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halite

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What a fucked up industry.

What industry isn't?

Yahoo CEO had fake credentials: http://money.cnn.com/2012/05/13/technology/yahoo-CEO-out/ind... He lied and accepted a salary. In my world, I define that as stealing.

Equifax CEO Richard Smith will collect 90M http://fortune.com/2017/09/26/equifax-ceo-richard-smith-net-... What a convenient time to retire.

Questionable morals of Uber CEO https://www.reuters.com/article/us-uber-ceo/uber-ceo-travis-...

And numerous other examples. Bad people are everywhere. Cryptocurrency is a new realm that combines tech with the economy at a different level and currently, it is like a big experiment. It might be an expensive experiment but the learnings are for sure gonna change the face of the internet.

So we are discussing dApps on a platform that talks about making unicorns. Yes most ICOs are pump-and-dump at this stage but if similar study is done for unicorns valuation, we are going to find many examples of campanies that are 100x more valued. It is true that some people would be burned by ICOs sooner or later but that's what fair markets are for. I see this as process that democratizes ycombinator like companies. Eventually the process will be mature enough that the 'value' that yc or 'angels' provide would be available to more and more companies and angels replaced with everyday people.