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Syed Shah🏴☠️🌊
@syed
My takeaway from this is that memecoins are training a generation of very savvy investors, and equipping them with liquidity. If they ever managed to get out of the casino. The measuring the valuations here and estimating profits are second nature. Not to mention the ability to detect BS, but also to detect how much profit can be made from BS (what's truly valuable and what is pure garbage). I'm fairly comfortable saying the average shitcoiner is a more capable investor than the average VC. It's just all directed into the PvP casino, which might not be a bad thing. Steel sharpens steel.
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matthewb.eth
@matthewb
the gatekeepers aren’t going to like this one, here are the rules: 1) only ex-coinbase employees are allowed to become successful founders, because they’re the only ones that understand Blockchain and Apps 2) only people with a Serious Finance background are allowed to become a VC, because they’re the only ones that can do Serious Analysis with Big Money
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Syed Shah🏴☠️🌊
@syed
1) on average excoinbase ppl are very smart and would def be higher then average odds at succeeding so this makes sense to me. 2) traditional finance has a lot of gatekeeping under the guise of protecting investors that maybe made sense before information asymmetry was greatly reduced. So the guardrails have become gates. But angel investing should be allowed and crypto is a great enabler of that. That’s my understanding anyway. So it’s less you’re not allowed to and more that it’s most people don’t because it’s inefficient use of capital. Crypto startups that use tokens can access the capital of this market but it’s def a legal grey area.
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matthewb.eth
@matthewb
haha my reply is a shitpost but yes, valid points. I’m simply gesturing to the predictable responses you’ll get to your post (“no it’s not the same”, “nobody trading memecoins knows anything,” etc). VC is a weirdly gatekept profession even though anons in the trenches would often be well-suited to many of those roles (specific to crypto obv), rather than tradfi suits or ex-faang.
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