[bloudermilk]

In the US, we have laws and the SEC which require executives to be transparent about important aspects of their business, such as their personal equity interest. In general, corporations are accountable to their shareholders by law.

What about crypto currencies? Obviously there's nothing immoral about the founders holding equity in their own currency. In fact, as an investor I'd prefer to know that the founders had some skin in the game! But, the idea that I don't have any transparency or accountability to protect my interest is unsettling. Further, the notion that a founder could just liquidate and walk one day with no recourse doesn't leave me with very much assurance that my investment is safe.

I think coming to terms with the morality is a fun thought experiment but not entirely useful. We should be thinking about how to apply the right amounts of transparency and regulation to keep the public safe.