Dana (we’re hiring!)
@DanaBuidl
Followers
5K
Following
147
Statuses
90
investing @YZiLabs @BinanceLabs, & being the change I want to see in the world | prev researcher @GoldmanSachs, @Stanford, @PKU1898. views my own, NFA NFA NFA
Joined October 2018
RT @0xsudogm: @0xPrismatic less than 1% unfort, extremely rare, but those are the ones to work with for years to come
0
1
0
@paigeinsf True yet with a small twist 1) if a business is cyclical, that isn’t fundamentally bad but does pose challenges on the ops & mgmt side of things, ie team expands in bull and then sizes down in bear etc. 2) founders need to be ruthlessly honest. don’t let the bull numbers fool you
1
0
1
@j0hnwang What is the systemic risk? Or did that person mean an industry-wide price correction?
1
0
0
Blaming users for speculation is like blaming them for wanting to make money—it’s illogical. Instead, build what can really address users’ non-speculative needs. Always love this YC slogan: make something people want.
those of u who followed me in defi summer 2020 might remember that i had an episode where i felt super uninspired by defi. i thought dexes were just shitcoin casinos, the 100x leveraged perps were cancerous, and the money legos were just ponzis. i seriously asked myself do i want to be in this industry? i think this was exactly how many ppl feel today towards “financial nihilism”. but later that year i said to myself r users wrong? well, no, users r never wrong. its a permissionless system after all, and no one forced users to do these things onchain. it also occurred to me that the shitcoin casino thing was not a new phenomenon. it was the case in 2017 with icos, and in 2011-13 with litecoin and beyond. so i slowly learned to be at peace with it, shut up, and mind my own business. and if possible, help create the world i want to see. for example, i funded a ton of stablecoin startups in developing that v few investors would touch (and they r doing well!) so, if there’s any personal lesson i could share that could be helpful for everyone in this space, “financial nihilism” has existed since the beginning of the industry, learn to be at peace with it, and instead of whining about it behind a screen, create the world u want to see.
3
0
11
Non-speculative tokens—VC coins, startup coins—need clearer guidelines to thrive. While speculative blockchain use reflects current demand, it's the non-speculative use cases that will take us from good to great.
4
1
15