@PhilG810 Blaming market conditions for the fall of TX is peak intellectual dishonesty it was dead on arrival it could have been launched the same week as they launched the “product “ they claim they are working on but the point was capital extraction not success or they would have waited
@cedwards450@zenkai723413817 Sorry using market conditions to obfuscate the fact the project is run by criminals is a little too intellectually dishonest for my taste.
@JamesCrypto87 Technically if every institution would rather launch there own tokenized deposits systems then use TX I would argue that suggests TX is irrelevant. Investors where led to believe institutions would adopt the TX platform not build there own from scratch to compete with it
@RippleNigeria@TXStockExchange soon as an official investigation is opened by the SEC the TXSE would need to suspend operations to avoid being implicated in the TX scandal. Even a 10 day halt to a stock exchange would cost untold billions on a network that isnt valuable enough to secure itself
@RippleNigeria@TXStockExchange probably a blockchain that doesn’t have a stack of criminal referrals sitting at the SEC. Proper institutions wont even hire criminals much less build infrastructure around them.
@supereomb@tyler27873@ZapposC23879 More like losing a living shitting on TX. 🤣
But yes it looks like the bad publicity along with the teams immoral activities have driven the project completely into the ground.
@NothingScales@tyler27873 As The PSE rewards fail to cover the fiat cost for validators to maintain the network rational validators will leave. This will leave security vulnerabilities in the network that will make issuing RWA’s too risky for institutions that actually care about their investors
$TX in 3 days more dilution 👈
price will tank further then most ever imagined.👈
It wont be profitable to secure the network rational validators will cut their losses. 👈
Nobody will tokenize on a chain so vulnerable to attacks👈
product wont launch👈
Investors will be blamed 👈
@BRW_Solo@coreum2026@tyler27873 As the TX price falls, the financial incentive for validators to secure the network diminishes, likewise the incentive for institutions to issue RWA’s on an unsecured chain diminishes the death spiral is complete when the PSE rewards don’t cover the validator maintenance cost.
$TX do you know how hard you need to wake up and work every day as a CEO to drive this into the ground THIS HARD? I couldn’t have screwed you guys over this hard short of hiring an SEC lawyer to assist me.
$TX last October sologenic was the number one traded pair on the XRPL around 0.20c today its been debased by 250x and lost 95% of its value on top of that and people will look at you with a straight face and tell you its a good thing .
@RippleNigeria Hes gonna tow the line like a broken horse. they stole from us but if we sucker enough people in by shutting up we can screw new retail investors over and Forrest can sleep well. ironically he will just get burned twice but FAFO a once wise man said. wisdom is fleeting though