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This was submitted earlier and got no discussion, so I resubmitted it with a more neutral title. Taibbi has some excellent points. Overall, in the long run, t
by jellicle 15y ago
This was submitted earlier and got no discussion, so I resubmitted it with a more neutral title.
Taibbi has some excellent points. Overall, in the long run, this is going to hurt the startup industry. There will be numerous publicized incidents of massive fraud. Many people will lose their money and they will tar the entire industry with that perception. Casual investors are going to get robbed blind by scam artists, and anyone intending to run a real, honest business should be against these legal changes.
- retroafroman 15y agoI agree. I think we're too busy cheering about how smart and progressive we are, making it so that games and iPhone stands can get crowdfunded, to realize that this is going to come back to bite us. In this case, someone outside the industry, like Taibbi, is a good sanity check, though he does have his own reasons for opposing it.