VC

iamsoldats

Sell anything that is PoS, any project with VC backing, any project with an ICO, any project with developer rewards, any project with foundation “treasuries”, and any project that is controlled by a centralized entity. Any chain that has any, some, or all of these qualities is square in the eyesights of the SEC and are going to be labeled securities. That leaves you with LTC and RVN, both of which are verified commodities and completely outside of the SEC’s jurisdiction. Ditch the rest.

moldyjellybean

Doge proving everyone wrong since 2013. It was .0002 then so even at .07 it’s 35,000% return I think it’ll prove /cc sub wrong again in 2024/2025 Fair launch, creators didn’t give themselves a lot, no VC, no ceo , just a crazy Elon but even his tweets have grown old and don’t move the price much. Is the SEC going to go after a 16 year old dog?

_Stealthy

He's still pro crypto, just an obvious maxipad. They want to force Coinbase, and anyone, into compliance, nothing more. Compliance meaning that they unlist anything that threatens what their lobby is balls deep in to. Based on thin legal foundation and with lots of arm swaying and muscle flexing. Just poking at everything they think they'll have on you for maximum fear. Europe and people of crypto should get their act together and take an appropriate counter-position instead of tossing money into the cesspool of Blackrock (iShares S&P, etc.), JPM (BTC, ETH), etc. Not bold enough, we should bet on ourselves, not this quackery and mockup of a market they cook up. They won't even be able to prove in court that Cardano, ADA, is a security. Cardano was always favoured by Europe, Asia and Australia, but this propaganda and market abuse in -and- outside of crypto as of late, should not stand. They're positioning themselves offensively in and outside of crypto against many countries while VC and businesses outside of the US return the favour by trying to play nice, by our laws, naïve of the larger setup or even thinking that they got something good going here and thinking they should follow into their mirage.

Fantastic-Ad548

Juno network. 1) No ICO 2) No public sale, private sale or seed sale. 3) No VC’s 4) Almost 50% of the genesis supply was airdropped making sure that the network is decentralised from the beginning. 5) Founding team allocated themselves only 2.7% of genesis allocation limiting their influence to a minimum.

4ucklehead

Uniswap is based in the US and it is a centralized VC funded company... This means there is someone for the gov to go after if they wish.

Sufficient-Bid-5716

Yup. I think I saw more VC names on the list for this round than the previous one as well.

iamsoldats

Because the largest meme token (DOGE) is actually by definition a commodity. It had no ICO, no VC-backing, no dev-rewards, full decentralization curtesy PoW mining, and no centralized control. Mfw Dogecoin is actually a leader on technology and cypher-punk philosophy.

Electrical-Penalty44

Yep. And people on this sub are terrified of CBDCs. But a CBDC is much better than what we have now: namely crypto controlled by VC,.scam artists, or mining pools.

KAX1107

>file lawsuits against the altcoins There are also altcoins that are not premine, ICO, VC coins, that were launched fairly. Monero has the same ethos as bitcoin.

JamesBondMI6007

lol what? Gary absolutely knows about the merge and that ETH is PoS now. He’s mentioned it on several occasions. I love that this sub thinks the guy who developed and taught the blockchain and crypto coursework at MIT, some how no longer knows anything about crypto. It’s more likely that the CFTC already deemed ETH a commodity which means it will be far more difficult to go after it. Also if they can set a case law on ICO, Premines, and VC coins then they potentially have more ground to stand on in going after ETH in the future.

JamesBondMI6007

They don’t need to go after them one by one, they’re using the targeted coins in an attempt to develop case law. If they win the case then they will set a precedent for all other premine, ICO and VC crypto/tokens. Which will make going after those exponentially quicker and easier.

KAX1107

Every premine, ICO, VC token will be classed a security It was always only a matter of time

BrooklynNeinNein_

Cardano isn't a VC coin and the pre-sale wasn't even in the US lol. Can't see this one going through, but good luck Gery

OverlordXenu

if you didn't sell at 69k you're a moron. personally i sold when it was more like $30, so i'm a moron too, but how do you look at that price and all the VC money in and think it was sustainable…

therealcpain

I hate to be THAT guy… but many of these tokens had pre sales, VC investors and a centralized leadership team. Then many VCs and insiders dump their tokens like mad and all of you are pissed at gensler.

GajaSabac

I am following the project that tends to solve this problem once and for all. Common Wealth grants financial empowerment for all, not just the selected few. Their team of experienced crypto and VC investors plans to help us discover the potential of Web 3 investments and join the community of forward-thinking investors. With this project, there is no need to search day after day for a new hype and crypto gem, but just to go with their advice and the stream.

iamsoldats

That is because those projects are, in fact, securities. ETH belongs on that list too. Any PoS project, any project with VC backing, any project with an ICO, any project with developer rewards, any project with foundation “treasuries”, any project that is controlled by a centralized entity… they are all securities. BTC has none of those things, hence why it is clearly a commodity. Going forward, the projects that were 100% fair launched with no pre-mines, no ICOs, no dev-rewards/treasuries, and no centralized control will be the chains that survive. This is what crypto is all about, but people have been spending the last half decade trying to turn crypto into fiat with more steps.

BlubberWall

Right now nothings being frozen, and it’s isolated to binance.US. But if the worlds largest exchange goes under globally investor faith in the market would plummet as hedgies and VC pull any remaining funds in crypto

KAX1107

>The SEC also alleged that a number of other tokens, including the native coins for the Solana (SOL), Cardano (ADA), Polygon (MATIC), Coti (COTI) and Algorand blockchains (ALGO), Filecoin network (FIL), Cosmos hub (ATOM), Sandbox platform (AXS), Axie infinity game and Decentraland (MANA) are securities There are some new ones there Every premine, ICO, VC coin are going to be classified securities. Coinbase was served a wells notice few weeks ago. It'll be interesting to see what comes out of that investigation.

StrangeInsight

Loyalty is waning because trust is gone in corporations. If web 3 can take profits and funnel it into better products and innovation, at a lower price, you'd have your consumers back. *Good luck getting VC's to approve the swap.*

Capital-Physics4042

When I read personal attacks like this, I can't help myself but get jealous of those who have extra $ to buy ADA. This is signal to buy Ada because it means VC's and maxis of other crypto have no more mud to throw at Cardano. It didn't take me much to find a video explaining this. He's got a private jet charter business for example. No wonder he's gonna consume more jet fuel

GajaSabac

I am sure that AI and Web3 will keep pumping, but I stumbled upon a very interesting, investment project a few days back. The project name is Common Wealth and its agenda is very simple, to allow access to early crypto investment to 99% of crypto folks instead of 1% of privileged ones. As I understood they gathered the best minds in VC and crypto investment and the complete project is community driven so these people will be replaced or promoted according to their performance. Overall I think we all need something like this, to help us search for promising projects instead of buying blindly and making mistakes with rug pulls or some other cheat...

GajaSabac

I am striving for similar goals as you do mate and I am following closely the Common Wealth project. It gathers the best VC and crypto investors and experts, to help the majority of the crypto people to invest in sure and really potential projects. Their agenda is to bring wealth to 99% of the crypto population, instead to the 1% of privileged ones like it is now. If you find it interesting, take a look at their website and read more. https://common-wealth.io/

laguna1126

Admittedly, LRC is still going strong and building/expanding despite the bear market. They don't appear to have been propped up by VC.

BortlesChortles

Because Solana was pumped by VC who used me as exit liquidity :/

strength_in_numbers_

I agree. The character of the person behind a project can often tell you more about its underpinning values than its code. In Ark's case, monetization and attracting VC capital as the "next hot L2" is the ultimate goal. The author stated as much in his FAQ.

ghynabor

Stay away from DOT. VCs who got into the non public ICO are up massively and the chart doesn't reflect it due to redenomination they did. It will probably go up in future when all cryptos will go up but you will have that sell pressure from VCS. Don't buy VC scums bags.

Mikeyctc

Algo is a corporation, it’s got VC’s to pay and overpaid executives that need there money. It’s only purpose is profit. And that profit comes from its inflation through governance rewards, which is gamed by lending loops, then dumped on retail investors.

Kindly-Wolf6919

With investors it's a sell. With retailers it's a dump With VC it's a slam dump.

Swerve99

VC exit liquidity always has the loudest mouths

QuickAltTab

Don't know, can't tell based just on this post. That VC money could be some combination of crypto tokens and shares in a business, or one or the other.

Embarrassed_Copy_598

Crypto is great compared to other asset classes because it's: \-Less competition \-Inefficient pricing \-Lower entry barrier \-Access to quality info & top brains in the biggest companies, VC's through Twitter (good luck trying the same with AMAZON, MSFT, regular hedge funds etc.)

Designer_Restaurant1

Liquidity always rotates into newer projects more, so I'm positioning myself to catch them early. Hoping to get VC insights on All Street😁. It will be interesting seeing how the DAO plays out, I am optimistic.

rootpl

Elizabeth Holmes stole money from wealthy VC investors. Sam stole from regular people.

Knotley-Hunt-Brick

The problems with alts is there are so many factors that are out of your control. Bad and shady team ? Ridiculous inflation ? VC dumping ? Founders getting rich ? Stupid DAO? you name it. They got it.

DATY4944

It was a VC shilled scamcoin that isn't decentralized and doesn't solve anything. The founder lies about solving the blockchain trilemma. He solved it by centralizing part of the process.

Drakoolya

> I believe we may see less scams / stupid narratives. Where there is money there are scams my dude. Bull run is cash in times for VC's , Devs and crypto influencers.

MaximumStudent1839

Oh ffs, this sub is so obsessed with idolization and distorting facts to achieve it. I recommend everyone to read the Cryptopian to understand how ETH was built. Laura does a very job at getting the details. He didn’t “create” Ethereum alone. He worked with a team, including Gavin Wood, to build ETH. And he didn’t “launch” Ethereum. Ethereum was launched by a VC group, which also included Charles Hoskinson, via an ICO. If Vitalik had the power and resources to launch ETH, he said he would done it via a fair mining instead of a ICO. But the VCs wanted money so he got overruled and ETH launched under an ICO. One thing good about Vitalik is he at least acknowledges the major problems on Ethereum. A lot of ETH shills take all ETH vices, like high gas, as virtues. There is no shame in their shilling. Vitalik at least understand and it is takes a based leader, with some humility, to acknowledge his products’ flaws.

BrocoliAssassin

The VC's will be the ones that will be fine in all this.

conceiv3d-in-lib3rty

Just browsing DeBank you can see that damn near every major defi whale is into Lybra right now. The team is probably well know in these whale circles. There’s no way they could have accumulated this much in such a short time, anonymous and no VC backing without the trust of these people.

MaximumStudent1839

Sui is promising. But got to wait out the flush out on those early VC purchases. VC’s entry price is like 9-10x from the current level. Those greedy fuckers will eventually cash out and make new bag holders. That is when people should buy. 2022’s lesson is NEVER trust VCs who are deep in profit. They are fucking JEETs.

KAX1107

[It's the difference of entrepreneurship and energy innovation vs rent-seeking](https://np.reddit.com/r/Bitcoin/comments/10ob5pz/there_are_many_defenses_for_bitcoin_but_i_dont/j6ex8r1/) The only people who are okay with premine, ICO, VC coins are those who are in crypto to make fiat gains. People who are here for the right reasons only see value in bitcoin. The only altcoin that holds legitimate value and is complementary to bitcoin is monero.

PeacefullyFighting

I think there is a very real chance BTC collapses and is slowly replaced by XMR. There's probably too much VC money in BTC for this to happen but if governments all agree to ban it why wouldn't everyone switch? I guess KYC could go away for BTC and slowly be replaced with kyc less defi but xmr would make it so much easier

Whole_Visible

Ya. People trust too much what people advertising/selling to them say. Like every Blockchain project claims groundbreaking partnerships and transformative technology and so many take their word that something significant is actually happening rather than what I think is more likely, just a small experimental proof of concept deployment or a business that only keeps the lights on from continuous VC funding or token sales. Like every claim of technological innovation is claimed by dozens of Blockchain projects

Rockorox752

SUI is a VC project, just released to cash grab. Already a dead project. No body is fucking interested in the project.

Concept-Plastic

How to become an ETH killer:- 1. Guarantee atleast 1000 TPS 2. Insert words like scalable, secure, cheaper than eth 3. pump like crazy on VC money 4. ..

daydreaming1980

another centralised VC scam ... they are growing like mushrooms....it's here to compete with APTOS which here to compete with Solana .. popping in the top 100 out of nowhere..

coinfeeds-bot

tldr; XDC Network has partnered with SBI VC Trade Co. Ltd, a cryptocurrency exchange subsidiary of Tokyo-based financial holding company SBI, to broaden its presence in the Japanese market. XDC Network, formerly known as XinFin, will be added to SBI's crypto exchange subsidiary. The network supports EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers, and complies with the ISO-20022 message standard. SBI is also raising its presence in key crypto markets, having received a license to operate in Singapore in September 2022. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

3utt5lut

Meta was what I assume a multi-billion dollar scam perpetuated by Mark Zuckerberg, entirely on the basis of similar plagiarized material, just to cash in on VC funding! There's no way that they wasted $100B in losses on their pathetic excuse of early 2000 polygon models?

CointestMod

#DEX Con-Arguments Below is a DEX con-argument written by MrMoustacheMan. > #DEX - Con Argument > > Reusing my previous entry [from here](https://np.reddit.com/r/CryptoCurrency/comments/pfos3j/rcc_cointest_general_concepts_dex_conarguments/hdw1d32/). > > *Disclosure - I currently hold several DEX governance tokens, ~5% of my current portfolio value* > > ##What are decentralized exchanges and automated market makers? > > * (1) Intro: https://decrypt.co/resources/what-is-decentralized-exchange-dex > > * (2) Vitalik's original Reddit post: https://np.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/ > > ##DEX caveats > > I'm extremely bullish on [DeFi](https://decrypt.co/resources/defi-ultimate-beginners-guide-decentralized-finance) and believe DEXs specifically hold great promise in terms of: reducing counterparty risk, preserving anonymity and removing barriers to entry for users looking to trade and earn yield. > > That being said, there are some tradeoffs and limitations of interacting with DEXs to be aware of: > > ##Yo dawg, I heard you like decentralization > > - Decentralization can refer [to the protocol itself or to the governance and development of the protocol/platform](https://miro.medium.com/max/1304/0*epCTOVyxEmQq-AiU). > > - [Decentralization is a spectrum](https://nopara73.medium.com/few-words-on-decentralization-and-anonymous-payments-160782d30b9e) rather than a binary distinction. So a DEX may be [decentralized in some ways but centralized in others](https://www.coindesk.com/markets/2018/07/23/decentralized-exchanges-arent-living-up-to-their-name-and-data-proves-it/). Governance and developer control of a platform, for example, can vary wildly: > > >“Some have large control over their direction, others are governed by venture capital investors, and others have broader communities that vote in changes like an open source project.” > \- [Lex Sokolin, CMO and Global Fintech Co-Head, ConsenSys](https://cryptonews.com/exclusives/why-defi-isn-t-always-as-decentralized-as-you-might-think-7695.htm) > > - Users in the [Uniswap Con Cointest thread](https://np.reddit.com/r/CryptoCurrency/comments/og2r4t/rcryptocurrency_cointest_top_10_category_uniswap/) have articulated many of their concerns about whales and VC interests dominating UNI governance politics. > > - But I'll repeat the example of [Uniswap's unilateral decision to delist tokens](https://decrypt.co/76793/ethrereum-dex-uniswap-drops-tokenized-stocks-as-regulators-close-in) after facing regulatory scrutiny from the SEC. Even if a certain protocol is decentralized, the team can take actions to limit access. > > - Similarly, the DeFi community was not too pleased when Compound CEO Robert Leshner [threatened to doxx users](https://decrypt.co/82387/defi-community-blasts-compound-ceo-for-doxxed-comment) who didn't return COMP tokens after a protocol bug. > > - "Code is law. Unless we fuck up. Then we call the IRS on you." said [Blockstream CSO Samson Mow](https://nitter.com/Excellion/status/1443875126982840330). > > - Another concern would be seemingly decentralized platforms like Bancor having backdoors and the ability to freeze user funds ([which they did after a hack](https://techcrunch.com/2018/07/10/bancor-loses-23-5m/)). > > - [As LTC founder Charlie Lee stated](https://nitter.com/SatoshiLite/status/1016499756158234624): > > >"An exchange is not decentralized if it can lose customer funds OR if it can freeze customer funds. Bancor can do BOTH. It's a false sense of decentralization." > > - [Or, as DOGE founder Jackson Palmer commented](https://medium.datadriveninvestor.com/the-lessons-learned-from-a-false-sense-of-decentralization-875b8c2731a6): > > >“The key thing here is not the hack itself — it’s the fact the Bancor team had the ability to freeze funds. How many other “decentralized” DApps have a built-in kill switch that’s centrally controlled?” > > - In removing gatekeepers and intermediaries, DEXs and AMMs promise a more level financial playing field than the permissioned, opaque system of centralized finance. > > - However, even when governance of an open source platform is 'fair' and decentralized, DEX users are exposed to some of the same financial shenanigans inherent to CeFi, [such as front running](https://www.paradigm.xyz/2020/08/ethereum-is-a-dark-forest/). > > - There is no need for practices like [Robinhood's payment for order flow](https://web.archive.org/web/20210729220645/https://www.wsj.com/articles/robinhoods-debut-is-clouded-by-sec-scrutiny-of-payment-for-order-flow-11625655600) when trades are publicly broadcasted for the world to see: > > - "[Decentralized exchanges make it easier for anyone to exploit temporary market inefficiencies for a profit. In other words, it’s easier to front-run the market](https://blog.gnosis.pm/decentralized-exchanges-have-a-problem-7e6d81d91ba1)." > > > - "[Trades on decentralized exchanges \(DEX\) are sitting ducks while they remain idle in the processing queue. A small cohort of developers can and do take advantage of this lag time between hitting the trade button and the trade executing on-chain by front-running, back-running or 'sandwiching' a transaction.](https://www.yahoo.com/now/bad-sandwich-defi-trader-poisons-153336603.html)" > > > ##With mediocre UX comes great responsibility > > - DEXs are often not newbie friendly > > - There is a learning curve to self-custodying and creating a web wallet > > - Because of the immutability of blockchain transactions, it can be [easy for even savvy traders to learn an expensive lesson about human error](https://np.reddit.com/r/ethtrader/comments/jo7lj2/help_needed_i_payed_235172_eth_9500_for_120/) > > - The process can be further intimidating when attempting to[ bridge assets on sidechains and L2s](https://ethhole.link/layer2) (and it is precisely smaller, newer traders who benefit most from[ lower fees](https://l2fees.info/)) > > - So it's not surprising that [many users - especially new market participants - would prefer to accept the counterparty risk of a custodial exchange](https://cointelegraph.com/news/coinbase-regains-1-position-on-apple-app-store-as-crypto-com-jumps-to-third) in return for a consumer oriented and streamlined user experience: > > - Given lack of KYC/AML, the majority of DEXs do not allow for onboarding/offboarding fiat and require users to touch a centralized exchange at some point if they want to get money in or out of 'the system'. > > - To go back to the Compound bug, Leshner clarified that his 'doxx' comment was in reference to DeFi users' interactions with centralized exchanges: > > > "[He said that anyone could identify the public Ethereum addresses that interact with the Compound protocol, and whether they engaged with popular exchanges like Coinbase that collect information about users.](https://www.nytimes.com/2021/10/04/business/dealbook/facebook-whistleblower-frances-haugen.html)" > > - Few DEXs natively offer the same level of trading functionality as centralized exchanges (e.g. limit orders, stop losses). > > - While centralized exchange users are primarily concerned with fees and spread, DEX users must also familiarize themselves with concepts like [slippage](https://academy.shrimpy.io/post/what-is-slippage-how-to-avoid-slippage-on-defi-exchanges) and [impermanent loss](https://academy.binance.com/en/articles/impermanent-loss-explained) > > - As the market becomes more saturated with DEX platforms and aggregators, it can be difficult for a lay user to evaluate competing promises of trustlessness and decentralization - or recognize when they're being exploited. > > - [Exit scams and rugpulls are prolific](https://decrypt.co/55787/defi-rug-pulls-were-cryptos-top-fraud-scheme-in-2020-ciphertrace) - newbies may find it challenging to verify if a DEX is legitimate, especially when dev teams are anonymous and many users lack technical proficiency to audit the protocol/smart contracts themselves. > > - While hacks and phishing risks aren't limited to DEXs, they expose [users to additional attack vectors](https://coinmarketcap.com/alexandria/article/how-to-identify-and-avoid-uniswap-scams): > > > - Given [the ease of creating \(copy/pasting\) and listing a token](https://www.nytimes.com/2021/08/05/business/hype-coins-cryptocurrency.html), it's no surprise that scamcoins abound on DEXs, many of which [spoof legitimacy](https://twitter.com/uniwhalesio/status/1357785710896545792). > > - E.g., [researchers identified over 10K scam tokens and scam liquidity pools on Uniswap V2](https://arxiv.org/abs/2109.00229). > > - Or check out [this recent attack which shows how Uniswap v3 liquidity pools can be manipulated](https://twitter.com/Mudit__Gupta/status/1455627465678749696). > > - More sinister is when [developers tweak the token contract to take your assets](https://twitter.com/r0bster97/status/1338182571558055937) or [remove a token's approval function](https://cryptot3ddybear.github.io/posts/scam-explained-bsc-noapproval/), preventing you from dumping the scamcoin you just bought. > > - Lastly, a DEX often requires users to approve or allow access to a given token before trading. [The default 'unlimited allowance' is convenient, but if exploited it allows bad actors to sweep your funds](https://learn.zapper.fi/articles/how-to-revoke-token-allowances). ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find submissions for other topics.

kowalabearhugs

The centralized, VC funded grifts are also embarrassing. The market is still evolving and many coins, even those in the top 20, have no long term future.

EngineeringFinal3419

They’ll have plenty of new VC’s, they’ll do good next bull

caco101

A lot of people in this sub wouldn't care to sacrifice decentralization and good blockchain design for mere price action. If a big corpo/VC were to take over a major project and pump the shit out of the price, they would be all over it. To draw an analogy, if we were constructing an OS for the people to give freedom(like most linux distros), a lot of individuals in here would prefer the Apple and Windows esk offers.

3utt5lut

GLMR for "now" smart contracts deployment and ASTR for future smart contracts deployment. DOT for (VC) interoperability and ATOM for (Independent) interoperability. BTC to hold, BCH as cash, and ETH to trade.

sutrostyle

You should do something niche, that has a strong hobby community. Anything big is either occupied or requires a massive VC infusion. Good examples are [flightradar24.com](https://flightradar24.com), [https://www.windy.com/](https://www.windy.com/) [https://www.windy.com/](https://www.windy.com/)

thespygorillas

i know, but im talking about the people who genuinely trusted it as coins witha future, it felt like some of them were getting emotional in that VC . lmao

Gr8WallofChinatown

This is why people need to stop buying shitcoins and funding these VC’s wealth and lifestyles

NaturephilicReaction

I guess we now know where the protocol revenue and VC funds went

3utt5lut

Yes, but you can inscribe up to 4MB of data on each Satoshi, per transaction. It would cost an immense amount of money in fees, but with a few million dollars or some VC funding, you could drive the chain to a halt. Like you said 4MB per block, 10 minutes per block. 144 transactions could delay actual Bitcoin transactions by 1 day. Times that by 1000, you could kill the blockchain.

Normal-Knowledge4857

Most alts are VC backed. The founding team and investors get a huge allocation before launch. Seems kinda scammy.

Westbrook_Level

Gotta find the next VC-pumped next-generation project. Aptos I’m looking at you hard.

LightninHooker

Just hijacking this. Polkadot is so trash. VC rekt bukake ghost chain. Parachains are a zero liquidity endless dumping And don't get me started on KSM redudant cashgrab 'canary' test DOT is always gonna be top due to the sheer amount of coins out there but please do not dca yourself to death in that And I say this as someone who entered at $4 years ago and went deep into the whole multichain thing Trash

VampireVlad

Such is the state of the "industry". They print their own money out of thin air, allocate it to themselves and their early investors who get them for pennies, then they pay celebrities, influencers, and news outlets to give coverage to the project. At one point, some use case gets traction among retail investors and FOMO kicks in. They milk the FOMO, make announcements and promise a future where their tech is used everywhere. The poor sucker buys metaverse land or horse jpegs thinking that he's ahead of the curve, and then the early investors dump their tokens on the market because they have enough exit liquidity. The project runs out of money and starts hiring marketers and devs. Then it ends up on life support with a few community members still trying to make it work as a consequence of sunk cost fallacy. The VC money goes somewhere else to finance the development of a new and flashy project that promises to be the next generation. In between the cracks, some money goes to cryptography development and computer science improvements that become industry standards. But that's only a small percentage of the money. Rinse and repeat until the projects that survived through the bull-bear cycles become more robust and gain mainstream recognition. It was all built with money from greedy and foolish speculators.

Knotley-Hunt-Brick

Im very sad and angry at the same time that VC backed projects are the only ones that pumps no matter the shitty tech or lack there of. We might be unknowingly placed VC ( THE SAME GUYS WE HATE ) in deciding place.

Designer_Restaurant1

Airdrops are golden, many of my friends kicked off their crypto journey from airdrops. I am constantly using zksync and Layerzero, metamask too. Got ARB airdrop and SUI allowlist already this year. Another new but seemingly interesting way to make money and generally learn more about crypto could be joining DAOs like [Common Wealth](https://common-wealth-io.medium.com/). I was in a few VC telegram groups last bull run and it was very profitable for me in terms of both investment and knowledge.

VampireVlad

Before Solana and Polkadot, there was EOS and NEO. Before EOS and NEO, there was NXT. Before NXT, there was Mastercoin. Honestly, it's a never ending cycle of similar projects that pump hard during their first bull market and then get abandoned. I'm not sure this time it's gonna be different because there's always a VC-pumped next-generation project.

Gr8WallofChinatown

It’s one of the highest diluted VC coins out there. It’s highly inflated and also a useless network

Designer_Restaurant1

Currently B. the most for me with OCEAN data farming being the most lucrative for me, then ATOM staking. D. is the next on the agenda for me, that's why I joined a VC DAO, Common Wealth DAO, afaik it's the first community VC project.

Always_Question

And the token distribution is horrible. Most VC chains have this problem

nzubemush

Not mine lol, a new VC DAO, essentially a community-controlled Venture Capital. I joined, it sounds interesting and I want to experience it first hand.

coinfeeds-bot

tldr; Peter McCormack, the host of the ‘What Bitcoin Did’ podcast, tweeted a scathing assessment of Worldcoin, inferring the project is redundant as “Bitcoin is world coin.” McCormack slammed Worldcoin using several unflattering descriptors, including “sh*tcoin,” “VC dystopian rug pull,” and “exit liquidity” – enforcing its already dubious reputation. Worldcoin unable to shake its reputation Worldcoin […] The post McCormack slams Worldcoin, saying ‘Bitcoin is world coin’ appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

ScottPowellM

If bitcoin is flipped volatility will skyrocket higher than it is now. Currently, Bitcoin is #1 and has been so for 15 years. Early on people made “BTC killers” and got money because they wanted to own the shitcoin that could replace bitcoin. Sure we still have that competition but if something really does replace BTC it’ll incentivize new degens to yolo money into every shitcoin, purely because “BTC 2 is possible, wen BTC 3?” I don’t think that would be good or useful. Also it’s incredibly difficult to mimic BTC’s rise in popularity, now that people actually care. It was able to establish itself because of the lack of VC money, anything new doesn’t have that privilege

rootpl

But you can minimise the risk, I usually check few things that works especially well for new coins: 1. is coin actually used for anything, or is it just some shady road map with empty promises and no actual use case? 2. what are the tokenomics, who holds how many etc. developers holding for example 50% of total supply is a big red flag, 3. what is the inflation, are 100% of all tokens already on the market or are they going to be released in stages, if only 10% are available in circulation and remaining 90% will be released over the next 12 months in vesting program for instance, then you can expect a massive inflation and selling pressure from released tokens, 4. was there a private sale before where VC investors were able to buy for pennies before everyone else? if yes, expect a price dump once the token is released on the open market

helobro11

How would AI development make crypto less appealing? There’s no overlap between these sectors, a VC is not going to go 100% in on one specific industry. Any VC money involved in crypto or crypto related institutions is already doing so in a world full of tech start ups............. They can both grow develop independently of each other, this isn’t a net 0 situation.............

joyoftoy

Because there is actual profit in AI, meaning it has a use case that creates cash flow. Crypto cash flow is strictly finding new participants. In other words, crypto projects are securities and are likely to be classified as such soon. When that happens, it will be more difficult to launch in the US. Why would VC’s invest in those risky projects when they can earn cash flow through AI projects?

The_Bok_Father

We still haven’t seen money from the masses get injected into crypto yet. Crypto is also, in a sense, technology. Technology that is truly useful is always adopted in three stages, VC money traditionally being the second stage. With governments adopting crypto were about to see the third wave and it will be bigger than we’ve ever seen before.

biba8163

> Seems just as 'fair' as investing money into ASIC's to mine bitcoin? Not really, since most of the supply was gamed by a small number of people in a small period of time vs a decade of increasing difficulty/expense with exposure to generations of miners as an asset gains exposure. Still infinitely better than hyped VC dump coins we've had in recent years. > fix I don't think it's a fix as much as throttling the network and/or prioritizing transfers in discriminating ways other than fees which will result in times of network slowdown/lag in upper bound network activity and/or spam. I guess that is the path you choose if you want to stick to the principle of feeless.

BlubberWall

How would AI development make crypto less appealing? There’s no overlap between these sectors, a VC is not going to go 100% in on one specific industry. They can both grow develop independently of each other

coinfeeds-bot

tldr; Bitcoin mining in rural Africa has led to the development of microgrids powered by renewable energy sources, providing reliable electricity access in general. Kenyan Bitcoin mining company Gridless deploys hydro-powered microgrids to power rural communities in East Africa and has recently reached more Kenyan communities thanks to seed funding led by Jack Dorsey’s Block and Bitcoin VC firm Stillmark. Gridless has also created the Green African Mining Alliance with three other companies with the goal to create a standardized approach to sustainable cryptocurrency mining. The 'Blueprint for Bitcoin Mining and Energy in Africa' report features actionable insights for reducing the electricity-access gap in underprivileged regions with minigrids and small-scale Bitcoin data centers. By providing a consistent and reliable demand for electricity, Bitcoin mining helps to utilize excess renewable energy that might otherwise go to waste, thereby contributing to a more sustainable energy future. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

BigDickVitalik

Cardano can afford to move slowly because there is no VC money in the ecosystem thus no incentive for them to “move fast and break things” - the problem with this, of course, is there is *very little* defi liquidity on chain. There are multiple dozens of projects, not chains, projects on chains that absolutely dwarf Cardano’s entire TVL combined. Cardano’s total TVL = ~$160M GMX (Arbitrum’s biggest protocol) = ~$640M Synthetix = ~$480M DyDx = $339M Velodrome = $237M Cardano is even getting dunked on by Richard Heart’s shiny new toy, PulseX @ $437M…*yikes* There is something to be said for their rigorous development approach, but at some point you have to ask whether the juice is worth the squeeze. Even if Cardano knocked out their next few large chunk roadmap items tomorrow, how would they draw activity/users to the chain?

Always_Question

Indeed ... the problem with most other chains is that they favored speed over decentralization (for Algo, the centralized relay nodes), they print tokens like crazy to pay their validators (poor monetary policies), and the token distribution is usually terrible (VC control/vested coins/dumping), etc.

pbjclimbing

As a positive Algorand transactions are up since I last checked. There has not been an [empty block](https://algoexplorer.io/blocks) in the past 30 minutes The thing is that transaction volume does not fix tokenomics that favor VC investors.