Cryoto Research Firm
Dubai, United Arab Emirates
Joined March 2007
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Nets Research retweeted
Never forget what @ErikVoorhees did when he locked his early stakers into a contract (that wasn’t disclosed until later) while insiders dumped the Venice token.
You can see what happened next.
Nets Research retweeted
Never forget.
“The UI didn’t convey the 7 day cooldown, this was a mistake on our part”.
@ErikVoorhees @AskVenice
The UI didn't convey the 7 day cooldown, this was a mistake on our part. We realized it day of launch and added the message.
The only people weren't aware of the cooldown were those who staked in the first 6 hours of token existence.
Why does the cooldown exist? To disincentivize volatility in the staking rate, because this effects the VCU calculation. We wanted to disincentive the fast in/out stakers who move on every quick market whim, in order to better serve our actual users who need some predictability/smoothness in the staking rate.
Nets Research retweeted
Spotlight: @1000xAgent
This isn’t about the developers, it’s about smart money (with skin in the game) steering the ship.
That’s why we’re so bullish.
It’s being built by Avi and Jonah with all the built-in nuances that smart traders know.
Once people catch on to this (some already have), this goes 10x from here.
