3 ms·
They didn't "learn", SpiceDAO was just a straight up scam. They raised like $8m dollars, spent $3m on a book, (100x expected auction value) and then decided to
by camjw 5y ago
They didn't "learn", SpiceDAO was just a straight up scam. They raised like $8m dollars, spent $3m on a book, (100x expected auction value) and then decided to pay themselves $30k a month from the remaining proceeds and presumably just collect interest on the rest. It's been HUGELY profitable for the people who set it up. Ahem, the "core team".