1confirmation’s first ever investment was in a decentralized collateralized stablecoin project called MakerDAO in 2017. We bought MKR for $300/coin. We also invested in algorithmic stablecoin Basis that year, which failed soon after. It wasn’t until ~8 years later when Stripe acquired Bridge that we got our first big stablecoin win.

The timeline is now so reactionary and it appears harder than ever to take a long term view. We’re pulled to be too online and overly concerned with short-term perception. Taking a long term view on something more than money and sticking with it is truly the edge that can turn losers into winners.