Nick Tomaino, founder of 1Confirmation, wrote on the X platform that Silicon Valley VCs have been trying to take control of the entire crypto industry, and to some extent it has worked, but most VCs lose out between 2021 and 2023 because they put a lot of money into zero-sum game-style projects that attract the attention of retail investors, but are not good for the world. Today, Silicon Valley VCs are exhausted, and this is from the fact that they are overflowing...