> I hope this gets rid of the "out-raise your competitors and spend ridiculous amounts of money on ridiculous money sinks" strategy forever. Narrator: It didn'

> I hope this gets rid of the "out-raise your competitors and spend ridiculous amounts of money on ridiculous money sinks" strategy forever. Narrator: It didn't. As long as there is greed and speculation, people will continue to fall for schemes like these. People, especially here on HN, like to talk about how big of a ponzi scheme cryptocurrencies are, but they are just a reflection of other such systems in the offline world. They just happen in time-scales of weeks and months rather than years and decades.