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For venture capitalists like the article author, the primary objective isn't fixing problems or making things better, it is about making money. He even makes th
by astoor 5y ago
For venture capitalists like the article author, the primary objective isn't fixing problems or making things better, it is about making money. He even makes this explicit in the article: "cryptonetworks align network participants to work together toward a common goal — the growth of the network and the appreciation of the token", i.e. the common goal is to not to provide useful new functionality or to improve upon things in some way, it is quite simply to get new members to join their cryptocurrency schemes and in doing so make existing members of the schemes more money.
BTW, original discussion on this article from 2018: https://news.ycombinator.com/item?id=16410478 https://news.ycombinator.com/item?id=16410478