well i gave up already...no iota of belief in this BS... accepted my loss already... moved on

    
Letter from the CEO, Rune Evensen - December 2019

LINK:

https://medium.com/coss-official/letter-from-the-ceo-december-2019-9ad1c30496a7

COPIED FROM REDDIT



The Great Debate (Should you be worried about current volume?)

We all know that exchanges rely on volume and liquidity to gain noteriety and attract new users. Many exchanges (if not all at one time or another) utilize some form of wash trading to do this, though none would ever outright admit to it for legal reasons.

Unfortunately for exchanges with fee split sharing, WT becomes tricky business...

The purpose is to attract new users and investors, but most WTing doesn't generate fees, so current investors and in all likelihood the exchanges core user base end up taking a hit to their return on investment (ROI). This in turn generates tons of negativity and frustration, leading to FUD and wild accusations, scaring off most would be users and potential new investors, completely defeating the initial purpose of pumping volume in the first place.

Hence the title, Great Debate: Is it better to have large volume with low ROI in FSA or to have low natural volume but high ROI?

Well, COSS spent months at or above $5M volume, reaching as high as $10M... The FSA ROI and token price collapsed, trust was lost, wash trading and fud allegations ran rampant... Custom fees for a few large liquidity providers was said to be the culprit.

After all that time, we have little organic growth to show for it.

Recently, there has been a noticeable change in strategy, which has led to a dramatic drop in daily volume, and because we've been so conditioned to view volume as a metric of exchange quality and strength, many people are becoming concerned.

Luckily these changes coinside with an overall shift in market sentiment, where even major sources of exchange info like Coin Market Cap are shifting their focus on liquidity as opposed to overall volume (which is a much better metric of strength).

Hopefully the following points of optimism help shed some positive light on the potential future of the COSS exchange and ecosystem.

Though volume is way down from months ago, both liquidity and FSA ROI has improved and hopefully this new strategy plays out as follows:

1- Organic volume increases ROI in FSA.

2- FSA ROI attracts attention of potential investors.

3- FSA ROI remains consistently high as new investors jump on board.

4- Token price rises attracting even more attention.

5- Some new investors become active traders adding more growth to daily volume.

6- Word begins to get around that COSS has the best trading fees in crypto (bc THEY DO), attracting more and more big time traders who want to take advantage of the NEGATIVE MAKER FEES.

7- The steady rise of natural, fee paying, organic volume, FSA ROI, and COS token price attract positive attention and help to change market sentiment, opening the door to a wave of new traders and investors who had previously been on the fence, reluctant to join what was once seen as a “shady exchange.”

8- The next Bitcoin bull run and alt season arrive solidifing COSS' place as a top 25 (or better) exchange. 🤞🏻😉👍🏻

Okay, that last one is wishful thinking, but not far fetched if 1-7 play out as hoped.

This has turned out to be the worst investment i ever made in crypto ... I wonder if these guys ever gonna deliver something .... what a waste of my satoshis i put into this BS...

Well nobody seems to be interested in the news .... why? For the simple reason that everyone has been kicked out of the community ... the community is left only with few true followers (pretending to be maybe) and majority bag holders just playing the patience-game waiting to dump  ....

Hi there,

i can understand your worries as well .... me too i am very worried abt this project coz i also put some money in it ... at this point in time i do not know what to think or say about the project so i just have to sit back and watch what unfolds ... it is a black box for me right now ...

if you do not have the guts to stomach this uncertainty linked with buzzcoin i would rather advise you not to put your money in it ... There are other solid projects in the top 15 coin classification on cmc ... pick one there ... or just wait until details of the swap are released for clarity ...

The threats from Max you talk about are not new to me ... i experienced those also on discord when i bashed against the project and asked questions ... nowadays i do not use discord anymore ... it is censored alot ...people there are afraid to speak out their mind for fear of being kicked out ... ridiculous i find ... they always try just to say good things about Buzzcoin to please Max and the rest of the team ... what a joke...... criticisms are not allowed... crazy i would say ... so i just go to twitter or the website for updates

So many open questions regarding the swap ... and Max please do not say go to the website and read ... the infos on the website do not answer all the questions we have ... the questions you and your team do not want to hear ...

Like i said ... nothing anyone can do now ... sit back and wait for whatever comes out of the black box ..lol

Hello there ... if you are having beef with Max or Rogermayers whatever he is called then do that but refrain from associating my bitcoin talk account to anyone... i am brownie14 ....from my past bitcointalk history you would notice i have always been a strong believer in this project ... but honestly stopped posting here coz i got really fed up with the amount of time needed to do the swap ... at this point i do not know what to think or believe but i guess time shall tell ...

At the end we shall all know if max/rogermayers and the rest of the team was scamming us all or not ... as for now there is little you can do ... u can either just sell ur coins and move on or just take the risk .... i think i waited to long to back out now ... i am prepared to see the end of this ...

Hope everything goes smoothly as proclaimed by the team ....


There is an issue i find very disturbing at the moment:

- what happens if little or no one swaps to 5.0? no swaps to 5.0 means 4.0 stays at max coin supply or almost max coin supply with no encouraging reason to stake 4.0 ...
I say this because there are many here just waiting to dump this shit when it is out of the doge market ... i wonder who is planning to swap to 5.0 ... i am very worried about this ... many have lost confidence in this project ...

well i hope they prove me wrong ...


By the way ... i honestly think you have been propagating wrong infos in ur posts as well regarding the swapping ratios n conditions to 4.0 and to 5.0. I think rogermayers/max is right to actually say that ... did you actually read what was posted on the main website or you read but didnt understand? ... hmhmhm ... try next time to read and understand before going on a rant

Nevertheless i agree with you on certain things you wrote about Max ... he truly is not good for PR ...

Is this coin still alive? Ever since it got delisted from bittrex and cryptopia ... it went mute ...

Issue with mining attack?

so we could expect  massive sell-off ... get ready to buy cheaper....lol......most ppl from there already dumped their coins at cheap prices.....so mightbe there isnt gonna be much left to sell again though...

just guessing though

As of now staking is not important on this old chain ... just try to get as much coins as you can at these cheap prices and wait for the swap to BUZZcoin 4.0 (which is on the new chain ... ratio will be 1:1) .... After the swap you can then stake comfortably or even decided whether to do opt-in swap to BUZZcoin 5.0 or wether to stay on the 4.0 chain ... please read the wp 2.5 well ... it is full of tech details regarding all this ...

feel free to ask if you got any questions ... i will advise you to join the dicord channel ... there the team can help you with any questions ...

I only know as much as you do ...

Im also anxiously waiting for the swap and updated roadmap ...


Remember to
Invest only what you can afford to burn ...


Goodluck

I said it here many times .... allow fudders to fud ... they will never stop fudding ... The whole stock market and crypto are down and yet people still come and complain about BUZZcoin ... the team is seriously working behind the scenes and if you cannot join discord channel to follow up developments then you should better stay mute.

Going to the website and reading the whitepaper or content on the website usually helps at times .... i just cannot understand why people don't just simply go to a project's website and read before asking dumb questions or calling a project all sort of names ...

But i suppose this has always been a trend when the market goes red ... people get angry and say all sort of things ... esp those who bought very high .... i have seen this in many other projects ... when the prices are rising durng bullrun people are so happy and do not complain even with the most scammy projects out there having no use case ...... but when the prices start depreciating ... that is when they all start complaining ... blaming the team and calling them all sort of names ... this is a normal routine ... so it is normal to have fudders around ... Some fudd inorder to buy from weak hands when they become desparate and dumb ... so people have different reasons to fudd ... we see this all the time ...

Many people still call bitcoin and ethereum a scam ... So it shouldnt be any surprise when they do same with BUZZcoin ... ignore them fudders ... they are desparate right now .... i bet if the market makes a reversal trend right now and starts going up those same people calling BUZZcoin a scam will rush in to buy BUZZcoin ... but unfortunately at higher prices ... as always ...


If you wanna stay updated on this project ... go to discord ....
The Roadmap and whitepaper have not been updated yet ... That would be done when everything is in place ... Patience is the key if you want to survive in this sphere ...

If you are so desparate and feel uncomfortable holding on to the project then it is simple ... sell your coins ... there are many waiting to buy them now at these prices ...

Goodluck

Asian hornet sightings spark persecution of European species in UK

Cases occurred after confirmed reports of invasive species feared as threat to honeybee


https://www.theguardian.com/environment/2018/oct/03/asian-hornet-sightings-spark-persecution-of-european-species-in-uk

Bee inspired: why Oslo has put ecological riches at the heart of the city

Norway wants urban gardeners to cultivate wildflowers and keep hives to reverse a decline in biodiversity


https://www.theguardian.com/environment/2017/aug/26/oslo-meadows-biodiversity-bees-urban-gardeners

Pesticides could wipe out bumblebee populations, study shows

Neonicotinoid drastically cuts egg-laying by queens, affecting their ability to start new colonies and increasing chances of local extinction, say scientists



https://www.theguardian.com/environment/2017/aug/14/pesticides-could-wipe-out-bumblebee-populations-study-shows

How honey bee gut bacteria help to digest their pollen-rich diet

The honey bee gut is colonized by specialized bacteria that help digest components of the floral pollen diet and produce molecules that likely promote bee health. In a study publishing 12 December in the open access journal PLOS Biology, a group of researchers led by Philipp Engel at the University of Lausanne and ETH Zürich, Switzerland, have uncovered which bacterial species perform which specific digestive functions in the bee gut.

Read more at:


https://phys.org/news/2017-12-honey-bee-gut-bacteria-digest.html?utm_source=TrendMD&utm_medium=cpc&utm_campaign=Phys.org_TrendMD_1

Monsanto's global weedkiller harms honeybees, research finds

Glyphosate – the most used pesticide ever – damages the good bacteria in honeybee guts, making them more prone to deadly infections


https://www.theguardian.com/environment/2018/sep/24/monsanto-weedkiller-harms-bees-research-finds

For our german hodlers in here:


More than Honey - Bitterer Honig

Seit einigen Jahren sterben auf der ganzen Welt die Bienen. Über die Ursachen wird noch gerätselt, aber schon jetzt ist sicher: Es geht um mehr als nur um ein paar tote Insekten und um wesentlich mehr als um Honig, wie Markus Imhoofs vielfach preisgekrönter Dokumentarfilm "More than Honey" zeigt.


http://www.3sat.de/mediathek/?mode=play&obj=76803