1/ Centralized finance offers the illusion of trust—i.e., JPMC’s balance sheet—but your money isn’t really yours. The bank decides when, where, and if you can send it.
Another story of financial censorship this time @JPMorgan: 🧵 2/ An LP in our fund, a @jpmorgan customer, tried wiring money for a capital call—blocked for ‘fraud concerns,’ forced to call in, escalated twice, waited a week, argued with a manager—only to be denied again with no path forward.

1/ I’m thrilled to officially announce the launch of @BainCapCrypto and our first $560M venture fund. We are a dedicated team of investors, hackers, and researchers focused exclusively on supporting crypto founders and builders from seed through growth. baincapitalcrypto.com 2/ We believe that protocol founders and communities require a new type of investment firm, one that can support them with key economic and technical decisions, participate in on-chain governance, provide liquidity where appropriate - and do this across capital stages