Ugh yeah I had a feeling this may be the case. I was hoping SPACs might be bette... | Hacker News

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		breck on Feb 5, 2021 \| parent \| context \| favorite \| on: 23andMe to merge with VG Acquisition Corp. to beco... Ugh yeah I had a feeling this may be the case. I was hoping SPACs might be better, but haven't researched it. It's almost like we should have a thing called "public markets" where the public can invest directly in new ventures. /s (Gotta say I'm with Cuban and Mr Wonderful and Elon with the idea that regulators are pretty awful in their blindness to 2nd order effects) Maybe the blockchain is the way to go after all.

gamblor956 on Feb 5, 2021 [–]

Regulators are aware of these effects. They have limited ability under the law to pursue things that only have 2nd order effects.

Blockchain won't help; you would have the same problems but with even fewer ways to address them.

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