A16Z Is the “Worst and Largest” Scammer of All, Says CEO of Swan Bitcoin

Re:A16Z Is the “Worst and Largest” Scammer of All, Says CEO ... by unboxingelf on Tuesday January 03, 2023 @05:11PM (#34238847)

Strongly disagree.

Anybody in any crypto token other than Bitcoin at this point has low credibility. Every other chain and project is sacrificing decentralization for short term gain. They’re at best naive and at worst scammers.

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Re:A16Z Is the “Worst and Largest” Scammer of All, Says CEO ... by JumpCrisscross on Tuesday January 03, 2023 @05:14PM (#34238889)

Bitcoin is dumb, but it’s honest about its dumbness. The dumb bits are largely forward looking. Web3 is dumb but also fraudulent, because it lies about what it is.

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Re:A16Z Is the “Worst and Largest” Scammer of All, Says CEO ... by unboxingelf on Tuesday January 03, 2023 @05:16PM (#34238915)

Bitcoin is boring. It’s a decentralized ledger. It’s effectively the missing protocol for money on IP.

Everything else is a security, by definition.

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Re:A16Z Is the “Worst and Largest” Scammer of All, Says CEO ... by tromp on Wednesday January 04, 2023 @06:10AM (#34244276)

Everything else is an altcoin, by definition.

Some of which distribute their coins more fairly than bitcoin, and are thus definitely not securities.

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Re:A16Z Is the “Worst and Largest” Scammer of All, Says CEO ... by baby on Wednesday January 04, 2023 @11:31AM (#34247660)

You should check Mina

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Re:A16Z Is the “Worst and Largest” Scammer of All, Says CEO ... by unboxingelf on Wednesday January 04, 2023 @10:55PM (#34255739)

Do you have a tldr? I see its stated technical goal of maintaining a small blockchain, but what’s it for? It has a token so is it meant to be money? Is it a web3 app chain?

The fact that there was an initial presale makes it sound like a private company. Which is a lot different than Bitcoin so I’m not sure the comparison.

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