The absolutism is a bit extreme, but your comparison isn't really fair either. Outside of crypto, we don't regularly see startups get loads of hype and money only to explode so spectacularly that the founders end up in jail.
> Outside of crypto, we don't regularly see startups get loads of hype and money only to explode so spectacularly that the founders end up in jail.
It is already known that the majority of unprofitable startups take tons of VC money and have regularly played the Silicon Valley playbook of 'faking it' until they are caught out in the open [0] [1] [2]. It has gotten so common to the extent where their favourite bank (SVB) went under with all these unprofitable startups crying over payroll when generating little to no revenue with inflated valuations.
We were supposed to learn from that VC pyramid scheme that has caused SVB to collapse which was so seismic that all those unprofitable startups would all have gone bust had capitalism just run its course without government intervention.
There really is no defence for continuing the constant dependence on raising VC money in unprofitable startups for years anymore after over-leveraging and injecting more cash at unjustified valuations in these startups. For this scam to be revealed so late shows how long many startups were able to get away from 'faking it'.
Yes. Moneygram, Circle and Stellar launched and aid program (Stellar Aid) that allows near instant, very low-fee and cross-border P2P payments worldwide to those in need of it. [0]
