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The Problems With Crypto VC - Corey Clifston
There's never been a better industry vertical for the venture capital business model than crypto, meaning non Bitcoin, altcoin scamming. Why? Because they can benefit from information arbitrage and regulatory arbitrage at the same time. So we have these leaking of misallocation. The only way to get Bitcoin is from creating actual value that someone is willing to do away with their Bitcoin for that value.