The information asymmetry here is staggering.  Everybody seems to think they know more than the people who are actually in the arena 24x7x365 doing stuff and having actual contact with the real people involved. How arrogant.  I've worked with Matt's whole team for over a month.  I've heard him straight up disclose his whole checkered life's history to a huge live and on-line audience. I've observed what his team is capable of doing.  It's a bunch of all-stars.  I've watched him adapt and pivot and overcome obstacles in real time. 

And I've watched him come up with the plan he was starting to unveil here.

He's crude and aggressive and creative and vulnerable.  All in one package.

I listened to his whole webinar (and several others).  He always starts out with a rambling monolog intended to build a relationship with attendees.  Then he describes what he's working on at the vision level just like we did when we first described BitShares to the world in 2013.  Many pivots later, BitShares was a reality and now holds a record for most daily transactions that is nearly twice as big as Bitcoin and Ethereum combined.  

Instead of offering an ICO to raise the necessary funds he offers products he has developed that have real value to the kind of people he hopes to recruit as co-developers.  Perhaps joining his team does not appeal to you.  That's ok.  To each his own.  But his software is proven, unlike most other fund raising schemes.  Apparently he was casting pearls into the mud in front of you, to be trampled underfoot.

People tend to confuse entrepreneurs with scammers when occasionally a project runs into trouble.  Many successful people had a long string of failures before they succeeded.  A scam is a deliberate attempt to deceive, not a failed business.  But past failures that don't kill you make you stronger and wiser.

Matt's his brilliant vision and powerful team was offered to this community on a silver platter.  He will simply do it elsewhere now.