Salvage CF

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1 year ago

Observing from the sidelines. It's clear this is forced ransom taking. BCH Alliance can afford to play this game because they don't have to immediately cough up the amount in question. They (BCH Alliance) are getting free tokens from cf as rvUSD and CF is getting permission to use the 101k bch. At the short end of the stick is the smartbch community and all those who have invested time and other resources to grow the project and keep it alive.

But, I’m unclear on how SmartBCH users are getting the short side of the stick, they’re getting a restored bridge and 1:1 backing.

Then let me explain, You get to take the 101k bch to salvage CF (assuming the claim of the hole is not a scam). BCH Alliance offers a verbal IOU (promissory note to secure the peg) to the smartbch community. A farce of a token is created to give the illusion of community ownership. This isn't typical shareholding AFAIK.

Perfect coon, isn't it? Let's see if I'm proven wrong (not by words but by action). If bch alliance keep their "word" and restore the funds to shagate then maybe it will turn out okay, but until then.

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1 year ago

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