Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources]
Just something in generally, you can read it if you want:
Normally a partnership is not related to payments. When payments have to be made normally, at least in the real world enterprises, you are either a sponsor or a client, but not a partner.
It is not all about FUD by the way. It's more than normal that holders, investors, even miners, are concerned on whats going on and that they ask for maximum transparancy and within that, ask questions to things that without proper explaination do not look right or strange or uncommon.
And NO, not every top coin is doing it like that. A real hard working dev team on a given top coin releases their partnerships AFTER a given contract is done, immediatly. There might be some expections of course, but i can not remember even one right now with such a teasing and hype, feel free to correct me here.
The whole crypto community by now has so often felt to scams that, absolutly normaly, many people have their guards on. This is nothing bad at all. A honest working Team with ease can answer every question profesionally an wave away any concerns (or FUD as you name it) away.
The problems here are a bit deeper here, just the last thing as an example:
- Funds, exactly 18.6 XVG have been moved from the Crowdfun Wallet. People watch it closely and immediatly ask why? On one side i guess maybe to find a track to the myterious partner, on the other hand to see what happens with it. People all over on all channels ask the Verge team whats going on with these funds. Now the problem:
- Verge team on all channels declare its for the Ledger Nano integration. Normally the story and concern should an end here, BUT the Ledger Nano CEO declines officially that they have whatever dealings or projects with XVG.
- Not even talking about the price for a Ledger Nano integration as its basic is free and only custom software has to be paid. And the paid version is in the range of max. 150k USD, but 1.8M USD funds have been moved.
- There wouldn't be any problem if 150k had been moved for Ledger Nano, if Ledger Nano did know about it and such integration had been planned with Ledger Nano. It would had been even a good sign for the project that way, but no, none of the mention was the case, hence concerns IF these funds are used exactly for that. These are real concerns that have to be adressed, not just FUD.
One other thing that made a lot of people concern yesterday is this (copy over from reddit)
There is a huge list of little red flags if you look into it. Does it mean its a scam? No, but there are some really bad signs and flags that have to be adressed and its normally that someone is concerned. If there will be a big deal, perfect, whole Crypto community (not only Verge) will profit from it. If there is none or scam, the whole crypto community will suffer, one of the reasons non XVG holders are concerned as well.
My personal prediction? Let's say with all these warning signals this scenario posted on reddit is close to what i think:
The True? 2 days away ..... like the US tax deathline, both on 17th April
Normally a partnership is not related to payments. When payments have to be made normally, at least in the real world enterprises, you are either a sponsor or a client, but not a partner.
It is not all about FUD by the way. It's more than normal that holders, investors, even miners, are concerned on whats going on and that they ask for maximum transparancy and within that, ask questions to things that without proper explaination do not look right or strange or uncommon.
And NO, not every top coin is doing it like that. A real hard working dev team on a given top coin releases their partnerships AFTER a given contract is done, immediatly. There might be some expections of course, but i can not remember even one right now with such a teasing and hype, feel free to correct me here.
The whole crypto community by now has so often felt to scams that, absolutly normaly, many people have their guards on. This is nothing bad at all. A honest working Team with ease can answer every question profesionally an wave away any concerns (or FUD as you name it) away.
The problems here are a bit deeper here, just the last thing as an example:
- Funds, exactly 18.6 XVG have been moved from the Crowdfun Wallet. People watch it closely and immediatly ask why? On one side i guess maybe to find a track to the myterious partner, on the other hand to see what happens with it. People all over on all channels ask the Verge team whats going on with these funds. Now the problem:
- Verge team on all channels declare its for the Ledger Nano integration. Normally the story and concern should an end here, BUT the Ledger Nano CEO declines officially that they have whatever dealings or projects with XVG.
- Not even talking about the price for a Ledger Nano integration as its basic is free and only custom software has to be paid. And the paid version is in the range of max. 150k USD, but 1.8M USD funds have been moved.
- There wouldn't be any problem if 150k had been moved for Ledger Nano, if Ledger Nano did know about it and such integration had been planned with Ledger Nano. It would had been even a good sign for the project that way, but no, none of the mention was the case, hence concerns IF these funds are used exactly for that. These are real concerns that have to be adressed, not just FUD.
One other thing that made a lot of people concern yesterday is this (copy over from reddit)
Quote
The original crowdfunding tweet said that the donations will be used to initiate a massive marketing campaign.
The video on the donation page says that if the deal doesnt go through the donations will be used to fund other initiatives, which are listed above, with the first one being Nano Ledger integration.
So since now the word is that donations will be used for Nano integration, does this mean there is no partnership?
- Again a valid concern as the XVG video states: No deal ==> Nano integration which yesterday was mentioned on all channels by the Verge Team. Of course one shouldn't exclude the other, but than this has to be adressed upfront correctly by the Verge team. The video on the donation page says that if the deal doesnt go through the donations will be used to fund other initiatives, which are listed above, with the first one being Nano Ledger integration.
So since now the word is that donations will be used for Nano integration, does this mean there is no partnership?
There is a huge list of little red flags if you look into it. Does it mean its a scam? No, but there are some really bad signs and flags that have to be adressed and its normally that someone is concerned. If there will be a big deal, perfect, whole Crypto community (not only Verge) will profit from it. If there is none or scam, the whole crypto community will suffer, one of the reasons non XVG holders are concerned as well.
My personal prediction? Let's say with all these warning signals this scenario posted on reddit is close to what i think:
Quote
I don't know of any contract or margin offer for Verge. But you can do a pyramid/hyip/ponzi and sell the invested XVG. When it crashes, re-buy it and return just what was invested. Make up some excuse for why there is no profit.
P.S.: The so called "hacked" ~35M XVG would perfectly fit into this scenario, as many claim it was an inside job.....The True? 2 days away ..... like the US tax deathline, both on 17th April
The whole story in 1 comment.
Good value here my friend.
Thank you for presenting the facts as it is so everyone should be aware of.
The red flags you talk about are speculation on your part as well as other fudders....It seems that most crypto investors do not understand how businesses operate traditionally....You all have a holier than thou preconceived notion that all cryptocurrencies must be totally transparent...but this just cannot be in the "REAL" world of business and partnerships...I see this as the huge problem and reason there is always so much fud about even the top altcoins even including btc, & eth....And its not a cookie cutter process for "ALL" coins/tokens how they form and organize their business and partnerships....IF a coin has been around for a long time and has a solid dev team...This in it self would be clear that they are not trying to scam people...and exiting with all the investors money...And if you are foolish enough to think that these coins/tokens can operate without money...you got to be dumber than a door nail...It DOES take millions of dollars to operate....You think the partnerships are formed without money???.....LMAO....You think the dev team works for peanuts???....LMAO....Sorry to inform you that the world still lives on Fiat...Why do you think btc whales keep dumping their btc for usd after they have pumped it?...
So your suggestion is that every coin should ask for donations about an IMAGINARY partner and fool investors by taking these funds on their own?
Are you serious or what?
Of course transparency is the solution for a healthy environment for the industry for every investor.
Only scams and the parasites of this industry have a benefit from a toxic environment like the one you explain above.