Andreessen Horowitz starts a $2.2B crypto fund for ‘all weather’ markets

nytimes.com

13 pointsdonohoe3 comments

Move the hands on the crypto doomsday clock a bit closer to midnight I suppose. As Douglas Adams wrote: "[to] revalue the leaf, we are about to embark on a massive defoliation campaign, and ...er, burn down all the forests." https://benoitessiambre.com/specter.html

This seems to be assuming that all tokens do not generate any income and serve no other purpose other than speculation. In the case of many Polkadot, that is not the case. The tokens are more analogous to a stock.

The whole "crypto is tulip mania" is getting pretty tired. It may be greatly overvalued, but it isn't useless, nor is it valueless.

Distributed trust is useful, especially when you can't trust the issuers of a currency / security. I trust crypto like BTC a lot more than I trust the Federal Reserve. Perhaps you disagree, but value is assigned by the users, not the non-users

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