2026-01-15 21:36:28

This is the true significance of ICM (Internet Capital Market) in the cryptocurrency field.

The old tricks of traditional financing? They should have been changed long ago. All the cumbersome Pitch Decks and exquisite business plans have become barriers. Not to mention the need to rely on connections and queue up, waiting for an investor to grant a license to enter the capital market.

Crypto financing breaks this monopoly. Entrepreneurs are no longer stuck in dead ends of the financing process but have direct access to capital. This transparency and accessibility are reshaping the financing ecosystem.

Steve Yegge, a senior engineer from Silicon Valley who has worked at Amazon and Google, also offers insights worth noting. In the crypto space, such voices are increasing—traditional financial barriers are being broken down.

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zkProofGremlin

· 2h ago

Honestly, the traditional financing model is indeed outdated, but things in the crypto space aren't as ideal as you might think. Can it truly break the monopoly? It feels more like just a different form of cutting the leeks. Having influential figures like Steve Yegge speak out is indeed convincing, but it depends on how it is implemented later. Decentralizing financing sounds good, but I'm worried it will just become a new circle game. High transparency is a load of crap; on-chain data piles up mountain-high, and ordinary people still can't understand it. Breaking down walls is fine, as long as new walls aren't built in the end. This logic doesn't hold up well; decentralized financing might actually carry greater risks.

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TestnetFreeloader

· 2h ago

That's right, the traditional financing model is indeed dead. Newbie entrepreneurs don't stand a chance. Crypto financing has truly changed the game, but the barriers haven't disappeared; they've just shifted to a different place... Breaking monopolies is a good thing, but it feels like new monopolies are forming again? Big capital moves to a different scene to continue harvesting... Steve and those Silicon Valley bigwigs are only speaking out now; why didn't they do it earlier? Transparency is just hype; no one really knows what true transparency looks like. This cycle is coming again. Are you all ready to be harvested?

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MemeCoinSavant

· 2h ago

ngl the "transparency" angle here reads like copium... we've just swapped gatekeepers, not eliminated them. whale wallets and discord mods are the new VCs lmao

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GateUser-bd883c58

· 2h ago

Honestly, the traditional financing methods are really outdated, but don't get too full of yourself in crypto either. Wait, directly reaching capital? All I see are rug pulls and pump-and-dump schemes. High transparency? Then how come there are so many scams claiming to be ICM? But on the other hand, breaking monopolies is indeed interesting; it all depends on how you do it. What did Steve Yegge say? Is there a link?

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HalfBuddhaMoney

· 2h ago

That's right, these old tricks should be dead. But the projects that can truly survive still depend on technology and teams; relying solely on democratized financing won't save those IQ tax schemes. It feels like the threshold is lower now, but there are also more pitfalls. Breaking monopolies is one thing, but the key is not to turn it into another way of cutting leeks. This guy jumped out of Google to say this, and he's quite convincing. Really, the traditional VC approach does need to be challenged; let's see who adapts to the new rhythm first.

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