When a company starts as a nonprofit—it's written right into the founding documents—there's an explicit commitment: no executive or board member should personally profit from the venture. That's the whole point. Yet in practice, what we're seeing is a massive gap between those original pledges and what actually happens. The charter says one thing, but corporate behavior tells a different story. It raises real questions about how these commitments get interpreted over time, and whether the initial governance framework still holds when business priorities shift.
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GasFeeNightmare
· 18h ago
The scripts are all the same, no matter how beautifully the rules are written... what really matters is how they actually act.
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ForumMiningMaster
· 01-08 22:51
Speaking of which, this kind of thing is seen too often in the crypto world... promises on paper and actual operations are never the same.
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LiquidityNinja
· 01-08 22:50
Exactly right, this is the most common tactic in the Web3 community... Initially shouting about decentralization and community first, but in the end, it's just the team cashing out wildly, and the governance is just a facade.
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BearMarketSurvivor
· 01-08 22:49
Basically, it's just a promise on paper versus actual operation—this trick is old.
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MetaMuskRat
· 01-08 22:37
Promised not to cut the leeks, but still did it. Who hasn't seen this trick before?
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DegenDreamer
· 01-08 22:36
Another big lie of "We are non-profit," with beautiful wording on paper and packaging, but how is it actually done?
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governance_lurker
· 01-08 22:34
Promised to be non-profit, but it still ends up exploiting users, and the bylaws are as useless as waste paper.
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GweiWatcher
· 01-08 22:26
Where is the promised non-profit? Paper promises and actual actions are indeed two different things.
When a company starts as a nonprofit—it's written right into the founding documents—there's an explicit commitment: no executive or board member should personally profit from the venture. That's the whole point. Yet in practice, what we're seeing is a massive gap between those original pledges and what actually happens. The charter says one thing, but corporate behavior tells a different story. It raises real questions about how these commitments get interpreted over time, and whether the initial governance framework still holds when business priorities shift.