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0 pointsafavour4y ago0 comments

The crowdfunding to bust the constitution is surely a replication of an existing financial instrument? Crowdfunding is not new.

That particular episode also laid bare the problems no web3 proponent seems to want to address: a whole load of people are going to lose all the money they gave to the fund because transaction fees will swallow their investment whole if they ever try for a refund.

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stefan_4y ago

Not to mention that all the transaction fees meant their final fund was just barely too small to actually buy the item they had crowdfunded for. Cryptocurrency: it just ain't good for anything.

j / k navigate · click thread line to collapse

0 pointsafavour4y ago0 comments

The crowdfunding to bust the constitution is surely a replication of an existing financial instrument? Crowdfunding is not new.

0 comments

stefan_4y ago

Not to mention that all the transaction fees meant their final fund was just barely too small to actually buy the item they had crowdfunded for. Cryptocurrency: it just ain't good for anything.

j / k navigate · click thread line to collapse