For anyone that has spent any time around Crypto, we know that there is wishful thinking and there is reality and in Crypto, they are miles apart.
Dlive is cheating people by making them believe that 1 LINO is equal to $0.012 dollars.
This is deceptive, because 1 LINO equals absolutely nothing.
The only way 1 LINO can equal $0.012 USD, is as a testnet and on the testnet, 1 LINO can equal anything that the administrators want it to equal.. In fact, they can say that 1 LINO equals $100 while its on the testnet!
Dlive appears to be an ancillary reason for existence as LINO is the main reason that Dlive even exists, since a "Crypto Coin" needs to have a USE and without a USE, it is relegated to the "shitcoin" category!
Look at any Crypto ICO and you will see that every "Coin" is attached to a REASON for its existence and the only time this has not been the case, is in the early days when a Coin was simply a replacement per say, t0 FIAT Currency.
Dlive pay people in LINO, but where does LINO get its value?
DLive gets its value in the MIND of the Admin and no further
What he/she says its worth, is what it is worth.
So when people cashout LINO to Fiat Currency, it is done using the Investment Dollars that where issued for the advancement of the Platform and Currency and not as a stockpile of cash to feed the PAYOUTS!
Thats why Dlive Admin/s are very hesitant to go live and on a mainet as then LINO has to finally prove itself, which it cannot do as it only has 1 purpose and that is as a Carnival Token for a free ride or in the case of the Dlive Platform, as a deceptive financial token that it has no worth at all.
The reality is that should LINO go to mainet and traded on exchange, its value would plummet to a real figure and that could be as low as 1 LINO = $0.0000012 which is where many new coins approximately start at and stay there for many years or just shut down.
So if you are on Dlive, you are part of a family that does everything in-house with no real inclusion of the outside world and that makes it very INCESTUOUS in how it is run.
Dlive needs to tell its users what is really going on and that the funds users get when they are paid out, are not from any income Dlive get, but purely from the investment dollars that have been steered away from development and instead used as funds for payout.
If I was an investor in Dlive, I would be PISSED OFF
If I was a User of Dlive, I would feel conned
Dlive has no income and when the investment dollars are gone, so is the platform, because 1 LEMON will equal $0.000012 of a cent and that wont be helping streamers cover the cost of what they do.
Remember Bernie Madoff and what scheme he was pulling off? ( https://en.wikipedia.org/wiki/Bernie_Madoff )
Well, Dlive is doing things not much different
Oh and all the fuss about the CHEST...
That's the last thing to be worried about!!
Dlive is ACTIVELY making sure that Lemons (LINO) are harder to get on the whole, to help slow down the payouts by members, as they continue to bleed out the investors money. Follow the patterns and you can make these discoveries yourself :)
Don't be under ANY delusion that chests are a good thing and you get more LINO, because for the die hard users, they may see this, but in general, the viewing community as a whole, actually gets less LINO
Just in... The scam continues...
Their new Payout Criteria.... My question is... Payout for what???
Why continue with the LINO bullshit..
Just use Dollars and Cents in the system...
Oh Wait, they cannot... PayPal already figured out whats going on and cancelled their account... Hmmmm
https://community.dlive.tv/2019/05/31/the-new-payout-request-dashboard-is-now-available/
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