Post
Topic
Board Tokens (Altcoins)
Re: [ANN] (DAM) Datamine Network - FLUX: Time is Money 2.0 - DeFi DApp
by
NationalPotato
on 13/07/2020, 03:26:38 UTC
Stop sniffing whatever it is you are sniffing.

To confirm your explanation of this:  Rank 10 is because you've been such a frequent participant in the server that the bot managing ranks has  promoted you to the highest-participating rank.   The "Marketing" distinction is one you received because you asked to be more involved in Bulwark's marketing.  For the sake of clarity: do you have any administrative privileges within the DATAMINE server?

I'll keep sniffing around the margins.  This entire project stinks.  Stinky stink is what the current odor is.  I hope it improves. I'd love to see whatever necromantic magic that's attempting to revive the fetid corpse of a failed shitcoin to actually succeed.  Could you imagine how promising of a model this would be going forward?  There are SO MANY failed shitcoins.  If "they" manage to convert this one into a successful ERC-777 token, imagine the market opportunities moving forward.  There are multitudinous suckers to bag with heavy burdens to carry forward into perpetuity........

If you don't like DAM or don't like what the devs are doing, you don't have to be here. If you want to "protect" people, you can also do that in hundreds or thousands of other threads, particularly the ones who actually asked for money in the form of ICOs/IEOs or similarly.

I was happy to inform the devs their coin didn't pass the sniff test in a more private forum. They banned me for it.  So, no.  I won't leave.  Neither you, nor any other respondent, has managed to assuage my concerns that FLUX's primary mechanism of burn N FLUX and get N+X FLUX in return is deflationary. 

Since my initial post, FLUX's value has fallen from $16.69 to $5.42.  That's nearly a 70% decline in about 55 hours.  Maybe my primary critique of the project has merit?  If you disagree, perhaps you believe the current price of FLUX is advantageous to your long-term financial best interests and buying would be a prudent choice?  Put your money where your mouth is.  Got an ETH address you'd be willing to demonstrate ownership of, and then demonstrate purchasing FLUX with?

DAM has fallen 20%, from ~$.17 to ~$.14.   I expect this trend to continue.  As more BWK bagholders become disillusioned with the prospects of succeeding with this project, they'll likely dump out.  FLUX's only use case currently is to.. burn FLUX for more FLUX, so there's not really a reason for DAM to onboard more users.

As to why you did not join the swap, well, you did say you refused to participate. So you still have your BWK. That is fine, that is your choice.

So is hanging around and making sure my concerns are addressed (or not).  I won't just go away because you're nice (you are and I like you and appreciate you for that).  I'll leave once someone offers a reasonable economic explanation for how the FLUX burn mechanism (FLUX's only know use case, currently) is beneficial to the economics of this project.  I also laugh, out loud, at the assertion that there's some underlying demand for people to want to hold FLUX.  That's the most absurd, obtuse, outright developer-obsequious notion to be suggested in the better part of the last few years.  I've got a few Crypto "bridges" to sell, if you're interested in buying.