Do your research when it comes to investing in SmartBCH.

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Avatar for francis105d1
1 year ago

Do your research when it comes to investing in SmartBCH. Don't believe the FuD or the hopium.

Coinflex went under a few months ago and they are claiming that Roger Ver defaulted on his obligation with the centralized exchange, and now they are fighting their case in court. A victim of this problem is SmartBCH because we decided to trust a custodian while a decentralized exchange was being built. So far that decentralized exchange is not yet done and we are still waiting for it to come online. Because the Coinflex CEX went under now we have an issue with the peg where sBCH is not pegged with BCH and as such those that invested in SmartBCH are stuck in limbo while things come together.

A few days Coinflex restructuring plan was approved and that means the SmartBCH alliance is supposed to bring the peg back online, but even if we restore that peg we still will have the issue of the centralized exchange I must remind you that the current bridge running by Blockng is still centralized, we need both the peg restore but also Sha-gate to come online at the same time.

CoinFLEX Restructuring Proposal and Next Steps.

CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues.

Comments on CoinFLEX’s Restructuring Proposal.

If you read those links in the order presented you could get to the conclusion that at this point the SmartBCH alliance has already the full backing of the remaining sBCH against BCH and that it is just a matter of communication, and probably those who are behind that group would want to make all the announces with lawyers advice so that they don't declare more than what they have to, and that will explain too why we are not hearing from the SmartBCH alliance, or the other reason is that what you have read on those links is all a lie and that Mark just run with our money.

It will be up to you to believe what those 3 links say and you will have to decide if you trust what those articles say, if the authors of those articles are speaking the truth it will only mean that soon enough we will have a full peg SmartBCH network and after that, it will be just a matter of waiting for Sha-gate v2 to come online soon after.

If Coinflex burns the amount of sBCH they held before the restructuring that will mean the SmartBCH alliance will only need to back around 70,000.00 sBCH and will only need the same amount in the Bitcoin Cash, if you read the third link you will read that the alliance has people in the Bitcoin Cash community who have decided to bail out the project and donate the needed money to back up the network.

That is the essence and that is what those three articles say, you can still think it is all lies and that the peg will never be restored,d and that SmartBCH is done for, in my case I have decided to believe those words are true and that the project is about to pick up.

I know investing in SmartBCH as it is right now is a high-risk endeavor because we don't know if those saying those words are just trying to fool new investors. To me, those are the fact after that is just a matter of taking a decision.

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1 year ago

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Much better to think of it twice or more. We don't want to waste our hard earned money for nothing. Investment is a risky one but with proper knowledge you can earn from it.

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1 year ago

All investments imply risks, even putting a grain of beans in the ground means risk because you don't know if that seed will germinate and give you more beans, it is just a matter of taking the risk and planting for the next year's yield even if you don't know if the water will come in time for your plants to grow.

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1 year ago