Oddbean new post about | logout
 If you are putting out media releases claiming to have deployed capital into the Bitcoin ecosystem but then refuse to be transparent about where those investments have landed then at best you look like a fucking moron and at worst....well...

I think Cory should operate under a principle of good faith. If you want to claim to be a key investor in the industry then show it. Otherwise if you need commercial in confidence then stop putting out media releases inviting obvious questions. 
 Odell is calling out Swan based on… what evidence, exactly?  He doesn’t even hint at some smoking gun other than “feels.”
Cory’s response is appropriate.  I suspect there will be a strategic release of information when the time is right, as determined by Swan leadership. 

I’m not an investor in Swan or Ten31, but if I was invested in the latter, I’d be a bit concerned that Odell is spending some of his reputation by trying to take Cory down a peg. Hell, I’m concerned about it simply as a longtime Odell fan. 
 No one is trying to "take down" anyone. If you are in the business of putting out press releases claiming x capital deployed into projects then it's only natural that the market will seek to verify that.

I would understand if 50% of that capital couldn't be disclosed due to founders yet to come to market and therefor commercial in confidence is critical.

But 100% of 2023 investments have no known publicly announced associations? 

Anyway let's hope Swan have some nice public announcements to come to improve transparency.

For the record I like Swan and the people there and I also have a lot of respect for Odell.