Oddbean new post about | logout
 To a VC, it is virtually impossible to beat Bitcoin's natural RoI. The only option is to go crazy or fail.  
 Classic Bitcoin derangement syndrome  
 Nah, it’s not that. They can (or used to) make their own weather and have short-term liquidity. 

They peddle BS on retail and use the proceeds from dumping on them to stack sats. They don’t talk about the last part for obvious  reasons. 
 Short time to*