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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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11126620 No.11126620 [Reply] [Original]

What happened?
This was promising
Was it their bad management? A community with an extremely small attention span that wants everything to be ready immediately? Is it just too early? Will LINK fix it? Or is it just a heap of poo?

>> No.11126670

Needs LINK to work

>> No.11126672

>>11126620
Many problems and you basically know the answers when you ask those questions. The community is only responsible for hyping it up so much, in the end the project was average at best and not a "gem". The realization of this fact explains the extreme retracement and no not every project did a -98%. It won't reach ATH anymore imo. It will be like their first project, cute little idea and got the attention of big players but in the end a cute little idea.

>> No.11126695

>>11126672
But it’s still pretty much in a beta right now.
It can’t really reach its full potential until fiat integration comes, if it comes at all

>> No.11126700

>>11126620
you just need to wait

>> No.11126702

Idk but I hold 100k because I am a sophisticated investor

>> No.11126724

>>11126695
What you apparently fail to realize is that while the platform they're building might be marginally useful for the industry, the shoehorned token is not.

>> No.11126734

>>11126724
Can’t that be said about almost every coin?

>> No.11126748

>>11126724
Basically this. The token burn is a meme and a glorified ponzi basically. No one will hold it in the long term because there won't be a reason other than that it is supposed to become more scarce, that's not enough for a stable ecosystem. Many other projects like LINK give their token actual value because you will be able to do something with them.

>> No.11126784

>>11126724
>>11126748
lol and here comes the link suck off. friendly reminder sergey holds all your shitty link

>> No.11126870

>>11126734
No.
>>11126748
It's not a ponzi scheme, but a fundraising token, which gives the "investors" nothing in return. If the apps prove to be useful, they will be copied and integrated directly into the blockchain.
>>11126784
Try an actual argument, bagholder.

>> No.11126957

>>11126734
>Can’t that be said about almost every coin?
Scratch my previous answer, I didn't read your post properly. Your question is dumb and too broad to answer in a single word. Yes and no, depends. It's a cashgrab like most of the crypto.

>> No.11127082
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11127082

>>11126670

LINK needs REQ to justify its existence.

Check mate STINKIES.

>> No.11127353

>>11126748
Even if REQ is only moderately successful (a few million in transactions per day, like 0.1% of PayPal), that will still put the token well above $2

It's a risky buy, but there's not a lot of opportunities elsewhere right now