Post
Topic
Re: [ANN] SophiaTX Announcement - The Blockchain for Business
by
Firespirit666
on 30/08/2018, 09:37:01 UTC
What are the answers to these questions?
1)   Why did Cobinhood and Coinfalcon decide to implement the swap, after agreeing to participate on the swap first? Maybe because of the excellent design and execution of the swap by SophiaTX team?  
2)   Is there any token swap in blockhain history where an exchange announced support for a swap and later on rejected to participate?
3)   Do we agree that the token swap was a poorly organised and executed and can be decided as failure?
Even the chief shiller on twitter called the swap a debacle:
https://twitter.com/cryptobuffsaur/status/1022170072016666626

Do we agree as well, the sentiment, scanned by trading-bots, on twitter is pretty negative now about SophiaTX and the swap execution?
https://twitter.com/crytolee/status/1015330652357562371 -> Here they claim exchanges will do the swap!
https://twitter.com/rustam_entrp/status/1021810606360420352
https://twitter.com/Pubic_hash/status/1025017812794916864
https://twitter.com/mr_crypto9/status/1034430303119519745
https://twitter.com/cryptodildo/status/1022063127532396547

4) Why does it take so long to implement the mainnet for the exchanges? Any references benchmark how long this took for other swaps or tokens?

The swap did not run smooth for several reasons. We can easily agree on that. Your questions and random negative twitter comments are pointless.

Kucoin opened withdrawals/deposits today btw. Many token swaps took weeks, I dont see how the SophiaTX swap is far from the mean.


SophiaTX has no responsibility or control over its own tokens? No control over the swap? That doesn't sound very promising.

You don’t seem to understand what trustless, a fundamental concept, means in blockchain. Part of what it means is no gatekeeper can arbitrarily seize assets like SophiaTX has done. One could make an argument they aren’t even a blockchain company just a slow database masquerading a blockchain because is trendy.

Porting over on steroids all the shady dealings and fraud of the current system isn't an improvement and is not what blockchain is about. At least not for most who got in before last summer's pump and dump Lambo dreams crowd.

You don't seem to understand where the responsibilities lie. I never said that they have no control over the swap. I said that they have no control over seperate entities, i.e. exchanges.

No arbitrary seizing of assets has been done by the SophiaTX team, whether you like it or not. The rules for the swap were clearly communicated weeks before the snapshot and did not change.