2min chapter

Galaxy Brains cover image

Bitcoin Miami w/ Drew Armstrong (Cathedra) and Thomas Pacchia (Pubkey)

Galaxy Brains

CHAPTER

The Perverse Incentives of Cryptocurrency

For most of human history it's been about accumulating capital at much lower uh you know growth rates yeah well and you could borrow from a bank instead of raising growth equity capital or whatever i agree. The lower industry vc landscape has just also led to some like perverse incentives where it's like growth at all cost 100 this effectively happened to block fire right? So if that's your strategy all power to you but know that you are actively trading it that way so buy some bitcoin then you're curved of vc if you want to if you want ityou know i'm short bitcoin in that spot yes  it's totally fine you want to do crypto vc knows that the that is struct

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