99% of VC money is controlled by:

* non-technical people

* technical people that can't bother to do real due diligence

* technical people that are fine being scammers

The incentives of fiat money are horrendous.

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And the perverted incentives are why we’ve now got previously-Bitcoin companies like Ledn and Casa diving headlong into shitcoins 😔

You know, when it comes to tech - particularly software - the real good stuff comes from people building something they just want to use themselves and think other people do, too (often for money).

Scammers, idiots, and imposters don’t. Their base incentive is take your money for as little value as possible. Zero value is the norm, these days.

It can be hard to discern people’s true motives for building something, but this is one I often look for: they’d use it regardless if everyone else hated it.