maxi, but dont get the point.. ALPH is fine project, has Bitmain, probably VCs, but there are still a fine POW chain, working to build defi and do good things. its a chain that even Kushti said was good for some time.. VC isnt always bad.. its the partenrship you create that can be bad. These mentalities need to change up.. EF is basically the VC of Ergo, it funds grants and development, then also sells ERG to pay its members.
i think some irony here is many people here would be VC if they had the capital
What does it mean probably? Cetacean Capital and others are there since before the launch. Also do not get the part about hate. And EF is not VC.
by "hate on" i mean throw shade at.. and people often associate VC with Dumping on community after Infusing Funding, thats why they are bad. My point was, EF funds things, and Also Dumps ERG.. Parallels are there so its a bit hypocritical at times. thats all.
They are not hypocritical I suppose, as VCs are dumping on community not to develop anything LOL. They are dumping to fill their pockets ONLY.
(And to repay to upstream investors)
A VC would typically be Buying OTC from Core TEam, the Core team is going to USE that upfront Lumpo sum on Developing the business and reaching there Goals.. In turn the VC will sell back the OTC coins to get a return on there investment they made into the project.. SO YES, they are funding development.
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