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RE: In what could be a new trend, Tezos Foundation demands KYC to redeem ICO tokens

in #crypto6 years ago

Well articulated post, I particularly like the proactive approach you encourage for the Steem community but regard to Tezos Foundation I can smell some bullshitting...First off--> I see it a way of taking the attention away from their own controversy and use this market situation to ploy their games to buy time to come up with their next gimmick... Its a well orchestrated move to gain regulators favors but folks must continue to press them about their financial health and most importantly the product delivery.... Lots of these projects made big promises and reality is we don't have that pool of developers to develop the products, I sense this is the case with this project...this is the first of a series of playing with the emotion of the crowd and enthusiast should demand refund, the next ploy would be declare your source of fund or some bullshit claw about it being considered a security and due to regulatory uncertainty we can't deliver and unto the next bullshitting story while milking folks of their hard earn money.... These "playing the regulatory uncertainty game" would become the norm soon enough...

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The tokens are already way up from the ICO price. A refund would mean a lot less in $ value for token holders. If they can launch to mainnet it is also lieky they'll fork which means two tokens so this could allow for additional money to flow.

Fingers cross, lets see how this plays out but i sense bullshit, dont fall for token value above ICO price, any market maker can get it done...

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