[aarontait]

I feel bad for the users that were left holding the bag. I put a good amount of money in the YC backed StableGains (Terra) just to watch it evaporate overnight. The investors and founders should feel deeply ashamed for selling these platforms as legitimate savings accounts. The fact that these platforms were backed and promoted by well know VCs/incubators, such as Y Combinator, is utterly appalling.

[gramie]

Ashamed? You can be pretty sure that the founders and early investors knew exactly what would happen in the (likely) event that it would crash and burn, and they safely extracted their salaries, bonuses, etc. at the peak.

And they are very unlikely to feel even the slightest remorse, because the people who pushed these too-good-to-be-true schemes are sociopaths, if not psychopaths.

[aarontait]

You're right. Y Combinator doesn't deserve a shred of the respect they garner. I don't know why I thought I could trust one of their portfolio companies. I assumed they did due diligence and had customers/users in mind when selecting companies to invest in.

[mistrial9]

> sociopaths, if not psychopaths

they are bred and selected by game rules a.k.a. "rational" actors.. look at Martin Shkreli, still listed as "American Executive" and right back in the pharm trading..