Gregory's ServerI think the fundamenral misunderstanding is that Levine thinks of these crypto 'institutions' as classic capital - they get (more) money from owning things and managing funds, and should be fundamentally insulated from market instability - whereas the crypto people see themselves as a tech startup, meaning they should have YoY growth _every year_, which fixed-rate, liquid bonds can't necessarily yield.
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 @pettter I read that today. But yeh as you mentioned perfect business. With a united workforce. But no one was thinking of the shareholders! Step one is always fire staff. I just love the service and hope it can still serve it's purpose to the artists  @pettter @arcadiarhod if the staff that was fired would start a cooperative equivalent of bandcamp I'd back it.  @vanderZwan @pettter @arcadiarhod Oh no, I need to read up on that. Such a shame. Bandcamp felt like one of the nice indie companies. I didn't realise they got caught in the VC trap |
@pettter I was disappointed to see it sold a second time to a music licensing company. Don't know much about them but hope they aren't there to change the way it works.
But Bandcamp is/was a great model and service to bands.