๐จ Altcoin prices are fake? And this could launch them to the Moon ๐
The power is in your hands.
The market looks oversold ๐ - but most selling isnโt real.
On many exchanges, you trade IOUs, not actual tokens.
Withdrawals = reality check โ
If the exchange isnโt fully backed, they may be forced to buy tokens at any price ๐ฅ - potentially triggering a Price Shock? ๐ and accelerating altseason ๐
โ ๏ธ If the exchange lacks sufficient real tokens, the next altseason could happen without you.
Self-custody ๐ isnโt ideology - itโs a market audit.
๐ Like if you self-custody
๐ Repost if your funds are on an exchange and you plan to test withdrawals
Not your keys - not your coins. ๐ก
@hoffmang@slezisatoshi@m_tubaev The Chia founders and team should burn in hell for selling free coins. By doing so, they're destroying the price of the XCH coin, and therefore all the funds invested by early investors, most of whom are ordinary, poor people.
@hoffmang@slezisatoshi@m_tubaev The Chia founders and team should burn in hell for selling free coins. By doing so, they're destroying the price of the XCH coin, and therefore all the funds invested by early investors, most of whom are ordinary, poor people.
Vitalik, the founder of Bittorent (@bramcohen), created the @chia_project, which could be a basic tool for preserving the principles of decentralization.
But the community and I believe they need help, primarily financial.
They are forced to sell pre-farmed coins ($XCH) to pay their developers, which puts pressure on the coin's price. In turn, the low price of the coin affects the engagement and motivation of farmers, who determine the project's degree of decentralization. And, of course, it's declining without sufficient funding in such a difficult market:
https://t.co/v4gqEgWrkq
They also have technical errors that led to the collapse of the Nakamoto coefficient, but Bram Cohen plans to address this issue with a major update soon:
https://t.co/kyMZCRY4pP
CEO @hoffmang has chosen the tactic of "We're doing fine, we're selling pre-farm coins to Americans," instead of establishing communication with current market leaders, like you, and finding a solution, instead of mindlessly withdrawing any liquidity:
https://t.co/12p1ao8nuh
Perhaps you can help them, if not financially, then perhaps provide valuable recommendations on how to proceed in the current situation?
I would ask members of the Chia Network community to express their opinions on what's happening, because the @hoffmang is out of touch with reality and seems oblivious to the growing discontent in the community:
https://t.co/EnYX7D8kNF
@slezisatoshi@VitalikButerin@bramcohen@chia_project Look at the Chia coin price chart. It's immediately obvious that it's garbage and a scam. The project's founders and everyone who works there bear full personal responsibility for this. They are thieves who stole money from honest investors who trusted them.
@slezisatoshi@VitalikButerin@bramcohen@chia_project They sell their free, drawn-up coins and receive real dollars from honest, poor people. Thieves should go to prison, and after death, their souls should burn in hell. Their children and close relatives who use or will use this stolen money should also go to hell.
@slezisatoshi@VitalikButerin@bramcohen@chia_project They sell their free, drawn-up coins and receive real dollars from honest, poor people. Thieves should go to prison, and after death, their souls should burn in hell. Their children and close relatives who use or will use this stolen money should also go to hell.
@slezisatoshi@VitalikButerin@bramcohen@chia_project Look at the Chia coin price chart. It's immediately obvious that it's garbage and a scam. The project's founders and everyone who works there bear full personal responsibility for this. They are thieves who stole money from honest investors who trusted them.