/biz/ - Business & Finance

This is playing out very interestingly. I'm actually glad I still have Hex staked.

The man has 1.138B USD in ETH. As we can all probably agree, ETH is going up so he should be a multi-billionaire relatively soon.

Would he really burn all of the people holding Hex and his baby just to have more Hex that he can dump off? This seems so unlikely, I just don't see enough motive.

I see two scenarios:

1. He really does just fuck everyone over, which seems incredibly odd considering he'd be destroying his project and credibility.

2. He's going to burn the coins by emergency unstaking. In this scenario, the tokens are burned forever and the OA has nothing, which seems fair.

Can anyone expound? And does anyone know how long the OA just staked for?

There's a meme picture taken from some magazine/newspaper that has a graph showing "times of plenty/times to make money" vs 'times of hardship" or something like that. Iirc it was like every 12 years or so.
Has anyone it??