Molly White has posted an excellent take-down (with data!) of the new “please buy some crypto” report produced by the once-great Andreessen Horowitz:

If there is one thing that Andreessen Horowitz wants you to take away from their latest State of Crypto report, it’s that the crypto industry is still exciting and innovative even though prices have crashed. Their bags are so very heavy, and they need new greater fools onto whom they can offload them…If there is one thing that I want you to take away from this article, it’s that venture capital firms and other heavily invested players in the crypto space should not be trusted to give us the facts on the industry they desperately need to promote.