Per Wikipedia, a Ponzi scheme …. is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors This is how the U.S. government now operates. It loses massive amounts of money every year (i.e. runs at a deficit) and finances it with new debt. When […]
Finance
The Two Reasons Why The Forecasts For Bitcoin YE 2018 Were So Horribly Wrong
As the chart above shows, the biggest names in crypto all got 2018 horribly wrong. Why were they so wrong? I think they’re all smart guys and I applaud their work and the important contribution they’re making to the ecosystem. I think there are two main reasons why they’re so bad. 1. Accurately Predicting The […]
This is Why Investing in Art is Providing Unparalleled Returns
If you’re thinking about investing in non-traditional asset classes, fine art should be high on your list of options to explore. Over a span of several decades, fine art’s favorable investment characteristics, such as its ability to act as a store of wealth to hedge against inflation and currency devaluation, have made it an increasingly […]
The 10 Stupidest Things Nouriel Roubini Said In His Testimony To The US Senate Committee on Banking
I assume Nouriel Roubini is a smart guy. So is Warren Buffet. It doesn’t mean I’d want them to do heart surgery on me, because it’s not their thing. My guess is, they’d have no interest in performing heart surgery because they know it’s not their thing. So, just because someone’s smart, doesn’t mean they understand crypto. […]
The Coming Epic Battle Between Crypto & FAMGA (aka Facebook, Apple, Microsoft, Google, & Amazon)
Crypto is a new computing paradigm, poised to create more disruption and wealth creation in the next 20 years, than the internet has in the last 20. The question I face as a VC is who is going to capture that massive wealth creation? The wealth creation can either go largely to the five incumbents […]
If You Like Decentralization, You Should Love Hard Forks
If decentralization is to realize it’s potential, various problems need to be addressed. Scalability issues get the most attention and have the most people working to solve it. So my assumption is that scalability is getting solved. The bigger issues with decentralization are Token Economics and Governance & Consensus. While people are working on those problems, it’s […]
The Crypto Bloodbath isn’t a Bloodbath, it’s a …….
This is the 60th crypto related post I’ve written since I saw the crypto light on June 29th, 2017. My most read piece remains “7 Thoughts On Blockchain, Cryptocurrency & Decentralization After Three Months Down The Rabbit Hole”.The 5th thought in the piece, which tried to give context to the remarkable run-up in crypto prices […]
Blockchain without the BS
We at Social Starts and Joyance Partners see distributed trust networks (aka blockchain) as one of the most powerful technological ideas in decades. It’s an idea on a par with TCP/IP, the backbone of today’s internet, in the long-term impact it can have. Tech innovation from innumerable directions points toward blockchain-like requirements as an essential. […]
This LA Startup Raised $1.3M to Build a Digital Platform To Redefine Recruitment
Blockchain is a groundbreaking technology and has multiple use cases. It allows for complete user transparency, which is crucial when companies are hiring and sorting through candidate applications. Well, a blockchain-powered professional protocol platform would save companies a ton of time and aggravation, and that is exactly what SpringRole is doing. This platform creates an […]
The Top 10 Reasons People Can’t See The Crypto Light
On June 29th, 2017, I saw the Crypto light. It was a religious experience. It felt like I could see the future, a future in which Crypto was the biggest thing to happen in the history of humanity. I had the luxury of stopping everything else I was doing, and focusing 100% of my time […]
Why Crypto’s A Growing Threat To FAMGA (a.k.a. Facebook, Apple, Microsoft, Google and Amazon)
The largest U.S. companies by market cap are all tech. That wasn’t always the case: In April last year, I published “The Profound Implications of Five Increasingly Dominant Tech Companies”, which outlined the increasing share of market cap that FAMGA was accounting for of the 100 largest NASDAQ companies by market cap. That trend not […]