Predictive markets have been a crypto use case for like ever yeah one of the first ethereum i see as was auger. I think you need to tip your cap to shane and polymarket because they've kind of grinded through dealt with some challenges in terms of regulatory but have figured out a way to offer a product outside the u.s. It could be a new business model for creators so i think soon we're going to see create your own market type products that allow like any influencer to basically create their own market and then make fees off that.
Today on the Pod, we're discussing Why VCs Suck. And who better to answer that question than VCs themselves?
We're joined by Nick Tomaino and Richard Chen of 1Confirmation to discuss the role of VCs in crypto, the outlook on the markets, and how retail should prepare for the next cycle.
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👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku ----- Timestamps
0:00 Intro 6:00 Nick and Richard from 1Conf 7:20 The Price Cycle 11:50 The Signal Cycle 15:55 Tourist vs Purist 20:00 Why Do VCs Suck? 28:15 Raising vs Returning 32:40 How Transparency Shapes Crypto 38:30 VC Report Card 43:45 Holding Retail Accountable 48:30 Advice for Retail 51:15 How to Not Be Exit Liquidity 59:00 Should We End VCs? 1:03:10 How 1Conf Works 1:07:40 Crypto Native VCs 1:12:30 Looking to the Next Cycle 1:17:08 Prediction Markets 1:20:00 Crypto is Ready 1:24:00 Actually Using Crypto 1:28:20 L2s vs Alt L1s
----- Resources
Nick Tomaino https://twitter.com/NTmoney?s=20
Richard Chen https://twitter.com/richardchen39?s=20
1confirmation https://www.1confirmation.com/
Richard's Article https://showerthoughts.substack.com/p/thoughts-on-the-current-crypto-vc
----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures