I have been meaning to write this for quite some time now and hopefully it will mark a generational DeFi bottom
But in last few months I became quite disillusioned by the state of DeFi, not in a sense bearish on tokens, but in a sense that it destroys more value than creates:
deleted top tweet & fixing typo:
this was at a DC DeFi demo event for lawmakers and policy wonks put on by Paradigm
it's not just SBF--VCs are begging for D.C. to regulate websites
it would create new biz models for them while killing competition
pulling up the ladder
Sneak peek of a DocuSign of a VC:
- "we're still writing checks", "we're still investing!"
- "good pitch bro, lmk you once you have a lead"
- "Sorry, was swamped. Heard that you lead! Chat soon?"
- "Thread on why X is going to be huge!"
- over-invested in a bull market