4 ms·
SPACs are setup by people who couldn’t figure out how to launch a DAO token scam.
by berkle4455 4y ago
SPACs are setup by people who couldn’t figure out how to launch a DAO token scam.
- Amfy 4y agoI tend to agree lol
- tofuahdude 4y agoOr is it the other way around?
- Sebguer 4y agodefinitely the other way around, SPACs require up-front capital and a lot more connections!
- spamizbad 4y agoNah, SPACs are just the luxury version of a DAO token scams.
- dylan604 4y agoJust wait, the next thing will be major announcements for the release of NFTs that'll be super hero level SQL commands.
- rchaud 4y agoThe grand-daddy of them all is the ICO.
- codehalo 4y agoThat got its roots from the IPO. I hope you are not putting IPOs on some type of infallible pedestal.
- rchaud 4y agoYes but presumably IPOs have a business model and assets, quantified by audited financials that can be examined and evaluated against competitors. ICOs were taking real money and exchanging it for tokens with no legally enforceable equity rights. It's GoFundme with a slicker landing page, but no oversight whatsoever. There's a reason they do that and it's not because doing it through the proper channels is impossibly onerous.
- deleted 4y ago[deleted]
- danrocks 4y agoPeople like Chamath Palihapitiya, who can probably do both. All while lecturing us about how bad our society is and how he's ashamed of having been part of Facebook (I'm sure he'll say the same about SPACs later).
- blitzar 4y ago> who can probably do both he can probably do neither