A great thought process.
Decentralization is a process. We are in transition. The benefit to centralization is control and speed. It simply is a lot faster. There are also a lot more resources on that end of things.
So it is no surprise that VC are funding the top projects. It is simply a sign the transition has not taken place.
There are also few options for non-VC funding. How many DAOs like the DHF exist? We are funding SpkNetwork so that is a bonus. But not much more is taking place across the industry.
It will come in time but for now, to start a different way, decentralization when it comes to this aspect is on the back burner.
Posted Using LeoFinance Beta
Every project is highly dependent on liquidity provided by the VCs and HFs. That's a huge problem because if the team and financiers disagree on what's the next step, the project might get drained in a matter of days. It wouldn't be the first time.
Liquidity is a huge problem for new projects.
We've been brainstorming on building a project on Hive, but it seems without liquidity our effort would turn worthless.
Seeing how it played out with pegaxy and similar projects the concerns only grow bigger.
Posted Using LeoFinance Beta
The other problem with VC money is that, at some point, they want to get paid. Here is where the users and VCs end up at odds.
And we all know how that ends.
Yes liquidity is vital and having the proper resources to start any project is vital.
Posted Using LeoFinance Beta