ETCDEV, the startup that led development on Ethereum Classic, which is among the top 20 coins with a market capitalization of about $400 million, announced this week that it’s shuttering operations due to a funding crunch.
Joseph Lubin’s ConsenSys, one of the largest crypto-related software startups based in New York, said Thursday that its workforce will be reduced by 13 percent as part of a reorganization.
Many of the companies are suffering because they kept a portion of their funds in digital assets, whether in tokens they sold through initial coin offerings or in Bitcoin and Ether, which served as the preferred means of exchange in the crypto world (greedy bagH0DLing).
They’re not alone. In late November, Steemit Inc., which supports a site that pays content contributors for posts, said in a blog posting that it’s been forced to layoff nearly 70 percent of its employees.
Adult entertainment site SpankChain has downsized from 12 people to eight workers recently, according to a tweet from CEO Ameen Soleimani. That’s down from 20 employees and contractors in March.
Sirin Labs, for example, raised $158 million last year to create a mobile phone that allows consumers to trade and use crypto. The company, which will ship its first batch of a few thousand phones in December, is now considering abandoning hardware altogether and refocusing on shipping software for other phone makers to use, Chief Executive Moshe Hogeg said in an interview. Sirin now only has enough funds for six to 12 months of operations, he said.
From bloomberg.
And do not get me started on miners (Bitmain in particular).
The ponzi is over. RIP BagH0DLers.
It was all written. This outcome was innevitable. Anyone that ever opened a history book or has some common sense had to know this was how it would play out.
We won. They lost.
They bragged. They laughed. They called us uneducated morons that did not do our research. We kept going. They got destroyed and lost everything. We did not.
They were wrong. We were right.
They are bankrupt and have a grim future. We grew, and we smile as to what the future holds for us.
Should have listened.
Joseph Lubin’s ConsenSys, one of the largest crypto-related software startups based in New York, said Thursday that its workforce will be reduced by 13 percent as part of a reorganization.
Many of the companies are suffering because they kept a portion of their funds in digital assets, whether in tokens they sold through initial coin offerings or in Bitcoin and Ether, which served as the preferred means of exchange in the crypto world (greedy bagH0DLing).
They’re not alone. In late November, Steemit Inc., which supports a site that pays content contributors for posts, said in a blog posting that it’s been forced to layoff nearly 70 percent of its employees.
Adult entertainment site SpankChain has downsized from 12 people to eight workers recently, according to a tweet from CEO Ameen Soleimani. That’s down from 20 employees and contractors in March.
Sirin Labs, for example, raised $158 million last year to create a mobile phone that allows consumers to trade and use crypto. The company, which will ship its first batch of a few thousand phones in December, is now considering abandoning hardware altogether and refocusing on shipping software for other phone makers to use, Chief Executive Moshe Hogeg said in an interview. Sirin now only has enough funds for six to 12 months of operations, he said.
From bloomberg.
And do not get me started on miners (Bitmain in particular).
The ponzi is over. RIP BagH0DLers.
It was all written. This outcome was innevitable. Anyone that ever opened a history book or has some common sense had to know this was how it would play out.
We won. They lost.
They bragged. They laughed. They called us uneducated morons that did not do our research. We kept going. They got destroyed and lost everything. We did not.
They were wrong. We were right.
They are bankrupt and have a grim future. We grew, and we smile as to what the future holds for us.
Should have listened.
評論:
There is a VERY IMPORTANT reason why Bitcoin must fall by christmas.
So I can decorate my Tree.
:}
1500-2000 EOY. HAS TO. Hurry up bagHODLers, why wait?
So I can decorate my Tree.
:}
1500-2000 EOY. HAS TO. Hurry up bagHODLers, why wait?
評論:
BTC 3800 never again. I think this is it.
Might take till next week to go 1xxx.
Monday it will be 1 year exactly since BTC had its ath. I wonder how low it will be? :D
Minus 90%?
Investors got out, just like 2014, but in 2014 long term investors bought, and miners kept staying in. This time... doesn't look like are doing that. Even those that really want to stay in forever went in too big and cannot afford to stay in now.
Beyond miners capitulation, lies the ABSOLUTE END. Bull trap around 1000+, then 3 digits, then 2 digits, then ZERO.
Merry xmas.
Might take till next week to go 1xxx.
Monday it will be 1 year exactly since BTC had its ath. I wonder how low it will be? :D
Minus 90%?
Investors got out, just like 2014, but in 2014 long term investors bought, and miners kept staying in. This time... doesn't look like are doing that. Even those that really want to stay in forever went in too big and cannot afford to stay in now.
Beyond miners capitulation, lies the ABSOLUTE END. Bull trap around 1000+, then 3 digits, then 2 digits, then ZERO.
Merry xmas.
BitConnect: -100%
Qtum: -99%
ICON: -98%
Cardano: -98%
Bitcoin Gold: -98%
Bitcoin Cash: -98%
NEO: -97%
Lisk: -97%
NEM: -96%
IOTA: -96%
Dash: -96%
TRON: -95%
zCash: -94%
Ethereum: -93%
Litecoin: -93%
XRP: -92%
EOS: -92%
Monero: -90%
Bitcoin: -83%
"It cannot go to zero". "If it falls this low I'll buy the entire supply". Did they?
Technically, these ponzi's have not gone to zero.
But every one knows Bitconnect is a ponzi and no one thinks "smart money is accumulating ooga booga".
And those whose chart ar enot available (anymore).
Global Game Chain. Uses an SQL database and calls it "blockchain". Runs an MLM scheme.
Artax. Original Developers Abandoned the project. Pre-mine holders dumped the pre-mine and left. Still getting shilled to this day.
etc. They are just so many.
My favorite remains FrankoCoin. From it's creator:
"Franko is a shitcoin LTC clone I made to scam people. It took me about 30 minutes to make and made me a tidy sum of money. It was my first scam. Not my best scam but the first of many. Through making FRK I understood how to scam people and that I'm generally good at it."
Next week I think this either pumps into bull trap or just crash. Right?
Or maybe just keeps slowly falling diagonally...
I want to be right NOW.