RT @ryanxcharles: The ethereum hype. http://t.co/OqmvstaAws
7) Remember this: Satoshi did not request donations or “pre-sell” shares in the Bitcoin system before it was launched.
6) However, funding such ideas should be considered a philanthropic gesture. Doing so as an “investment” with expected profit is foolhardy.
5) I’m not saying that we should not fund good ideas. We should, if they are sound, have a solid implementation roadmap, and skilled devs.
4) Funds are raised, little-to-no progress is made, then the entities who collected the funds disappear / go silent.
3) I keep seeing the same story play out over an over in the crypto space; great ideas are presented but “WE JUST NEED FUNDING!”
2) The crowdfunding model is a great way to leverage the power of the swarm, however, it’s unethical to “sell” vaporware.
1) Ideas are worthless; it is only with proper execution that an idea can gain value.
@mikestable Sad story, lulzy shirt http://t.co/M9kPmPmjB6
