
Being a cuckold on @AbstractChain for two years
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Joined August 2014
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I'll leave this here as proof that I'm a certified on-chain retard.
Spent almost 2 years on @AbstractChain and left with absolutely nothing.
The end of the story: xitter.cf/Breezeonhodl/status/19…
Luca Netz said they can TGE Abstract at $2-3B FDV tomorrow, but they will try to $20-30B FDV
Reality: Abstract wind down, FDV - $0
Luca Netz claims that Abstract Chain was expensive to build. But where exactly did the money go if there were only a couple of people on the team? Meanwhile, users spent $20k to $30k each. You know the rule: if money leaves one place, it arrives somewhere else. Think about it.
But you can't just erase two years of history. Just ignoring everyone and keeping completely silent about what's going on. Running a quick 20-minute AMA and then ghosting everyone? Yeah, it doesn't work that way. You might get away with it for now, but the internet never forgets.
My experience with @AbstractChain or @pudgypenguins or @IglooInc
Wallet deployed 2025 January 28
Almost 2 years activity on-chain
Bought Lil Pudgy for +25% XP Boost
October 6: Wind down, 20 minutes fast AMA, bye bye
vanab retweeted
Replying to @CryptoGorilla
I think people still don’t understand why people are mad. Not you, i know you do. Also the non existing communication since shut down and just acting like nothing happened, made everything worse. On top of it, bag biased comments by people who put the Abstract team and Luca on a pedestal and called the action heroic, made people crazy.
I can understand why they decided to shut down the chain, the phrase of ‘businesses fail’ is accurate. And yes everyone is responsible for their actions/decisions. But so does Luca/Abstract team, no? Especially considering their actions/decisions affect looot of people while an individual’s action only hurt the individual.
With all the promises, all the hypey phrases used along the years, all the talks with users and builders 5-6 weeks prior shutting the chain regarding how much of a comeback Abstract will have, and non existent communication after shut down, on top of it some PP team members & big chunk of holders actually talking down on the community, when you combine all of this (and this is a very condensed summary btw) I think the reactions and the time this topic was a trend on CT is even little considering how many people got burned. Not even only in financial terms, also time, effort, network?
Mid to end of August, people were told to spread the word that Phase 2 is coming, the chain is not shutting down and one hell of a comeback is coming, TGE is coming 💀
I find it hard to believe that they got to the conclusion of “oh people we are not making money lets shut the chain right now” on the last week or so. I keep hearing that Luca will make an explanation to all of it and why it happened all of a sudden, and I am waiting for it, but growing a bit impatient as a former Abstract builder who was also promised a lot.
+ I went to Abstract Discord before they closed it down, and talked to the a few community members, there are/were so many upset people who the PP holders or a few team members just tried to shut down. This is so wrong. Cause we all know if this happened by a different team, everyone would be going rogue. I don’t understand the fanaticism around PP. There is a right and there is a wrong. And if we don’t point out wrongs and allow people to express why they think that way, then lets just close down CT and hand it over to only people with specific project bags.
Also I said this is discord but let me repeat: it is wrong to feel happy for PP floor price going down. -there are also people who invested time and money into PP, FP going down hurts holders more than the rich PP team who is getting monthly Pengu unlocks- (but this is just an outcome of the actions by the team so, nothing the Abstract community can do either)
And to note: I do not agree or support people who made threats/insults/memes about the Abstract team - although, some members combined from Abstract and PP are famous for their racist comments and I think they deserve whatever comes their way.
And I saw someone commenting on your response with “counter argument, everyone makes big promises, this is what the space wants, its normal” this is basically what is wrong with this space lmao. Cause actions don’t have consequences, everyone can just say whatever the fuck they want, and if they are a good sales person, hell yeah. This is why the space is not being trusted. Especially if the promises come from TRUSTED sources, there should be consequences and the people with bag bias should not be just closing their eyes cause it hurts their bags or they cannot endure seeing their fav builders getting called out. And in this case, the builder ordered the community to call him out and hold him accountable. So, I don’t see anything wrong.
Since Luca Netz has blocked me on X, i can't repost or quote his tweet, so i'm sharing a link to his latest post: xitter.cf/LucaNetz/status/211590…
Take a look at the comments - they speak for themselves.
unavailable
vanab retweeted
Pudgy Penguins reached out and said "brother we see your takes and appreciate them, what do you think we can do better?"
COMPENSATE THE USERS THAT SPENT YEARS OF THEIR LIFE AND MANY THEIR LIFE SAVINGS EARNING ABSTRACT XP
I thought it was pretty clear. This is the only solution.
vanab retweeted
Some say that Abstract is "being responsible" by not launching a token with no pmf. But for years users spent real money on XP with the promise of a token. And these promises helped moon PENGU. Of which the team sold hundreds of millions of dollars worth. Compensate these people.
Luca Netz made me lose faith in Web3.
I was on Abstract from day one. I never stopped believing because Luca was behind it, and I trusted his promises. I spent around $40–50K and dedicated nearly two years of my life to it.
We were promised a token. They kept our hopes alive until the very end, only to tell us we would receive nothing for the Xp we had earned.
After all that time, money, and trust, I feel scammed by @LucaNetz I won’t stay silent
Everyone should listen to this
@LucaNetz is a scammer and that is the fact.
Netz rugged you on Abstract. Now lets talk about his other scams. Time to clean this space up xitter.cf/i/spaces/1oKMvNAvqAWGQ
vanab retweeted
Netz rugged you on Abstract. Now lets talk about his other scams. Time to clean this space up xitter.cf/i/spaces/1oKMvNAvqAWGQ













