Financially, this ISA freed me instantly, and gave me a newfound legitimacy as a crypto innovator. This was by far the best way I could find to break out as an entrepreneur.
Fraction of future income and participation in "certain life decisions" is just the beginning. In principle this can ramp up to all future income and all life decisions.
And don't tell me this is voluntary, which makes it all different from slavery. Alex himself writes "I had no choice". Just take this further and apply it to some drone worker in an Amazon fulfillment center or other precarious employment. People who don't have a choice and would end up uneployed and hungry on the streets if they don't agree to terms put in front of them. The only thing between the worker and such a deal is labour laws, and we all know how popular those are in "entrepreneur" circles.
What I'm saying is that the described scheme of Income Sharing Agreement is a step towards a dark age. Saying that it's always a choice is ignoring realities and just buys into the myth of "If you're poor then it's just because of your poor choices. Your fault." In the average western society, especially the U.S., there is a lack of social mobility that goes directly counter to that myth and can't just be explained by people making poor choices, compared to societies where mobility is higher.
Market cap is now almost $1 million with a coin price of $0.15. Considering the initial offer was $0.002 per ALEX it seems like he's doing really well.
Of course he's now running a NFT startup https://tryshowtime.com so perhaps the 15% share of his income has the potential to max out at the $100k return he offered. I don't think I'd bet against him at this point.