I got a semi alarming email from David Mah the CEO of Wagerr.com LTD. At first it looked very alarming but as I got into the email the main thing that I got out of his email is this:
"The ETH network suffered serious congestion and delays that resulted in a failure of automatic processing for many participants throughout the ICO period."
So I have learned the most CEO in my past years can't tell the truth strait even if their life depended on it, so they use the language of double talk. They write down the truth in secret, then they figure out how to tell it to us who are "below him" and are not entitled to the truth, so they translate that to make it "look better". I learned the language of double talk in East Europe our freedom hating leadership used it on us, I and never told the truth just their stupid double-talk. I hated it. I wish people said the truth to me directly and let me figure out what to do with the it, but they don't.
Back to the email announcement. I think something bad has happen with the Eather network and the CEO is not telling us, so they give us this double talk here in the email.
Further what makes me think there where huge problems and that some ETH was lost from the deposit is this this sentence in his email:
"The system's generated addresses are still valid after one hour, but the Wagerr support team must process any delayed transactions manually."
So they are fixing things manually based on support tickets. I just hope his support is better then Poloniex or it's going to be a &%@%^&##@^ disaster!
Now something I have never read before this email and that's the Wagerr is issuing tokens on the Waves platform which right now has a reputation of having the most scammy tokens on the network!
I have to say I'm a bit worried. I have put a % of my profits in this ICO and I hope this works out. If this is all on the up and up the biggest beneficiary of the Wagerr ICO is going to be Waves, it's going to give them huge credibility!
And finally a message to David Mah:
Dear David,
Please be the first CEO in history to tell the raw truth, not translate what you think we need to hear. We are in crypto because we are sick of CEO double talk,. Why can't you just say how many accounts are not credited, how many are lost, how many support problems, some example and illustrations of what happened, so we can get a picture what we are dealing with.
We don't need you to sanitize the truth for us, just tell us the real truth.
We gave you so much of our money, aren't we entitled to hear the truth and nothing but the truth? Is that to much to ask? Could it be that all the CEO's of this planet are wrong and instead of doing the right thing, you just join them and do the same wrong thing as them. It's like joining the herd and following blindly. Can't you be your own man and screw the heard and be a man, don't do what everyone does.
David, I suggest in future correspondence to me, your investor, that you tell me the open truth, the same truth that you share with your board. I deserve nothing less. Please be 100% transparent next time.
That's all I have.
Am I to harsh on the CEO for asking for the plain truth and 100% transparency? Is a crypto investor entitled to 100% of all the raw information in exchange for the BTC investment? Or is the CEO entitled to hide information from the investor?
CR
i have all of my wager coins
I have mine as well I just didn't like his email to me. I though he could have been more open and transparent. That's all it's a bit of a concern.
I got my 25k for masternode
I really don't like your article. I hope I can also say something bad in the comments and not always have to be positive about articles.
Why are you blaming a CEO because he cares when the ETH Network HAS serious problems the last days during big ICOs? Did you follow the ICOs? Did you see how the network slowed down significantly?
I personally read this email total differently and thought more like "he cares" and it is good that he writes that including a support email for people who missing coins. (obviously not US).
Cheers,
Chris
Rarely I write about this stuff because the world has gone crazy about cryptos and there are many pundits who keep touting it , for example Mr Berwick.
It is very simple to realize that you live ina fools world if you think cryptos cannot be controlled. Cliff high talks highly about it and publishes a report. But he has been very very wrong about Gold and silver. Cryptos will be manipulated. What is preventing , say CIA to operate and control exchanges??
Thanks for your response @nedspeaks, I'll just comment on Gold and Silver, I think why Cliff and other experts get this wrong is they look at what happened with gold compared to say the Mark during that or similar inflations when gold skyrocketed, what they miss is back then gold and silver had freedom and what America has managed to do that no country in history has not managed to do is put Gold and Silver in jail. If Gold and Silver where free in America like they where in Germany they would have skyrocketed, but they are in an American prison! I hope that explains why they are wrong. But if freedom returns to America one day like it use to live there in 100+ years ago, then you will see gold skyrocket compared to the fiat Dollar.
I do understand that and that is why I buy a lot of it.
Me to, it's my biggest investment in an ICO to date! Got to try to keep the CEO to the fire so stays the course and we profit from our investment :)
In north America we call what you call double talk, we call the use of the forked tongue. I think CEO's have to go to indoctrination in order to prevent the truth from ever leaving their lips.
Thanks @masoncerritos. I was forced against my will to take classes of Marxism in school and this talk reminds me of they where teaching us in that class to lie for the "greater good". I always though truth and freedom is what God wants on this earth but these people like CEO's think deception and control is what I need and try to force that on me. I just hate it from the first time I sat in a Marxist class until today. I hate deception!
When all love truth than all will be free!
That is the most amazing comment I have read today! Thank you!
PS: I might make a T-Shirt from it (if you don't mind?)!
Cool with me. It would be nice to see people wearing them too!
I not worried with the money they raised they can fix any problem storjx just changed over from a counterparty based coin to a ethereum based coin
I dont think it will be a big deal to change over to a etheruem or other coin
I bought 25000 wagger coins
Im in like flynn
Gonna apply for a masternode asap i aready emailed them the said it would be a bit longer till they release more info in oracles