Wrote "Irrational Appcoin Exuberance" last year. Still amateur hour & looks like things will get worse before betterhttps://medium.com/@ntmoney/irrational-appcoin-exuberance-b6ea86d58b8a …
A project called "Matchpool" just raised $5.7M in 48 hours. A day later, co-founder departs the project with the following messagepic.twitter.com/y1O8Lxsy0Z
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To clarify, I have no idea if this is a "scam" or not. It is an indication that investors did not do proper diligence though
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Yikes. What structures should new crowdsale be using to that this can be avoided in the future?
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It's unavoidable to some extent imo. Investors will learn after a lot of pain. Best we can do is bring this stuff to light.
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Agree it's unavoidable but we can red flag those that don't follow best practices. At least will reduce loss.
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I'm thinking that perhaps there could be some technical additions in the smart contracts themselves.
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Is it me or do these big failures happens right after funding? For the DAO a month, for this days.
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Early founder fallouts are so common, the sensationalism around it is very unhealthy for the decentralized movement
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The decentralized movement is happening irrespective of any sensationalism
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To prove we are sophisticated enough for public, liquid ownership of a young startup, we need to be unemotional
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History has proven most people are not unemotional. There is a reason that companies resist going public
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But how much we play into it is a choice
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not suggesting any bad behavior occurred (no clue). just the co-founder leaving reflects poorly on the diligence done by ppl involved
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