The below is an off-site archive of all tweets posted by @lopp ever

July 25th, 2014

ryanxcharles The ethereum hype. marc.cn/2014/07/the-et…

via Twitter Web Client (retweeted on 1:27 PM, Jul 25th, 2014 via Twitter Web Client)

7) Remember this: Satoshi did not request donations or “pre-sell” shares in the Bitcoin system before it was launched.

via Twitter Web Client in reply to lopp

6) However, funding such ideas should be considered a philanthropic gesture. Doing so as an “investment” with expected profit is foolhardy.

via Twitter Web Client in reply to lopp

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.

via Twitter Web Client in reply to lopp

4) Funds are raised, little-to-no progress is made, then the entities who collected the funds disappear / go silent.

via Twitter Web Client in reply to lopp

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!”

via Twitter Web Client in reply to lopp

2) The crowdfunding model is a great way to leverage the power of the swarm, however, it’s unethical to “sell” vaporware.

via Twitter Web Client in reply to lopp

1) Ideas are worthless; it is only with proper execution that an idea can gain value.

via Twitter Web Client