Why The World's Largest Blockchain VCs Keep Investing in Frauds, Ponzis, and Useless Technology

Why The World's Largest Blockchain VCs Keep Investing in Frauds, Ponzis, and Useless Technology

As the crypto bubble continues to collapse, investors are naturally wondering where value will come from in the next phase of blockchain. Some will argue that this market collapse is just a bump in the road, and that the same playbook will still work in the long run. Others will say that blockchain has no value at all and that there won’t be another blockchain epoch.

Unlimited Liability, but this time ‘Decentralized’

Unlimited Liability, but this time ‘Decentralized’

Last week the Commodity Futures Trading Commision (CFTC) filed a complaint against Ooki DAO a so called “decentralized autonomous organization” for unlawfully engaging in activities without proper registration and violating know-your-customer (KYC) diligence on customers. The defendant in action is listed as “Ooki DAO (formerly d/b/a bZx DAO), an unincorporated association” which is described as a class comprised of the DAO’s token holders who voted with their tokens to govern the protocol.