i doubt its a good thing if a billionaire is backing something, i dont think it will matter much anymore
I wonder why you said that. Isn't more money will a project to move much faster? I thought this was a good thing.
Some people inherently distrust rich people because they feel like all these guys do is to profit off the regular people. Not saying the person you quoted is one of them, of course, but it definitely seems like he doesn't trust rich people.
It is a good thing, as more exchanges result in a stronger ecosystem where customers choose the best service for their business.