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Hey, Alex Masmej here. Just wanted to say that I had no choice because I had no money in the bank. During the start of COVID, I lost my only (and very first) so

Hey, Alex Masmej here. Just wanted to say that I had no choice because I had no money in the bank. During the start of COVID, I lost my only (and very first) source income at the time, and I lost all my savings in crypto (DeFi is dangerous even to crypto people like me). Financially, this ISA freed me instantly, and gave me a newfound legitimacy as a crypto innovator. This was by far the best way I could find to break out as an entrepreneur.

maliker 5y ago
Kudos to you. It’s a new and innovative technique, seems like it could help many more people, and you showed how it would work in practice. I thought being able to do the crypto trade directly on you website was a nice touch—definitely shows its easier and more accessible than the Bowie Bond example from the article.
beervirus 5y ago
How have things played out since the initial sale?
- stirlo 5y ago
  https://defimarketcap.io/token/0x8ba6dcc667d3ff64c1a2123ce72ff5f0199e5315 https://defimarketcap.io/token/0x8ba6dcc667d3ff64c1a2123ce72... Market cap is now almost $1 million with a coin price of $0.15. Considering the initial offer was $0.002 per ALEX it seems like he's doing really well. Of course he's now running a NFT startup https://tryshowtime.com https://tryshowtime.com so perhaps the 15% share of his income has the potential to max out at the $100k return he offered. I don't think I'd bet against him at this point.
jkhdigital 5y ago
Glad I scrolled down far enough to see this! Need to upvote this to float it to the top...
hycaria 5y ago
You had no choice but go to the most expensive place in the world ?
ganafagol 5y ago
Does nobody in here realize that this is just the first step towards the well-known as well as rightfully-abolished concept of slavery? Fraction of future income and participation in "certain life decisions" is just the beginning. In principle this can ramp up to all future income and all life decisions. And don't tell me this is voluntary, which makes it all different from slavery. Alex himself writes "I had no choice". Just take this further and apply it to some drone worker in an Amazon fulfillment center or other precarious employment. People who don't have a choice and would end up uneployed and hungry on the streets if they don't agree to terms put in front of them. The only thing between the worker and such a deal is labour laws, and we all know how popular those are in "entrepreneur" circles.
- zshrdlu 5y ago
  I've encountered something like this in a work of fiction, Mary Doria Russell's The Sparrow. In the book, investors find young, brilliant but impoverished children, usually in crisis-struck places (war, civil strife, etc). They sponsor the young people's top-tier education and earn their salary when they become professionals, the sponsored only receiving a stipend necessary for living until their debt is paid off.
  - CFA178B 5y ago
    Interestingly, if I am gifted child in a neglected place selling myself would be a way to get out. Limited options make a bad looking options look good.
    - ahel 5y ago
      Which is very fun, counting that wealthy investor could potentially keep certain areas of the world in an impoverished state so to reap young gifted childs.
      - ganafagol 5y ago
        Arguably, we do see that happening already today. All developed countries with merit-based immigration systems are essentially contribution to half of this. Not necessarily on purpose, but in effect. Now, realizing that most of western "development aid" achieves the opposite of independent development provides the other half. Again, not necessarily on purpose, but in effect.

maliker 5y ago

Kudos to you. It’s a new and innovative technique, seems like it could help many more people, and you showed how it would work in practice. I thought being able to do the crypto trade directly on you website was a nice touch—definitely shows its easier and more accessible than the Bowie Bond example from the article.

beervirus 5y ago

How have things played out since the initial sale?

stirlo 5y ago
https://defimarketcap.io/token/0x8ba6dcc667d3ff64c1a2123ce72ff5f0199e5315 https://defimarketcap.io/token/0x8ba6dcc667d3ff64c1a2123ce72... Market cap is now almost $1 million with a coin price of $0.15. Considering the initial offer was $0.002 per ALEX it seems like he's doing really well. Of course he's now running a NFT startup https://tryshowtime.com https://tryshowtime.com so perhaps the 15% share of his income has the potential to max out at the $100k return he offered. I don't think I'd bet against him at this point.

jkhdigital 5y ago

Glad I scrolled down far enough to see this! Need to upvote this to float it to the top...

hycaria 5y ago

You had no choice but go to the most expensive place in the world ?

ganafagol 5y ago

Does nobody in here realize that this is just the first step towards the well-known as well as rightfully-abolished concept of slavery? Fraction of future income and participation in "certain life decisions" is just the beginning. In principle this can ramp up to all future income and all life decisions. And don't tell me this is voluntary, which makes it all different from slavery. Alex himself writes "I had no choice". Just take this further and apply it to some drone worker in an Amazon fulfillment center or other precarious employment. People who don't have a choice and would end up uneployed and hungry on the streets if they don't agree to terms put in front of them. The only thing between the worker and such a deal is labour laws, and we all know how popular those are in "entrepreneur" circles.

zshrdlu 5y ago
I've encountered something like this in a work of fiction, Mary Doria Russell's The Sparrow. In the book, investors find young, brilliant but impoverished children, usually in crisis-struck places (war, civil strife, etc). They sponsor the young people's top-tier education and earn their salary when they become professionals, the sponsored only receiving a stipend necessary for living until their debt is paid off.
- CFA178B 5y ago
  Interestingly, if I am gifted child in a neglected place selling myself would be a way to get out. Limited options make a bad looking options look good.
  - ahel 5y ago
    Which is very fun, counting that wealthy investor could potentially keep certain areas of the world in an impoverished state so to reap young gifted childs.
    - ganafagol 5y ago
      Arguably, we do see that happening already today. All developed countries with merit-based immigration systems are essentially contribution to half of this. Not necessarily on purpose, but in effect. Now, realizing that most of western "development aid" achieves the opposite of independent development provides the other half. Again, not necessarily on purpose, but in effect.