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Andreessen Horowitz wants you to keep buying crypto
- dotcoma 3y agoOf course they do! They more they scam you, they more they make.
- timmg 3y agoPersonal anecdote: I was being recruited by an early startup funded by a16z. It was not a crypto company, but could have had some tie-ins. Part of the process was an hour long chat with one of the partners there (I won't give their name). We talked about a lot of stuff and they spent some time talking up crypto. I politely hinted that I didn't see how it was going to be useful (at least in the way they were talking about it). And we kinda debated a bit. They couldn't really give me a reasonable justification for any of it. Then they finally made the key point, "Look a lot of people think this is going to be the next big thing. So it will be." At the time I took it to mean, "All the smart people know this is going to be great, so get on the bandwagon." But, later, I re-thought it as, "We define the market and we are going to make it a thing whether it makes sense or not." Honestly not sure what was meant (if either), but: I didn't end up taking that job.
- xenospn 3y agoI have never seen anyone prove Molly White wrong.
- RigelKentaurus 3y agoFantastic read! This is why I love HN. Sad to say that I'd not heard of Molly White before. This is great analysis.