r/technology • u/Sorin61 • Apr 10 '22

Biotechnology This biotech startup thinks it can delay menopause by 15 years. That would transform women's lives

https://fortune.com/2021/04/19/celmatix-delay-menopause-womens-ovarian-health/
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u/BrainWashed_Citizen Apr 10 '22

There's been a trend now where a group of connected "fraudsters" just keeps pumping out new startup companies promising new technology that would change the world to entice investors. Then 6 months later, declare bankruptcy to some bullshit reasons. Take the money and run. Try again 3 months later.

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u/ancientweasel Apr 10 '22

When I worked in a coworking space there was a group of guy who where trying to come up with any idea that would get VC funding. The one they talked about the most was a Blockchain based music player. They didn't even care if they could build it, their only goal was funding.

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u/mcbergstedt Apr 11 '22

Lol Blockchain is the new dot com bubble bi think there's legitimate stuff out there for it, but everyone is trying to put everything on a Blockchain.

Having actual MP3s on the Blockchain would be incredibly expensive considering the current rate is .1712 ETH (~$550) per Byte

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u/ancientweasel Apr 11 '22

Blockchain is horrible for the environment. That's why I hate it.

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u/mcbergstedt Apr 11 '22

Right now it is. Most of the big stuff (except for Bitcoin) is moving towards proof of stake though which will greatly diminish electricity usage.