As we currently stand the tradeoffs for Blockchain based companies make no sense in the business world. The author's conceit is that Blockchain based businesses

As we currently stand the tradeoffs for Blockchain based companies make no sense in the business world. The author's conceit is that Blockchain based businesses trade scalability for "trust" and that new business opportunities will be unlocked due to this capability. The problem with this idea is that trust is currently not a limiting factor for most businesses. Centralized services are trustworthy enough for the majority of consumers and are far cheaper to run at scale. Every single blockchain based business idea I've heard of would be better suited as a centralized service. It is my strong belief that a16z will lose their shirt on this fund.