>I’m actually buying units of the protocol. I’m buying scarce blockchain tokens and creating a portfolio of those tokens. I’m basically buying ownership in all of these new 2.0 peer-to-peer protocols.
Is this any different from buying actual bitcoins, ether, litecoins etc?
No, but the VC world has been ill equipped to attempt to profit in this sure to profit way in the blockchain space.
A lot of capital backed projects in the blockchain space were attempting to "responsibly not buy the speculative asset because we don't want to lose money irresponsibly", and they all lost money irresponsibly because they couldn't find a way to make any money
There are ways to improve the blockchain space, with capital, and it so far requires getting capital into the tokens itself.
There really is no rebuttal to the clever savant that makes this observation whether you are at a VC fundraising event, an Amway meeting, or talking to Charles Ponzi himself
Is this any different from buying actual bitcoins, ether, litecoins etc?