/biz/ - Business & Finance

>Kleros Sirs, why is nobody talking about this?
-Clement changing tokenomics at will, which enriches him, his friends, and other sybils registered in PoH at the expense of PNK holders
-Whitepaper falsely advertising an idealized system while the devs built something that was not functional and would lead to financial losses that were not supposed to occur
-Team misappropriating cooperative budget to host parties and travel for pleasure
-V2 release date deliberately lied about to the community repeatedly (Clement says this is so devs work more urgently, but ultimately this just misled countless of investors)
-Staking rewards not delivered on time as promised, causing financial loss to investors. Staking rewards delivered manually and anywhere from 1 to 7 days later than promised.
-Team having more tokens than the amount staked in general court, meaning they can collude on any case they want; team refusing to disclose personal wallets
-A majority of cases are either mirrored photo cases on Proof of Humanity which the team intentionally obfuscates rules of registration on the front end to trick people into breaking rules, or frivilous cases made by Clement or others in order to silence others or artificially boost case count

ERPNF to the moon long. It's a great long term investment, but its short term price action should be excellent as well. Consider how Piedmont, Lithium Americas, Core Mining, and other lithium resource companies have experienced 200-400% returns, despite being further behind in development and lacking a strategic location.

While the concept of Parsiq may have potential, there are several characteristics of the product that make it a bad investment.

First, there is no indication that the product is gaining traction in the market. According to the whitepaper, the platform has only been recently launched, and while there are some early adopters using the product, it is unclear whether these users are staying consistent with the platform or dropping off. Without a steady user base, it is difficult to predict whether the platform will eventually become successful, making it a risky investment.

Second, there is very little information out there about the product. While there is a whitepaper and a website, Parsiq lacks a large amount of public information and marketing materials, making it difficult for potential investors to learn all the specifics and evaluate the investment opportunity.

Third, the product is not backed by a large, well-known company. While the company does have some large investors, the majority of the investments have come from smaller, lesser-known entities. This casts doubt on the stability of the platform and its potential for long-term success.

Fourth, Parsiq’s focus on data storage and access makes it vulnerable to competition. As the cryptocurrency and blockchain markets become more saturated, other solutions for data storage and access will become available, making Parsiq’s product less appealing.

Finally, the platform does not seem to be open to different types of users. According to the whitepaper, the platform is only available to businesses and corporations, making it inaccessible to the majority of the population.

For these reasons, Parsiq seems to be a bad investment. While the product may have potential, the lack of traction, information, and support from large companies, as well as the vulnerability to competition, make it a risky investment.