[dickhardt]

Agree that there have been many failures in the smart contract market.

In contrast to many crypto projects, we are only using smart contracts for financing Hellō so that we can separate the return on investment from the cooperative governance. This removes one of the common failure modes of governance gone awry.

There is significant innovation in the crypto ecosystem and while there are failures (as there will be with any novel technology) there are also successes. As we don’t need to issue any smart contracts in the immediate future, we will be able to build upon the successes.