But it's not worse than how co-founders operate in bootstrapped startups. Initially, they're not getting paid.
The difference in this case is that there is a lot more fluidity in terms of who can benefit from and participate in the project's growth. Also, claims of ownership are backed by a cryptographically-secure financial instrument instead of promises and paper contracts. We know what happens to employees who work for options contracts - In our case, at least their earnings are not going to 'expire worthless'. All directors hold the same type of tokens as employees so there is a shared incentive.
This week we had hundreds of people coming out of nowhere and offering to help us with our marketing in return for a small amount of token.
Seeing this, I have no doubt that cryptocurrency will be the future of startup financing.
The difference in this case is that there is a lot more fluidity in terms of who can benefit from and participate in the project's growth. Also, claims of ownership are backed by a cryptographically-secure financial instrument instead of promises and paper contracts. We know what happens to employees who work for options contracts - In our case, at least their earnings are not going to 'expire worthless'. All directors hold the same type of tokens as employees so there is a shared incentive.
This week we had hundreds of people coming out of nowhere and offering to help us with our marketing in return for a small amount of token.
Seeing this, I have no doubt that cryptocurrency will be the future of startup financing.