#RWA热潮 $PYR $FLUX $0G

Nick Tomaino, the founder of 1confirmation, recently tweeted something quite heart-wrenching, saying that the venture capitalists in Silicon Valley wanting to control cryptocurrency is basically dead.

His point of view is very straightforward. From 2021 to 2023, Silicon Valley VCs were wildly pouring money into various projects. It looked lively, but in reality, most of it was a zero-sum game — retail investors came in to take over, which didn’t really help the industry’s development. Now these institutions are exhausted, either desperately doing marketing and creating hype or rushing to deliver unfinished products, anyway, it's quite a mess.

Interestingly, neither Bitcoin nor Ethereum has ever taken funding from Silicon Valley venture capital. What’s the result? Together, they have a market capitalization of over $2.5 trillion and remain the dominant forces in the entire cryptocurrency market. What does this indicate? Truly valuable things rely on community consensus, not capital-driven momentum.

The answer to this "capital versus community" battle is actually quite clear. The true vitality of cryptocurrency lies not in those PPTs in conference rooms, but in every running node, every line of open-source code, and every person who believes in this system. Venture capital can create hype, but it cannot create faith.

The above is from open discussions and is for reference only.