Comment by throwaway0asd
2 years ago
Still nothing compared to the billions so many VCs have lost on crypto this year ignoring those far more obvious red flags. No matter how bad Elon damages Twitter at the very least its actually still generating revenue. I cannot tell what crypto generated.
Several hundred terawatt hours of electricity consumption.
VCs made plenty of money, they receive pre-mined amounts of whatever token they're investing in, and then dump it on retail once the coin lists on the exchanges.