I assume this refers to cyptocurrency-related businesses. ICOs ('initial coin of... | Hacker News

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		ForHackernews on April 30, 2019 \| parent \| context \| favorite \| on: Eric Schmidt Steps Down from Alphabet’s Board of D... I assume this refers to cyptocurrency-related businesses. ICOs ('initial coin offerings') collected around $5.6 billion and most of them never delivered any real product: https://www.coinwire.com/ey-report-finds-most-2017-icos-fail... One could argue that getting enormous amounts of money without needing to produce any results for it is the very definition of "doing well".

stanleydrew on April 30, 2019 [–]

I hope there aren't too many people who define "doing well" that way. Seems like it would lead to a total breakdown of the social fabric.

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