That's really hard to see right now, but I think this is right on. VCs threw themselves onto blockchain companies in the traditional way, the only way they know how. I think what will occur shortly is that they will realize the traditional model doesn't apply or at least is not effective at giving them returns. The natural next step is cryptoasset investments. Then, and if something like SteemIt proves "self-bootstrapping" works, then this will be an uh oh to VCs everywhere.
RE: Blockchain investments and the new problem asset for conventional VCs