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The main thing that’s going to come out of this phase of crypto is curated lists of people who are suckers.
by foobiekr 4y ago
The main thing that’s going to come out of this phase of crypto is curated lists of people who are suckers.
- pbhjpbhj 4y agoHalf of Facebook (that's an exaggeration) is stories that are gathering lists of suckers it seems. Presumably, if you like on of those "like to win $100 from Microsoft" type stories then you get a "you won, give us your bank details so we can pay you" message?
- pavlov 4y agoAnd weirdly, many of those curated sucker lists were built up with hundreds of millions of VC funding, so they’re going to be treated like ordinary corporate assets. Take OpenSea. Assuming the NFT hype doesn’t suddenly resurrect itself, there’s no way the company can ever reach 2021 revenues and the lofty valuations it enjoyed in its Series C round. VCs won’t have endless patience for funding down rounds. But the sucker list can be monetized by less-than-scrupulous actors. Maybe we’ll see a special brand of private equity operators who buy these distressed former crypto high-fliers and milk the remaining user bases for years to come.
- dehrmann 4y ago> VC funding I suppose Masayoshi Son will be at the top of the sucker list?