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Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals

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Re: Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals

#81

Post by [deleted] »

gruez wrote: post #35
andsoitis wrote: post #33

Earlier quoted context omitted.

> People need lots of things. The principal constraints on real estate are political. (The entire concept of real estate is a social construct.) Not physical space. Even if (the amount of) physical space isn't one of the main constraints on real estate, any particular location may be more desirable relative to others, e.g. a gorgeous view, away from factories or highways.

Nah, it's social constructs all the way down. A location might have gorgeous views, but if it's in a rural area and urbanization intensifies (think pre-pandemic), it will left in the dust as jobs and businesses dry up. Same goes if it's in downtown and it gets hollowed out (eg. white flight).

[deleted]

Re: Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals

#82

Post by ramraj07 »

tomcam wrote: post #57
ramraj07 wrote: post #38

Earlier quoted context omitted.

Thiel is not too smart. He’s smart. As smart as Steve Bannon? In fact I cannot differentiate who’s talking if you play their podcast interviews. Thiel has a sputtering of good ideas, and he was in the right place to invest in some successful ventures, but he’s not some once in a life time visionary. As of now, it looks like he’s nothing but a hypocritical selfish vindictive rich asshole with a blood boy (every adject…

What’s… what’s a “blood boy”? Almost afraid to ask here…

Perfect summary - https://www.thewrap.com/silicon-valley-fact-check-are-blood-...

The science is, for better or worse, fairly legitimate though. The ramifications are dystopian of course.

Re: Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals

#86

Post by MrThoughtful »

imgabe wrote: post #83

Is there any other VC who gets specifically mentioned as an investor any time one of the companies they invest in does something?

When you sees news about some company and the news does not mention Thiel, how do you know he is not invested in them?

Re: Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals

#87

Post by cycrutchfield »

mightytravels wrote: post #48

I can’t believe that all the crypto yield Cefi companies Al just gave their money to 3AC. There’s literally hundreds of high yield strategies out there. Many of them well hedged but nobody went that route (at scale).

Unless you think you know better than them, maybe this should tell you something about the landscape of investment opportunities.

Re: Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals

#88

Post by [deleted] »

axg11 wrote: post #55
brentm wrote: post #19

I've been in and out of crypto since 2014 or so but I've never been more bearish than 2021. When the majority of my Twitter feed became visionaries predicting web3 it all seemed destined for pain. There are billions of reasons to embrace the idea of a platform shift but when everyone can see it coming a mile away they're probably either wrong or a deep trough of sorrow away from it working out.

You've never been more bearish than when the highest number of developers and builders are working on crypto?

[deleted]

Re: Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals

#89

Post by spaceman_2020 »

The weird thing about crypto is that it can become a $20T asset class without it ever truly affecting the "real" world, as long as the money stays circulating within the crypto ecosystem.

Crypto marketcap topped $3T this run. It was likely much higher given that this $3T figure comes from CoinGecko and it doesn't track NFTs and unlisted tokens.

Yet the real world impact of this market crashing wasn't really as big as it would have been if a "real" $3T market was to drop by 2/3rd.

I suspect that in the absenece of real world growth and quickly depleting real world assets, more and more businesses will pile into web3/meta/crypto. In the metaverse, you can theoretically have infinite growth as long as that money stays within the metaverse ecosystem.

Re: Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals

#90

Post by grey-area »

spaceman_2020 wrote: post #89

The weird thing about crypto is that it can become a $20T asset class without it ever truly affecting the "real" world, as long as the money stays circulating within the crypto ecosystem. Crypto marketcap topped $3T this run. It was likely much higher given that this $3T figure comes from CoinGecko and it doesn't track NFTs and unlisted tokens. Yet the real world impact of this market crashing wasn't really as big as…

This does have real world consequences for all those small players who were suckered into buying cryptocurrencies at the peak by the likes of Saylor, Thiel and Musk at the peak. Many lost their savings and many more will.

Re the market caps, these are a fantasy propped up by unaudited exchanges currencies like tether. So it’s unsurprising all that perceived wealth melts into air - it never existed.

Interesting that you think web3/meta/crypto are tied together and have a future when nobody wants to use them. They were simply vehicles for speculation in a very large asset bubble, now that the bubble has started to pop nobody wants these speculative assets but we haven’t seen capitulation in markets yet nor the end of fed rate hikes, so the pain will continue.

Re infinite growth and business interest in these three areas, I see no evidence of that.

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