Share to Twitter Share to Linkedin Alex Konanykhin is a brave soul. He started a cryptocurrency project at the start of a war in Ukraine, decades-high inflation in the U.S. and Europe, Fed monetary tightening, and the potential for food shortages driving up commodity prices. He seems to have anticipated the meltdown of the traditional coins as his February 23 press release touts Unicoin as the “solution to the high volatility of cryptocoins.” His idea stems from a notion popularized by Warren Buffet, a famous Bitcoin BTC bear, who said that cryptocurrency has no value because it isn’t backed by anything. Cryptocurrencies are not backed by the good faith and credit of a nation, let alone the start-up founders or their venture capitalist investors. It isn’t backed by hard assets either. It’s not like Dogecoin DOGE is backed by Shiba Inu SHIB dog breeders or anything – less dogs, higher Doge. It’s literally a joke coin worth tens of billions … [Read more...] about Brave Souls: ‘Unicorn’ Crypto Project Ties Value To Equity In Emerging Growth Companies