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

/biz/ - Business & Finance


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17992089 No.17992089 [Reply] [Original]

Why Ocean Protocol is horrible investment?

Quick Summary:
* Token isn't needed for Enterprises / consortiums
* 20% inflation
* Token is only needed for public marketplaces for AI which there isn't going to be a lot of demand for anytime soon as AI itself is so early yet alone the regulation and companies feeling comfortable in selling data publicly in a marketplace, it will all be private in consortiums such as Mobi etc where they don't use a public marketplace and hence don't need to buy the token.
* Runway of around 12 months yet further 2 years until the foundation tokens unlock (plus they have already changed the vesting periods already so may do again)
* Staking model is flawed:

Your staking your ocean tokens in exchange for drops (each dataset has their own drops token). How are you going to know which dataset to stake without actually being a data scientist to be able to determine whether that dataset is valid or not?

It's literally going to be full of pump and dumps, someone creates a fake dataset, shills it to everyone, make it look popular (who get the most favourable rate on the yield curve), other people stake their tokens at a less favourable rate and the initial investors with the fake dataset exit at a better rate and everyone else is left holding not even Ocean but a derivative of Ocean lol.

People can also just copy the dataset and republish it as their own, making the staking pointless as well. Really just adding a lot of complexity with an awful lot of flaws.

Don't forget that the only reason why Satsgang members have arrived in Ocean + Baghunters channels is that Ocean team released a new video and shared it exclusively for them so that they would buy in befor others and help them to push it once the official release will happen. Many active members have that video already and use it and trade against all the plebs here. Ocean is a big scam. Even bigger than DAG.

>> No.17992115

I also think that Ocean will announce a new exchange and have released that information for Satsgang + Donnie as an incentive to buy and help to push it as they can't because SEC would murder them. This is blatant insider trading and manipulation. Do not touch Ocean. It will dump AT LEAST -50% from here after this PnD is done.

>> No.17992117
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17992117

Didn't even read that gay shit LOL

>> No.17992141

>>17992117
That's your choice. I'm sure that smart anons will appreciate it and read it before making investment decisions. Enjoy getting dumped on.

>> No.17992296

What he is doing is horrible for this space. He is manipulating stupid plebs by advertising his PnD scams as a longterm investments. He makes their mediocre FA to sound like the best FA ever. It's all his stupid marketing bullshit which plebs buy. All those projects are mediocre at best. It's always the same style. Don't fall for these shitcoins.