VC

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..

Murky-Science9030

> Uh, that sucks. Have you not tried since then to repeat this process going from $0.01 to $1.40 with other projects? Yes I am on the lookout for such projects, but there is **a lot** of noise out there. I've also only recently just started saving money again, so I didn't have much to invest before. 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. Honestly though I'm also patient enough to get two 10x's over the next 6 years or so assuming crypto keeps having its regular cycles. > Also why would you put $10k into just one project if it was pretty much all you had in crypto? Because I am a developer and felt that the project had a lot of potential. $10k doesn't take **that** long to save up as a developer so I was eventually going to be able to put more into other projects. The real question is why I took the big risk of not diversifying more when I had all the money... but I also had very little way of knowing that my private key would get compromised (it was a bunch of small mistakes all added up).

ennisdm

Hes always telling everybody except for BTC and ETH and a few others that they are VC chains that don't care about fundamentals.

GoodSamoSamo

You're right, Cardano's VC money is clearly only going so far, as the chain still continues to see minuscule adoption and innovation. [https://www.emurgo.io/ventures/](https://www.emurgo.io/ventures/)

Cool-Cookies

Unfortunately VC money only goes so far 😂. I'm just waiting until the euphoria phase of this bull run. Network shut down imminent!

hirako2000

Not arguing for the sake of it. There was something I couldn't get in your previous comments, so I argued over them. This last comment clarified your view further and I thank you for taking the time. I'm with you in fact on your statements on VCs. Imo about the same could be said on what VCs do to non crypto fields. I suppose where I diverged is that I see VC money coming in as helping crypto. It pays for jobs. It fueled numerous products, albeit most speculative useless crap. You are likely right they might do more harm than good. I didn't really think about VCs contribution to create shitfull stuff that overall tarnish the legitimity of crypto. I'm with you crypto doesn't need VCs. Several great projects were created without VCs. I suppose I'm not from the Valley and sad tech as a whole just isn't getting the finance it needs. Maybe because I'm an enginner not in California and envious of what engineers are getting in the west coast as a result of all that VC money poured into businesses. Maybe I'm selfish and don't consider enough the negative impact of these VC firms. After FTX I guess we can't argue VCs have been legitimizing the biggest financial fraud in history, sure yeah. Just that should mean crypto would be better without VCs. Thanks again

MaximumStudent1839

> Now you are dissatisfied that only 10% of the VC funded projects have innovated and provided usefulness/growth in crypto and adoption? No, I am saying, they can probably take off without VCs. Build a prototype to show the market what you are doing. Then you can probably raise the fund from the public market, since most of them end up selling tokens in the secondary anyway. > Now you are dissatisfied that only 10% of the VC funded projects have innovated and provided usefulness/growth in crypto and adoption? Are you here just to argue with me for the sake of arguing? Or you are here to discuss OP's topic? Here is what OP said. >Bitcoin and Crypto are getting buried with regulations, mostly by Western countries... Meanwhile a bunch of y'all decided to cripple this beautiful thing's mass adoption futher with scamming. How do we break this circle? Regulators need public sentiment support. Western countries are democracies. They can't go against the public sentiment so easily. Many speculate why Gensler flipped his position on crypto - he used to sound pro-Crypto. One theory is, he flipped his position after he saw much useless shit the space has designed only to rip off retail. You don't think if the space builds fewer ponzi products, it becomes harder for the govt to regulate this space? And it goes back to my point, > My point is, VC props up rubbish, with near zero chance of getting meaningful attraction outside the crypto's niche degen circle >  Is Opensea useful? Opensea is an interesting example. They had a functioning market before they got the latter rounds of multiple millions from a16z. And it only happened because they proved they could generate revenue from users, without massive VC money dumping. Yes, it was more of a bad bet rather than VC creating froth from its massive money stack. > They don't have a crystal ball nor are necessarily geniuses about use cases, and again they are in the profit-making game and a minority of a big hit is all they are after. My critique isn't exactly on examples like OpenSea. Yes, investment is risky even if you do the proper due diligence. With OpenSea, you could believe in a future of digital collectibles - ngl even I did believe it once - and you saw its current revenue growth, then you become convinced and invest. My critique is VC investing in gunk that has no convincing roadmap for sustainability if you did the due diligence. I am talking about investing in projects fueled by pure speculation for speculation's own sake, they are worse than memecoins because they don't even produce funny content. And these projects wouldn't have taken off without VC funding, because VC funding is a key component in lighting the fire of speculation. I already gave you examples like Blast, Friend tech, etc. Yuga Labs, Proof, VeeFriends, etc are other examples. And then you have a whole long tail of crypto gaming. There is a simple litmus test. 1) Can these projects take off in any way if it is purely done by public market funding? 2) If it needs private round funding, does it have a plausible revenue model to keep its light on? You will see a lot of VC projects failing both 1) and 2). The theory behind VC investment is it either helps to accelerate development, otherwise slow by public funding, or it helps to bootstrap an initial heavy development cost that can eventually lead to a more sustainable product. Crypto VCs are so different from this theory. A whole lot of them just bootstrap gunk, that wouldn't have worked if was publicly funded. Again, the point isn't about not having a crystal ball. It is about not interested in doing the proper due diligence any VC should do because they think they can cash out fast in hype.

hirako2000

I looked through the list. I don't know half of the projects, but I found 8 that I know are useful. I guess we are on the same page, let's say 10% of the projects are providing value. Those that do (esp Alchemy, Uniswap, Avalanche, Dydx) among those I know add tremendous value. Now you are dissatisfied that only 10% of the VC funded projects have innovated and provided usefulness/growth in crypto and adoption? I would take 10% anytime. And, that's above the ratio VCs are looking for. They profit with less than 1 out of 10 success, as those success blow up the charts and provide well over 10x to the VCs. I don't know what you are complaining about or disagreeing with. Are VCs greedy money drug addicts that would play games with disregards to ethics, rarely if ever to build a better future, non vital to crypto development? Sure! And the same apply to their non crypto related backing. There are probably more scam projects that are not VC funded anyway. Does crypto absolutely need VC funding? No. And so what. Yeah VCs fund non sense projects. They don't have a crystal ball nor are necessarily geniuses about use cases, and again they are in the profit making game and a minority of a big hit is all they are after. On funding good projects. It's impossible to make an assessment of some idea and know whether that will become useful or not. Is Opensea useful? I think it isn't. It's a totally useless marketplace selling useless nfts doing no good to crypto long term. So what? The market has decided it was amazing and super useful. Billions were poured into by nft lunatics, some for the money, most I guess, some for the fun, some they don't know. Should opensea be funded? Nobody knows, a VC probably saw a great team, or a product that was already selling and poured million in to skyrocket their progress. The market is open to all participants, that's the moto of decentralization, VC backed or other as forms of funded enterprise are free get into the field and build. Useful or useless the market will tell.

MaximumStudent1839

> some of these projects are VC funded. Will they not get funded without VCs? Nearly all of them have a token that they sell to retail to raise more money. If you look at SOL, a lot of projects were self-funded, because the VC abandoned the ecosystem, and only got more funding from VCs after they have shown they can deliver. It is doable without VCs. > Agreed they are very profit focus and opportunist  Wanting to make money isn't a bad thing. Let us face it, 99% of this space is filled with opportunist degens who don't give a fuck beyond making money too. Greed, mercenary, and opportunist behavior aren't restricted to VCs. The problems come with VCs being able to keep raising huge amounts of money and prop up nonsense narratives, that wouldn't persist otherwise. Take a look at Paradigm for example. They funded both Blast and Friend tech. Do you think these projects would have garnered the same attraction if they didn't get VC funds? I highly doubt it. Here is why. Degens are only in these projects to extract liquidity from airdrops. But the airdrop only has value, if the team has enough funds to build 1) a platform to build up enough attention (not necessarily useful), and 2) has enough funds for market makers to provide liquidity. In other words, you need an initial heavy subsidy to get degens to play. If you tell them, they are funding the team to build, etc., degen's short patience fuse means they will opt out. They would think, "shit I wouldn't want to trap my liquidity into something maybe payoff within 2-3 years. Rather stay liquid and buy shit that would pump more immediately." I wager a lot of these gunk targeted at degens exclusively would never take off if they relied on public funding, instead of private VC rounds. And you can tell easily these products are targeted at degens exclusively. For example, ppl were only talking about (3,3) with Friend tech and, if you looked into these chat rooms, they were mostly nonsense given the key's price. Now take a look at a16z crypto portfolio: [https://a16zcrypto.com/portfolio/](https://a16zcrypto.com/portfolio/) There are 111 projects and only maybe 10 are useful. The useful ones will or already have tokens they are selling to the public - the only exception may be Farcaster. If they can sell tokens worth millions of FDV, do you think they can only raise with private rounds? My point is, VC props up rubbish, with near zero chance of getting meaningful attraction outside the crypto's niche degen circle. And the useful ones can probably be funded by the public anyway, without the inflated TGE FDV.

Cirewess

Because it's about hype and making money, not the tech, not the privacy, not the real world use cases going on right now, it's not about how ETH is basically the US dollar, right now it's about memes, just like the DOT COM boom, and VC's pumping that shitcoin Solana

hirako2000

Uniswap and clones are major eth projects that have proven great. Can swap most tokens without a centralized entermediary , some of these projects are VC funded. Afaik uniswap is VC funded. Not all is bad coming out of VC. Agreed they are very profit focus and opportunist , they aren't there for the ideology .

micromeat

They are quite literally tech companies. Mostly funded by VC funding. And ran by software engineers. How much more “tech” can you get😅 hilarious

imfrombiz

> Where will the Solana money go? VC's pockets

jawni

Yikes that article is embarassing. I'll address each point on its own. On point 1 from the article: "Private vs. Public Token Allocation" You SOL bears need to decide which it is: are the VC's "dumping" on us or are they still holding their coins? Because it can't be both. If they dumped on us, then token ownership should be better distributed at this point. If not, then they've been holding a lot of coins and it hasn't caused any problems with regards to security or consensus, which also makes your point moot, as the biggest centralization risk of token distribution is its effect on consensus/governance in some systems. Also you need to realize there is nothing stopping anyone from amassing a large amount of *any* crypto. Whether it's a public ICO, a seed round, or just someone buying on secondary, there is no rule or logic that would suggest that networks with lesser distributed supplies would necessarily stay that way, nor that the most distributed supplies wouldn't be at risk of consolidation. These types of analyses also rely on a lot of assumptions about the ownership of wallets. People like to look at the top X wallets owning X% of the supply, which often ignores the possibility of people using multiple wallets or a wallet being used for multiple people (exchange wallets or protocols). [Vitalik is also not a fan of it.](https://vitalik.eth.limo/general/2021/07/29/gini.html) (scroll down to the part where you see the Messari graphic that was used in your article as well) On point 2: This article was written when Solana *only* had ~1500 nodes, it now has over 2000. I italicized "only" because even with 1500 nodes, it would have more nodes than most other networks and AFAIK has the most nodes of any network of a similar age. (essentially the only networks with more nodes than Solana are the ones that have been around for half a decade longer) On point 3: The downtimes have had nothing to do with decentralization. Somehow they tried to connect the dots to Solana's partnership with Arweave. >Speaking of which, another sign of Solana's high centralization is its partnership with Arweave. Although touted as a "decentralized permanent data storage solution of ledger data," the "decentralized" part refers to storage redundancy, not the community. So I guess they are claiming Solana is centralized for partnering with Arweave... for some reason? But they are describing the qualities of Arweave, so it seems like they are calling Arweave centralized and because Solana is partnered with them it makes Solana centralized by association? Honestly have no clue what the author was trying to imply here because it's so horribly contrived and off-base.

GoodSamoSamo

Hard for a chain like Cardano to face an outages when it has no block demand and does sub 2 TPS. Like I said, if your chain isn't facing growing pains, your chain isn't growing. That's exactly whats going on with Cardano. ADA been around for 8 years, 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. 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 horribly.

GoodSamoSamo

Hard for a chain like Cardano to face an outages when it has no block demand and does sub 2 TPS. Like I said, if your chain isn't facing growing pains, your chain isn't growing. That's exactly whats going on with Cardano. ADA been around for 8 years, 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. 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 horribly.

maynardstaint

You’re saying solana doesn’t work, and yet MONEY pours into it. You’re saying eth is slow, and expensive, and yet MONEY pours into it. None of this makes sense. Unless you look at WHOSE MONEY is flowing in. It’s the same group of VC’s who funded Eth in its early days. The same group of investors making money off the same scam.

jawni

The whole VC narrative that gets pushed here actually makes zero sense. It's probably one of the funniest things this sub has produced, other than consistently producing picks that under-perform the market.

After-Chance4981

That’s called midcurving. Your VC bullshit is backed by nothing. People were saying exactly the same things for ETH in 2017 and 2020 : congestion fees will kill ETH etc . When you pass first cycle, you understand “tech”or “big announcement” like hbar is just another meme, and not a hot one. It worked in 2017, and it’s not working anymore.

SunDreamShineDay

Major banks are using XRP, why you always post the same lie and say major banks are not using XRP and Ripple scammed people? Here are a few institutions who 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 Ripple’s cross-border payments technology is used by enterprises, and its clients are primarily banks, payments services providers and other fintechs. The overall payment volume on its payments network RippleNet exceeds $15 billion, and its global ODL volume has grown ninefold year-on-year. ”We have seen a lot of interest in our services in MENA. We have partnerships with several leading banks in the region, including with SABB in Saudi Arabia and QNB in Qatar. We are also working with local payments service providers such as Pyypl and LuLu Money, which are using Ripple’s [ODL] crypto solution to facilitate global movements between different currencies,” Gupta said. https://www.zawya.com/en/markets/currencies/interview-ripple-bullish-on-mena-expansion-to-cash-in-on-crypto-payments-surge-h57fzchx LuLu Exchange, Ripple’s business partner based in the UAE, has formed a strategic alliance with (Mbank), the acclaimed first fully integrated virtual bank in the United Arab Emirates. LuLu is an early adopter of XRP, implementing business solutions via Ripple’s On-Demand Liquidity (ODL) service (now Ripple Payments). In a previous press statement, the Managing Director of LuLu Financial Holdings, Adeeb Ahamed, disclosed that Ripple’s ODL facility played a pivotal role in enhancing its fund management capabilities within the APAC region, all while adhering to the established regulatory guidelines. https://thecryptobasic.com/2023/11/02/uaes-al-maryah-bank-selects-ripple-odl-partner-for-cross-border-transfer/ Filipino banking firm, ChinaBank has joined forces with Qatar National Bank (QNB) to facilitate direct transfer from Qatar to the Philippines using the RippleNet payment solution. With Ripple’s On-Demand Liquidity (ODL), both banks can enable instant settlements using XRP, doing away with the need for conventional correspondent banking relationships and the costs and delays that go along with them. https://coingape.com/ripple-expands-further-in-europe-xrp-price-rally/ Ripple the leading provider of enterprise blockchain and cryptocurrency solutions for global payments, announced today the launch of RippleNet’s first live On-Demand Liquidity (ODL) service implementation in Japan, in collaboration with SBI Remit Co., Ltd, the largest money transfer provider in Japan. With ODL now available in Japan, RippleNet customers can leverage the digital asset XRP to eliminate pre-funding and reduce operational costs, unlocking capital and fuel the expansion of their payments businesses. https://www.businesswire.com/news/home/20210727006246/en/Ripple-Launches-On-Demand-Liquidity-with-SBI-Remit-to-Accelerate-and-Grow-Cross-Border-Payments-from-Japan Ripple has launched RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, the first bank in Latin America to utilize ODL. Travelex is the first bank registered and approved by the Central Bank of Brazil to operate exclusively in foreign exchange. By utilizing XRP, a digital asset ideal for payments, Ripple’s ODL solution allows customers to send money across borders instantly with very low-cost settlement and without the need to hold pre-funded capital in the destination market. https://www.businesswire.com/news/home/20220818005147/en/Ripple-Launches-Crypto-enabled-Enterprise-Payments-in-Brazil-With-Travelex-Bank Ripple has announced a partnership with FINCI, the Lithuanian online international money transfer provider, to deliver instant and cost-effective retail remittances and business to business (B2B) payments via RippleNet’s On-Demand Liquidity (ODL), which leverages XRP for crypto-enabled cross border payments. https://www.businesswire.com/news/home/20220518005134/en/Ripple-and-FINCI-Introduce-the-Benefits-of-On-Demand-Liquidity-to-Lithuania Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. The new dividend payout option comes as part of the company’s year-end reward program to thank its shareholders for their continued support in addition to interim shareholder benefits. Under the program, Morningstar will provide XRP rewards of 2,500 Japanese yen ($23) units per 100 shares owned by shareholders as of March 31, 2021. https://cointelegraph.com/news/sbi-holdings-subsidiary-continues-xrp-benefit-program Ripple partners MFS Africa. The partnership will allow MFS Africa to make use of Ripple’s on-demand liquidity to streamline real-time mobile payments for customers in 35 countries. In contrast to a legacy payment infrastructure that’s prone to errors and needs an average of 3 to 5 days to settle international transactions that involve multiple parties, ODL leverages Ripple’s XRP token to act as a bridge between two fiat currencies. This allows the system to ultimately settle payments in local currency at the payment destination in a matter of seconds. ODL corridors now exist in Europe, the Philippines, Australia, Japan and Africa thanks to its recent partnership with MFS Africa. https://thepaypers.com/mobile-payments/ripple-partners-mfs-africa-to-streamline-real-time-mobile-payments--1259214

ZukosFireLady

$Bul has a similar story! Community is much more dedicated than any dev and working around the clock. Join our VC and chat with us, got the website being redone and great decentralization with more than 11k holders. The dev left on day 1 and after that we topped out around 23mc, community's aspirations are to see that number again and way beyond!

anythingbutwildtype

Good target for a shortsell after BTC moons - unless VC dumps beforehand.

DrinkMoreCodeMore

VC pumped bullshit

gr8ful4

Pump and dump VC coin. Super thin supply. The top 50 are full of those shitcoins. Want a more sane perspective with all OG coins with fair distribution and a spread out supply? Here you go: https://coinmarketcap.com/view/pow/

gr8ful4

Just like Monero and bcash for a long time it has been stable because it's actually used in every day transactions and the user base is vastly distributed. So unlike all those propagandized and pumped VC coins where a couple of parties hold >80% of the supply there is a real market/demand with constant buys and sells. Those OG PoW coins will have their front stage appearance once people start to use cryptocurrencies as actual cryptoCURRENCIES.

apkatt

I’m not calling you one, I’m saying that the baseless BS that is regurgitated all the time has its origin in the VC campaigning against Cardano.

Backrus

The only thing I'm doing is showing how little average bitcoiners know about the inner workings of their preferred blockchain (like going solo mining lol). Both you and previous guys seem to go for my "lack of understanding", "dyor" and other blanket statements instead of addressing simple facts - I wonder why. Now, let's talk about pools colluding to do something bad (reorg, double finality, delay, etc, pick your poison). Once again, look at hashrate distribution and how centralized it is. Now, you have to realize that **you turning off your rig/rigs as a protest just help the attacker (!)** (because they own the bigger % of the hashrate now). Now contrast it with equally centralized eth pos model when slashing mechanism etc means that in order to attack the network you have to spend more and more money (GHOST, etc); even if you're going for supermajority, there's no guarantee that you'll succeed because of social layer defence mechanism. Not to mention that it is infinitely easier to sign a block as a solo staker (with a power cost of under $5 per month) than to mine a block as a solo miner; I'm not saying one network is better than the other, both are equally bad and centralized but still miles ahead of something like VC's database aka solana. Honestly, it's not that hard if you think about it and understand data. All I want for y'all is to stop parroting maxis and understand this space.

yellcat

A more centralized chain propped up by VC mafia? No thanks

yellcat

There’s a large movement for VC’s / the ruling class to kill off all uneducated labor and to force people into indentured servitude for barely a living wage. Capitalism is killing the United States, and corporations (and VC’s or the ruling class) have way too much power over Individuals

apkatt

What community? Go to r/cardano and try to find a single post bashing other projects. Of course, with a sub of close to 700k people there will always be some garbage posted but it is usually swiftly removed. What is happening now is what appears to be a somewhat coordinated fud attack on Cardano on social media by VC funded interests. It has been going on for months (actually, from the start) and is both annoying and somewhat amusing at the same time.

markycool

I mean look at this chat, read a few comments. All over the place. There are so many shitcoins around that these people are hyping, plus a lot of the talk about the tech is absolute garbage, some of tech discussed doesn’t even exist just marketing. It is mostly not real tech as you would find in the VC world, like real world AI applications etc. Personally I like holding the most well known crypto, where gains are smaller but less volatile and then I buy into various coin offerings, ICOs when price is still very low and waiting for the pump. The worst buys of me is buying hyped up coins that have already listed on exchanges, usually I lost money on those.

Sugarbird676

You’re not supposed to point out the overwhelming demand for SOL. You’re supposed to go, “Muh, VC bad!” and then cry into your bags of ALGO and DOT.

LordOfTrubbish

Exactly. Most people buying meme coins on SOL don't have any idea, nor do they care about ideals, tech, past networks issues, VC's, etc, they just want their MOCHICAT Coins to moon. Given how fast and cheap the network is, they don't even care about 3/4th of the transactions failing, if they even realize it at all. Still beats paying for a single transaction on ETH.

Logical-Criticism-38

When quantum computing breaks the entire ecosystem, you won’t be. It’ll shake a lot of retail and VC investors out of the market. Better get your money now and you can do a remind me on this comment in 10 years

jawni

Do you say this about every VC project?

GoodSamoSamo

did you not read what I said? ADA falls in that 2016-2018 camp. People shitting on it because it actually sucks and has no usage. ADA been around for 8 years, 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. 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 horribly.

LaunchTheAttack

Because it’s held up and proped up by VC money which treats crypto as a pump and dump. Since they hold 80% of the supply selling pressure isn’t as severe.

mrrepos

nobody will use it when it goes from 70% TX fail to 100% fail, or another outage, or the VC funds short it to 0

Backrus

Why would anyone use centralized db aka Solana or VC chain aka Base? They have nothing to do with the original idea of crypto, yet those are the places to be if you wanna do a simple 10x over the weekend. Why? Because it doesn't matter. People don't care about that stuff. The only thing that matters in this space is whether or not people like the coin. It's just that simple. And, real talk, this space doesn't attract the brightest individuals anyway.

marvypoo

I love base too. And guess what that’s backed by big money lol. The shit sol gets on here is weird, almost every coin is backed by large amounts of VC money lol. ALGO insiders been dumping on Reddit for years lol

GoodSamoSamo

virtually every single L1 that did come about in 2016-2018 ICO craze is VC funded. Every single L2 is VC funded. Love how 50 IQ retail morons think VC funding is bearish and somehow it means price is manipulated.

mrrepos

manipulated by VC, ftx and the people liquidating them

SunDreamShineDay

VC driven

d_d0g

It’s propped up by VCs. It doesn’t matter how horrible it performs, there is too much VC money in it for them to let it go down. Is it a solid investment under that notion? I don’t know. I played the SOL game under $10 and am in it now.

yellcat

VC’s wanting to keep their investments above water. Lot of money behind the scenes supporting its success

yellcat

VC’s wanting to keep their investments above water. Lot of money behind the scenes supporting its success

NotFunnyhah

lol VC's purged their bags which is what crashed it to $8. That event alone got rid of more VC's than exist on most other chains today. Stop parroting cuz you didn't get in.

Usual_Extension_7139

It's propped up by VC money. Vcs don't give a shit if it works or not. They only have to convince poor people to buy it and then they have exit liquidity.

SaneLad

VC money incinerator.

geppelle

Probably Nano. They are focusing on being the best crypto for payments and are already close to being the most efficient solution possible (doing a transaction takes about 2 trips at light speed ~400ms). Focusing on this only thing without smart contracts means they don’t depend on a special ecosystem to survive. Nano foundation has also the same structure than the Linux foundation, and Nano is actively developed by volunteers which means it’s not dependent on VC funding which would run out. They could definitely do better having more money to push towards marketing and sponsoring dev to catalyse adoption but it’s a long term bet and slow and steady wins the race.

agentgforce

San Francisco is getting bad press for its crime and homelessness, but moving to Tampa, Austin, Raleigh is only a step up from moving to a third world country to avoid Bitcoin taxes. If SF is such a problem and you love California, just move to the heart of Silicon Valley, Sand Hill Road proper, where all the billionaire 0.01% VC's reside in Palo Alto, Atherton, Menlo Park and you'll be free of the problems listed and more because you paid for it.

TheAlbertBrennerman

Yes. Frustrating to see.... Invested in a coin which is all about organic growth without VC... Maybe I'm jealous of them pump and dump prices though

BardTheBuilder

The problem with memecoins on BASE is the same as the problem with memecoins on other chains. If they aren't rugs, they probably have VC and open at high marketcaps, overbought, and with bad wallet distribution. Low marketcaps that have room for growth, on the other hand, are usually very new (and usually rugs). Coons like Shiba and WIF are pretty rare. I don't think BASE has a dominant dogcoins yet, surprisingly. Doginme maybe? When I was searching around I found an eth project called LINU that is starting a BASE bridge soon. It's a SHIB clone and its maintained a modestly high marketcaps for a few months now, so it's *probably* not a rug. dyor though 

chintokkong

>This @sbivc_official ad is being broadcasted in more than 9,500 Family Mart stores nationwide, which directly compete with the 21,000 7-Eleven stores across Japan. https://x.com/sentosumosaba/status/1776518577111368033 This ad is supposedly on cryptocurrency. - SBI VC is an operator of a cryptocurrency trading and exchange platform based in Japan. The company's platform offers the exchange and trading of virtual currency to re-design the concept of finance from a global perspective.

Whiskeywonder

All I hear about Sol is its fast which seems to justify it being a VC pumped piece of garbage. But actually Tectum does 3.5m tps while Solana only does 5k. Its not even fast. Not even close.

GoodSamoSamo

Around for 8 years, nothing to show for it. 1 TPS, relatively weak TVL, nil DeFi activity, no NFT presence, terrible DEX volume, virtually no stablecoins (not even USDT or USDC), no institutional interest, no serious investors or influencers in crypto support it or care about it, etc. 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 horribly. The cope is real.

Buydipstothemoon

Okay I hate it to be the Cardano guy but : alot of downtimes is not "better" , "faster" can't be achieved with unpredictable downtimes and "cheaper"? Did you read the Thread ? Besides that the Cardano fees are always the same and can be soon reduced via decentralized voting. Sure the network sometimes goes slower, but better than going offline and having expensive fees. I gonna call it : Sol is the next Luna at some point. Sure Cardano is not perfect, but be careful not to burn yourself. VC wants you as exit liquidity on SOL.

moemonies1

Sheeeeeesssshhhh. Those are the exact questions that keep people afraid from buying. But my guy here...charged in head first lol. You must be a really really lucky guy! Aye DM me when you plan on splurging on another investment.... ive been researching for what? for nothing! Dumb money is where its at! i didnt coin that term. Blame the VC's for that..... Ill just say this about quantum computing. Its no where near ready yet.

NukeouT

How many servers they have now after all these years 100? It’s fast because it’s essentially a VC cloud setup pretending to be a block chain for clout ☁️

GoodSamoSamo

Before highlighting stats, it’s worth acknowledging that Solana is, like all great tech advances (including AI), so game changing because of hardware advances. Requirements to run a validator are higher than ETH, but the costs continue to drop considerably because of Moore’s Law (hardware performance doubles and costs drop by 50% every 2 years) and Nielsen’s Law (bandwidth continues to become exponentially more accessible every few years). So while the requirements are a bit higher than say ETH - they’ve fallen quite considerably over the past few years (I also use to run a validator myself). These laws will remain in play for quite some time, like decades. Additionally, the number of unique data centers, countries where validators are run, node count, and Nakamoto coefficient have improved considerably since Solana started. Lots of resources to lean on for these stats. I know the meta is that “Solana is centralized VC chain,” but like a lot of shit on the internet, that’s an incredibly uninformed take. https://solanacompass.com/statistics/decentralization https://nakaflow.io

SunDreamShineDay

Not a single bank? You ain’t gotta lie to kick it Here are a few banks 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

R4ID

> Ripple holds about 60% XRP supply and VC's hold another 30% or so delusional. you think only 10% is in Non ripple non VC hands? next time before you go lying and making stuff up, at least attempt to google so it isnt so obvious that you're clueless on the topic.

Le-Pess

All under 24hrs for $BOMEOW: ✅ Dextools, Dexscreener, Dexview, Birdeye Token Updated ✅ No 1 Trending on Dextools, Dexscreeener, Birdeye ✅ 850 people on VC ✅CMC Listed ✅ATH 15.89MC ✅39.6M Vol in 24h 😱 🔥 Hit 5x upon launch 🔥 Thick LP OF 3M++ LIQ 🔥 LIQUIDITY LOCKED ON PINKLOCK 🔥 10,000 holders on launch ❤️ Launch Banner Ads Live (Solscan, Dexview, Poocoin, Honeypotchecker) 🔥 Moontok Trending No. 1, CN Trending ✅ Bitmart Listing before Launch ✅ 2 CEX coming soon

3sides2everyStory

I'm not sure exactly what that means or how it will roll. But considering Ripple holds about 60% XRP supply and VC's hold another 30% or so, I would expect him to put a positive spin on it.

Independent_Hyena495

Even if VC money will pump it up again

longlostkingdoms

>Right, now compare it with all the 1000s of other chains which are mostly centralized PoS/VC crap I am not talking about the 1000 other chains, which all have their own shortcomings, I am talking about Bitcoin Cash. ​ >What other pure PoW with no ICO/devtax/premine chains are there? It's just BTC, DOGE, LTC, XMR, Anybody can fork Bitcoin by copying its codebase and start tweaking stuff. That's not an accomplishment. ​ >It's a new generation of holders, builders, and supporters, we stand on our own as BitcoinCash™. So BitcoinCash is a company now? How decentralized. ​ >What did BTC get done during last 7 years other than Taproot/ordinals shitshow? Bitcoin's strength lies in its inability to not change every five seconds. There's security, consistency, and longevity in that. The foundation is stable. Apart from major upgrades on the base layer like SegWit and Taproot, you have developments on layer 2s that are aimed to scale Bitcoin. Again, it is a STRENGTH of Bitcoin to have this be abstracted off the main chain. We do not want this on the base layer. And then in terms of global impact, do we really even need to go there? Market cap, transaction volume (on average), active addresses, hash rate, engagement of community, global usage, merchant adoption, mining infrastructure development, the very filling of blocks for god sakes.. which is arguably the largest reason for the fork in the first place. It's like staring at the Great Wall of China and then looking at the chain-link fence in your backyard and thinking, "yeah, I don't really see the difference" ​ >there's no need for that, we want more volume on L1 You *need* more volume on the L1 to be relevant.

bitcoincashautist

Right, now compare it with all the 1000s of other chains which are mostly centralized PoS/VC crap. It's a big ocean, and we're better than the most, and been busy with upgrades, got full L1 DeFi and native tokens now. What other pure PoW with no ICO/devtax/premine chains are there? It's just BTC, DOGE, LTC, XMR, and BCH is most advanced when it comes to L1 tech, you haven't been paying attention. >Roger’s fall from grace He's not relevant for BCH's future. He was a big supporter in '17 and most stubborn in trying to take the Bitcoin brand but he faded away. It's a new generation of holders, builders, and supporters, we stand on our own as BitcoinCash™. >only extracts value from development on bitcoin LOL. What did BTC get done during last 7 years other than Taproot/ordinals shitshow? BCH: BIP-62 malfixes, CSFS, cat&split, full flexible covenants through TX introspection opcodes (May '22), int64 ScripVM ops (May '22), unlimited unconfirmed chains, consensus-enforced native tokens (May '23, with dedicated set of introspection opcodes) that can interact with covenants, keep & pass around contract state, and make L1 DeFi happen, P2SH32 to solve the collision problem. Also, getting adaptive blocksize limit in May '24. In '18 we were doing recursive covenants with CSFS+CAT&SPLIT, now we're just using introspection, it's much more straight-forward. We already have the primitives to implement whatever L2s we want, but there's no need for that, we want more volume on L1 so fee volume will add up, imagine 2033 BCH at $200k at peak of bull, PoW worth $210k/block, blocks filled with 190 MB, and fee/TX still cheap at 6 cents. 190 MB is at the limit of current tech (due to orphan rates, when it comes to general non-mining nodes we have proven a RPi can keep up with 256 MB blocks). Also, we're working on UTXO commitments to solve IBD.

bitcoincashautist

We preserved scalability properties while giving our p2p cash many more use cases. Cash is only as good as the stuff you can exchange it for, and DeFi will bring in the stuff. You're entitled to your opinion, of course, but it's not like ETH because it is Bitcoin-tech UTXO architecture that can scale 1000x better than EVM because there's no global state. When you lock up some sats in a contract, with new opcodes the contract can now "see" other bits of the TX it's getting spent in to create semi-automated money flows (someone still has to create and post the TX but it needs no signature - you can delegate the task to anyone). What other PoW non-VC/devtax/premined DeFi L1 chain is there? It's just ETC and BCH, and ETC is EVM so it would suffer the same fate of ETH if it actually got used.

MaximumStudent1839

You see, the problem with your ETH maxis is, you are so full of misdirections and propaganda. I had said it before in the bear and I will say it once again. The only real thing killing ETH is its obnoxious community and its L+ infinity road map of infinite infra VC coins. Solana is building out is own thesis and road map. This is why SOL stands out. SOL is doing well by trying to be itself and understanding what target market it wants. On the other hand, ETH is a convoluted mess with plenty of self-afflicted wounds. Instead of focusing on good UI in its ecosystem, it is too busy trying to export itself as “money” into other ecosystems, hence competing against BTC, and build no body really want shit, like Eigenlayer, as a mean to colonize other chains.

Azabuplace

I was and still am a reader of Fred Wilson’s blog/email/twitter. He’s a NY based VC. Was talking about blockchain very early. Still an investor and a big proponent of Web3, etc.

big_fetus_

I already said that SBF's friends in VC and at his cult's agency Alameda are responsible for it's prominence. I own a few SOL and it is frustrating to use with failed txs and network "congestion" and outages. As a guy who bought in at <10$ I'm holding for another few months, maybe a year?, but this shitcoin isnt going to be nearly as prominent post the next bear market after BTC halves. Be honest with yourself.

philipos357

>Korea’s largest VC firm, Hashed, recently put the creator economy and protection of intellectual property at the top of its 2024 call for startups, and the theme will be central to this year’s Korean Blockchain Week (KBW). It seems that sentiment is finally shifting in the right direction. Connecting creators with fans and providing incentives for everyone involved is a sticky idea. I feel like the first big breakthrough for crypto (when it comes to retail) will be a platform that balances this out perfectly.

pseudoHappyHippy

Well most of their tokens are just governance tokens that have no actual reason to exist. L2s themselves are doing quite well, it's just that to make money off of them you need to actually use defi on them, not hold their random tokens that shouldn't really exist. The only reasons those tokens were made at all are to fund the L2's treasury/team, to pay the original VC backers, and to pay the airdrop farmers for creating volume/hype. If you are holding L2 tokens and are not one of those 3 groups that was given them for free, then all you are is the source of liquidity so that those groups can sell their free tokens and profit off the whole thing. Learn to farm L2 airdrops and you will never again be tempted to buy their tokens (instead you will be selling those tokens to the random people who for some reason buy them).

After-Chance4981

Hey everyone, check out this FUD post history lol. And what about VC manipulation ? Can’t wait to hear your opinion on it. lol ;)

After-Chance4981

Shill ? Because I say price is not VC manipulated since no one ever backed that claim ? You have a very strange definition of shilling, but ok stay uninformed. Good luck in this space, you’ll really need it if you only base your investment choices on false informations and rumors.

dogemikka

Given that this is the first halving where the price is dominated by professional investors capital (Hedge Funds, investment banks and VC's) and recently fueled by Etf's Lambda investors, I suspect the price will act like every time a big event is expected in traditional finance: BUY THE RUMOUR AND SELL THE FACT. So I expect prices to dip strongly until July, before another wave o buying that will peak in autumn. Just like in 2021. Remember BTC is now in the hands of traditional finance, so it follows them cycles.

Kike328

they already work similarly: both are entities highly manipulated by VC and removes money from the poor to give it to the rich

Darksylum1982

Mostly Cosmos ecosystem gems. Not the cartel VC controlled trash. The Juicy ones. $Pasg. Passage.io $1000x10 $Dec. Decentr.net $2000x10 and 1000x5 $AKT Akash $1000x5 $DVPN Sentinel VPN $1000x4 $Stars stargaze.zone 1000x6 and over $5000 flipping NFTs $Kuji Kujira Dex $2000x5 $BLD Agoric $2000x3 And the most recent one I am still vesting on the presale is $AXV Astrovault.io on Archway. Buy in $5000 @ 0.09. currently at 0.16, retracing after running to 0.23 so I am close to double on that. Not counting any airdrops, staking rewards, or farm rewards I might not be retired yet but I will get there by the end of this cycle if I keep playing it smart. I have lost about $2000 getting chopped up over the last year a little but all of these gains came since last June. Cosmos ecosystem is awesome. Just stay away from the garbage VC networks like $Atom and $Osmo where Coinbase had a monopoly on the supply and dumps all over everyone with their endless staking rewards they milk from their CEX customers.

After-Chance4981

Or you can’t get explicit because it’s only things you made up like “VC manipulation” ? You realized A16z is in all major crypto projects and it destroyed your FUD ? Lol ;))

After-Chance4981

Why can’t you tell me ? You sound like a true great expert with lot of knowledge on “VC manipulation”. I can’t wait to learn from you.