> Venture capitalists and entrepreneurs are betting the emerging Web3 space is the next generation of the internet Venture capitalists that are "betting on cry

> Venture capitalists and entrepreneurs are betting the emerging Web3 space is the next generation of the internet Venture capitalists that are "betting on crypto" are not, in fact, betting on crypto. They are committing securities fraud en masse. 1/ Invest in crypto startups 2/ Let them offer tokens to the public, which are, in effect, unlicensed securities (that's the fraud part) 3/ Either wait for the value of the startups to skyrocket, or, even better, obtain the crypto tokens for cheap and resell them yourself in exchange for real money 4/ Profit! Cf. this video by a Berkeley CompSci professor https://youtu.be/J9nv0Ol-R5Q?t=2733 https://youtu.be/J9nv0Ol-R5Q?t=2733