Question: What are the biggest differences between crypto-native investors (first/primary capital came from crypto) and other types of tech investors (even those now in crypto)? Is this a false dichotomy? Writing about it this week and interesting in other
takes.
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Replying to @nlw
Crypto-native investors were much more willing to accept poorly structured ICOs: non-staged, no founder lockup, no clear reason for token price to correspond to usage. They suffer from Bitcoin Bias: analyzing new tokens incorrectly by over-generalizing BTC's properties.
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Replying to @patrissimo @nlw
If you got rich from BTC or ETH, you have a gut instinct that token use drives token price. But for non-SoV, the velocity problem breaks that. Crypto-rich are more willing to trust they will somehow profit from network adoption.
9:10 AM - 17 Jul 2018
from Los Altos, CA
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