spoke with a serious crypto vc who said he's sick of seeing pump & dumps, that he wants to invest in meaningful apps that leverage useful innovations like USDC (his specific example)

i then asked about recent investments he could share and he unironically replied: Catizen

... this is Catizen:

spoke with a serious crypto vc who said he's sick of seeing pump & dumps, that he wants to invest in meaningful apps that leverage useful innovations like USDC (his specific example)

i then asked about recent investments he could share and he unironically replied: Catizen

... this is Catizen: https://catizen.ai/

building /quidli 🦑, casting in /justinahn, daoing in /🍊 & /🟪

Every "serious crypto vc" that says they want to "invest in meaningful apps that leverage useful innovations" still ends up doing the same thing as always: demand token warrants they dump on retail. I don't know if they've gotten so used to saying the line that they actually believe it or they just enjoy lying to founders, but either way the malignancy on the industry needs to be excised, and the only way to do that is to stop giving them the time of day.

"But our LPs demand it!" they cry.

But to issue a token that fulfills the warrant also triggers securities laws, meaning it will never happen, or at least not accessible to U.S. residents, so they're either lying to their LPs too, or they're okay with stripmining other countries' retail populace.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

No need to overthink - they just want to make as much money as possible and they will do whatever it takes to achieve that (of course that doesn’t mean they will always succeed)