Are you basing this opinion on actual conversations with such investors?
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Replying to @DavidJN79
yes. very actively and extensively. I am also myself one of those very people.
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Replying to @MustStopMurad @DavidJN79
Bad examples. They might care about self-sovereign financial instruments like lending/borrowing or digital collectibles. We have various algos and observable evidence that social networks increase in value the more they are used. Why would this be any dif?
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Replying to @panekkkk @DavidJN79
Nah these billionaires only care about fixed-supply / uncensorability / privacy, if anything. They don't care about your digital cats or your other goofy stuff. Moneys != a social network websites
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Replying to @MustStopMurad @DavidJN79
Citation needed. It’s not about digital cats it’s about the increased usage and moneyness that such use cases bring. BTC will need intense proselytizing to achieve the same level of belief as simple usage brings. Not impossible but significantly harder.
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Replying to @panekkkk @MustStopMurad
What panek wrote; most of my peers in family office land who’ve been investing in traditional early stage direct venture diligence LTV, retention, churn and other network kpi’s regularly; its part of their rigor. Milestones on user/network growth, CAC, etc all required
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Evaluating potential money systems is not the same as evaluating a SaaS startup.
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I agree to an extent with that; I’m just relaying the typical rigor done on traditional Saas based start up direct investments being made - again teams are going to use what they have at their disposal in phase 1 of deal evaluations for the next few quarters.
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They'll FOMO into crypto during the next mega-bubble, once their more progressive counterparts invest. Don't worry.
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As I’ve stated it’ll play out that family offices will allocate to GP’s first for the next 5 yrs; then those who don’t become the equivalent of Sequoia in crypto will get squeezed out bc FO’s will start hiring internal people doing directs in the space; that’s how this plays out
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Yeah. I'd rather just hire talented internal people straight away.
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