Tezos - How my ICO predictions about Tezos being sh*tty are coming true; Tezos's self-proclaimed Crypto Anarchists put ICO money back into FIAT system!

in #crypto-news7 years ago (edited)

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I have to gloat.

In my very second ICO Review about Tezos, I was iffy and stayed away from this project. I even got some flack from Twitter and other sources for being vocal about this ICO, especially given the amount of money it raised (232 million dollars).

Turns out I may be right in staying AWAY from this ICO/Project.

Here is why.

Tezos is 'paying' people to use its platform. 50 Million dollars in total. Not a small chunk. And I was naively thinking that people should come to your product based on its merit not based on 'incentive'. Having incentives is a good marketing strategy when it is backing a GOOD product not when you have to lure people to getting incentives as the primary motive to try your product.

That is not even the f*cked up part of this story.

They are investing MAJOR share of ICO funds into investing in stocks, bonds and metals!

Sorry but I thought the Tezos founders were Crypto anarchists? What kind of jack-ass crypto anarchist would appreciate that their ICO money is going BACK into FIAT system?

If you want to diversify to make company resilient, can't you invest in BTC or other VERY promising alt-coins and related projects to show your support to the Cryptoverse?

Isn't that the true definition of a Crypto Anarchist?

Oh, I forgot, you were a Wall Street wolf before you got into crypto space. Right, right, right!

What a lesson!

You take the money of all those that hope to CHANGE the current financial system and pour it right back into the same system that we are trying to get away from and you call yourself Crypto Anarchists?

Am I the only one who smells the ugly rotten pile of HYPOCRISY SHIT at play here?

My sense of gloat is temporary and small. I hope that Tezos proves me wrong and succeeds to bring more money into Crypto space. At the time of this writing, it doesn't seem to be the case!

Opinion. Not an advice.

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Какие анархисты??)))..90% во всем этом "криптомире" торгаши и маркетёры...)).. и аферисты..)

They said they were anarcho capitalists not "crypto anarchists" and anarcho capitalism means they believe in all out capitalism without government intervention, it doesn't mean they wouldn't invest in metals or stocks or bonds or big banks, an anarcho capitalist is FOR all those things existing so I have no idea where you're getting the idea that they're against those things.

They also think Ethereum is horrible for use as a store of value and for valuable transactions so they'd be hypocrites if they kept their money in it.

Please read their white paper and go to page 7 and READ what it says...https://www.tezos.com/static/papers/Tezos_Overview.pdf

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