VC

SaneLad

Sounds fucking awful. But if this was 2022 and your name was Sam Altman, I'm sure some dumb VC firm would toss you a billion dollars for the idea.

KeepBitcoinFree_org

What? “Blockstream is a VC-backed blockchain technology company launched by prominent Bitcoin Core developers, including Gregory Maxwell, Jorge Timón, Matt Corallo, Pieter Wuille and Mark Friedenbach. Its main goal as a company is to establish a sidechain for Bitcoin that permits interoperable transactions. Currently, Blockstream houses a dedicated Bitcoin Core developer Andrew Chow. “ - https://coinmarketcap.com/academy/article/who-are-bitcoin-cores-developers Blockstream created and maintain for-profit side-chains Lightning & Liquid. Those both both depend on BTC having small blocksize & TPS (aka being useless). Where have you been?

Sad-Commission-999

All the smart money has spoken, and none of it ended up on Algo. Builders? Looking at the amount of dapps and their popularity they want nothing to do with Algo. VC's? Never heard of any with Algo, though there must be a few. Instead of interest in people who are technical and work full time on crypto, instead they managed to appeal to retail users who know very little about crypto.

chud304

same can be said of just about any other coin that's not BTC tho. a bunch of solutions for non existing problems. a way for the devs and VC's to siphon money off of us peasants.

0xAERG

Solana, the VC funded chain that’s so well decentralized that it is halted every other month for maintenance. What an absolute joke and corruption of what a public blockchain is supposed to be.

averysmallbeing

And to be a validator you have to doxx yourself to a VC corp and ask for approval, so... You could have a 'blockchain' with near infinite TPS where the only validator was Google and they had sole authority over what happened on chain, but it wouldn't be crypto. 

boathouse_floats

When Shytoshi entered the chat, no one understood what was happening. We made him verify himself LOL. But when all verifications were confirmed, everyone went silent, VC had 91 people in it. You could hear a needle drop while Shytoshi Kusama, the Dev of Shiba Inu, began to type. I have never been a part of something so cool as that! Everything Kendu dev, Miazaki has said, has been true. EVERYTHING! Kendu Inu is going to the fucking moon with or without you! This is insanity! This is reality! Mad cope will be had!!

Whiskeywonder

Solana started as a tiny marketcap, this is already a VC pump and milk at billions of MC. Protip if you want possible Solana’s then dyor on Tectum and Zenon. Thanks me later.

noviwu97

Most people still don't realize this. You buy alts thinking that it's going to change the world then got dumped 90% slowly across 3 years by VC and teams. You buy memecoins knowing full well it's gambling and a short term play. Then got dumped 90% in 3 days.

kilo6ronen

What you’re saying makes literal zero sense considering the launch of cardano was done intentionally to prohibit VC involvement. Vc have approached cardano multiple times and the lack of discount pricing repelled them. Cardano is meant to be a coin for the average user.. do some research

Sad-Commission-999

Charles left Ethereum because he felt retail wasn't equipped to speculate on something as technical as crypto, he wanted to gatekeep it to wealthy informed entities instead, most of which were VC's. It's sort of the height of irony now, given informed people and VC's stay as far away from ADA as they can.

UpstairsAide3058

Right now it shows 15 sat/VC for medium priority. So regardless of the amount of BTC I’m sending, (if I want medium priority) I would manually input into ledger live (on the advanced tab) the fee of 15 sat/vc? Is that correct?

TheOnlyHesh

Based Dev! Community is always active! and 24/7 VC on TG. Nothing more to be said really from this

Sad-Commission-999

He's a real smart guy, however he doesn't like VC's as much as CH, which might invalidate him.

earblah

>Do you really think they didn’t have more than $10B in assets between real estate, equity in other companies, and other assets that take time to sell? Not even close. They had a couple of hundred million dollars with of properties, and a few hundred million dollars of VC investments. The only reason creditors are getting the entire November 2022 ammount, is that crypto has gone up by 3x. That means they were insolvent, and would still be insolvent to this day.

Tony__Man

Governance tokens are a complete joke. You have things like Ethena governance token having 13B fully diluted market cap. A bunch of retail waiting to become exit liquidity for VC's.

Boring-Test5522

bro I am not concerned lol. I dont trade DAOs anyway. However, if you get VC dumped or Dev rug pull, dont come here and complain because you know the writing on the wall

kilo6ronen

I was thinking of this the other day. If the sec is persistent with solana and it presents concert from an investor point of view, and VC’s decide to pulll out.. solana would be in big trouble

josered1254

Get ready for the insane Solana dump that will happen once the VC investors decide to let go of the coin.

GranPino

It’s trash for those who gets their info from Reddit or some Twitter circlejerks. Solana has a unique value proposition, with nobody offering a trilemma solution like them. Solana executes more tx than every ethereum L2 and L3 together multiplied by 5. But it isn’t behind the multisigs used by the most popular ethereum L2. Then some parrots will say that Solana is a VC chain, even if most of the competition received much more VC funding including the Ethereum ecosystem. Then they will complain about centralization, when Ethereum has a real centralization problem, with 2 companies controlling more than a third of the staked ethereum. In Solana that number is 21. So on and so on I see this empty insults like you said. Thrash. If Solana is thrash I wonder what pure immaculate chain you favour

pmgrntmillionaire

It’s definitely true. He’s spoken in VC’s many times, anyone in the community has zero doubt about this considering how often we’ve heard him speak. I’ll tell you why it matters, other than the fact that it’s the only meme coin donating to charity - already $150k donated man. WSB was a community that brought together normal people and helped them make money by banding together against Wall Street, which was something previously impossible. Then Reddit ousted him after the GameStop fiasco. Sam, the developer of the coin and co-founder alongside Jaime, is building a community of people who genuinely want to contribute to the fight against human trafficking but also want to make tons of money together. WSB never did alpha calls on crypto. ASB does. We already have a discord with tons of early alpha calls being made. Don’t buy the project if you don’t like it, but being disrespectful to something that donates to charity is a bit odd I think. Best of luck out there Bucko

_BannedAcctSpeedrun_

>All Street Bets (created by the same person who started Wall Street Bets - it’s been confirmed in VC’s) Doubt it, but even if true, why does that even matter? Wow he made a forum about stock option in the early days of reddit. What an oracle.

RatherOakyAfterbirth

A market dip due to enforcement action isn’t destroying innovation.  The majority of crypto and blockchain startups are funded by VC money, not retail. At the point in which a blockchain or crypto project is selling on the open market (outside of Tokens spun up on some L1), they’ve already secured several million in VC capital. All the SEC can do is attempt to updating existing laws via Rule making. But given there are no existing laws for crypto (because Congress refuses to create them). At best they can use existing laws, and maybe attempt to update them through rule making (unlikely since no crypto laws exist).  That means they can only use the laws they have at their disposal to regulate this market. Same as the CFTC or FBI or any other US enforcement agency. It’s not doing anything to people’s lives who self custody and held and not sold at a loss. If you’ve left funds on exchange, you’ve failed to understand one of the key concepts of crypto, which is self custody. If you sold at a loss, then you likely didn’t believe in the long term potential of your investment. Even the SEC promotes self custody. As Gensler has made PSA videos about the importance or self custody and that BTC is the only Crypto seen as a commodity.  They’re literally telling the American people what they need to do to stay safe, and the American public ignores their advice. Then blames them for not protecting them when they get screwed. 

fverdeja

Anything calling itself a Bitcoin Mayer 2 when it's actually not, I'm guessing a lot of VC money will go into those projects because they don't understand what a L2 is nor why a token isn't needed for a L2.

0xbool

meme coins aren’t an abomination to crypto lmao . idk who told you that . meme coins are the main use case of crypto right now and what attracts the most users . crypto movement isn’t about the tech . don’t let ppl sell you on these layer 2’s and technicals bullshit . just enriching VC’s and large funds . meme coins level the playing field for the average user so even the average user can make money on a level playing field with fair distribution. no VC’s to dump on you who got in early . nobody is selling a dream or making up some roadmap . meme coins are the best because they are transparent . everybody knows what to expect .

Whiskeywonder

These L1 VC loaded chains are the worst scam in crypto imo. Worse than meme rugs. Typically they sell tons to VC’s. A tiny fraction to retail often airdrops. Then they only release a small fraction of the token which they get market makers and exchanges to pump the shit out of it. Literally have billions in fully diluted but only 100m in circulating. Then the VC proceed to slowly dump as they ramp up the hype or get retail to stake. Fuck these people. They really are the vampires of crypto. end rant.

JashBeep

This is the uncopyable secret sauce to bitcoin. When we talk about the 'immaculate conception' it sounds fantastical and hyperbolic. It's just shorthand for the circumstances about how it started. Nobody knew if it would work, it's trading value was zero and Satoshi never sold. At this moment in time there's a lot of fussing about classifying cryptos as either commodities or securities. At the beginning, neither classification would have been appropriate. It was more of an academic thing, a test or theory almost. Anything new that launches today can't be treated like that. Why? One simple reason is VC money is sniffing around trying to make a buck. They're only willing to do that now that bitcoin has proven itself. It took 8 years from bitcoin's inception to the start of the ICO craze. Is it possible some technical breakthrough in cryptography or computer science improves on bitcoin? Yes. But we can't rule such an improvement being integrated in to bitcoin, either. The most likely scenario is that bitcoin has reached escape velocity.

SunDreamShineDay

Here are a few banks and payment companies that are using XRP that have all partnered with Ripple since the SEC sued Ripple in 2020, they all say XRP is being used in the articles. SBI Remit said that it had expanded its services using Ripple’s XRP to bank accounts in the Philippines, Vietnam and Indonesia. By leveraging XRP as a bridge currency and partnering with its affiliate SBI VC Trade, SBI Remit aims for faster and cheaper money transfers that can boost adoption of XRP in target markets. SBI Remit and Ripple are eyeing these Southeast Asian markets because of their growing remittance flows. https://www.kapronasia.com/blockchain-research-menu-item/sbi-leans-further-into-digital-assets.html

tim_penn

River.com is a highly trusted Bitcoin only on-ramp, backed by top-tier VC firms, founded by Bitcoin OG and Stanford grad Alexander Leishman. Balances at River are stored in multisig cold storage. The company offers a pay-on-death option so that your balance can be paid to your spouse or trustee who is administering your estate (or anyone else). For many, this is the best low tech option.

Salt_Adhesiveness161

Aviator Arcade - $AVI : Team is building Skybridge which will allow instant bridging of any token across ETH L1 and BASE. They are also building an arcade marketplace where anyone can launch a game or play and get rewarded. AVI is multi use utility token that is deflationary due to burn mechanism. No VC unlocks to worry about it is a completely organic project. Market cap under 20M right now. Skybridge testnet coming soon and it already passed a Hacken security audit with flying colors.

PepeDeCorozal

You are not going to pitch a VC fund from your couch. You need to develop a minimally-viable product, preferably patent it  and then start pressing the flesh at VC events and bitcoin conferences. That's how it works in the real world.

TheGreatMuffin

> The only problem is I cannot code or design websites, so I need to be able to pitch the idea on paper and run operations. I don't think VCs are interested in ideas purely, without any type of a business plan or at least a team that is able to implement the idea in real life, but here you'll find a bunch of bitcoin/lightning focused VC companies: https://www.lopp.net/bitcoin-information/careers.html

conceiv3d-in-lib3rty

I agree. But the industry also needs to create products that are interesting or innovative enough that hype is created from the product itself and nothing to do with the token speculation or potential airdrop. But instead, these companies/projects are relying on gimmicks like airdrops to pad the ecosystem user numbers in order to entice VC money and shady ass token supply manipulation, etc. And the companies are doing it because they honestly have just to compete with everyone else doing it and to be able to afford to operate. This is due to the culture of the space where nobody gives a rats ass about anything other than making money becuz literally everything is an investment, regardless of the tech, and are only interested in said project because of its token’s price speculation. Not saying there hasn’t been anything innovative the last several years because there has, but it’s always automatically drowned out by price speculation hype of whatever the weekly trending topic is. I honestly don’t see it changing anytime soon either, as a full culture shift is going to require a reset of some sort or years and years of market maturity..

Clearly_Ryan

Token minters happily collecting VC funds to burn on products that have no real world usecase. 

Embarrassed-Score714

As a crypto macro analyst, keeping track of trends like the recent dip in VC funding for crypto startups and the shift towards blockchain infrastructure investments is crucial for understanding market dynamics. Our newsletter, Cryptofada Research, provides in-depth analysis and insights into such developments, offering venture capital firms valuable information to make informed investment decisions in the ever-evolving crypto landscape. With detailed coverage of fundraising rounds, including notable investments like Monad's $225 million round, [Cryptofada Research](https://cryptofada.substack.com/) equips VC firms with timely data and analysis to navigate the burgeoning crypto market effectively.

LeahBrahms

Devil talkers meet VC money to burn? Yuga Labs got $4 billion from VC previously...

coinfeeds-bot

tldr; In Q1 of 2024, venture capitalists invested $2.49 billion into the cryptocurrency sector, marking a 29% increase from the previous quarter. This investment occurred across 603 deals, a 68% rise in deal count, suggesting that Q4 of 2023 might have been the market's low point. Despite a significant rise in Bitcoin prices, venture capital activity in crypto has not reached the levels seen when Bitcoin was over $60,000, indicating a decoupling from past trends where VC investments closely followed Bitcoin's price. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Jorxinpol

About to start a VC in tele

RICOstainzzz

Lol what are these bullshit articles? Do you guys actually listen to any of the garbage VC's and hedge funds pay to push out? I don't. Anyways, bought more.

Simple_Yam

This is what happens when core devs and the community decide to abandon any scaling roadmap they had for Ethereum and push everyone to some sidechain L2s, each with their own token. People just buy the L2 tokens to get direct exposure to the network that they use. But L2 tokens have been completely garbage, both in terms of tokenomics (insane inflation and VC unlocks for years to come) as well as in terms of usecases. So many people feel double-burned by Ethereum

BlazingJava

# You are exit Liquidity If you buy: - VC backed; - Bad tokenomics; - Copy Pasta code; - Memecoins; - Bad guidance; - Can't deal with criticisms; - Too many CTs talking about it, if they are CTs who constantly talk about 100 tokens per month (they are payed to do so) - Staking lock periods, (the team and VCs always have a way to dump anytime) - Games with NFTs like $GALA who overpromisse and underdeliver, but keep selling NFTs # You have a slight chance of making money If you buy: - Comunity driven projects; - There's great devs from other fields (never from crypto) - The project can bring value to the real world like AI for example and not transaction speed or blocks per minute because that's just for crypto; - Projects attracts people outside of crypto - Can be criticized and can fend off criticism and acknowledge it's problems - Not afraid to change; - Continues to develop even if the price goes tits up or moons

Boring-Test5522

VC funded model is dead. We need true decentralized blockchain project that has 100% token vested and run only on-chain without any backend whatsover.

UBERFX

Classic bullshit news saved up for before a huge VC unlock will increase the circulating supply by 60% (800m tokens - almost a $1 billion worth), of which most of are up by a lot. 3rd of May. Will definitely dip below $1, don't know how much. And yes I am already short

RookXPY

There was a time when Bitcoin was a completely centralized coin too. It was also the BEST time to buy it and learn to use it. There are some projects that are honestly trying to decentralize while allowing for things that are not economically feasible on the Bitcoin blockchain (Smart Contracts, NFTs, Voting, etc.). I, like everyone else, have my opinions on which ones I would like to see win and which ones I think will have the most price appreciation in the shorter run. But, The truth is that over time the free market will decide the long term winners like it has already done with Bitcoin and the "digital gold" use case. Crypto is the last actual free market left for your average person. And IMO more choices (ie. freedom) are better, even though that comes hand in hand with rug pulls, scams, and centralized VC garbage. Most people seem to like the idea of freedom until the time comes to take responsibility for their own choices and learn from them. Those people would be better served if they just purchased Bitcoin and learned how to self custody it before doing anything else.

nikhilvp

Bruh what else am I supposed to invest in? The next VC pump and dump scam? I'm not gonna be exit liquidity for some VC. Atleast ERG is what an actual cryptocurrency should be.

story_hunter

my guy "invested" in sh\*tcoins and is now mad at Bitcoin. I'm sure that all those "honest" VC's are mad like you are, with all that FIAT they are taking to the bank

Jorxinpol

Come join our VC in telegram

majorpickle01

You are quite right I am not a lawyer, but if you are seriously suggesting the Eth coin is actually a tokenized representation of a VC fund holding unregistered assets, I have a bridge to sell you. That'd get laughed out of court

Blessed2Breathe

The Solana shilling in the crypto subs is hilarious. Everyone from the BTC maxims, Eth boys, XRP survivalist, ADA gang, AVAX Hopefuls, etc are looking at Solana like "Yea....clearly a VC pump. The billionaires behind it joked about on camera about the rug pull and leaving the bags on retail." Retail shill: "You know guys....Solana is the only crypto with real private sector potential and utility...." *Meanwhile, the network crashes again...*

bigglesmac

0-2.5 trillion dollar industry in 15 years and VC’s are throwing money at new projects like the .com era. Adoption seems on a perfectly fine trajectory to me.

jps_

Mr. Pickle, you are clearly not a lawyer. We have exchange traded VC funds, which hold as their assets unregistered securities - specifically the shares in privately held companies. There is a plausible basis that some ETH has been (and is currently being) issued as a security. legally. OP is right as a matter of law in the US. Whether or not the law should be changed is a different question.

jps_

For the same reason (and using the same mechanisms) that SEC approves units of a VC fund that buys and sells unregistered securities in unlisted companies. Basically, a fund can buy unregistered securities under an exemption that makes the buying legal for both parties. The fund now holds assets. These assets have value. The fund can apply to register itself and value units in the fun according to the value of assets that it holds.

MaximumStudent1839

> Where’s Vitalik’s celebration on Twitter now? I don't even know why everyone wants to bring up Vitalik whenever ETH is mentioned. If anything about ETH being a security, it is Joseph Lubin's and other ETH ICO VC's fault. It was well-known that Vitalik was all for a fair launch, against premining. The early ETH VCs overruled him.

JustCommunication640

Alt coins that go up in price have hype, marketing, and big VC buyers. The technology doesn’t really matter at all. Also 99.99% will go to zero so they are all basically pump and dumps but at different rates. The faster you learn this, the more money you will save. 

btc21million

It's never too much to diss shitcoins, shitcoiners and their VC enablers. They steal and cheat ordinary people and are a distraction to bitcoin and bitcoin adoption.

averysmallbeing

If you don't understand the difference between like 1500 independent and distributed validators making a decision and like 140 validators hand picked by a VC fund pretending to be a DAO, then nothing I say will change anything. 

btc21million

Get a clue. It's a VC spam/scam.

averysmallbeing

Now list the blockchains where you don't have to ask a foundation or a VC fund for permission to participate in decentralized consensus. 

alesia123456

You fell for the VC trap. Take profit once you can and come back in 2025/2026

noviwu97

Other coins are PvE, but the Enemy is a big boss called VC dumping

averysmallbeing

Is it possible to get farther from the ideals of crypto than a VC investment fund shilling their fund which in turn invests only in US government securities (ie., fiat)?  I literally can't imagine how this could get any farther from Satoshi's vision. 

JeopardyQBot

didn't a16z invest in apecoin? i guess that had real utility eh sorry bro no one wants VC coins that launch with 10B FDV and have massive token unlocks every month

kilo6ronen

Evidently no answer to your question about cardano will satiate your scepticism. Perhaps if you’re not willing to dyor, and relying on reddits general responses to point you in the right direction instead of being spoon fed, this may not be the right project for you:) maybe solana is your best bet, I’m sure you’ll find plenty of answers to your questions behind their meme coin community, downtime, VC funding etc.

RecordingParty8425

VC's don't care either. Polkadot has a big dillema. They are betting hard into scaling, and evading narratives. It's a double edged sword. They may become the next Amazon, or fade away. I'm really invested in dot and understand it technically, but I still consider it a risky bet. But I prefer to live in a world where people take this bet, than just try to pleace VCs.

Sugarbird676

The trilema is not real. It was an excuse to not scale Ethereum and make it a settlement layer like Bitcoin, while lining the pockets of a bunch of L2 VC founders.  If you want smart contracts, use Solana. If you want sound money, use Monero.

MaximumStudent1839

Do you guys not find it hilarious that the article criticizing memes is wrote by the biggest VC backing the monkey jpeg company? It is like kettle calling pot black.

ROARGRRRR

This is absolutely true. It only takes getting dumped on a few times from VC tokens to realize it's complete BS. I'd rather give my money to some anonymous sketchy dev who is 50% likely to rug at a $5M valuation, but at least is fucking around trying to build stuff, than some VC funded project at a $1B valuation that'll 100% dump on me and has 0 chance of 100x. In fact the best of all worlds would be projects with lock-ups from the developers and you could get in at early valuations. Maybe it's time the retail community here stopped being so jaded and started being smarter about understanding what's going on and pushing for positive change. Won't happen tho.

Big-Finding2976

I heard that BOME is a VC-backed memecoin, so I don't think you can assume that memecoins aren't VC coins.

SlashRModFail

You do realise that it makes it an opportunity right? A VC will shill the fuck out of the coin and there are gains to be made. The gains of which you can later use to buy more bitcoin with.

Squirrel_McNutz

Check Gummy guys. Launched on Saturday by the cryptobanter team. Fair launch, no VC tokens, influencer tokens, etc. Basically a community coin for a pretty damn big community.

cosmic_censor

> memecoins are a natural fuck you to VC coins in the last cycle with predatory tokenomics Memecoin "gains" are someone else's investment. How is that a fuck you to VCs? A true fuck you to VCs would be to seek out projects that have good core values, solid teams and a good roadmap. Not play hot potato with other retail investors while VCs make money off of fees.

noviwu97

The longer you are in crypto the more you'll appreciate memecoin. Nobody expects it will be the next Ethereum. Everyone know it will quickly go to 0. instead of slowly bleeding to -99% over 3 years because of VC dumping.

Outsider4Life9

VC backed shit coin. Don't touch it.

John_Crypto_Rambo

Hsaka has a great tweet about how memecoins are a natural fuck you to VC coins in the last cycle with predatory tokenomics  and huge FDV where the insiders got in early and just dump the trash on the masses.  At least with memecoins you know what you are getting and the people are getting more of the gains.  It changed my mind a little about memecoins.

Different_Pen2314

My boss fired me as he thought I was a moron investing in Bitcoin. I was a VC and he questioned my ability to spot trends. I hated losing my job but I’m worth about 10x what my old boss is worth by investing in Bitcoin.

Vipu2

Replacing bitcoin would need much more than just some small improvements. Few of the many things: No CEO or VC, fair launch, no monetary value for sometime, just organic slow growth. Its just not possible anymore now that people know this stuff exists.

donmulatito

You can see it won't happen as there is currently 20,000+ projects and Bitcoin has more than 75% market share when you exclude stable coins. Everything is a VC software firm masquerading as a decentralized network.

MaximumStudent1839

> What you’re “tired of” is not making any money off of them. What a presumptuous comment. I have been complaining about this since the bear - when no one is making any money. There are barely any new product and there is an infinite infra spin. > Largely because (mainly US) regulators have locked you out of early investing in them. WTF are you on about? Do you think the US opening up ICOs means ppl can get VC deals? LOL! The best deals often have founders selectively choosing their participants, even among the "accredited investors". >  There is no shortage of infrastructure/ That is the biggest problem. Infinite infra for infinite infra sake is one of the core issues here. There are more gaming chains than "crypto games" with a pop count of 200 ppl on Epic Store. There are more generic L2s than new innovative dapps. > Look at eigenlayer.  Oh wow, we are all going to fall over our feet for restaking, AVS for more infra nonsense, an "ETH aligned" DA, etc. Besides the grandiose nonsense narrative pushed by the ETH maxi camp that eigenlayer is "innovative", ppl can still make money by farming it via restaking your LSTs. So no, even your strawman argument of "not making" money makes no sense in this instance. >...complicated things aren’t happening under the surface. You just brought up the old "accredited investor" issue to farm up a weak strawman argument response.... and you can that complicated lol wtf.

TheTomiestTom

First time I heard about sui and scallops sca, so I come here for honest opinions. Is this VC chain bullshit?

pdx1086

Non pre-mined that's not backed by any VC's that is a completely Decentralized network is a start

RICOstainzzz

You people never learn. Another Ponzi, propped up by the familiar characters. (SBF, VC's).

jawni

1. These are all generalities, they can be true but not necessarily. I was asking in the specific sense with regard to the project. What I'm getting at is, does being VC-free have any substantial impact or is it just something that you can say to ingratiate the project with this sub who has such a fierce (and IMO irrational) hatred for VCs? 2. Every project starts centralized. Pointless to judge projects on contemporary/initial aspects of centralization, makes far more sense to judge them on their potential to decentralize. 3. Usually when I think of unfairness with VCs, to me, it really just boils down to the early access they get to (cheap) tokens . In this case, VC or not, most people are buying into a project already at a $2B cap. It might've had a more "fair" launch, but the end result is going to be very similar to any VC funded project where the vast majority of the public is only buying in at multiples of what early investors got.

Luuigi

In the long term, there's a huge difference because VC-backed projects are mostly centralized, and that's entirely the opposite of what we want out of crypto. But in the short or midterm, VC-backed projects are better in this sense because they have the monetary foundation to go all out on marketing.

spottyPotty

I really get the strong impression that you are basing your opinion off of what you've heard other people say about him. The project has absolutely solid foundations and he is extremely knowledge about a wide range of topics.  Many of the most popular projects have VC backing and they have a vested financial interest at marketing the hell out of their project and shitting on cardsno directly and indirectly by attacking hoskinson himself. And people who outsource their opinions to the loudest voices in the space lap it all up. Has it taken longer to reach certain milestones? There's no denying that. Many projects take longer than expected. Software projects are notoriously difficult to estimate.  Hell, I've been a software engineer for over 30 years and keep underestimating my estimates on non-trivial projects without fail.  I'd suggest watching some of Charles' videos yourself, he's got plenty if AMAs, and make up your own mind.  Cardano is super solid and is here to stay. Charles is anti billionaire and central bank establishment and is fighting the good fight. Check out what he had to say about his single visit to the WEF,  his thoughts on financial sovereignty,  government overreach, etc. He'll blow you away with the depth and broadness with which he addresses many topics and questions put his way.

GoodSamoSamo

This is incorrect. By design, DDOS needs to cover the physical links of 1/3+ stake weighted nodes for the network to stop confirming blocks. Targeting a single leader would only delay that leader. Your claim is wrong. Also, don't really care about Cardano. It's very clear that the market is starting to see ADA going nowhere anytime soon. ADA has been around for 8 YEARS and has nothing to show for it. 1 TPS, relatively weak TVL, virtually no DeFi activity, no NFT presence, terrible DEX volume, virtually no stablecoins (not even USDT or USDC), no institutional interest (Grayscale just removed them from their institutional product list and Coinshare Fund Flows show virtually no interest in ADA ETP products), no serious investors or influencers in crypto support it or care about it, etc. It's (incorrectly) taking an "academic" approach instead of the standard technology approach of "ship and iterate." The list goes on and on. Cardano is a garbage chain that is run by a sociopath and has a VC arm that is in charge of making ecosystem investments to attract builders - which it has failed at horribly.

suesing

Launching and using crypto is the new way of crowd funding start up capital. Where the value created isn’t extracted by VC but shared amongst the users. So imagine if you got richer by using ChatGPT because you created value by training it. Wouldn’t that be a model we can all get behind?

jawni

Not all, but many: The exchanges you use, VC funded. The wallets you use, VC funded. The RPC services your wallet connects to, VC funded. The validator software taking your transaction, VC funded. The block explorer you use to check the transaction, VC funded. The payment processors working on accepting crypto, VC funded. Even *this website*, VC funded.

jawni

> No VCs need VCcoins (scams) to put in their shit tokens (USD) to fleece the public. Did you just forget or are you unaware of how many things in crypto VC funded that are tokenless? >If you need that you are a likely a VC that hasn't got the memo that the era of VC money is over. lol you wanna bet?

gr8ful4

No VCs need VCcoins (scams) to put in their shit tokens (USD) to fleece the public. If you need that you are a likely a VC that hasn't got the memo that the era of VC money is over.

conv3rsion

Proof of work coins that did not have an ico or founder rewards (Bitcoin Litecoin Dogecoin) are decentralized.  Anything that has taken VC funding will never be decentralized

jawni

We very much do need VC coins, as VC funding is one of the few viable funding paths available. You're fooling yourself if you think crypto doesn't need VC money.

coinfeeds-bot

tldr; In 2023, Binance ceased operations in Russia due to U.S. sanctions and investigations into possible violations. Binance sold its Russian business to CommEX, a new exchange resembling Binance but registered in Seychelles. CommEX, despite hiring ex-Binance employees and being backed by top-tier crypto VC, failed to gain trust and announced it would stop operations by May 10, 2023. Other exchanges like Bybit, Gate.io, and KuCoin still serve Russian users, while options like Wallet integrated into Telegram offer alternative P2P trading solutions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Silverdodger

No problem. Shib and Bonk went big due to their chain’s growth (Eth & Solana). Both chains have exposure and VC marketing investment. Hedera doesn’t market so well. What it does VERY well is make a great product. Half the world will run on Hedera and we won’t even realise it. As a result of this under the radar situation; its top meme Grelf is also flying under the radar…Let’s have this chat in a year….I’m in hard with Grelf for a reason and I’ve been in crypto for around 8 years. I know a good thing when I see it. I’ve hunted for it lol.

gr8ful4

We don't need another VC (shit)coin. VC'S simply should fuck off with their shitcoins (USD).

hirako2000

I wasn't praising the job creation argument. It's just that as a worker in the field you want a big and VC injections into startups makes more jobs available to them. It's a justified bias towards VCs. As for VCs I don't think they are clueless, although some are. Their bottom line is maximizing returns, they don't care whether an idea is solid or vaporware, value may be a byproduct to them, or they may ride the trends of making the world a better place but in the end what matter to them is purely: maximizing the selling of a maximized ratio of equity for a maximized number of invested businesses, and as quickly as possible. That's why I seem to defend VCs, is that they just do what they've always done in other fields. Greedy maximizing of profit. They are amoral. Not immoral. So long as it's legal they will serve their purpose.

MaximumStudent1839

> It pays for jobs. I get a weird feeling when I hear this comment. It somewhat gives me the Roosevelt's New Deal vibe - creating jobs for the sake of creating them. IMHO, I think crypto is still over-employed as a sector. Too much money is wasted on marketing. Too much money is wasted on building derivatives. Too many projects, that shouldn't exist under public market funding, now do under VC private funding. It irritates me to no end when the space complains "why we don't have adoption", like OP's comment, but all the space can do is spin out infinite derivatives of old ideas that have proven ineffective. It is like all the VCs just want to play the same game over and over again. There are just so many fools out there and so much patience left for VCs to churn and suck whatever is left of this space and leave it as an empty husk.

GarugasRevenge

Well war is also a good time to invest in military contractors, Bitcoin is now a reserve investment, but if the VC hedge fund manager does a line of coke and sees short term gains then they'll jump on it. Honestly they're probably losing money and not realizing it.

uthillygooth

That's a fair point and I give you credit for the insight. IMO the perspective should be it's possible but is it probable? What is going to make SUI,SEI an outlier that aligns with Solana's unique rise versus the vast majority fate of VC coins. It's a bit of apples and oranges, but it's a bit like buying a promising shitcoin and thinking it's going to be the next DOGE, SHIB, PEPE, etc. Yes, the chance is there you'll hit but more than likely going big into those promising shitcoins leaves you broke. Like I said, a bit apples and oranges. I thought about going and looking at the full unlock solana schedule since it launched 4/2020 but I didn't delve too much into the details. It looks like 2021 is when the majority unlocked? 3 years ago. Not to mention the massive dump that you have had to hold through in late 2022 when it got down to 5-7 dollars. The market at the time and the FTX debacle contributing of course.

timidpterodactyl

Disagree with 5. Solana is VC backed and it has at least 10x'ed since the last year. More than you can say about ETH and BTC. Who can say SUI, SEI, etc. can't do the same? Keep in mind I'm questioning your logic not the tokens as I don't have any of them.

btcangl

> I've also noticed that a lot of good projects actually start off with high market caps because of VC funding or whatever other reasons Yeah this happens a lot thats why last bear was great you could actually buy into a lot of projects way below that..