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

/biz/ - Business & Finance

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52776087 No.52776087 [Reply] [Original]

So why did they decide to scam everyone?

>> No.52776117

Is Eric's Twitter following number a racist/link dog whistle?

>> No.52776802

>>52776087
Johnny said it wasn't sustainable i.e. ponzi

>> No.52776812

>>52776802
Why wasn't it sustainable?

>> No.52777012

>>52776812
They didn't say. Either it was actually sustainable and they are just being greedy or it wasn't sustainable and that means it was a ponzi.

>> No.52777038

>>52776812
Apparently the node revenue was not enough to cover the operational costs

>> No.52777076

>>52777038
they also said the were not making money from NAAS. which is fucking retarded considering you could only do it on a test net and staking wasnt live.

>> No.52777101

The pool was closed

>> No.52777185

Nobody was buying his LPL tokens anymore so he decided to fuck the old investors in the hopes of getting new retards in the future under a new name, pulling in other nodes and fucking their reputation too.

>> No.52777236

>>52777185
i reckon they went to sell their product using lpl and then the other nodes and maybe chainlink told them to fuck off as there would be neets sitting their clipping the ticket
so they had to choose between low or no adoption of their staking protocol and us
then i'm sure they wanted to get rid of the revenue cut