Phezby Shanti
Phez was a Reddit clone that rewarded content creators with Bitcoin micropayments, built by Shanti, a 38-year-old Ruby on Rails developer, in summer 2015 as a side project emphasizing free speech. The project failed due to a flawed business model—lack of marketing, poor user engagement motivated only by minimal Bitcoin rewards, and spam/gaming attempts made it unsustainable. Shanti shut down the site after several months, losing approximately $29,014 in opportunity cost when Bitcoin's value surged years later.
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