None of this makes any sense unless the international system of law confers some legitimacy on blockchain assets. When a VC sends a wire transfer to a company

None of this makes any sense unless the international system of law confers some legitimacy on blockchain assets. When a VC sends a wire transfer to a company after signing a set of financing documents, he knows that state, federal, and international courts will enforce the terms of this financing. If the entrepreneur's company becomes successful and is acquired or pays dividends, the VC will be able to use the armed power of the state to get his rightful share if he is denied it. If the entrepreneur takes the cash and flees to Spain the Spanish police will arrest him and return him to the custody of the United States courts. That's what gives the VC the confidence to wire $100m and without that, it won't happen.