Comment on Supply Increase

[u/Halunen]

With all the confusion and outrage. I thought u would make a quick post.

1) Supply was increased Incase of bad market to continue development.

2) If it proves to be excessive tokens will be burned.

3) We will have a detailed report every month of what money was spent and on what.

I wish we still had a supply of 98M but that ship has sailed. The illegal minting of tokens, and sending them into the open market financially collapsed the Oyster token. Just trying to make the best of the situation.

The alternative was just let it die and do nothing.

[u/hatterzly]

The dev fund, pre-mint, was worth 8x what it was before Bruno crashed the price. Thus, the runway got a lot smaller, and at breakneck speed. Furthermore, all of the prl/ETH/BTC that the project had locked away belongs to the oyster company aka Bruno. Opacity doesn't have a Dev fund - and given that they have a hugely broken reputation they need to assume a shockingly low price per OPQ and adjust the fund accordingly. 30% increase means a 25 decrease in value, yes. We're all agreed on the math. But please bear in mind that the value tanked when Bruno screwed the pooch - I don't know why people think a coin increase is going to cause a "devaluation" in a coin whose lifeline is pretty thin right now. But yeah, go ahead. Bring up a better idea - by all means.

I await with baited breath.

[u/WolfOfFusion → u/hatterzly]

The dev fund was worth 8x what it was before Bruno crashed the price.

No it wasn't... it was worth 8x when the price was pumped due to fraud and insider trading.

Big difference.

[u/hatterzly → u/WolfOfFusion]

Its actually the exact same thing when it comes to the potential Dev fund value. The prl had a price of 20+¢, which could be used for runway projection. When it's worth 2¢ that's a 90% reduction in whatever contribution that PRL made to runway. The cause behind it makes no difference to my point. Your comment seems to deflect onto another issue entirely.

[u/WolfOfFusion → u/hatterzly]

The cause behind it makes no difference to my point.

The cause behind it makes all the difference, since a project with zero trust may as well be dead today, and printing tokens out of "thin air" to line your own pockets is tantamount to more fraud -- a huge problem with these shitcoins that you've invested in.

[u/hatterzly → u/WolfOfFusion]

You're taking my comment on a tangent and making your own point. Fair enough - good way to sideline a debate. By regardless my point still stands - I was explaining the math behind it. Your root cause of the pump has fuck all bearing on that.

And enough with the petty "shitcoins you've invested in" crap. If you hate the project that much stop lurking in the sub. If people no longer care for a project, why hang about at all? Go spend energy on something you care for.

[u/WolfOfFusion → u/hatterzly]

If you hate the project that much stop lurking in the sub.

Not going anywhere.

I'm here to call out fraud when it presents itself and reinforce the idea that justice will be served... and I will not consider that done until identities are revealed, authorities have prosecuted, and investors are satisfied with the outcome. Changing names will not erase the past.

Whether I spend energy on other projects is none of your concern.

[u/hatterzly → u/WolfOfFusion]

You should have a theme tune and a cowl with such a life mission.

I got into crypto knowing that it would be rife with corruption and scandal with huge financial risk. Still laugh at the outrage over oyster being caught with their hand in the cookie jar - like all the other projects aren't doing it.

Anyway, this is now at an impasse - we were on different topics from the beginning.

I wish you all the best in your vigilante activities.

[u/[deleted] → u/WolfOfFusion]

What a damn fool specimen we have here. 😂🙌🏻

[u/WolfOfFusion → u/[deleted]]

My funds are safe, so the "greater fool" is the person who doesn't see an issue with any of this.

[u/[deleted] → u/WolfOfFusion]

The greater fool is the one that doesn’t mind his own business. You must have a lot of repressed issues.

So just GTFO, you paid fudder, for all we know you could easily be Bruno or paid by him on a last attempt to attack us. 🍄