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According to USV, the reason is that the underlying technology is really exciting and has lots of potential: > The (original) internet brought us a world where
by leroy_masochist 9y ago
According to USV, the reason is that the underlying technology is really exciting and has lots of potential:
> The (original) internet brought us a world where any site could link to any other site, and they could all be accessed from anywhere in the world. This was the first interoperability revolution. The next one will be with data and digital assets. For a long time, data has been the property of platforms — with cryptonetworks and cryptoassets, data can live outside of anyone platform, under the control of users. This has the potential to open up a lot of innovation. [0]
Matt Levine as usual had a bit of fun with this:
> Look: They are right, and I was wrong, and I am sorry. I thought that CryptoKitties was just a game that allows you to buy cartoon cats on the blockchain, and I thought it was silly. But I completely missed the point. CryptoKitties is actually a game that allows you to buy cartoon cats on the blockchain, and put little hats on them. [1]
[0] https://www.nickgrossman.is/2018/zombies-eating-kitties/ https://www.nickgrossman.is/2018/zombies-eating-kitties/
[1] https://www.bloomberg.com/view/articles/2018-03-22/when-margin-loans-go-wrong https://www.bloomberg.com/view/articles/2018-03-22/when-marg...