3 ms·
> Moxie and Josh Goldbard hold no MOB, along with the employees Right, the foundation sells the premined crypto-currency at a pumped up price. The foundation p
by Igelau 6y ago
> Moxie and Josh Goldbard hold no MOB, along with the employees
Right, the foundation sells the premined crypto-currency at a pumped up price. The foundation pays Goldbard and Moxie for their work. Employees are paid from the VC. No one connected has to hold any of it, nor will they want to after the dump.
- bdcs 6y agoAgreed that the foundations and payments need to be transparent. But if they are making, say on the order of a hundred grand a year in payments, wouldn't it behoove them to have a stable or increasing MOB market cap in the long run. IOW, if payments << market cap (currently O(10B)) then pumping and dumping is a disincentived move.