Also, from what I've read in the chat, it was told to the team that they will do it, so a lot of people have been aware of it.
I havent seen this but do you think that makes it ok to keep the money? I think it makes it worse as the team is obviously unaware or doesnt understand the danger.
The only major impact is the pack dilution.
Pack dilution, trust, investor airdrop % is affected since apparently licenses were bought from the stolen GLUSD. The damage is compounding and indefinite. It will only increase over time till the game is shut down far far into the future.
I mean that any market can be manipulated, and every currency can be pumped or dumped
Sure, but you need the burn mechanism for this to be an exploit. A pump and dump is just market manipulation. We kind of look the other way in crypto when we see it.
Like said, game and economy is unripe, and it is a high risk investing in it. It is an emotional thing in the end, especially if the own return has been affected. Try to see it from a logical point of view, not moral, where could it be said that it was stealing, as stealing is a harsh word.
I'm also heavily invested into SPL, and don't like some stuff that it is going on, like insiders know when to buy and exploit some stuff, like it was on the land sales, when some managed to buy many regions in the first go. It is my own risk, as the firm does not keep separately the insiders from the investors.
Just from a logical point of view, pumping it up and burning it, should have held it up there, and it would be better than pump and dump. Who dumped after that, so that the price tanked?
Will reply tomorrow, if you reply, as I go to bed.
Possibly someone that knew what they were doing.
I think you want to claim that they didnt understand what they were doing or what would happen. I really dont think thats the case. They would really need to be a special kind of stupid not to understand the implications of their actions.
The implications of a pump into a 5 minute price average burn on a extremely low liquidity token.
By far, maybe lostintime was not fully aware.
As I already said, free market, they leveraged the assets they had and took profit, I don't see any stealing in this, especially as the tokens have been burned.
If there has been a stealing from an account in their pockets, please show it, glad to change my mind.
It is a high risk investment, and the first rule to this is that on high risk, the investment can go to zero.
So we come again on the question, who dumped, after hey increased the value? That person is the real villain in the story, which nobody mentions.
Also, using emotions leverage, audience, and public shaming might be a more ethical offence than taking profits. Putting pressure via a whole community, who does not research deep the problem, is not a nice thing to do. Just my two cents.
Especially since the tokens were burned it is stealing. They 3-5x their investment on an exploit to the detriment of every other investor. The GLS team made it clear it was an exploit. They didnt give back the money.
Theyre basically criminals.
These guys deserve far more than shame. They deserve to be sued.
Pump and dump is worse, here value was increased and tokens burned, from an economical point of view, the right thing. That somebody else dumped after, it is a free market, why nobody is following that track?
It is a high risk investment, without any defined rule. It was an option created by the team and some used it.
And stoned? If you remember the old communist times, there was public shamming and wall of shame. Glad we are over that. That some lost potential ROI or not even ROI, potential airdrop money, because most people did not invest into it, they got it for free and most that comment will not and have not put any money in. 0, nada. In this matter shall only be people allowed, that have bought packs, GLX and all other tokens, without the airdrop money. I bought a few packs, not many, as this is my risk calculation.
By the way, I'm getting flagged with curangel now, after my comments :))