[ChuckMcM]

Wow, this editorial exactly parallels my concern. Basically people chasing outsized returns getting fleeced by the bottom of the barrel type pump-n-dump types.

Here is my thesis, there exists a significant number of people who attempt to exploit people's desire four outsized returns using illegal "pump and dump" schemes where they pump up the value of a penny stock and them dump their shares to the unwitting victims. This is illegal and they get hunted down and sometimes caught. Now we'll have a "perfectly legal"[1] way for these same folks to create the illusion of an outsized opportunity. And that will create dark versions of wefunder type companies which are focused not on enabling the next generation of entrepreneurs but instead in fleecing the next generation of technology "investors".

[1] "Perfectly Legal" - code for a way to take money from someone where they cannot get it back, and yet had they known all of the facts would never have handed it over in the first place.