Quote from: drays on Today at 04:03:45 PM

Well.. its their game, they read the rules, they agreed to play. Let them play and enjoy the ride.

I think anyone who chooses to play a game should know the rules. One of the most common responses through this thread was basically "I'm not smart enough to understand that". So I think an exploration of the rules and a more-through breakdown of them is fair. One of the biggest fundamental rules of any coin with a mint function is the initial liquidity crunch price spike. DAM attempts to elongate this crunch by incentivising locking for FLUX, and burning FLUX to get more FLUX. This may maintain the liquidity crunch and price spike for longer, but you've been in the altcoin game long enough to know where it lands 99.7% of the time.

Quote from: drays on Today at 04:03:45 PM

What will be the result of the game? The FLUX supply will inflate, for sure, it will lose value to some point. That's clear, and that's inevitable, as the supply still grows fast. Will it find its final balance at zero..? Maybe it'll do that like 99% of altcoins in the market, but definitely not quite yet.

The result of the game will be that FLUX and DAM are likely to continue bleeding value until they're able to create and successfully market a compelling enough use case (hint: burn FLUX to get more FLUX isn't a use case) that attracts new market entrants to support the price.

Quote from: drays on Today at 04:03:45 PM

It might take few months or years, or may never happen, as it highly depends on what the developers will do next with the project.

They could start buy honoring their bounties and patching bugs:
https://librehash.org/auditing-the-flux-smart-token-contract-major-vulnerability-found-5-000-bug-bounty-denied-with-team-also-refusing-to-acknowledge-or-patch-part-one/

SmartContract vulnerability could be a big deal and is one rule that's very much worth keeping in mind.

Quote from: drays on Today at 04:03:45 PM

In any case, one intentional result of this process will be the distribution of the coins, which is essential for any crypto project. If the destribution is wide enough, if enough people are amused by the game, and if the developers drive things forward to a next step (which should give additional value).

Based on my analysis, I don't think this project will go anywhere. It's really quite likely that no major exchange will touch them just from a risk perspective. CTFC is going after exactly this type of project: https://www.sec.gov/news/press-release/2020-153

Quote from: drays on Today at 04:03:45 PM

One side note: you participated in the BWK game (owned masternodes AFAIK), but refuse to accept DAM game. Whats the big difference? BWK was aslo a "lock your BWK to get more BWK" game, wasn't it?

Yeah, I played that game and saw how it worked out, so I didn't want to play again. I also wanted to make sure anyone deciding to play this game could have a better understanding of the rules.

I'm glad you enjoyed the dialogue