I don’t think I’m missing the points, I just don’t believe they are of best form.
Maybe a specific thread was not created to discuss issues in NCF, but the issues have been discussed in various places and times.
NCF is always on lookout for community members who put for effort and may have interest in NCF activities. Almost always, when people are identified, and asked, they don’t want to volunteer or dedicate any time to it.
Do you also oppose self nomination of other NCF proposals? By the same logic, it would be a conflict of interest to propose CarbonClick while being a beneficiary of it, right?
A key problem with NCF in current form is the reliance on a disengaged community. There is simply too much work involved for majority of community to take interest. And with 30+ proposals in queue, this issue is exacerbated.
I’ve seen a few people throwing around this “VC Experience” argument. While the goldman guys, Buffet, Schiff, etc etc Top VC guys are making 30% to 40% in a bull stock market, the savvy crypto gurus are making 1000x that in a very bear market. - And it’s clearly not by hodling top coins. But rather by identifying and investing in start ups. Most people with VC experience have little to no crypto experience. This is a new technology they are not prepared for.
Do you know any experienced VC that could state the top 5 DLT SCM systems? Do you know any that understand the variety of consensus mechanisms?
I doubt Henry had many horse and buggy consultants in Ford Motor Co.
Regardless, NEM Ventures does and will have legal counsel to make sure it’s set up right. And the Dave’s do have VC experience. And this investment and business experience is valuable and necessary. However, it should be met with equal experience in this new space of DLT. Investments are not being made into traditional companies, but into ones that are pioneering new technologies.
NEM Ventures team needs to understand traditional businesses, how DLT can and will affect them, and have an array of experience to help best determine how a proposed DLT business will not only compete with existing businesses of it’s nature, but also other emerging DLT technologies.
Crypto is a fast paced developing technology. Even if you spend 24/7 reading about it, you cannot keep up with the developments. People who are already busy with established investment types are at a great disadvantage.