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I wonder if there's something illegal or fraudulent about raising all that money and then doing a half-assed job on the project? I understand there's a thin line between a failed business venture and outright fraud/lying, but stories like this seem so slimy.
I don't think so. Is that not 90% of Kick starters purpose?
bookchin: https://www.reddit.com/r/storj/comments/6llxpn/so_long_frien... I followed the storj reddit for a while, since I bought into the crowdsale with Bitcoin. (Since sold. There was some kind of pump the other week on bittrex.) After the crowdsale, they appeared to be really rather disorganised. They took the $30m, sent everybody receipts, and then... nothing. No newsletters, no mails, no nothing, aside from occa…
I wonder if there's something illegal or fraudulent about raising all that money and then doing a half-assed job on the project? I understand there's a thin line between a failed business venture and outright fraud/lying, but stories like this seem so slimy.
Unfortunately for the author of this amazing (and cringeworthy) exercise, skeptics often put in a lot of effort, but receive practically no reward compared to the con artist. Even the people who agree with and appreciate the effort of the skeptics are few compared to the number of irrational people who gladly follow the cons. This is a bit radical (and probably outside the interest of HN), but if we somehow could rem…
Not radical at all, greed ruins everything. The more we can decrease it in society – the more freedom we'll all get.
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Not radical at all, greed ruins everything. The more we can decrease it in society – the more freedom we'll all get.
How do you suggest we do that?
https://coinmarketcap.com/assets/storj/
The level of fraud and stupidity in the ICO world is pretty shocking. It's not going to be pretty when the bubble bursts.
Looks like the Storj coin is trading higher now than when it first launched. https://coinmarketcap.com/assets/storj/ The level of fraud and stupidity in the ICO world is pretty shocking. It's not going to be pretty when the bubble bursts.
Looks like the Storj coin is trading higher now than when it first launched. https://coinmarketcap.com/assets/storj/ The level of fraud and stupidity in the ICO world is pretty shocking. It's not going to be pretty when the bubble bursts.
There was that SEC report a while back that sounded like it was gonna end the wild west era of ICOs, and though I don't keep up with ICO news I haven't heard of any big new launches in a while.
How much storj you wanna bet that Gordon Hall guy is the only person in the world who understands the entirety of Storj? Scary. What relation does he have with the project? He's not even listed on the team: https://storj.io/team.html There was a $30MM ICO which ended May 25th. The price of ETH was $177 at the time. Not bad! Dropbox’ first seed round was only $15,000. I don't get it. Don't understand why people want t…
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How do you suggest we do that?
Build great stuff and don't be greedy - set an example. Make those greedy over mediocrity look bad. Build for the sake of building, because that's reward enough.