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$34M are not locked. Rather the tokens some people paid $34M have now become worthless (untradeable). But those $34M have not disappeared they're on somebody's
by michalu 4y ago
$34M are not locked. Rather the tokens some people paid $34M have now become worthless (untradeable). But those $34M have not disappeared they're on somebody's bank accounts. Such rhetoric is very deceptive.
- rideontime 4y agoEffectively identical.
- ilammy 4y agoThe car did not crash. Rather the money you paid for it has now become worthless (unridable). But that money has not disappeared, it's on somebody's bank accounts. Such rhetoric is very deceptive.
- michalu 4y agoI think you've got the logic other way around.
- wpietri 4y agoI am going to have your comment bronzed. It's such a perfect example of how in the crypto world the US dollar value is hyped in the good news. But once the news is bad people get all, "What even is money, man?"
- vmception 4y agoI think this is a strange take, sure the $34M is in the ethereum account but it is not in someone's bank account, but the people that sent money to that contract do have an NFT right? or have a claim for an NFT that can still be sent to them manually right? I think those NFTs don't have to be worthless, there is just a temporary blip in confidence until the project proves they are still able to perform with less revenue/capital and also still motivated to do so.