Investing in early startups is people & idea driven. Investing in early crypto is engineering & code driven. People good at the former, usually not good at the latter.
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People have been doing what is now known as cryptoeconomics for a long time with digital goods, points, streaks, etc. The execution and code is the true innovation, not the idea IMO
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It also tests our ideas about the “intrinsic” value of currencies.
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And in a way, what is known as “Mimetic contagion”
End of conversation
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