I agree 100%. The VC is certainly an area of vulnerability, not only from their direct take over but also the control governments can exert upon them.
We do know there are some projects arising without VC involvement. At the same time, VC are not open source, why would they it kills their ROI potential. How rapidly do these spread?
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really this nothing more that what we have seen from big tech. the 3 Es.
embrace open source innovation.
extend the protocol through 3rd party tools.
extinguish the open parts in favor of a closed system.
consume all value.
repeat.
That is true. It is something that did for decades.
We need to ensure we keep those open parts open.
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