Re:$1.8B for Crypto at Lightspeed: Firms Raising Large Funds...
by thisisit on Thursday July 12, 2018 @11:36AM
(#17515627)
Was this written by a bot or something? Because this is simply a mix of multiple articles instead of sticking to Lightspeed's investment. The quoted a16zcrypto.com is not even real.
And it's even more baffling - How did this even get promoted to 15 votes?
For people who want to read about this investment, here's the original article:
Re:$1.8B for Crypto at Lightspeed: Firms Raising Large Funds...
by sbinthree on Thursday July 12, 2018 @10:33AM
(#17514987)
The difference between crypto and AI seem significant to me. In crypto's case, the investor is the user, it seems very recruitment driven. Reduce the friction to engaging with the market, increase the pool, the market cap goes up by default. That is kind of a weird thing to invest in but I digress.
AI on the other hand seems far more accreditive. Better AI makes certain things way better permanently (going from not knowing to knowing is a big step). So I could see how dumping money into it despite risking failure could still raise the boat of humanity, and represent accreditive gains for the investor. Crypto is almost the opposite of that.
One of these things is not like the other
And it's even more baffling - How did this even get promoted to 15 votes?
For people who want to read about this investment, here's the original article:
https://www.recode.net/2018/5/17/17359394/lightspeed-cryptoc...
What a poorly written article.
AI on the other hand seems far more accreditive. Better AI makes certain things way better permanently (going from not knowing to knowing is a big step). So I could see how dumping money into it despite risking failure could still raise the boat of humanity, and represent accreditive gains for the investor. Crypto is almost the opposite of that.