I'm happy to hang around another epoch or three, because thb, selling into the weakness we see now is a waste of time.
Holders say, 'the whole market's gone to shit'. Why then have we lost FORTY places on CMC. That's not 'market weakness', that's the market voting.
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"It's like I'm living in a dream world, one where cars are made without wheels, houses without a roof and airplanes without wings. All the time being scolded for expecting anything else. This is why we've dumped and dumped badly. H2H release was a dumpster fire."
Lot of good reaction to my $REN thread earlier. One point from a DM I got: "they've put in a half-finished bridge to the other side of the river - where there's nothing, just dirt, no roads, no buildings! Then they looked at us and said 'it's not our job'. Beyond belief"
It was a terrible look, a democratic DAO-lite presented with a fait accompli choice and told to like it or lump it, the reasoning behind it even more bizarre. Volume has, no surprise, gone off a cliff, RenVM being the getaway vehicle of choice for hackers and few others recently.
$REN is discovering what happens when you over promise and under deliver, rats leaving a ship that they believe is sinking. I am a DN owner and believe in the project long term but it's been horribly mismanaged in the last 3-4 months.
Last point, the $REN team's response to rising volumes two months ago was to present a large fee rise in an undemocratic 'vote' (the option to leave fees alone was not an option), while dropping burn fees in order to, get this!, 'reduce TVL in case we're hacked'.