111–120 of 138 posts
A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at law firm Solitaire LLP, said Three Arrows Capital is considering its options and seeking legal advice in the British Virgin Islands.
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?
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It's like crypto enthusiasts honestly believe that the problem with the financial system is that the buildings have the word "Bank" on them. Then they turn around and offer to take your money promising absurdly high interest rates. Surprise! The only way to do that is to invest in risky assets, except this time there is no FDIC insurance, no capital requirements, no regulations whatsoever to protect your money.
Wrong. What “crypto enthusiasts” refer as the problem is the trust on a third party, banking or watherver. Therefore people who got burned trusting centralized lending castle of cards cannot be referred as crypto enthusiasts.
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…
I'm a crypto enthusiast and I don't share the common view here that blockchain is useless, however ... how do you offer 12% interest on a stable coin? Where is that money even supposed to be coming from?
When new people invest, you can take their money and use it to pay the people who were already invested.
Thiel is a smart investor but even smart investors lose money on some investments. "backed" can have many meanings. I would imagine he has some kind of stop-loss on his exposure to risk here. And indeed, its "Valar Ventures" which has invested, an indirect vehicle. Note: I dislike the guys politics, but that has nothing to do with an objective assessment of his financial investment chops. Same with Andreessen, he doe…
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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…
From what I read elsewhere, he was judged as very very smart at uni, and his motivations in part stem from what I would call bullying: he was not only unloved at school, he was really put down. He decided to show people the inner steel. By now you think he'd have decided "goal achieved" but apparently, he's still on track.
Thiel is a smart investor but even smart investors lose money on some investments. "backed" can have many meanings. I would imagine he has some kind of stop-loss on his exposure to risk here. And indeed, its "Valar Ventures" which has invested, an indirect vehicle. Note: I dislike the guys politics, but that has nothing to do with an objective assessment of his financial investment chops. Same with Andreessen, he doe…
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…
How many people on this board can claim the same?
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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…
Didn’t he score first in a California-wide math contest? How many people on this board can claim the same?
Is there any other VC who gets specifically mentioned as an investor any time one of the companies they invest in does something?