Re: [ANN] Lykke - Semi-decentralized Exchange on the Blockchain
kadscuk: I think beliefs are one of the hardest things to change, and if you believe that Olsen is dishonest, there's very little that can be done to change your mind.
Here's my take on your questions:
1. Why is he talking about a jump if the market cap is already $481mn?
I think there's insufficient info given in Olsen's reply in that reddit thread, and will personally wait for more details (an official announcement on their blog, hopefully). It seems like what wasn't tradable in the past is now tradable, so logically speaking it should contribute to the market cap. Why now though, that's a valid question but I'd rather wait for the answers than to jump to conclusions.
2. Why is he saying lykke is a high risk investment?
Because it is? Would you have preferred him to not say it, or to say that Lykke is a low-risk investment? In either case, given your underlying belief that Olsen and the Lykke team are dishonest, there would have been an argument from you anyway, right?
3. Why is he saying they will make mistakes along the way?
I think it's actually very respectable for Olsen to say something like that. It shows transparency. Of course, you can also view it as him given himself an escape route.
It's all about perspective, and we all make decisions based on part facts and part beliefs.
Ultimately, I believe you must have made a nice profit selling LKK
. So lighten up a little and enjoy the profits!
Here's my take on your questions:
1. Why is he talking about a jump if the market cap is already $481mn?
I think there's insufficient info given in Olsen's reply in that reddit thread, and will personally wait for more details (an official announcement on their blog, hopefully). It seems like what wasn't tradable in the past is now tradable, so logically speaking it should contribute to the market cap. Why now though, that's a valid question but I'd rather wait for the answers than to jump to conclusions.
2. Why is he saying lykke is a high risk investment?
Because it is? Would you have preferred him to not say it, or to say that Lykke is a low-risk investment? In either case, given your underlying belief that Olsen and the Lykke team are dishonest, there would have been an argument from you anyway, right?
3. Why is he saying they will make mistakes along the way?
I think it's actually very respectable for Olsen to say something like that. It shows transparency. Of course, you can also view it as him given himself an escape route.
It's all about perspective, and we all make decisions based on part facts and part beliefs.
Ultimately, I believe you must have made a nice profit selling LKK
. So lighten up a little and enjoy the profits!I'm not gonna comment on that whole coinmarketcap debate since I think it's more of a problem about how the site is sorting and displaying multiple different projects and there's not a single "fair" one for them all, each of them have very unique rules, lock ups periods, inflation, unlimited caps, etc.
Now about Richard Olsen mention it's a high risk investment, of course it is. The whole cryptocurrency market is unproved and unregulated. Even stocks and startups are high risk investments. We don't know what can go wrong, not only particularly with Lykke but in blockchain tech as a whole. Now of course we are just not betting horses here, there are fundamentals and safer bets among the many different options.