The Pitfalls of 'Community-as-Company'
Markets Outlook
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Coinley - A Crypto Community Run by Former Pro Baseball Player Micael Johnson
A crypto community led by the former pro baseball player mica johnson, raised about 35 million dollars with an nft launch. Shortly after, it announced that it had lost all f the money. Because code deployed on etherium is immutable and can't be modified, the developers have no recourse and the funds are permanently lost. The next day, developers used the official aku twitter account to ask for help creating a new version of the contract. This seems to have appeased the aku community traders who spent the week end praising Johnson for agreeing to start the acutars launch over brick by brick. But if everyone gets their refunds, it'll be the aku team, not the
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