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The fact that cryptocurrency schemes like DAOs allow people to raise vast sums of money in very short spaces of time with no evidence of anyone involved having
by astoor 5y ago
The fact that cryptocurrency schemes like DAOs allow people to raise vast sums of money in very short spaces of time with no evidence of anyone involved having the ability, skills or even intention of delivering anything, seems to be fundamentally flawed to me. It seems that you are only going to attract dreamers who want to be able to get rich really quickly without having to do anything much, and I wouldn't have thought those would include the sorts of people who would be most likely to put in the time and effort and attention to detail and hard work required to build things that are truly worthwhile and which will stand the test of time.
- netcan 5y agoSure. OTOH, I think cryptocynicism may be blinding us to the possibility of doing exactly what this hapless bunch did, but actually ending up owning the copyright to something... as they intended. The road from there to something noteworthy is still long, but I don't think it's inconceivable. As I said, silliness is prevalent. That doesn't mean something useful can't emerge. But obviously, yes, most of most of the stuff happening is a comical blend of mercenary, hapless and foolish... guided by the smell of riches.
- jkarni 5y ago> The road from there to something noteworthy is still long, but I don't think it's inconceivable. That already happens. People who know what they are doing (i.e. professionals) already buy scripts and book rights and make movies out of them. It works pretty well already.
- pas 5y agoSPAC does the same. See also the Nikola story (the fraudulent electric vehicle company).