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Which bad actors? One way MA manages at least some of them is by not investing in them, and instead investing in high quality teams. That’s a large part of th
by SkyMarshal 5y ago
Which bad actors? One way MA manages at least some of them is by not investing in them, and instead investing in high quality teams. That’s a large part of the value-add of professional VCs, be it in blockchain/web3 or any other domain, that they have the expertise to discern legit teams from scam ones.
- MaknMoreGtnLess 5y ago> Which bad actors actors on the blockchain > That’s a large part of the value-add of professional VCs, be it in blockchain/web3 or any other domain, that they have the expertise to discern legit teams from scam ones. That's a tiny part of it and as useful to society as hiring away nuclear physicists to work on ad prediction and tiktok recommendation algorithms.
- SkyMarshal 5y agoVetting early stage ventures is actually a large part of the VC job, not a tiny part. It's the entire reason for the accredited investor laws, to make it more difficult for scammers to scam the public.
- verdverm 5y agoI see it as more how do we allocate resources to better causes in society, something blockchain based ecosystems purported to solve, but have this far not, exactly because it is a social problem not a technology one. Blockchain makes all of these things harder and more complex. I have yet to see something a blockchain can do that we could not with existing technology. The supposedly better incentive structures aren't and are rather the opposite from what I can tell.