Hacker News Reader

Comment by Grue3 | Hacker News Reader

Snowden, kickstarter, bitcoins within the first few paragraphs. I see where this is going...

scrolls to the bottom

Yeah, thought so. It's amazing how you can raise more than $100k with this bullshit without having even basic qualifications to accomplish your plans. It's amazing how people fall for this kind of crap again and again. See also: Ritot watch, Arist coffeemaker and so on.

View on HN

It is almost as if not every single project is a success.

It's almost as if you have project masterminded by "idea guys" without any regard for its technical, or even physical feasibility, designed to appeal to the lowest common denominator to attract people with little experience in investing, it is likely to end up being either a scam or a total failure.

Which frankly is the same thing that many Silicon Valley startups do, except the investors have far more experience, yet still put money in.

Frankly investing is a risk, and if you aren't willing to take that risk then you shouldn't do it. Not every Silicon Valley startup is a success, not every Kickstarter is a success.

It's just how the game works.

It's almost as if Kickstarter's business model optimizes for "idea guys." If a particular set of economic incentives creates a particular kind of parasite, the problem is the ecology of the niche, not the parasite. You can't make con-artists cease to exist; you have to change the game so it's not one con-artists want to play.

Reply on news.ycombinator.com