Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
StandingTall
on 15/12/2019, 11:15:15 UTC
I wonder if this price decline is not excacerbated by Tony himself.

How are the costs of running the project covered? We see some people hired so there are wages to pay.
The project has no revenue streams so the only conclusion is that the costs are covered by selling the remaining stash of GB. As the coin cap is very small and liquidity almost non-existent any sells by Tony drive the price down heavily.

There's still 27% of all GB to be dumped so there's still plenty of room to go down.
I wonder if the project will not die off after no more GB are left to sell.
It will be a moment of reckoning for the project.