brock on Nostr: Also, FTX was a psyop … there is no way Sequoia made an investment in FTX without ...
Also, FTX was a psyop … there is no way Sequoia made an investment in FTX without SERIOUS governance documents unless FTX was a psyop. Thats like VC 101 — full control of the founder and corporate operations. The powers that be … they had to break S2F … otherwise market emotions would already have us approaching $1M this cycle and the global bond market / dollar would already be in shambles.
quoting note1we5…mx9dThe power law was developed to counter the obvious and impactful implications of S2F … amazing how so many bitcoiners have anchored to the obviously bearish model.
Assumes basically no network effects of adoption. It is fucking stupid.