Quote from: Abiky on September 09, 2024, 11:55:11 PM

Quote from: Webetcoins on September 07, 2024, 12:28:24 PM

I think no. Polygon or POL now must still be owned by the same team but may be yeah that they might be getting a buy offer because they are one of the best performing cryptos in this market and one of it might be ETH. I don't only think that POL will agree to it because like I said earlier, they are already doing well and are earning a great income. They can also earn more passive profits if they still have their project, than if they sell it and get one-time big-time amounts.

Anyway, my thoughts about Polygon is that it's great that they are continuing on improving their service to the public. This should give them another positive impression and can make their price rise more. I didn't really pay attention to what their update is all about but even if I do, I think I won't still understand it lol. The only thing that I can say is that it must be one of a kind that it leads them to change their name.

Isn't Polygon Labs a non-profit organization? Even if it was a company, the Ethereum Foundation is not. Since when crypto is all about companies? When you associate crypto with a CEO of a company, that's when you've forgotten about its true meaning. Crypto would be no different than traditional stocks. I'm afraid this is the way the industry is heading into. And we can all blame VCs and "Wall Street" for that. Polygon will still be Polygon no matter what. Assuming it stays true to the principles of decentralization and censorship-resistance.

altcoins has long become VC playground literally most of projects nowadays exist because VC funding otherwise the founder won't even bother creating projects, it's always money that they're after, this is why sometime people consider altcoin to be just VC coin and I think it's no different with this acquisition if it's really to be happening in the future.

that's why the true investment for crypto will always be bitcoin, even institutional investors know this and always put big chunk of money to bitcoin instead of diversifying to altcoins, they won't be buying things from altcoin because they know it's just VC's scheme.