In the absence of state/crony capitalism, I think far more markets tend toward fragmentation rather than consolidation
The search for dominant platforms or paradigms is intrinsically predicated on a web2 mentality where capital consolidates power and regulation in its own favor
If you believe in hyperbitcoinisation, there is no need to go all in; one Bitcoin would be enough.
Better keep keep a reserve to support Bitcoin in bear markets.
@mgnr_io That’s not what VCs are for. They are not your engineers or your bd team. They are there to make big conviction bets on the vision and get you through the winter, when shit hits the fan and your runway runs out, all the way to the end to see the vision fulfilled.
The real game is gambling. And it was all along.
When you see assets turn over their entire market caps in volume in 24 hours, the top follows shortly after.
People vastly underestimate the flows/liquidity some of these coins siphon away from the rest of the market when they get going.
Some can even induce a broader market paralysis until it's time for the stream to flow the other way.