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A comment on What to do if your startup is running out of cash. Parent comment

Re:What to do if your startup is running out of cash by luckylion on Thursday March 26, 2020 @05:02AM (#22691695)
> You don't need fiat money to run a company anymore.

You'll need "contributors" with plenty of fiat money then (or real jobs on the side), unless their land lord and grocery store etc take your token as payment.

[ Parent | on HN ]
Re:What to do if your startup is running out of cash by cryptica on Friday March 27, 2020 @05:35AM (#22701425)
This is definitely the case, but even if they spend less time on our project than their 'real job', our project is still getting much more out of them than their 'real employers' in terms of value produced.

Also, in our case, the token is more like a share of the company than a currency. Just because you can't use Google shares to pay for groceries doesn't mean that they don't have value. We have a plan in place to continuously buy tokens back on the market using the future profits we make.

[ Parent | on HN ]