What relation does he have with the project? He's not even listed on the team:
There was a $30MM ICO which ended May 25th. The price of ETH was $177 at the time. Not bad! Dropbox’ first seed round was only $15,000.
I don't get it. Don't understand why people want to get a lot of money, put a ton of pressure on themselves, and then put out a shoddy half-baked, half-finished product. You see this with almost all software now but the cryptocurrency craze has made it endemic. People who have shown nothing are getting 30 million dollars in funding. Shouldn't you earn it first? Isn't that healthy?
You guys don't need $30 million dollars to do stuff like this. You're lying to yourself if believe you do. This is $30k effort. How about putting your head down, shutting your mouth, building something great, and then showing the world? Is that crazy? You can only assume these people are more about $$$ than what they are building.
i'm not listed on the team anymore, because i - along with several others left the project during and after the token sale (empty handed, mind you) for various reasons.
i agree, storj didn't need $30mm (but did need more than $30k though, to be fair).
> You can only assume these people are more about $$$ than what they are building.
a reasonable assumption, but let's draw the line between those building and those profiting, because this assumption is not fair (or accurate) in describing the people who actually did the building.
They can honestly say that Storj lead developer left of personal reasons and no one else can take over.
There is no obligation on their part to pay anything back.
Like the author I have been following crypto currencies (and doing small time mining) since 2011. I have seen several boom-crash cycles.
Still I boggle at the madness of the crowds.
Other way round: produce a half-baked product, get a lot of money, hope your investors are too libertarian to set law enforcement on you.
> Shouldn't you earn it first? Isn't that healthy?
Have you heard of this thing called "capitalism"?