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Helium has revenues of $6.5k/month after $365M investment from A16Z

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Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#341
post #27

I bought ETH when it was $7 back in 2017 and participated in literally every single investment I could until about 2019, resulting in 7 figure returns. I wouldn't touch the stuff now. The ability for regular people to invest in crypto back then made the ponzi-like architecture of it worth the risk. Now the VCs are trying to push their agendas, and it's blatantly obvious it's vapor.

Wait...what? You’re complaining about VCs pushing vapor while simultaneously admitting you participated in pumping “ponzi-like” schemes on regular people? You do realize those 7 figure returns you made were a direct wealth transfer from later-stage victims of the ponzi to you? I’m astonished you’re claiming moral superiority over VCs while sitting on wealth you took from thousands of poor people in places like Vietna…

>7 figure returns you made were a direct wealth transfer from later-stage victims of the ponzi to you?

That would be true if there is no value in what was sold but taking ETH that he bought for $7, in 2019 when he sold it was about $250 and is now about $1500 so people buying ETH then would have done just fine. Ponzi schemes are cons that collapse, not open source assets that go up for years and years.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#342

Earlier quoted context omitted.

I think the next set of companies will become more smarter in their vesting terms. Just think about it, if these data point of selling claims get be bought to on-chain then I am sure people and next set of companies will not borrow some such investors. because of this particular reason I feel DeFi will replace traditional finance first before any other form of crypto companies takes. A recent IMF admitted that DeFi i…

≥ A recent IMF admitted that DeFi is 10x efficient than TradFi. Oh, yeah? Here's the document: https://www.imf.org/en/Publications/fintech-notes/Issues/202... Where does it say that? It doesn't say that, because it isn't true. You continue to reinforce the idea that cryptocurrency advocates deliberately make up false statements.

check : https://www.imf.org/en/Publications/GFSR/Issues/2022/04/19/g... chapter 3 point 4 in summary.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#343

Earlier quoted context omitted.

I think the next set of companies will become more smarter in their vesting terms. Just think about it, if these data point of selling claims get be bought to on-chain then I am sure people and next set of companies will not borrow some such investors. because of this particular reason I feel DeFi will replace traditional finance first before any other form of crypto companies takes. A recent IMF admitted that DeFi i…

It doesn't do anything useful so the 10x really is meaningless if it was ever claimed by anyone in the first place. For example you need to have locked $400 of some token for a "loan" of $100. How is this efficient?

Today the securities are on paper and not linked to each other.

if just making them on-chain improves the provability that an asset is not getting leverage multiple time in an ecosystem

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#344

Earlier quoted context omitted.

It doesn't do anything useful so the 10x really is meaningless if it was ever claimed by anyone in the first place. For example you need to have locked $400 of some token for a "loan" of $100. How is this efficient?

Today the securities are on paper and not linked to each other. if just making them on-chain improves the provability that an asset is not getting leverage multiple time in an ecosystem

You can trade Bitcoin on an exchange that never handles Bitcoin. Synthetic securities can always be constructed regardless of how the original securities are represented. In this sense blockchain isn't much better than og paper shares
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