Re:Why I have zero faith in crypto venture capitalists
by borrowcheckfml on Sunday June 13, 2021 @10:35AM
(#27492978)
But I am referring to investing into a DeFi project as a VC (= receiving tokens), not trading in Defi. Why is that not equivalent to investing in Robinhood as a startup?
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Re:Why I have zero faith in crypto venture capitalists
by throwaaskjdfh on Sunday June 13, 2021 @10:40AM
(#27493016)
With that clarification I agree that it would be a Ponzi scheme. If the project is mainly accepting money from new buyers and routing it to early participants who are selling, then it's a Ponzi.