In today's Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also, Steve Patterson calls out Amaury Sechet over Chris Pacia's comment that miners don't vote. Lastly, imaginary_username contemplates on the different roles of miners and users in Bitcoin. 

Crypto Venture Capital Firms Renege on Term Sheets

Founder of Digital Currency Group Barry Silbert revealed on Twitter recently that Venture Capital firms that invest in cryptocurrency-related startups have been reneging on their signed term sheet deals.

Silbert later pointed out in the comments that most large deals were unaffected by this phenomenon. However, it's the smaller deals like the seed, series A and series B rounds that are being reneged.

Bad Call?

The decision of VC firms to pull out of their investment deals drew sharp criticism from the CEO of Shapeshift, Erik Voorhees. Voorhees was quick to point out that the VCs seemed to be the antithesis of "smart money".