Quote from: reffi on August 11, 2018, 03:10:19 PM

Well, it looks like they fuked up, promising 1 million tps is insane. The only people who can make such promise are without technical knowledge, the guy even admitted he just bought credits.com domain and then he got an idea to make crypto called Credits. Then they probably thought, lets hire 100 developers and they will create amazing technology quickly, unfortunately, the size of the team doesn't mean good and fast... So now they are firing people I guess, because they are burning through their funds and price is plummeting.

The only thing they can do now to redeem themselves is to at least provide a speed test of 20K+ tps to at least compete with VISA, that should make some price movement hopefully. The market is super bearish indeed, and any negative news hurts the project 10 times more.

You are absolutely right, that's just a VISA as far as I remember 56K+ tps, and the situation now will be very unpleasant, especially for investors, at least waiting for a decent and detailed answer about the state of Affairs from the official representative of the company.