Did it say that it would? I don't remember any plans being shared for the sacrifice pot. Maybe it will do something, maybe it won't. You should assume that it won't do anything for you, that way if it does do something in the future that may benefit you, then you'll be pleasantly surprised. I personally don't have any expectations that it will ever do anything.
> I personally don't have any expectations that it will ever do anything.
Does that mean you expect it to continue holding DAI until $650M is worth barely enough to buy a decent ranch in Indonesia or Nicaragua?
You and me both man I really didn't expect anything until at least summer giving the network a full year of operation and shaking out all of the paper hands
I think he has a better chance at prison than your account getting positive karma.
I’m sorry that you got hurt. Lucky for me. PulseChain and Hex make up less than 1% of my portfolio and would still be world changing for my family if ANYTHING happened over 2-3x sac. As I said. It’s going to be interesting and I’ll enjoy either way.
Edit: words
Wow that information RH put on X is all i needed, i havent followed RH X at all .. This is very valuable information. And i like your thoughts on a possibility of what might happen. However such a big move with the sec breathing down his throat i would guess nothing will happen with those funds.. but also im a donkey that doesnt know much..
Speaking of which, if anyone has a suggestion on the cheapest way to get this btc i have to eth dai im all ears. Most things cost $18 to do said swap :(
The SEC will seek at least $700M + fines from the ICOs, so any shortfall that may arise from taking unnecessary risk with investor funds would have to be made up by the founder &/or insiders.
I don't foresee the OA selling its sacrificed HEX, as it has shown a commitment to protecting its supply. However, the remaining \~$280M in other tokens could potentially be used at some point. IMO the OA seems unlikely to use it now while desperate sellers remain. If the sacrifice money is ever used to buy into RH assets, it would likely happen after more SEC clarity, later in the bull market close to BTC topping out. That would allow RH assets to pump as others fall (a nice narrative for RH to promote at the time).
Though just speculation, waiting over a year for weak hands to sell before deploying the sacrifice money would be strategic IMO.
Agreed on everything, the OA aint selling and RH isn't using any money until after the SEC case. The people are who are concerned about how the wallet will be used are probably the ones RH would rather have sell.
They are also most likely desperate to sell, whether that's to recoup a loss because they put too much in, or because they want to chase other things that are pumping now. Personally I prefer the contrarian play.
That was foolish given his level of transparency in the past year has been absolute garbage and now he's going to be grappling with a civil and then a Criminal suit hold on to your pocket protectors kids and bend over
Did it say that it would? I don't remember any plans being shared for the sacrifice pot. Maybe it will do something, maybe it won't. You should assume that it won't do anything for you, that way if it does do something in the future that may benefit you, then you'll be pleasantly surprised. I personally don't have any expectations that it will ever do anything.
> I personally don't have any expectations that it will ever do anything. Does that mean you expect it to continue holding DAI until $650M is worth barely enough to buy a decent ranch in Indonesia or Nicaragua?
No it just means I don't expect it to do anything. Because it never said it would. 🤷🏼♂️ If it does do something that benefits me great.
Richard usually does have a strategy, then the sacrifice and OA etc. very interested to see what happens over the next 6-8 months
You and me both man I really didn't expect anything until at least summer giving the network a full year of operation and shaking out all of the paper hands
Well that kinda sux then bc the biggest market pumps are leading up until the halving
So you're thinking the biggest alt coin pumps will be prior to April? So what, the next 3 months are the bull and then back down?
Incarceration
I think he has a better chance at prison than your account getting positive karma. I’m sorry that you got hurt. Lucky for me. PulseChain and Hex make up less than 1% of my portfolio and would still be world changing for my family if ANYTHING happened over 2-3x sac. As I said. It’s going to be interesting and I’ll enjoy either way. Edit: words
Wow that information RH put on X is all i needed, i havent followed RH X at all .. This is very valuable information. And i like your thoughts on a possibility of what might happen. However such a big move with the sec breathing down his throat i would guess nothing will happen with those funds.. but also im a donkey that doesnt know much.. Speaking of which, if anyone has a suggestion on the cheapest way to get this btc i have to eth dai im all ears. Most things cost $18 to do said swap :(
Is it some sort of strategy? No expectation of profit from holding DAI
The SEC will seek at least $700M + fines from the ICOs, so any shortfall that may arise from taking unnecessary risk with investor funds would have to be made up by the founder &/or insiders.
The majority of sac money is in hex which is too undervalued right now followed by eth and stable coins. Theres not much that needs to be done.
I don't foresee the OA selling its sacrificed HEX, as it has shown a commitment to protecting its supply. However, the remaining \~$280M in other tokens could potentially be used at some point. IMO the OA seems unlikely to use it now while desperate sellers remain. If the sacrifice money is ever used to buy into RH assets, it would likely happen after more SEC clarity, later in the bull market close to BTC topping out. That would allow RH assets to pump as others fall (a nice narrative for RH to promote at the time). Though just speculation, waiting over a year for weak hands to sell before deploying the sacrifice money would be strategic IMO.
Agreed on everything, the OA aint selling and RH isn't using any money until after the SEC case. The people are who are concerned about how the wallet will be used are probably the ones RH would rather have sell.
They are also most likely desperate to sell, whether that's to recoup a loss because they put too much in, or because they want to chase other things that are pumping now. Personally I prefer the contrarian play.
He has played so many games with those wallets by now I wouldn't count on seeing anything ever
No expectations of profit from the work of others. We sacrificed which means we gave up and expected nothing in return.
That was foolish given his level of transparency in the past year has been absolute garbage and now he's going to be grappling with a civil and then a Criminal suit hold on to your pocket protectors kids and bend over