160 sats \ 2 replies \ @k00b 9 Apr 2022 \ on: Watch out: Web3 VCs started pouring into bitcoin/lightning startups bitcoin
Only (1) seems like it might be related given that Taro is a protocol for adding other assets.
2 and 3 don’t seem related. Both those announcements are strictly good for Bitcoin. 4 is common in any market that’s beginning to emerge. 5 - exchanges are the most predictable way to make money in the space so I’m not sure there’s much relation.
I don’t think we can tell who is investing based on what the companies are doing because it’s so early. It would be better to look at raise announcements and actually see if the investors have misaligned incentives with Bitcoin and then maybe connect it with company direction.
tl;dr This is good for bitcoin.
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agree it is early...! it is like a ship changing direction.. very slow and you don't know until it happens.. That is why we need to watch out for and call out when it happens.
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