VC

GreenStretch

Solana was the VC coin. Don't know if the pump so far this bull represents a longer term value. [https://x.com/GooseOfCrypto/status/1456002541808807938?s=20](https://x.com/GooseOfCrypto/status/1456002541808807938?s=20)

Severe-Ad7610

Hello! I can understand how you might think that, but we just have a low marketing budget ;). We are a VC-backed web3 user research platform. Our X: [https://x.com/Desparkweb](https://x.com/Desparkweb3)3

Severe-Ad7610

Hello! I can understand how you might think that, but we just have a low marketing budget ;). We are a VC-backed web3 user research platform. Our X: [https://x.com/Desparkweb](https://x.com/Desparkweb3)3

ravi1312

Visit Telegram group chat. You can jump in VC their. I can explain you the project. Visit website for more information. Thanks.

BossToneDude

Okay, I’ll bite. What are the VCs pumping? Does a community like this use Sweaters, or is there another mechanism for Main St investors? How are returns for said businesses VC is pumping? What are the viable alternatives or proxies for VC-style exposure? Thanks, in advance, for indulging me

jawni

>I’m curious who do you follow on X to keep up with early trends on legitimate meme coins as you say (aka BONK)? Every time I log on to X it’s so much shit posting I honestly have no idea what everyone is talking about and I don’t know where to start. 1. It takes a while to get your bearings and contextualize everything. CT is full of shitposting, scams, psyops, and occasionally alpha. It can be hard to tell what is what until you've seen someone tweet enough. Understanding each account's bias will help gauge the importance. Like if someone like Nic Carter, who is sort of a BTC maxi, starts talking positively about projects outside of BTC, or either of the Bankless guys start talking about something outside of ETH, that's a huge sign of confidence. (sometimes is a sign of a paid shill, but that's where the vetting comes in) 2. Curate your following aggressively, unfollow and block/mute people that you find to be overly toxic, immoral, biased, or hypocritical. Try not to block people just because they are contrarian, assuming they have valid points, otherwise it can turn into an echo chamber. I followed a lot of BTC people even though I wasn't a BTC holder when I started using Twitter for crypto. The BTC old guard was so pompous and annoying I had to stop following them, there was just no point in anything they had to say, it was all just "BTC good, everything else bad". I eventually became more bullish on BTC, but that was in spite of them. 3. Try to follow a variety of accounts. Don't just follow traders, but also follow devs, founders, community managers, VC's, policy experts, security experts, farmers, even some thought leaders/KOL's/influencers are worth following. Focusing mostly on a single chain, in my case it was Solana, can make this much easier. I follow ETH pretty closely as well, but it's a bigger ecosystem and fragmented by L2's, so it's harder to keep up with everything. Solana was growing rapidly but it was still easy enough to get a pulse on everything happening. This also helped me catch a ton of airdrops. 4. Once everybody is talking about something, that is probably the local top... but if the market cap is very low it probably makes a resurgence if it's not a scam or total shitcoin. >Also would you say the money you’ve made in crypto in the last 12 months is comparable to what you make in your day job? Do you rely on crypto income for any core financial responsibilities? Without divulging too much info I'd say it's comparable. I'm not quitting my day job but it's a decent amount. I don't rely on crypto at all, I very rarely buy more and very rarely cash out (when I take profits I usually just rotate to a major).

trescoole

All centralized you have bitvm as well, but it doesn’t scale. A lot of new “entrants” are coming in, but it’s mostly VC money, and we all know how that goes.

VirtualWord2524

One way is to look at what large VC funds invest into. So a16z, sequoia capital, pantera, coinbase ventures, binance, etc. Various DeFi projects and upcoming chains. Also pick a niche and see what projects exist for it and if they seem like old news or something that has regular new initiatives to draw users in. A bunch of crypto projects that launch were announced years prior with their initial funding rounds and have Crunchbase profiles. From that I run an Autonomys chain node I follow web3 games so I buy Ronin because they steady have new games releasing on the chain and steady announcements of upcoming games. I follow DePIN so I have MapMetrics, Helium Mobile, and lend my GPU out to new "AI" compute hardware rental crypto services. I bet that Solana Saga 2 pre-order airdrops would pay the price of the phone eventually so I pre-ordered that in January

ma0za

i don't touch VC grifts. they are prone to large pumps and dumps as we saw with Solana after SBF

mrjune2040

This. It doesn’t mean that there won’t be speculative run-up’s along the way, but Solana’s primary purpose is to grow metrics to provide exit opportunities for their VC investors (not the token holders).

No-Preparation1845

Chads in VC

ma0za

Solana is a centralized VC grift chain with huge inflation and large amount of supply held by VCs. Its main utility is for VCs and meme coin scammers to dump on retail

Horsechick48

The people on VC seems to be quite excited

parkranger2000

Haven’t read it so can’t comment but Chris Dixon and a16z are the highest order of VC shitcoin scammers

DNCpaysMetoPost

He had barely a cabinet in place and 2016 was seen as sort of a fluke. If he wins this go around all the pieces are in place already to make sure this time theirs no fucking around. Instead of a ultra religous VP we got one who was a VC and owns $250k+ BTC. Fully expect Vance to be the Crypto Czar like Kamala was (lol) the AI Czar..

deezy_mtg

Or maybe the VC's in San Francisco are tired of stepping over feces on the sidewalk. Every Democrat-led policy has led to more poop, not less. Time for a change.

MaximumStudent1839

> DESPERATE a lot of people are financially these days I mean, a whole lot of them aren't poor. The poor don't have money to fund Trump's campaign. In fact, the biggest VC, a16z, is also backing Trump financially. Many are probably in the top 1%. It is just to show the crypto nouveau rich don't really give a fuck about the rest of society, as long as they can keep mooching off the speculative liquidity in this space. A whole lot of their talk about fighting "structural inequality", "corrupt system", "transparency", blah blah, is why they are funding crypto is full of shit. They are just an extension of the existing corrupt system and just want their liquidity funnel from crypto casino is keep going at all cost.

Astramie

Apologies for the long comment, but for those who are genuinely curious... I use Cardano to stake, buy nfts, make swaps, DCA, and vote for projects. You can also mint an nft to link with an email address, or mint an nft as a handle so you can receive txs using a more user friendly address, like Eth domain names. There's DePIN projects like Iagon, which is like Filecoin, to store your data with a decentralized storage provider. They also host dapps and are working on decentralized compute services. There's NFT royalty platforms for creators like NEWM, Books, and Jpgstore. You can also lend NFTs. Some lending protocols even offer double yield on lending since the liquidity pools are staked. It is kind of like staking liquid staking derivative tokens, but much simpler. You don't have to exchange your ADA for stADA and potentially trigger a taxable event. Also let's say your order has not yet executed at the limit price you set, it can still earn staking rewards while the order is pending. Staking is liquid and self-custody, less middlemen and more ownership for the user. There's RWA projects like Palmyra and Empowa. The ecosystem is growing much faster now that infra and tooling is improving. Community built their own languages like Aiken and Opshin that are based on more popular languages like Typescript and Python, which compiles down to Haskell-based Plutus. You don't need to know Haskell anymore. Although you do need to know how to build on an extended UTXO model, but it is getting easier as more devs open source their code and share their designs. There's even a new batcherless AMM design that got funded this Catalyst round, and designs are rapidly adapting especially with Plutus V2 and V3 now with Chang upgrade, enabling zk primitives support on the L1. There's also new L2's on the horizon that offer unique benefits due to UTXO's deterministic properties like way cheaper fraud-proofs and better mobility between L1 and L2. There's also Leios and Peras to make the L1 faster. Hydra has interesting Catalyst proposals this round as well. The one thing I wish I could use Cardano for is stablecoin stuff. They have home grown stablecoins that are algorithmic and fiat backed, but they don't have the more established ones like USDC and USDT with higher liquidity, stability, and connections. MyUSD on Cardano is backed by USDC and USDT. There are also ways to bridge over USDC using Wanchain. Your implication is right, it is relatively a small ecosystem, a small island compared to the others. But it's fast growing. It's important to note that it is growing without Ethereum's network effect and heavy VC support. But interoperability is increasing with the recent Plutus V3 upgrade, that makes it more interoperable with Ethereum, and other developments like Cardano's integration with Cosmos. There's also Polkadot's Substrate tech powering Cardano's partnerchains. Cardano devs are also bridging the knowledge gap between them and Bitcoin devs with Fluidtokens and Maestro sharing protocol designs. It appears that this cycle, the alpha on Cardano is on Twitter, not on Reddit. Here's a few recent tweets from non-Cardano people. [https://x.com/CryptoConan/status/1811416874552611129](https://x.com/CryptoConan/status/1811416874552611129) [https://x.com/NftswithDiz/status/1813229438370259276](https://x.com/NftswithDiz/status/1813229438370259276) [https://x.com/TannerCartier/status/1813167238599655792](https://x.com/TannerCartier/status/1813167238599655792) [https://x.com/ZKDID\_/status/1799400337612190153](https://x.com/ZKDID_/status/1799400337612190153) Some recent posts to show typical daily chatter. [https://x.com/CardanoRami/status/1805971403675779203](https://x.com/CardanoRami/status/1805971403675779203) [https://x.com/Padierfind/status/1813519559703335109](https://x.com/Padierfind/status/1813519559703335109) [https://x.com/zkFold/status/1813271373802053835](https://x.com/zkFold/status/1813271373802053835) [https://x.com/FluidTokens/status/1813247448015307080](https://x.com/FluidTokens/status/1813247448015307080) [https://x.com/cosmos/status/1806357065960407485](https://x.com/cosmos/status/1806357065960407485) [https://x.com/ZengateGlobal/status/1803850888085189072](https://x.com/ZengateGlobal/status/1803850888085189072) and more... [https://x.com/sharlhuskens/status/1803442866280341529](https://x.com/sharlhuskens/status/1803442866280341529) [https://x.com/VioletNoRegarde/status/1805955713111670974](https://x.com/VioletNoRegarde/status/1805955713111670974) [https://www.youtube.com/watch?v=y4txesKsL\_M](https://www.youtube.com/watch?v=y4txesKsL_M) [https://x.com/ore\_times\_3/status/1810691719848952084](https://x.com/ore_times_3/status/1810691719848952084) [https://x.com/HouseOfTitans\_/status/1811829651121000663](https://x.com/HouseOfTitans_/status/1811829651121000663) [https://x.com/Omen4Omen/status/1804855019864207402](https://x.com/Omen4Omen/status/1804855019864207402) [https://x.com/MoparGirls/status/1813180347494113438](https://x.com/MoparGirls/status/1813180347494113438)

ponyo_fromglue

So, we haven't accepted any funding from VC's so there's really no fear from that end. Also in comparison to other blockchains where early investors get in for pennies compared to regular investors, that's not the case on Glue either! Our seed round was conducted at only a 30% discount to our last community raise on Fjord! Take a look at this image below for a further breakdown of tokeonomics. https://i.redd.it/wekp65fv34dd1.gif

jawni

Don't let your bias make you fixate on the word choice and miss the actual message. >“If I throw it aside, it’s going to be picked up in another country, most likely China — they’re pretty advanced in that sphere,” He means "in charge of crypto" in the same way that silicon valley is "in charge" of VC. He wants the US to be a leader in crypto.

Ankzar11

Look into Kaspa, it's a new approach to Proof of Work that allows for very fast tx compared to mostly any other PoW, will support smart contracts, and is quite innovative tech with very serious/respected team. Also because it's PoW it allows for a fair distribution: no premine and all new coins go to miners, instead of insiders/VC/team getting a huge chunk (usually vested). I'd recommend at least checking their site: [https://kaspa.org/kaspa-faq/](https://kaspa.org/kaspa-faq/)

JismonOwen

t.me/truthinu Take a look for yourself! We doing VC there every day

DAMG808

Yeah.. good choice dude...AVAX has a 11 Years vesting schedule with unlocks every 3 months of 1.67M AVAX Tokens, the 4 unlocks in mid 2023 to mid 2024 are extra massive with 9.54M AVAX per round. Not really helping tbh, when they dilute it every quarter so VC's, the team and early birds can dump it as soon as they can.

mrjune2040

1/ The previous bull market occurred during one of the greatest speculative bubbles of our lifetimes, fueled by stimulus and low interest rates. See: NFT’s and half of the top 50 crypto currencies. Many of the ATH’s set during that time are completely arbitrary imo, and most tokens are unlikely to ever reach them again. 2/ There are now over 20 thousand tokens, and an absurd 67 with over 1 billion in market cap. Every large cap that enters the market dilutes that speculative money even more, and there just isn’t the liquidity to support the majority of large cap tokens. 3/ Look around- the global economy ain’t exactly on fire. There is only so much capital in the world and crypto is still at the speculative end of the investment tree. 4/ Bitcoin and Ethereum remain the only two ‘sure bets’ in crypto imo. It’s really as simple at that- and they are exactly where the vast majority of capital should be going. There will be a lot of large cap tokens that aren’t around in 10 years from now, simply because they are designed purely as exit vehicles for VC’s and early investors to dump token allocations on retail (see almost every layer 2 and retaking protocol)- the incentive is for a chain to derive metrics (TVL and user count) in the first 12-24 months- beyond that many of these chains don’t have sustainable plans for growth for the longterm.

uncapchad

"timeline for payouts to become visible in creditors' accounts may vary depending on the exchanges. Kraken is given 90 days to process payouts, while Bitstamp may take up to 60 days. BitGo will have payouts visible within 20 days. SBI VC Trade and Bitbank will both complete payouts within 14 days" according to this, they started sending a week ago. [https://www.theblock.co/post/303624/mt-gox-creditors-may-have-to-wait-for-up-to-three-months-to-receive-their-bitcoin](https://www.theblock.co/post/303624/mt-gox-creditors-may-have-to-wait-for-up-to-three-months-to-receive-their-bitcoin)

LeMAD

It's possible. VC already ull out of crypto, a lot of people sold at a loss, it's still down compared to 3 years ago, we still a no use case for crypto and a recession which would crash the stock markets is likely less than a year in front of us. If it survives that crash and comes back strong, crypto might be here to stay. But that crash might also be the last nail in the coffin.

JustStopppingBye

https://hacken.io/insights/bonqdao-hack/ Market adoption is already very clear. Tellor is a complete scam but had a crazy pump a few months ago. You don’t have the other major VC scam called Pyth. Lets leave it that way

RookXPY

The OG VC scamchain back in the news, guess that massive treasury they collected from the public isn't buying as many lambos for the founders.

JustStopppingBye

Oracles should be 75% chainlink, 5% rest. I would never put my money into those VC scams but that doesnt mean they cant pump.

RebelliousRoomba

I do my analysis in this order: - How old is the project and what is its current market cap? - Why does this project exist? - Are there other projects that are trying to accomplish the same goal? Usually the answer is yes, and so how is this project different? - Is the project decentralized? - Is it fair launched or was there a premine and/or VC allocation? - What kind of consensus model does it use? What are the pros and cons of the model?) - Does the community size make sense for how long it has existed? (Do people care about this project?) - If the project is successful in accomplishing its goals, where would it reasonably end up in market cap and how long until it accomplishes those goals? - What does the historical price action look like for this project? (Did it have one major spike and then has been flat since? Perhaps there has been a slow but steady uptrend? There are a ton of different options, but understanding the “story” of what caused price action direction in the past helps you understand where it could go in the future)

mrjune2040

Found the retail! And it’s a governance token, most of that ‘technical one liner’ is redundant in regards to the token value. But keep shilling for those VC’s, man, the last bit of unlock still has a few months to go so let’s maximise their exit!

uncapchad

Distribution started last week. Each exchange has a deadline to finish the refund to people. Kraken is given 90 days to process payouts, while Bitstamp may take up to 60 days. BitGo will have payouts visible within 20 days. SBI VC Trade and Bitbank will both complete payouts within 14 days.

mrjune2040

The first two yes. The latter two, the jury remains out. Personally I don’t think Sol is around in ten years from now, it’s a private company whose primarily goal is to facilitate exist short term metrics running on mediocre tech for VC investors to cash out via series B funding etc. And see my other comment on this thread as to why I think shitcoins get suffocated with regulation over the next 3-5 years. As for link, I have no strong view- but it’s definitely not a sure bet relative to BTC and ETH.

uncapchad

refunds have been given to exchanges who in turn have a deadline to distribute to recipients. So timelines vary depending on the exchanges. Kraken is given 90 days to process payouts, while Bitstamp may take up to 60 days. BitGo will have payouts visible within 20 days. SBI VC Trade and Bitbank will both complete payouts within 14 days

Financial_Design_801

Steve Ballmer’s net worth ($157.2B) just passed Bill Gates ($156.7B) for the first time ever. Ballmer was Gates' first non-technical hire and the offer he gave reflects the fact that Gates' hadn't recruited a business person before. One early VC (Dave Marquardt) wanted to restructure the corporation for wider stock ownership They drafted the following corporate structure: ◽️Gates and Allen own 84% ◽️8% goes to investors ◽️8% goes to Ballmer Today, Ballmer owns ~4% of the tech giant while Gates owns ~1%. Ballmer's MSFT position is ~$140B and makes up 90% of his total net worth (making him the 6th richest person in the world).

sajonara84

The trustee (MtGox) has previously detailed that the timeline for payouts to become visible in creditors' accounts may vary depending on the exchanges: krakenfx is given 90 days to process payouts - Bitstamp may take up to 60 days - BitGo will have payouts visible within 20 days SBI VC Trade and @BitBank_BTC will both complete payouts within 14 days. The good news is this is the final overhanging FUD event for Bitcoin. 

uncapchad

Exchange related. *Kraken is given 90 days to process payouts, while Bitstamp may take up to 60 days. BitGo will have payouts visible within 20 days. SBI VC Trade and Bitbank will both complete payouts within 14 days.* So the sky will fall slowly in the next 3 months? The market appears to be assuming every payee will immediately sell.

Simke11

Well at least you know upfront what you are getting into. Unlike VC coins that launch with massively overinflated MC and minimal circulating supply and then just keep dumping, while promising some revolutionary tech.

Sour-Bitter-Confused

Some just kept DCA’ing their hard earned money to the VC funded shitcoins while maintaining the fanboy status for that 🚀 to the moon dream. It’s like a subscription to an OF without having access to the content, only homepage access.

Svoboda1

It’s disingenuous. Was written by a rent seeking VC that is likely looking for corporate welfare for companies in his portfolio. Sorry pal, maybe your poorly run miners should pivot into AI.

mrjune2040

Yeah maybe. I don’t think that Sol had a long term future, in so far that it’s a heavily centralised company whose priority is rewarding VC investors (not token holders) and its focus is clearly not making ‘good quality’ tech. But for that same reason I think they’ll do everything they can to pump user metrics over the next few years and thus I’d expect its market cap to keep rising over the mid-term. But will it be around in 10 years? I’d bet the ‘no’.

LeMAD

VC convinced us to buy by promising utility and then abandonned crypto leaving us holding their bags. I don't feel as stupid as if I had bought GME stocks instead, but it's close.

Aerocryptic

Of course you took pleasure in digging this old thread just to take your victory lap. Your warnings are of little substance, Polychain is a holder like many others. They didn't have any seed rounds at a major discount. Panthera also got in in January. That's the major difference with the usual VC coins like the ones you're used to hold where they have more than 30% of the supply. 4 figures TAO is still the goal, i'll see you there

Fedshmoker

So how rekt are you on TAO? you sound really mad lol. Must suck knowing once a chain is hacked especially a small niche project like this exclusively pumped by Polychain VC money, they never recover. Ever.

Aerocryptic

lmfao VC shiiiitcoins were running out of money indeed. They planned their merger before the run you know. Keep on D riding these VCs, looks like you appreciate it

Fedshmoker

bla bla bla...shutup loser and keep shilling your centralized VC pumped shit coin :) (LOL yea they were totally running out of money though right? All 3 tokens were at ATH when merge was announced)

Aerocryptic

You know why they merged these 3 pieces of shit right? Cause they were running out of money and failing. Keep on shilling your VC shitcoin dude and keep on hating on TAO i'll gladly dunk on your stupid's head in due time

_TheWolfOfWalmart_

I wish I bought this one when I first first of it around $10-15. Oh well. Yes it's probably a VC scam but would still have been at like a 20x even now after the dump.

Fedshmoker

Polychain is a shit company, a shit VC. Not sure why this is being celebrated? Why not take a look at other projects Polychain has been involved in - they get in early, before token is on major exchanges, run up the price 10-20x then dump on retail the week it hits the majors like Coinbase, Kraken, Binance US etc. They have been doing this since 2017 with coins like Tezos, Filecoin, DOT, etc. Recently with TAO/Bittensor as well. Just know they are out to make themselves 10-20x gains and they could give a fuck all about you or the crypto-space in general. They are just a fleecing corporation, that is it.

soggyGreyDuck

Yes I know but the VC money wasn't as bullish as many thought. Well it's bullish but wrapped in corruption

dogchap

Expect Bitcoin is still a currency you can trade with without the need of a bank, it was never meant to replace the fiat but to inspire others to come up with alternates. Anything with limited supply can never be a currency of any society. Bitcoin made millionaires out of ordinary men, never in our history did we have this much wealth generated by an average joe with little capital. Dot Com boom was also for exceptional minds and people with VC backing. This on the other hand had nothing you needed 100 bucks to buy this back in the day and you had made a killing on it. Nothing lasts forever as now it's mostly a big boys game. but Bitcoin's name is etched forever in the history of free people it brought many out of poverty. Long Live Satoshi Nakamoto, Long Live Bitcoin! ✊🏼

robeewankenobee

You can be on Nvdia, but on SOL , i can't imagine why? Because it pumped x12 in this bull? That's the best 'metric' to take into account. Nvda has a real-life market behind. Any gadget with integrated circuits most likely has some Nvidia chip inside, phones, computers, gaming consoles, you name it. What does SOL exactly do? Gets VC funding and drops often? Since the rest can be done by any other chain.

Soil_Electronic

Just buy ETH itself all these L2’s are VC turds that just dump on you

MaximumStudent1839

> any other of the "really legit" projects. It is very naive to think so. Most "legit" projects are VC-funded in origin. And nearly always they fund a project that launches a token before the project's revenue stream fully matures. The speculative "number go up" game is at the core thesis behind why VCs are confident in getting their ROI. It is also nearly always behind why projects like to time the speculative market on launching their product. Do you ever see Nvidia timing their next GPU launch based on how the S&P 500 performs? Never. IRL, businesses just launch products and earn money from sales. In crypto, it is all about making money off speculative crypto traders. > If the whole game is just the redistribution of money for no real value then it will stop or cool down as soon as enough people lost money to understand that there is nothing to gain. The speculative game has been the core attraction of crypto for 80%+ of its history. If you think it is a fleeting aspect, then you are naively mistaken. Even if you look at Coinbase's ads, the theme is about finding new ways to make money by "breaking out of the matrix" in the traditional system. Understand the key word is to "make money", not "store your value" against inflation. >We won't be able to use crypto as payment for as long as we see the current volatility. A currency is what ppl make of it. The dominant majority are here for the "upside volatility". See how CT goes crazy because the market starts crabbing instead of just going up only. As the desire is for volatility, there will be volatility. How? Projects offering more leverage products get more interest. Projects more targeted toward sustainability get crowded out because they lack interest. Just look at all the DeFi protocols. Those, who have achieved sustainable revenue, get ignored. Those that hop onto the latest bullshit, like restaking, pump the hardest. It is a free market. Products mature towards what big capital wants. And the current big capital likes to promote gambling products. Can't fight the market until you become large to be the market. But I don't think there are good enough actors for this to happen.

_TheWolfOfWalmart_

>So what's the PMF? What are people going to use it for? What makes it different from any other L1 that promises the best tech? Ideally, for the same stuff they use networks like Solana for. It's different because it's a highly decentralized PoW, unlike Solana. >I don't understand why people think this, it's actually the opposite. Well, not so far. Look at the last 2 years of the chart. VC coins go up and up until their vested coins are released, then they obliterate the price almost every time. I prefer fair launch because the coins are widely distributed, not owned by a central entity that can decide to dump it all pretty much all at once. This means you'll have some dumps along the way, but not endless sell pressure like when the VC wants out. It's much healthier. All you have to do is look at the chart history to see that *the market really likes this coin* and it is probably going to keep trending up until the bull's over.

MaximumStudent1839

I think you hit a lot of good points. All these problems circle back to two sources of issues. 1) Crypto gaming is mainly a crypto VC-funded adventure. VCs don't make money from waiting out the product to earn sustainable revenue. They make their bank from selling out a thesis to the public. This is especially true for crypto VCs when they usually demand a token for very early liquidation of their positions in the secondary. The nature causes the following two problems. * They don't wait for the product's maturity and want early access to the token generation event. This forces teams to waste time on managing a token launch in an early development phase over product building. It also means, teams can't design the game to target "normies", because it is usually crypto degens who are ready to fund a token sale when the product isn't even finished. They don't care. They buy because they believe they are early enough to make a profit even if it is vaporware. So now the team has to manage token speculators and product development, when nothing is really mature enough for monetization. * VCs fund this with huge bag bias. If they are mostly invested in ETH products, they likely only fund a game built on ETH L2/sidechain, for example. It creates unnecessary market segmentation for new games to acquire new users. Everyone has heard of Ronin, IMX, etc. How many of you know how to onboard liquidity into these chains? Making a game launch on one platform/VM and work with only one alt currency causes unnecessary friction, especially when the crypto space is so small. Most of these games aren't fully on-chain so it should be easy for them to integrate into other ecosystems. But the space likes to force dev to play stupid chain alignment games over profitability. 2) Current participants are looking for mainly money-making opportunities. They judge devs based on whether they can get rich, regardless of product type. Oh, you want me to exercise? Give me money. Oh, you want me to enjoy your game? Give me money. Oh, you want me to visit a doctor to check up my health? Give me money. Really crazy, you get the gist. * They want asset appreciation at a minimum. Their primary interest is to gatekeep newbies and make a profit off them. * They hate diluation. They want dev to focus their attention on the OG collection. * They have no patience. All these dynamics trap devs in a viscious cycle. It makes launching new projects extremely difficult. It makes it hard for projects to rejuvenate its user base. Every successful game had once hit a low period after a high. It usually introduces new events, benefits, etc. for newbies to get onboard and refresh the ecosystem. Degens want none of this because they see devs as devaluing their assets and want no form of dilution. To them, either the project can die off or devs force newbies to pay their exorbitant price to play the game.

Impressive_Humor_510

Dont you know pump it up, you got to pump it up. Lets go. this will be sick af, Donny is in the VC

Outrageous_Lime3759

I thought the same way you did in the last two cycles and only invested in “tech”, which went nowhere and got continually dumped on by VC’s. I thought I was “too good” for memecoins and my own ego lost me money. This cycle I refused to play the same tune, and memecoins have changed my life. You could say I’m lucky, but the reality is that pure memecoins (not celeb coins or obvious rugs) are the rawest form of crypto investments. You should either be a BTC maxi or at least consider the very real possibility that memecoins are here to stay. Pick your poison, but lose the ego!

diwalost

List of VC backed meme coins .😄

olduvai_man

It was fair-launched with no pre-mine or VC/dev allocation. All exchange listings at the beginning were funded through donations by the community but the project has moved past doing that for any further exchanges. There's no KAS or $$$ to give exchanges to list so they have to buy it themselves and list based on prospect of earning from fees. To be honest, it's the way it should be in my opinion.

SnooRegrets5651

People want solutions to problems that prevent them from being lazy. Programmers (and “not lazy people”) inherently think that other people shouldn’t get to be lazy: Other people should put in the effort - they should learn new abstract things. People don’t want to learn new things outside of their specific interests. People want to be lazy. You want to be lazy. I want to be lazy. But when programmers are running the show, then it’s the programmers getting the money from the VC, ultimately decisions will be made from their perspective. The programmer decides what’s important. Very few programmers and nerds know what creates good products. Or more specifically; they are so opposed to letting other people be lazy that they will do everything to not let that happen. This is why “gas” is something you need to think about when sending some coins or playing a virtual slot machine.

noviwu97

Not really. Everyone in crypto knows memecoin is extremely volatile. The one that makes people look at crypto as a scam is the VC coins with somewhat strong "fundamentals" but down 90% against BTC within 3 years

SmoothGoing

He's got loads of VC cash to live on. Doesn't need to use his own money.

Star__boy

Most VC coins are very overvalued, with vesting schedules that are unclear. A few teams actually lie or obfuscate the actual emissions sched. Maybe if prices fall a further 60 percent I might be tempted to buy a few newer coins such as SUI and SEI. Sold all my arb as the unlocks are brutal. For now just stick to btc/eth/usdt

antiwrappingpaper

"fuction" miner function = perform an investment based task for the chance of getting a reward VC function = perform an investment based task for the chance of getting a reward This guy is dumber than rocks, but he prefers to give money to Bob instead of Rob, just because.

Curious-Still

Lol it most definitely is not.  Biggest VC money grab ever. 

Odlavso

They needed funds to continue development, VC money drying up so they turned to scamming

noviwu97

There's just 0 reason to hold ARB. VC are already started to vest their allocation over time.  And there's currently defi incentives where you can farm them.

jawni

Surely this subreddit will hold this "VC chain" to the same standard as they do for Solana.

GoodSamoSamo

Solana has so many developers, users, and builders. It's success has nothing to do with VC backing except for the fact that VCs have allowed for the foundation to have money to help bootstrap the network. Such a bad take.

GoodSamoSamo

You clearly don't understand how capital markets work, nor were around to remember the aftermath of ICOs. How else do you expect crypto projects to get funding? Also, just because financed by VCs doesn't make them "centralized scams," that's literally a 50 IQ take from a retail market participant who doesn't know shit. Explain how VCs taking a minority share of token supply (which is often locked up over years) makes it "centralized" and a "scam." BTC, ETH, and ADA are great examples of projects that weren't VC coins, yet still retraced in excess of -90% on multiple occasions. You type of thinking is an expensive mistake.

satoshiwife

Did not you just admit all coins are centralized VC scams?

GoodSamoSamo

ICO days are long gone you dummy, all L1s and L2s are now financed by VCs. To be anti-VC money is to be anti-competition. A classic 50 IQ r/cc take.

satoshiwife

Garbage? You sound emotionally attached to your VC funded pump and dump coins

GoodSamoSamo

Can't wait for all these 50 IQ, nonfactual, uninformed takes (like centralized, VC coin, outages) to start rolling in... Haters in disbelief, but will eventually capitulate. Solana continues to overcome adversity and emerge stronger and stronger.

MerkleChainsaw

Fair! Regarding centralization I was thinking of the 20 “superminority” nodes and regarding VC backing I was thinking how it originated with multiple VC funding rounds before crowdsale, but the reality is always more complex and I don’t know enough about Solana to confidently post what I did.

olduvai_man

It's still not listed on a single major exchange, so more room to run IMO (esp. with no pre-mine/VC/distribution). Got in early last year and not planning to get out for awhile. Could go to 0 for all I know, but Marathon deciding to ramp up and this being the only coin they now mine outside of BTC is pretty damn bullish for the hash rate.

SunDreamShineDay

Here are some articles of partnerships created since 2020 where they state XRP is being used. >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

therealcpain

> security Won’t argue there that eth has the best amongst PoS. > credible neutrality Hard disagree here. The eth foundation has been shown in the past to do what’s best for itself. DAO hack front and center. > decentralization My argument here is: what degree of decentralization is required for a PoS L1? No one knows. As for the VC comment. Cmon. Let’s not pretend that ETH pre-mined the fuck out of their token and the ETH foundation continues to sell into rallies. I don’t claim that any PoS chain is neutral. There is only one and that’s Bitcoin.

SeparateReporter6625

I was in VC our devs held and I really liked what I heard so I am also going to hold my bag long

Filibuster69

Ethereum is the most technologically advanced blockchain period. TPS and fees are irrelevant when the target is decentralization, security and credible neutrality. All chains claiming they have higher TPS are just more centralized. All chains claiming having lower fees have either inflation subsidized transactions or are just underutilized. Don't fall to VC propaganda.

Lillica_Golden_SHIB

Inata sell imo, better get something now than a lot less later, learned this way after following a bunch of VC coins

Garlicoiner

I cut my losses with XRP at -30% down at the beginning of 2023 and transferred it into ETH. Best decision, I can't believe I bag held XRP. I swear to god it's held by normies thinking it is a secret sleeper because banks own it, without ever doing any research into the project. It's also heavily shilled by crypto news sites who have every interest in bagholding since VC days.

_etherium

Here you go, from victims of the Celsius fraud. inb4 the basement dwellers say "celsius wuz centralized!! my tokens are safe!!" It's the same shit - VC owned protocols with the ability to rug your life savings instantly. >Dear Honorable Martin Glenn, >I write to you to let you know the devastating impact that Celsius is having on my life. My husband >and I put in a combined amount of $138,000 USD into Celsius trusting their intent and care for >customers. The thought of losing that amount of money is horrifying. That was our life savings. It was >our chance of having a baby, and funding medical expenses. It was our chance of taking care of our >parents as they age. Since the halt of withdrawals, I have not been able to sleep or eat properly. I have >been emotionally distressed which is impacting my marriage and my life. I feel like I just cannot get up >each day and keep going. My mother, who passed away of cancer when I was 19, left me with some >money that I put into Celsius. If I do not get that back, I will end my life as the loss will impact my >family and I significantly. We did so much research and thought Alex (CEO) was trustworthy, having a >family of his own. I am just devastated, and I beg you to please find a way to ensure Celsius pays back >their customers. I absolutely beg you with my life. Please Honourable Martin Glenn. I am beyond >upset. This money is everything to us. >I thank you so much for your service, sir. [Source](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174907262280000000041.pdf) [Compiled Excerpts](https://blog.mollywhite.net/celsius-letters/) [Full Docket ](https://cases.stretto.com/Celsius/court-docket/)- Search "Letter to the" Court or Honorable Martin Glenn

_etherium

This is not compression, this is a validium which is a less secure flavor of a rollup. Compression means you can squish all the data into a box but later retrieve the data from the box (L1 state). "ZK Compression" cannot retrieve the data from the box. Instead, the data was stored off-site in a cheaper box (calldata) but you need a delivery man (outsource trust from blockchain to RPC providers unless you want to run a full node which is probably going to cost tens of thousands of dollars a year for a data center) to ship it to you. This is probably fine for lower security items. Of course, the Solana guys will gaslight everyone into thinking this is brand new and the best thing since sliced bread to avoid giving Ethereum credit for a modular, rollup centric roadmap and then when the Ethereum guys descend from their farcaster castle to call them out on it, the Solana guys will further gaslight everyone into thinking the Ethereum guys are ivory tower elites that only do research even though one thousand rollups are already deployed on Ethereum. And then the Solana guys will say the rollups are multisig which is true until the rollups drop their training wheels and get rid of the useless VC governance tokens. And repeat with the next twitter post. This is the best entertainment on the internet. Never change, crypto.

Apprehensive_Day6607

old coin. VC. no thanks

BarryTheBaptistAU

$1K investments - that's about 4 times what most crayon eaters here have invested. Ya gotta bet big to win big in this space on shitcoins nowadays is to be a VC, dev or founder. Agree with the rest of your comment though.

DrCuriumMyrtle

Ive had a personal account and a business account at kraken since 2020. Everytime I have used Kraken support I've been able to talk to a human very promptly. I'm in Australia so that means I'm support are talking to me between 1am and 8am. I can't even get an Australian bank to answer promptly during business hours. Kraken's trading interface and reporting documents could improve but the former can be accommodated and the latter worked out via support. I believe Kraken upholds it's principles and doesn't focus on exploring it's users. As for Coinbase I do not trust them at all. I think their only purpose is to squeeze retail for $$$. For example I think their Base chain exists so their VC arm can pump the TVL on their defi projects on a sequencer coinbase controls. This way coinbase can freeze funds after a hack- their funds... I don't think they'll do this for retail- you'll sign a legal waiver to use Base, then you'll be on your own. Thus, if I need to trade outside Kraken I'd much rather do so on Binance than Coinbase. For all it's touted troubles Binance has always offered a good platform and good security; as individual actors I trust Binance more than Coinbase. I strongly feel that Coinbase would use every trick in the US legal system to dodge accountability or screw users if you end up having a problem.

TechCynical

Yeah not to mention these are almost shit tier coins as well with high inflation and or VC selling pressure. Like with CRV the CEO literally borrowed like 20% of the coins supply on a lending market and got liquidated leading to extreme selling pressure.

TheDailySats

We are, it's just that the VCs are leaveing, which is why the market is crashing. its actually VC induced solana bull rally. now the actual one starts. reference: [https://thedailysats.com/crash-altcoin-bloodbath-sol-avax-plunge/](https://thedailysats.com/crash-altcoin-bloodbath-sol-avax-plunge/)

bernielomax13

All these VC crooks showing true colors.

swampjester

Stop being naive. I’ve never heard of a hosted mining company that **didn’t** end up being a scam. There’s no reason these companies need your money, if they’re handling all the operations. Why don’t they just go to a VC or bank or an angel investor to raise capital? They’re targeting you because you’re an unsophisticated retail investor (no offense) and don’t really understand the industry. The entire business model of hosted mining is centered around scamming gullible fools, it’s been this way for 10+ years now.

RefrigeratorLow1259

Yes, I see it's UTXO like BTC, not accounts based, looks as though it's not dependent on VC funding either....( Hopefully decentralised?) Could be good for a micropayments platform? 🤔

RefrigeratorLow1259

Self advertising, since Pantera are heavily invested in Solana, amongst many other VC funders! 1. Solana - $335,000,000 2. Filecoin $257,000,000 - 3. Tezos - $232,000,000 4. Avalanche $230,000,000 5. NEAR Protocol $150,000,000 - 6. Polkadot - $145,000,000 7. Algorand - $126,000,000 8. Cardano - $62,200,000

gibro94

It's largely VC owned and operated, therefore there is a lot of money going toward marketing and one of those marketing strategies is to push narratives and suppress any FUD. Solana is very good at this.

aaaanoon

I'm not dodging a question. Read the first line again. No need to get excited. Solana works most of the time. It's fast and it will likely succeed. A solid business for the early investors, Dev's and VC's

0xSnapshot

For full tokenomics, please check out section 4 in the whitepaper! We've been extremely capital efficient and haven't raised any major VC money, meaning you won't be pumping their bags at the very least. The lowest price anyone was able to buy the tokens is $0.253 for Seed Round investors. The average price paid in the LBP was $0.668, and if I recall correctly, the highest price was $1.45. So there's no one that is 100X up or anything even remotely like that. There ARE founders' tokens (both founders also invested $500,000 in the Seed round on the same terms as other seed investors, so we have two tranches), but they have a long-term lockup and are meant to align incentives with token holders. So, compared to basically any other project I can think of, there's no one poised to dump on you at 100X from day one!

ACIDODOMING0

ETH is also backed by a bunch of VC douchebags

JustStopppingBye

API3 is a shitcoin along with all the other VC oracles like band, supra, pyth.

99Beers

My two favorite podcasts were VC guests and one was going all into SOL projects when SOL was less than $20. If anything my perspective has changed to follow the VCs.