not buy the speculative asset because we don't want to lose money irresponsibly", and they all lost money irresponsibly because they couldn't find a way to make any money
There are ways to improve the blockchain space, with capital, and it so far requires getting capital into the tokens itself.
- doctorpangloss 10y ago> Now, instead of just normal network effects, there’s also monetary incentive network effects built into this protocol. That kind of sounds like a multi-level marketing scheme. Is that a more responsible way to make money?
- cloudjacker 10y agoIt is direct investment into a new asset class There really is no rebuttal to the clever savant that makes this observation whether you are at a VC fundraising event, an Amway meeting, or talking to Charles Ponzi himself