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

Post by icelancer » Wed, Apr 03, 2019, 5:42 AM UTC

peteretep wrote: post #80

dcosson wrote: post #35

Earlier quoted context omitted.

IMO the original use case of just Bitcoin is still by far the most compelling. A non-inflationary store of value not unlike gold, but it can be transferred for a very low cost anywhere in the world in minutes. I think the same arguments that come up about privacy can also apply to currency - I'm not doing anything illegal, why I do I care if I'm being monitored? or I'm not buying anything illegal, why do I care if ba…

Why don’t you think companies can inflate the crypto money supply in the same way that they inflate the fiat money supply?

Post by icelancer » Wed, Apr 03, 2019, 5:44 AM UTC

QuackingJimbo wrote: post #44

Mirioron wrote: post #24

Earlier quoted context omitted.

Transferring money from one country to another. It might seem easy right now, but if Visa or MasterCard ban you or your recipient, or their region, or country then it becomes much harder.

Just don't get banned by Visa or Mastercard

Post by bpchaps » Wed, Apr 03, 2019, 5:46 AM UTC

cheschire wrote: post #89

bpchaps wrote: post #57

Earlier quoted context omitted.

Does it matter if they are? The statement stands.

I take it as an offering of deeper perspective, especially to one who is disheartened. This is not the first, and won't be the last, group of successful people who rise to top-tier power through offering to propel middle-class folks into entry-level upper class power at great risk to society. Move fast, break things.

Post by brian_cloutier » Wed, Apr 03, 2019, 5:51 AM UTC

QuackingJimbo wrote: post #58

rtpg wrote: post #53

Earlier quoted context omitted.

There is a legit use-case in micropayments with certain crypto implementations that don't share the blockchain's massive centralisation (what else do you call "every transaction has to be accepted on one shared append-only log"?), that would allow for offline P2P transactions if you have some trust. These cryptocurrency implementations along with some infrastructure would let you build a cheap low-cost micropayments…

Interesting Why not just use the real Paypal?

Post by [deleted] » Wed, Apr 03, 2019, 6:00 AM UTC

KasianFranks wrote: post #67

> venture capitalists have long traded a lack of Wall Street-style oversight for the promise that they invest mainly in new shares of private companies. It was a tradeoff firms gladly made—until the age of crypto, a type of high-risk investment the SEC says requires more oversight. So be it, says Andreessen Horowitz. By renouncing its venture capital status, it’ll be able to go deeper on riskier bets: If the firm wan…