Interesting.

I’m not making a comment about scam coins, but as a business founder, alt coins mirror identically how companies operate.

Pre-mine (founders shares) you don’t launch a company and give away all your stock to third parties or make it available to buy. The founders always keep control of their company even sometimes after IPO. Business founders can also use their stock as a currency to pay early employees or anybody supporting their company.

Forking, or pivoting in the business world. Many companies change their companies direction and operations.

Hard cap on coins. Shares can be issued via “rights issues” in companies. This is often referred to as a stock split.

Solutions, many companies exist, most copy other companies, only the really successful ones innovate, but their are many mid-tier successful companies that compete to provide existing services.

I explain this with no agenda, only to point out how the business world works and it’s similarity, probably intentional, to alt coins.

Finally, there are scams in the business world, but most startups are not.