/biz/ - Business & Finance

DROP THAT BOMB, TRUMP

I'm a no neo coiner. Since you asked...

Neo seems to me to carry a very high risk premium at this point... Already pumped is one thing... Being clearly a state sanctioned crypto is another, especially when considering the effects of china's recent actions.

Personally I have been boycotting China for ethical reasons for decades.

You can guess what those ethical reasons are.

Fundamentally, Neo doesn't seem to have any inherent technological advantage imho. Pow is shit and has no future. Smart contracts are already available on the worlds largest computer (ETH).


Its technical team is unimpressive and seem to be handpicked for the purpose of looking good.

The fingerprints of the Chinese government are all over this project. State managed enterprises are on the rise in China and it remains to be seen whether the corruption that this entails can be contained without damaging the larger economy. The Chinese digital economy is a large but not majority proportion of global market as calculated by internet and mobile penetration.

Chinese economic growth is slowing, as Japan and se Asia is really ramping up. This is a red flag (no pun) as it appears that pboc is making unprecedented moves toward protectionism, and employing policies that were lar seen during the CCCP reign in the Soviet Union.

For me, there is no difference really, between peoples bank of China and NEO. The pboc had a balance sheet that exceeds the US FED by 4 trillion dollars.

I am not an economist, I have never held Neo and never will. I am not interested in FUD.

I've been in crypto for just 4 months, and remember NEO primarily as a shitcoin known as "antshares". An amazing run but nothing I haven't seen from even less promising coins. Vaporware, scammy slick promos, a name change, accusations of plagiarism, with a typing of weird crypto-fascist enthusiasm for a despotic regime. Pure greed all around. A pump and nothing more, I don't see this coin generating big returns or having a real future

A ridiculous new "graph" is making the rounds on Twitter and elsewhere

You might have seen it

It's a sort of pie chart where all the slices are different sizes and colors

And not radially distributed

And all the slices have indicators pointing to them with weird stats like, 0.023% own 1.16% of all BTC

There is no attribution

There is no reference

There is no corraboration

There is no publication

It's totally incoherent

It was created to FUD bitcoin, and it's promulgated by shills with active short positions

You uneducated mouth breathers.

Charitable foundations and non profits don't "dump" shares, equities, our Cryptos.

They manage assets like any smart manager. They hold a portfolio of assets for a very long

Repeat

VERY LONG

time.

These weren't dumped

They were LOCKED UP

NO OMISEGOFAGS BTFOED AGAIN IN THEIR OWN THREAD

>>3526698
It's funny because McAfee is literally the head of an organized criminal organization.