MorganTorbians

🚨 Altcoin prices are fake? And this could launch them to the Moon 🚀 The power is in your hands. The market looks oversold 📉 - but most selling isn’t real. On many exchanges, you trade IOUs, not actual tokens. Withdrawals = reality check ✅ If the exchange isn’t fully backed, they may be forced to buy tokens at any price 💥 - potentially triggering a Price Shock? 📈 and accelerating altseason 🚀 ⚠️ If the exchange lacks sufficient real tokens, the next altseason could happen without you. Self-custody 🗝 isn’t ideology - it’s a market audit. 👍 Like if you self-custody 🔁 Repost if your funds are on an exchange and you plan to test withdrawals Not your keys - not your coins. 🛡

Vitalik, the founder of Bittorent (@bramcohen), created the @chia_project, which could be a basic tool for preserving the principles of decentralization. But the community and I believe they need help, primarily financial. They are forced to sell pre-farmed coins ($XCH) to pay their developers, which puts pressure on the coin's price. In turn, the low price of the coin affects the engagement and motivation of farmers, who determine the project's degree of decentralization. And, of course, it's declining without sufficient funding in such a difficult market: xch.farm/compressed-netspace… They also have technical errors that led to the collapse of the Nakamoto coefficient, but Bram Cohen plans to address this issue with a major update soon: xch.farm/decentralization/ CEO @hoffmang has chosen the tactic of "We're doing fine, we're selling pre-farm coins to Americans," instead of establishing communication with current market leaders, like you, and finding a solution, instead of mindlessly withdrawing any liquidity: xch.ninja/ Perhaps you can help them, if not financially, then perhaps provide valuable recommendations on how to proceed in the current situation? I would ask members of the Chia Network community to express their opinions on what's happening, because the @hoffmang is out of touch with reality and seems oblivious to the growing discontent in the community: xitter.cf/hoffmang/status/200896…