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Which bad actors? One way MA manages at least some of them is by not investing in them, and instead investing in high quality teams. That’s a large part of the value-add of professional VCs, be it in blockchain/web3 or any other domain, that they have the expertise to discern legit teams from scam ones.

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I see it as more how do we allocate resources to better causes in society, something blockchain based ecosystems purported to solve, but have this far not, exactly because it is a social problem not a technology one.

Blockchain makes all of these things harder and more complex. I have yet to see something a blockchain can do that we could not with existing technology. The supposedly better incentive structures aren't and are rather the opposite from what I can tell.

> Which bad actors

actors on the blockchain

> That’s a large part of the value-add of professional VCs, be it in blockchain/web3 or any other domain, that they have the expertise to discern legit teams from scam ones.

That's a tiny part of it and as useful to society as hiring away nuclear physicists to work on ad prediction and tiktok recommendation algorithms.

Vetting early stage ventures is actually a large part of the VC job, not a tiny part. It's the entire reason for the accredited investor laws, to make it more difficult for scammers to scam the public.

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