See also: Chat startup can't outspend Facebook, so it created a new currency to scam gullible "investors": https://coinmarketcap.com/currencies/kin/ https://co

See also: Chat startup can't outspend Facebook, so it created a new currency to scam gullible "investors": https://coinmarketcap.com/currencies/kin/ https://coinmarketcap.com/currencies/kin/ Look what these guys did (funded by the same VCs), and you'll see why this is more unethical than even some of the shadiest ICOs. I can understand why they're doing this, but the founders and the VCs should just step back and think about it for a bit. Do they really think they can make a comeback because they raise dumb money? I'm sure the answer will be a No, if they really think about it. The problem is they're probably past that point and can't think rationally. (And the VCs have nothing to lose by letting them go ahead with this because it's better than losing all their money)