Listened to the Marc Andreesen Rogan podcast. A few things that stood out to me as a Bitconer:
* Andreesen using the debanking as an excuse for the NFT and DeFi crash was serious cope.
* He claims that you need a blockchain for signatures to prove a public persona wrote something official<facepalm>. Dude, just use Nostr, no blockchain necessary!
* He doesn't like saying Bitcoin, but he kept bringing up crypto to try to pump his bags, associating it with the Trump win.
Anyway, he's clearly smart, but is still a "crypto" VC.
All good points.
More rebuttals please.
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.
he has some weird quirks. Everytime he said something he thought was revolutionary, he would sniff loudly and raise his nose a bit. Honestly couldnt focus on what he was saying because of it 🤣
it's like he impresses himself with how smart he sounds
I think he was doing all of that on purpose. Just spinning it to his own benefit.
cryptographic signing is definitely where we’re headed
Talk about his meeting with Biden officials.
Exactly
Conflating straight up scamming people with fighting the good fight against debanking is twisted
He’s a hype VC. That’s why he’s all in on AI too.
The ‘Bitconer’ mis-spelling is quite serendipitous, as a cone is a wide circle, reduced down to a single point, which is what this note is.
VC's 1st rule is,
Always shill the thing that makes you money 💰
People often see blockchain and cryptography as inherently connected and useful for a wide range of applications. However, while cryptography has countless valuable uses, blockchain, outside of Bitcoin, is largely useless.
Simple.
I clipped that second point:
note1htkszttzavatrgwq5j7y6f2ge2gx6fmv3vzx0xxf52z8vl5wlx9q4gr63n
Accurate.
That’s said, I think that people tend to go over the top in their criticisms of A16Z.
Their thesis is that tech makes the world better and that they can participate in the mission of making the world better by capitalizing new tech, and make money in the process.
Despite being an amazing investment, Bitcoin doesn’t fit obviously into that model, and that’s fine. I imagine that Marc would say that Bitcoin can take care of itself. Reality will bring them round eventually on the shitcoinery.
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