crypto banking needs its angellist moment everything existin | joel_john95 on Binance Square

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crypto banking needs its angellist momenteverything existing is a bunch of tapes tied around 
startups deserve better

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crypto angels got tired of waiting long for equity liquidity via secondaries/IPO listings - so they put money in SAFTs which don't release a token 3-5 year out and accrue value nowhere. reason why angel/pre-seed side of funding has dried, is bags from '21/22 that weigh heavy

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People use the term "real-world" in crypto as if we are in some imaginary land rest of the time. All of this is real world sir. The dog with the hat. The airdrop farming VC. The dubai taxi with crypto ads. The drone shows. No stimulation. Completely real.

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Crypto has a strange distortion field that associates wealth with craft, while the two are quite disconnected. Craft enables wealth. The existence of wealth, often does not imply craft. Very few individuals discern the two. Matters if you care of the art.

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Who are some folks building options products -- team working internally on a story around the evolution of options and impact of derivs market on token volatility Happy to chat . May be cooking something on the side too. Idk tho.

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There should be private equity for L2s. Buy bunch of supply - fire most of the people working there. Put proposals for mergers. Acquire apps. People don't talk of L2 capital efficiency because markets subsidised it historically. That era is now over

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