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Comment by ClumsyPilot | Hacker News Reader

"VC's wouldn't spend a single dollar on it, because you can't extract profit from something you don't own."

You can build business and infrastructure without VC involvement. Sometimes it will be healthier for it.

Telephone co-ops still exist, and have for a long time. They manage to stay small enough to never become tasty meals. Sea eagles fly right by. There are -many- kinds of co-ops.

[https://en.wikipedia.org/wiki/Utility_cooperative]

[https://en.wikipedia.org/wiki/List_of_utility_cooperatives]

[https://en.wikipedia.org/wiki/List_of_co-operative_federatio...]

I would appreciate a list of web3 projects that don’t have and explicitly don’t want to have any VC involvement (or big company involvement, as it would mean the same thing).

I am interested in learning what that liberty it might bring to those projects.

look at the activitypub ecosystem then, where no one needs permission to become a participant, and vc's refuse to even acknowledge its existence.

https://git.feneas.org/feneas/fediverse/-/wikis/watchlist-fo...

the fediverse is in no way related to this web3/blockchain bullshit. It's actually more related to the original idea of web 3.0 as semantic web due to the usage of similar protocols e.g. json-ld.

I'd be interested in that list as well. All of the major / currently most popular ones seem to be in bed with a16z: https://a16z.com/portfolio/#crypto

You'll find that VCs, the shortlist of usual suspects, have their hands in almost all web3 projects.

And even if they missed one, they'll get in later anyway by simply buying the token. Big capital always wins.

Yea, but has little to do with OP’s point, which was VC attention -> (requires, and therefore proves) centralized entities. The reverse isn’t true, and nobody claimed it to be.

We should just euthanize everyone and blow up the planet if the only worthwhile reason for doing anything is for VCs to extract profit from it. People who think accumulating more wealth than they need at the expense of people who are starving is ok should be thrown into a volcano.

"Please don't fulminate." It's tedious and repetitive.

https://news.ycombinator.com/newsguidelines.html

p.s. No, I'm not trying to defend profit-extracting VCs or whatever; just trying to defend this place from burning itself to a crisp. Comments like this one and https://news.ycombinator.com/item?id=29588384 are just what we don't need in that regard.

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