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VCs also swipe left on Blockchain. I think we are going to see more "spaces" being abandoned left and right as we are entering the end of low interest rate capi
by brilliantcode 10y ago
VCs also swipe left on Blockchain. I think we are going to see more "spaces" being abandoned left and right as we are entering the end of low interest rate capital.
- elastic_church 10y agoThe blockchain model is able to self fund itself. What is called 'traditional' is undermined by blockchain projects, so every body trying to be an intermediary blockchain service simply subsidizes the building of tools that accelerate their obsolescence along with the industry they were trying to disrupt. The VC model is a round peg for a square hole in the blockchain space. As a single datapoint: Melonport's offering was crowdfunded in two minutes today, and that was on top of the Ethereum blockchain. And you should watch what is dubbed the "ICO" space.