Sucks that crypto is getting run by lawyers now. Brian Armstrong (Coinbase) said that: "if you have a company run by lawyers [...] you're not going to get in trouble, but you're…
Original source excerpt
Sucks that crypto is getting run by lawyers now. Brian Armstrong (Coinbase) said that: "if you have a company run by lawyers [...] you're not going to get in trouble, but you're never going to do an…
Sucks that crypto is getting run by lawyers now. Brian Armstrong (Coinbase) said that: "if you have a company run by lawyers [...] you're not going to get in trouble, but you're never going to do anything innovative ever again" In Kast case, even if they spent millions on lawyers, it's not clear what users receive. Perhaps more sad point is that "Tokens are almost always not aligned to the community." So please spend millions on lawyers to make a community aligned token! This would drive crypto industry forward instead of backwards. But his point shares a broader sentiment in crypto: that tokens are extraction tools. Either by team or insiders. And tokens lack ownership & other legal rights. Still, tokens could offer utility features that equity doesn't but that's beyond this post. In any case, Kast enters the naughty list together with Pump, Opensea, Metamask that promise one thing and underdeliver.
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