One problem with projects funded on the open market (token launches, etc.) is that there really isn’t any founder accountability. They can just stop building, and the community can’t really do anything about it. They have no legal fiscal responsibility.

seeker /native /believein /bedrock 🇵🇸

/clanker | @ me if you need anything, don't dm

reputation matters to some people, and it matters less to others

this is a downstream effect of failed regulation since its so hard to make a legal entity for a tokenized product but trivially legal to launch a completely decentralized memecoin. Bring back the ICO with sane regulation and let the teams raise money directly.

on the flipside, there's no holder accountability. they can dump whenever and they do. so it's an equal trade, and it's not always clear it's a value-add trade

$higher somewhat challenges this to some extent. But agree with your post