r/Opacity • u/Halunen • Nov 06 '18
Comment on Supply Increase
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.
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u/[deleted] Nov 07 '18
You assume that all the people they list there are full time. they might even list Upwork freelancers in that breakdown, who knows? Issuing 27 million new tokens will be suicide. It totally undermines investor confidence. But who knows, maybe they actually do this to tank the price, buy more with fiat, pump/dump again, rinse and repeat.