The free spirit, let’s make the world ideal side of me wants to be long Ethereum but the capitalistic VC backed side of me wants to be long Solana. Help
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Sidni Standard's avatar
I'm curious why the "let's make the ideal world" = Eth & "capitalistic VC-backed" = Sol?
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Kyle Rose's avatar
@anonroseNovember 5
Author
@sidnistandard it’s more about the incentives of the people involved. There’s a board of directors and employees involved with an open source project which in itself is strange. The investors expect a return on their capital at some point. Maybe they expect that through the coin maybe from the company. I’m not saying it’s a bad thing right now but who knows maybe the best ideas don’t make it to the top at one point because as a company they’ll need to make money. It just feels odd I guess and against the “spirit” of the smart contract based chains.
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Kyle Rose's avatar
@anonroseNovember 5
Author
@anonrose but please I’m open to education. I’m only just starting to learn about solana as a project so I may be missing something.
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Sidni Standard's avatar
I deff agree with you there... smart contracts are supposed to rid us all of the top-down approach to investing. Personally, I think that both are going to coexist until people become enlightened (so-to-speak) to how the bottom-up approach is better when it comes to innovation
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Kyle Rose's avatar
@anonroseNovember 5
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@sidnistandard Yeah, my investment in sol was purely a +1 after i saw a16z participate lol. Not much due diligence there.. I'd love to learn more about the management and decision making structure. I mean there are google ads for the thing haha
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Sidni Standard's avatar
@anonrose hahah well when a major player like a16z participates… I’d say that’s a bullish indicator. I’m gonna do a deep dive into $SOL.X in the next few days 👀
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Kyle Rose's avatar
@anonroseNovember 5
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I maintain positions in both in private wallets FWIW.
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