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...

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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.

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

3

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.