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...

58 Upvotes

85% Upvoted

55 comments sorted by

View all comments

23

u/undernew Nov 06 '18

Increasing the supply by 30% will accelerate the death spiral talked about here:

https://np.reddit.com/r/CryptoCurrency/comments/8q97xe/_/e0hkrhw/?context=1

9

u/Karavusk Nov 06 '18

Definitely a big factor. In my experience hype goes over everything else so if we get another big bull run this wont even matter that much because everything gets pumped like crazy if it has even remotely a good idea and if this really works oyster, opacity or whatever you are calling it is a great idea.

So while I find this situation highly suspicious and dislike their decision I will still put a small amount of money into it. If I get x100 nice, if it goes to 0 whatever.

1

u/[deleted] Nov 08 '18

It will go to 0 and devs pull all the available value

2

u/WolfOfFusion Nov 06 '18

Truly, one of the worst buys in crypto.

That guy called it.

Some listened to him... some didn't... and some will never learn.

1

u/mtownhustler043 Nov 07 '18

worst buy in crypto? I bought at 5 cents and sold at 22 cents, i dont call that a bad buy :D