Ask HN: Is David Sacks as AI Crypto Czar Bad for YC?

#1

Post by shaburn » Fri, Dec 06, 2024, 10:29 PM UTC

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Re: Ask HN: Is David Sacks as AI Crypto Czar Bad for YC?

#2

Post by talldayo » Fri, Dec 06, 2024, 10:31 PM UTC

The fact that a crypto czar exists at all is good news for grifters everywhere. High tide raises all ships - YC will benefit from this in the short term.

Re: Ask HN: Is David Sacks as AI Crypto Czar Bad for YC?

#3

Post by jprd » Fri, Dec 06, 2024, 10:33 PM UTC

talldayo wrote: post #2

The fact that a crypto czar exists at all is good news for grifters everywhere. High tide raises all ships - YC will benefit from this in the short term.

I can't comment better. Well said, and thank you for your discourse.

Re: Ask HN: Is David Sacks as AI Crypto Czar Bad for YC?

#4

Post by bediger4000 » Fri, Dec 06, 2024, 10:40 PM UTC

Probably not in the short term. Trump and his appointees seem to disfavor regulations. If Sacks follows in that line, we'll see more rug pulls, ponzi schemes and outright hacks. That will ultimately lead to very low faith in cryptocurrency in general.

Re: Ask HN: Is David Sacks as AI Crypto Czar Bad for YC?

#5

Post by [deleted] » Fri, Dec 06, 2024, 10:56 PM UTC

bediger4000 wrote: post #4

Probably not in the short term. Trump and his appointees seem to disfavor regulations. If Sacks follows in that line, we'll see more rug pulls, ponzi schemes and outright hacks. That will ultimately lead to very low faith in cryptocurrency in general.

[deleted]