A16Z is re-registering as a financial advisor, renouncing its status as a VC

#1

Post by zt » Wed, Apr 03, 2019, 3:30 AM UTC

A16Z is re-registering as a financial advisor, renouncing its status as a VC
forbes.com

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#2

Post by seibelj » Wed, Apr 03, 2019, 3:39 AM UTC

A16Z’s unapologetic bet on cryptocurrency and blockchain companies is big for the industry. As crypto heats up again and blockchain 3.0 projects emerge (Cosmos, Polkadot, Ethereum Proof of Stake) VC will help legitimize the industry.

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#3

Post by kkotak » Wed, Apr 03, 2019, 4:01 AM UTC

I'm disheartened by the power wielded by so few in the American King Making Machine called the Silicon Valley.

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#4

Post by googlemike » Wed, Apr 03, 2019, 4:01 AM UTC

seibelj wrote: post #2

A16Z’s unapologetic bet on cryptocurrency and blockchain companies is big for the industry. As crypto heats up again and blockchain 3.0 projects emerge (Cosmos, Polkadot, Ethereum Proof of Stake) VC will help legitimize the industry.

Can you provide a single problem where the right solution space is blockchain? Ive thought about this a good amount, and cannot come up with a single use case where current established centralized technology is not a better solution.

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#5

Post by threeseed » Wed, Apr 03, 2019, 4:01 AM UTC

seibelj wrote: post #2

A16Z’s unapologetic bet on cryptocurrency and blockchain companies is big for the industry. As crypto heats up again and blockchain 3.0 projects emerge (Cosmos, Polkadot, Ethereum Proof of Stake) VC will help legitimize the industry.

I really hope VCs do the right thing by the environment and stop supporting any crypto company that involves the sort of excessive Bitcoin type mining we've seen today.

Whatever problem they supposedly solve does not outweigh the staggering impact to the planet.

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#6

Post by 3mtj20 » Wed, Apr 03, 2019, 4:02 AM UTC

Dear Lord I hope it's 2017 all over again :)

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#7

Post by js2 » Wed, Apr 03, 2019, 4:03 AM UTC

seibelj wrote: post #2

A16Z’s unapologetic bet on cryptocurrency and blockchain companies is big for the industry. As crypto heats up again and blockchain 3.0 projects emerge (Cosmos, Polkadot, Ethereum Proof of Stake) VC will help legitimize the industry.

The Economist is skeptical:

https://www.economist.com/finance-and-economics/2019/03/28/f...

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#8

Post by QuackingJimbo » Wed, Apr 03, 2019, 4:03 AM UTC

googlemike wrote: post #4

seibelj wrote: post #2

A16Z’s unapologetic bet on cryptocurrency and blockchain companies is big for the industry. As crypto heats up again and blockchain 3.0 projects emerge (Cosmos, Polkadot, Ethereum Proof of Stake) VC will help legitimize the industry.

Can you provide a single problem where the right solution space is blockchain? Ive thought about this a good amount, and cannot come up with a single use case where current established centralized technology is not a better solution.

Seconding this request. Whenever I ask a crypto bull this question directly they just call me an idiot without providing any actual examples.

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#9

Post by zhoujianfu » Wed, Apr 03, 2019, 4:05 AM UTC

QuackingJimbo wrote: post #8

googlemike wrote: post #4

Earlier quoted context omitted.

Can you provide a single problem where the right solution space is blockchain? Ive thought about this a good amount, and cannot come up with a single use case where current established centralized technology is not a better solution.

Seconding this request. Whenever I ask a crypto bull this question directly they just call me an idiot without providing any actual examples.

Illegal stuff?

Re: A16Z is re-registering as a financial advisor, renouncing its status as a VC

#10

Post by seibelj » Wed, Apr 03, 2019, 4:05 AM UTC

googlemike wrote: post #4

seibelj wrote: post #2

A16Z’s unapologetic bet on cryptocurrency and blockchain companies is big for the industry. As crypto heats up again and blockchain 3.0 projects emerge (Cosmos, Polkadot, Ethereum Proof of Stake) VC will help legitimize the industry.

Can you provide a single problem where the right solution space is blockchain? Ive thought about this a good amount, and cannot come up with a single use case where current established centralized technology is not a better solution.

I have also thought about this a good amount, and the answer is any place you want a market. Markets are a very interesting thing, and when they exist all sorts of things happen, but especially real time price discovery.

What digital assets enable are markets around digital goods. Software can be funded and operated using new tokens specifically for that project. I believe it can be one solution for financing and creating real gains from open source.