From trust to doubt: the seven sins of genius Pacman

Author: Christian2022, NDV partner Source: X, @Christianeth

Don’t criticize Blast or look at the price of the currency. Let’s rationally analyze the seven sins of the genius pacman who is so highly praised:

1. Missed the best time to issue coins When the market was good in March, if the coins were issued simultaneously with the main network, everyone could benefit greatly. Even if the big users were locked in, it would be no problem. However, after three months of delay, the market value expectations are even lower, and OKX and BN will not use it.

2. Insufficient technical capabilities There was no accumulation of infrastructure (Infra), resulting in the inability of infrastructure to keep up. The yield model, which was initially considered a good one, was later found to have a poor experience in even the basic demand of the cross-chain bridge. The exchange could not directly withdraw the currency, and retail investors could not participate.

3. Endless PUA From March to May, from May to the end of June, it is now discovered that there will be another six months of PUA. Although Pinduoduo also engages in PUA, it does create value and a good user experience. And what is this Ponzi scheme playing?

4. Lack of liquidity awareness It may be because he has not done traditional DeFi and is not a big investor (of course, he has now cut out a huge fortune), which has been mentioned before.

5. Lack of contractual spirit Directly offend all big investors. Big investors are the group that cannot be offended in the currency circle. Although they are few in number, they are crucial to the ecosystem. They are the key factor in supporting the price of coins and the liquidity of the ecosystem. People like me who directly buy millions of US dollars of altcoins for their dreams are worth far more than a hundred small retail investors or robots.

6. Gold distribution is not decentralized enoughAlthough it is relatively decentralized, it is still bound by small interest groups. Although I am an investor in some of these projects, this means that the quality of ecological projects will not keep up with organic development in the long run.

7. Lack of responsibilityFrom a personal perspective, he is arrogant. He came to me to make a call to get feedback, but he didn't come at the agreed time (it was 1 a.m. in China at this time). I waited for an hour, but he didn't reply to my message, and there was no apology later. I am puzzled by this operation. Regardless of whether I am important to him or not, there should be basic respect, right?

Summary

In fact, there are still many problems, but I don't want to say more. Investment is nothing more than knowing people. We have all been "cheated" and think that we are not well-trained. Many signs can be seen long ago. It is my own logical framework and tendency to believe this that made me make mistakes. The coin may go up, but I won’t eat shit anymore.