Token markets for undisclosed private companies create high fraud risk
Max Metcalfe · The First SaaS on BitClout will Replace Substack, Patreon · Apr 9, 2021 · at 11:27
Max Metcalfe, founder of SubClout, pushes back against Nathan Latka's vision of liquid token buyouts for private creators on BitClout.
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“Like all of a sudden you're a stock market for private companies who don't disclose any data. And I think like the potential for fraud and the potential for hurting investors more than helping them in the longterm is pretty high there.”
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