Bags is basically a gofund me (donation) platform masked as an early access investment vehicle where the beneficiaries cannot be held accountable for not providing long term value to the associated token. The mechanism is further made unsustainable when the beneficiary is persuaded by gambling addicts to ‘endorse’ the token so price goes up - a win win situation for them and for the early bundlers who have taken it upon themselves to be ‘ unqualified talent sourcers’, finding engineers who usually wouldn’t have received angel/VC funding for their sub par creations. State of things.