Solana Billionaire VC's Are Laughing At You

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In this video, I discuss a clip of Chamath and David Sacks joking about their Solana positions, and how they plan to dump it on retail investors.

The world of cryptocurrency VC's (venture capitalists) is a dirty place, and stands in stark contrast to the nobility of Satoshi Nakamoto.

Satoshi never dumped his bags on anyone, and even purposefully throttled back his early Bitcoin mining in order to give other miners a chance.

Warren Buffett's advice is still the best:

“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.”

Not investment advice! Consult a financial advisor.

Chamath dumps SPCE:
https://www.cnbc.com/2021/03/05/chamath-palihapitiya-sells-virgin-galactic-spce-stake.html

Solana:
https://solana.com/

Solana fund-raising:
https://www.crunchbase.com/organization/solana-io/investor_financials

Solana tokens had a huge allocation to VC's and insiders:
https://pbs.twimg.com/media/FDTHFpTWQAUcoLx?format=jpg&name=large

Solana billionaires laughing at you:
https://twitter.com/GooseOfCrypto/status/1456002541808807938

Vitalik sold 25% of his coins:
https://www.reddit.com/r/ethereum/comments/4g7l7m/ethereum_developer_vitalik_buterin_sold_25_of_his/

Satoshi's holdings:
https://decrypt.co/34810/how-many-bitcoin-does-its-inventor-satoshi-nakamoto-still-own

Satoshi may have mined fewer coins that he could have:
https://decrypt.co/33763/satoshi-purposely-mined-less-bitcoin-than-possible-research

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#Solana
#Chamath
#Bitcoin

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