While Nic articulates some valid points, his argument is solely driven by his perverse incentives. He found out that he could gain much more fiat riches by being a crypto VC and supporting "innovation" versus being a bitcoin maxi and moral human.

So while I am happy to read his incessant ramblings about maxis and maxi culture and how big of hypocrites we are that we don't support the "crypto" people that have been trying to suppress and undermine bitcoin for years, it is all a bunch of hogwash and looking for someone to blame for "crypto" putting itself in this position. It's akin to blaming the mfer who refused to get in the car with the drunk driver for the inevitable crash.