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A lot of the same people also recently bet huge amounts of money that blockchains and crypto would replace the world's financial system (and logistics and a hun
by grey-area 2y ago
A lot of the same people also recently bet huge amounts of money that blockchains and crypto would replace the world's financial system (and logistics and a hundred other industries).
How did that work out?
- jdietrich 2y agoA16z and Sequoia made some big crypto bets, but I don't recall Google or Microsoft building new DCs for crypto mining. There's a fundamental difference between VCs throwing spaghetti against the wall and established tech giants steering their own resources towards something.