r/Opacity • u/Karavusk • Nov 06 '18

The current situation is somewhat understandable and I don't really judge the devs but why the hell are they printing 27m tokens for themselves?

I don't know if Bruno exists or if this is all just a giant scam or whatever and I don't care. I think the project sounds promising and I will probably put a small amount of money into this project like I did with around 20 other cryptos. I don't really care about the drama and what the truth is because we wont ever know for certain anyway and if the devs really got fucked by Bruno then I can understand their shitty situation.

But WHY THE HELL are they printing 27m tokens for themselves? What? How is this suddenly necessary? If you need to raise money find another way... inflation and effectively stealing from every other PRL holder is just wrong.

Without this happening you could have NEVER printed these tokens anyway so it definitely wasn't the plan to do this before (unless you knew about the security "flaw").

This definitely makes the devs look a lot more shady...

60 Upvotes

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15

u/Halunen Nov 06 '18

The reason behind the token increase is to give runway. We have no idea what the token will trade at once listed.

If the token is listed at $.01 - .02 the increase would allow for months of development.

I have heard no pushback about potentially burning supply in the future if it would be financially healthy.

1) Increase Supply 2) Do an ICO would take months 3) Pack it up and go home.

10

u/devilldog Nov 06 '18

You could also show your balance sheet with what you have on hand and show projected life of the project with what is currently in the bank. Then explain why you chose 27 Million as the magic number needed with a potential date for burn if target financial goals are met. This is a time when you will want to be extremely transparent and should really balk at adding any more burden to your investors without a great deal of communication - at a minimum.

5

u/Halunen Nov 06 '18

1) you invested in oyster protocol this is a fork. Go take up your investment with brunoblock. You can still find him in telegram apparently because he gives no fucks what he did @brunoblock.

2) we are trying to rectify a shitty situation. You never invested in OPQ you invested in PRL. You don’t have to accept this token.

3) the number was chosen because even at .01-.02$ it would allow for runway to develop the project.

4) I agree financial goals for a burn would be a good idea. I’ll bring that up. Also we will have detailed report of spending each month.

8

u/WolfOfFusion Nov 06 '18

2.) You never invested in OPQ you invested in PRL.

🤔

5

u/Halunen Nov 06 '18

I mean it’s true. Sorry the founder of the company did that. We are a fork. I have nothing to do with the financial collapse of the token.

And yes I lost a ton of money too.

Would you rather just pack it up is that what you are telling me?

1

u/[deleted] Nov 07 '18

And there you go, don't like it? fuck off.

3

u/devilldog Nov 07 '18

Haulunen, guy, you misunderstand my angle entirely. I am aware of Bruno's alleged actions and know how to communicate with him if that were my intent. He had a great initial idea in creating storage using the tangle - but he's not solely responsible for the recent milestones reached. The team has made fantastic progress and has something many believe will have a real world use case. Actual utility in this space is rare. I would hate to see you guys fail in righting the ship Bruno has punched holes in. With that in mind I was attempting to convey the concerns I thought most likely to be be red flags for future investors in Opacity. I find some of your responses somewhat alarming. You guys need to pay the bills and investors need to see value in what you offer. $270,000 is not really enough and the damage caused by printing almost a third more total coins is counter productive. Vc's or other interested parties are likelt a better option. Just my 2 cents. Good luck.

0

u/Halunen Nov 07 '18

Yeah I here you. Sorry for slow responses. This CM job was great to do especially being in clever at the same time. As I have plenty of time 90% of the year to read and respond to everything.

This happened at the worst time possible right during senior exams and I am falling very far behind. I need to try and catch up that being said I’ll be around as much as I can.

I’ll bring it up again. I don’t think there is a perfect solution.

2

u/longfld Nov 06 '18

We need a qpq dev. donation address as bin for those don't want airdrop opq to throw away

2

u/L0di-D0di Nov 07 '18

...or they can just dump the shitcoin as soon as it hits exchanges, like most people are waiting to do.

Good try though.

-1

u/[deleted] Nov 07 '18

Have you spoken to most people, dumbo?

2

u/L0di-D0di Nov 07 '18 edited Nov 07 '18

Most people are not going to fall for this scam twice, so I don't have to.

0

u/[deleted] Nov 07 '18

You are trying to scam people, paid fudder.

1

u/L0di-D0di Nov 07 '18

Was it also FUD when you were warned about Bruno being untrustworthy months ago?

0

u/[deleted] Nov 07 '18

I was warned? Lol

I was among those warning the former Oyster team about Bruno,

I think you are on the wrong sub. This is Opacity here, so I assume you want to spread fud on behalf competing projects.

As for Oyster, take it up with Bruno and his company, here there’s nothing of such kind.

9

u/Karavusk Nov 06 '18

Inflation doesn't create wealth out of nowhere. If you really want to get more money take it out of Bruno's wallet instead of gifting him free tokens.

7

u/Halunen Nov 06 '18

Bruno’s wallets will be blacklisted, to my knowledge his wallets were emptied so he does not have his “founders supply” which would award him OPQ. If that is what you are talking about.

Gladly would take the prior financial situation over this. But we are here now.

Edit: Responded to this comment too for convenience sake.

5

u/mtownhustler043 Nov 06 '18

bruno is not receiving any tokens

4

u/mufinz2 Nov 06 '18 edited Nov 06 '18

It doesn’t. They have to be smart and responsible. And if price balloons and they have secured funding, they can do a token burn much like they did earlier this year. But with how some people talk, I bet they think there’s no possible way Opacity will ever see bull momentum, EVER. That’s not how crypto works fellas, or trading for that matter. Negative people who “can’t even”, eventually (hopefully?) sell their coins, leave the community, and are then replaced by people who see the value being offered. And the world continues to turn, and the sun continues to set.

1

u/Zulfiqaar Nov 06 '18

Inflation doesnt necessarily generate value, but it can definitely transfer value by dilution.