jacob
@jacob
Paperhanding is a pronounced phenomenon in crypto. Having both >1000x opportunities AND liquidity makes this difficult. In venture there isn’t anywhere near as much liquidity, so it’s easier to invest with the assumption it’s a 0 or 1000x and do nothing in between (you’re forced into this position) In crypto it’s a much more active and constant consideration, in an extremely noisy environment.
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呂丹冊工
@gami
the /imf are helping solve this
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