[rothbardrand]

Startup Options are already broken-- no liquidity, terrible employee hostile terms (eg: 1 year cliff, losing 90 days after leaving unless you come up with $xx,xxx to exercise options for a stock that won'e be liquid for 5 or more years, etc.) and on top of that the distribution is usually highly weighted towards MBAs to the detriment of the engineers who actually build the product.

So a new model has emerged: cryptocurrency tokens. While ICOs are often scammy, for startups whose business model fits in the form of a currency, this is a better way to reward employees. Liquidity and actual ownership rights... and "vesting" is easy-- just issue them a fixed number per month.