I think Thundercore is just the poster child of what we have seen over and over again. They create a project and a lot of hype around it. I believe they invested huge amount of money on the hype. They use their "status" as faculty at Ivy League Universities to create confidence among investors. People actually believe they have integrity and are committed to the project. Some people go full into what they believe is a revolutionary technology. The team, raises millions of dollars. In the case of Thundercore it was 50 million. Once the bear market hits and destroys the alt market they just abandon the project. They probably already took a few million dollars with them. Why would they care about the investors? But lets be honest, it has not been only Chinese projects. Most of the projects are just scams presented like real startups. And who are you to blame. Startups fail 95% of the time, statistically speaking. So they are safe, your money is not. Let's be honest because only truth shall set us free.

I am still wondering how many of these projects were just opportunistic moves by people from academia. For sure they took advantage of the euphoria created by the 2017 mega bull market. Back then even the worst and scammiest projects would give insane returns. But what did they leave behind? Just tons of bag-holders that think that "positive attitude" is enough to bring a project back on track. Now the telegram channels are full of crybabies complaining about the price or zealots that do not tolerate even the slightest objetive analysis of the current situation of the project.

If your device is secure enough, there is an army of people who will be willing to use it. Currently the world is moving in the same direction as China. Revolutionary technologies capable of providing private and unrestricted access to Internet will bloom in the coming years.