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Yes, but is the value proposition really $2.5 billion _pre-product_ for a team of maybe 20 (not sure exactly how many people are on Protocol Labs payroll)? And,
by Taek 9y ago
Yes, but is the value proposition really $2.5 billion _pre-product_ for a team of maybe 20 (not sure exactly how many people are on Protocol Labs payroll)? And, did people actually do their diligence? Did any of the investors confirm with qualified academics and blockchain specialists that their Proof-of-Spacetime paper is secure and functional?
Or did the market blindly throw $186 million in one hour into a hot deal because it's the hottest deal?
Juan has been saying for years that one of their primary goals for Filecoin was a token sale to fund Protocol Labs.