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What even surprising is lots of HNers are really strongly against blockchain projects while YCombinator themselves have invested in several blockchain projects[
by malikNF 6y ago
What even surprising is lots of HNers are really strongly against blockchain projects while YCombinator themselves have invested in several blockchain projects[1]
[1]https://www.ycombinator.com/companies?query=cryptocurrency https://www.ycombinator.com/companies?query=cryptocurrency
- rainbow-road 6y agoInterestingly, all of those either use cryptocurrencies as an investment, or merely provide cryptocurrency-based tools (of questionable utility), and leave the problem-solving to their users. Why mine (fool's) gold when you can sell shovels?
- dk8996 6y agoMost Crypto projects are raising money via ICO route without dealing with VCs, cap tables, and board seats. Most of these projects will fail, just the nature of innovation. Few will succeed and change the world, I will argue that Eth (one of the first ICOs) already changed the world.
- zucker42 6y agoProtocol Labs seems to be one which is actually trying to solve a problem rather than just being a tool to buy or use cryptocurrency. Your description is probably apt for the rest.
- dang 6y agoThe HN community is millions of people all over the world, many of whom identify strongly against SV, startups, or whatever they imagine YC stands for. So it's complicated.