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Conversation

GM There are good VCs too Main problem is the incentive structure caused by fiat, it creates parasitic relationships and low time preference problems Under hard money, VC and any kind of investor or lender has a much higher opportunity cost and risk for that capital at work

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In layman’s terms, you don’t invest on crap to flip or land to degen, because losing the capital is much costlier.

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2:20 PM · Dec 23, 2021

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I have seen this change personally. I think most people who don’t support Bitcoin don’t understand the problem. I hope that’s the case anyway though I know there are malevolent exceptions. I believe it was Soros who said “If not me than someone else, so why not me.”

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💯