7 ms·

A16Z didn't invest in FTX

• jacquesm 4y ago
  No, but they've been all over crypto: https://a16zcrypto.com/ https://a16zcrypto.com/
  • deschutes 4y ago
    Let's not forget this gem https://archive.nytimes.com/dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/ https://archive.nytimes.com/dealbook.nytimes.com/2014/01/21/...
    • jacquesm 4y ago
      The juxtaposition of the headline with the items above it from the present is interesting.
  • austenallred 4y ago
    Yes, but crypto didn’t steal billions of dollars. Individual companies did. A lot of people are still reasonably very excited about Bitcoin and crypto.
    • jacquesm 4y ago
      A lot of people are un-reasonably excited about Bitcoin and crypto, in large part because VC backed companies are pushing the story that there is money to be made there. A lot of those people will lose their savings and/or their shirts because they are not made aware of the fact that those companies are on the sell side. You can do your utmost best to try to separate that from 'Bitcoin and crypto' but to your average victim that doesn't really mean much. I've used crypto, I think I understand the main limitations, have mined a single bitcoin back in the day when this was still possible on a GPU, received donations and made donations using bitcoin, in the end I see it is of limited usefulness, mostly related to when people are unbankable for a variety of reasons, but I do not buy the hype.