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/biz/ - Business & Finance

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16293496 No.16293496 [Reply] [Original]

Bought a bag... Is this a meme coin? Am I fucked?

>> No.16293712
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16293712

>>16293496
>Bought a bag... Is this a meme coin? Am I fucked?
It's making higher lows and they know their token economics is a problem.

It could be amazon in 2002

>> No.16293787

>>16293496
is it still closed source?

>> No.16293792

What's the point of HH over using a private blockchain like hyperledger, or an AWS server for that matter? The whole point of the exercise for public blockchains is trust minimization and censorship resistance.

There are loads of BS enterprise blockchain applications which are undertaken to surf on blockchain hype. I'm sure they'll attract some of those. I'm sure many people will think it's relevant in the medium run. In the long run, the BS applications will die off.

>> No.16293864
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16293864

lmao

>> No.16293867

So yeah, its basically a scam and it goes against everything crypto stands for. Only vc and accredited investors where able to buy this for a long time, and they got in at a much lower price than it is now.

>> No.16293887

Yes, you are fucked.

Met their business development guy, Kyle Armor. He is a cunt and the product is shit.

>> No.16293920

>>16293496
VC scam, get rekt.

>> No.16293953

>>16293712
>they know their token economics is a problem.
You think they give a shit? They already made their fortunes off of this, all that's left is the long game of slow motion exit scam

>> No.16293960

>>16293496
>Bought a bag... Is this a meme coin? Am I fucked?

>t. boomer

>> No.16293987

>>16293496
So glad I didn't buy this bullshit..

>> No.16294256
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16294256

>>16293496
I’ve been steady buying small amounts and I’m here to tell you: it fucking sucks

Sorry man. I’m with you.

>> No.16294275
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16294275

>>16293867
Damn. Oh well. Guess I won’t be holding my breath on this shitpile

>> No.16294414
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16294414

>>16293953
>You think they give a shit?
Yes they hold 98.7% of the supply
>They already made their fortunes off of this, all that's left is the long game of slow motion exit scam
yeah I don't think that is the case.
there might be a long way down for the price but companies actually use the network to write data into such as ad exchanges. Also they own most of the tokens in the network.

>> No.16294455

>>16294275
Yeah, how are you gonna make a cryptocurrency that supposedly is for the people, when professional vc investors can invest many months in advance. And they have a centralized counsel made up of business guys making all the decisions

>> No.16294488

>Buying VC shitcoin bags

Anon, I...

>> No.16294643

HA
if you wanted to make a but muh DAG play you should just buy Ferrum. Buy the bottom anons, not the very fucking top.