Silicon Valley venture capitalists are wary of the crypto-currency revolution and believe that it’s a bubble because:
- the fundamentals don’t add up;
- peer to peer, if good enough, will soon become B2C;
- security is questionable and many have lost everything; and
- if you buy a token it does not come with any voting rights.
Crypto entrepreneurs like it because they don’t have to deal with the “smart money;” and most crypto-companies don’t have a proven product from which the buyers will see real sustainable gains.