No, they really believed in what they were doing. Still do, even after pivoting because their app was a failure. The guy who founded it was an old friend of mine from my hometown. He was one of the first people I knew who was into bitcoin, and he built a bitcoin tipping app for Facebook that actually worked. But then he decided to create an iPhone app that would be like Venmo for crypto and created his own ERC-20 rewards token as a way to pay users for sending USD to each other. Then the app became a mobile crypto exchange that kept adding new tokens. They couldn’t get built it right, took a year to launch the Android version, and couldn’t operate in a bunch of states for regulatory reasons so it never took off. They cut the marketing budget to near nothing because they were running out of seed money.

After that, I left and they changed gears and merged with a company that was building an identity layer KYC-friendly fork of EOS and built a DeFi platform. It still sort of exists, but they have such a small user base that I can’t imagine why they haven’t just pulled the plug on it. We’ve kept in touch, and he really believes that bitcoin’s time has come and gone, and what they’ve built is somehow better. I’ve stopped trying to change his mind.