There is big money coming into crypto because it is rebuilding the financial system with software protocols, assembled into building blocks, and each block is tokenized like a stock. It’s like being able to invest in TCP at the dawn of the internet. You can say this is a bad idea, illegal, and so on, but fundamentally this is what’s happening and the reason why VCs are investing.
The surest way to get rich in the world without using a gun or getting into a position of political power and stealing, is to create something people want to use voluntarily.
If I create a new widget and convince 10 million people to give me $10, I have $100 million of revenue. Let’s say my expenses are in total 75%. I’ve now made $25 million. This is certainly a princely sum of money, but I made 10 million people’s lives better! Or else they wouldn’t have voluntarily given me money.
Certain people would say, “You have $25 million when 99% of so little! This is unfair! You should give (some large percentage) of it back to society for the politicians to decide how to disperse.
And this is where I fundamentally disagree. The person who convinces enough people to give them that much money is rare. They have a unique ability to spot market needs, assemble people to work cooperatively, and work towards a goal of delivering widgets that meet the desires of society. I want to let them keep as much of their money as possible because they are highly likely to reinvest it properly, vs. the politicians which have a 99% chance of failure / theft.
