What'd he spend it on? Is this really hosting intensive? I'd think it'd fit in free tier usage or something. And even if not, it can't be more than what, a hundred or two a month? I don't follow what "creating a business" actually meant as far as why his costs went up. He was running a bot. So, you get an LLC, no big deal, it changes nothing. That's like what, 50$ in some states?
What am I missing? Unless it comes out that he started hiring people (to do what??) or if he quit his job and started spending people's money for his rent -- why'd he suddenly incur any serious expenses?
Also what's it got to do with crypto currencies per se? If banks offered some super easy API for USD-USD transfers and he had shoved all this money into a WellsFargo account would he somehow not have spent it?
> According to Mohland, in 2015, all Wow Such Business employees were laid off, including himself, and he began pouring his personal funds into the service to keep the bot alive.
It sounds like at some point, for some reason, he had employees. Unless he's just using weird wording and he was the only one.
Him and a cofounder, a dev, community/customer support, and a new hire coming on to "go to the moon".
I would love to know the thought process that came up with this.
Edit: Ya they went to conventions and on and on. Built a v3 system that could do "<bold>40 transactions per second</bold>", supported Twitch and other stuff. And they raised money: "Hell, we even raised $445k in a seed round to keep this train moving well on into 2015."
Well that makes a lot more sense. And I sympathize with wanting to keep your business alive. I've seen that happen and it sucks because it's hard to cut losses and walk away.
What am I missing? Unless it comes out that he started hiring people (to do what??) or if he quit his job and started spending people's money for his rent -- why'd he suddenly incur any serious expenses?
Also what's it got to do with crypto currencies per se? If banks offered some super easy API for USD-USD transfers and he had shoved all this money into a WellsFargo account would he somehow not have spent it?