nft creator / reflect states that constantly print money and thereby devalue our money, as soon as their nfts sell, they greedily simply add new ones to their collection.. how would you feel if chia inc added another 20 million to the supply tomorrow.. ? you reap what you sow!
Gene, at ~6:35 mark, Spaceport asked about the 90 day notification period before the Company sells any XCH.
It's understood that the 1/8th share isn't locked up, but I believe he was referring to the Company's commitment in the Whitepaper that it would give 90 day disclosure before selling any XCH.
Is this commitment from the Whitepaper still in effect? / if so, I would interpret today's news as a start to that 90 day clock.
GM Stakeholders,
We assume most of you heard the news. Because of the uncertainty of the Chia ecosystem, we will halt the dividend distribution since this month. Like most of you, we will wait and see how things going.
SCOOP: Chia Network cut a third of its staff after its effort to go public hit a snag when its bank, @CreditSuisse, collapsed. The 24-person layoff at @chia_project may be followed by a first-ever sale of some of its XCH tokens.
@jesseahamilton reports
trib.al/YDA4ZkP
@gospaceport A month ago you could use an Iceriver KS0 100G 65W for around $699 and with that you could earn around $21.60 a day, now this miner earns around $2.50 and now costs around $439.
Looking for a few people who would like to work with me on a chia project. What do you need to bring with you? Nothing.. we will start from bottom and make everything we will happen! DM for more information!