FTX and Flare

[Seoulite]

Hugo talking a big game on Twitter about how Flare will help to avoid the kind of centralized problems we have seen. The problem for me, and I imagine for some other crypto watchers, is my main reaction is yawn, wake me up when you have a product. Until then you are just a commentator like the rest, promising Bitcoin will solve everything or ETH staking will make this all go away…

[RambeauTeasebox]

58 minutes ago, Seoulite said:

Hugo talking a big game on Twitter about how Flare will help to avoid the kind of centralized problems we have seen. The problem for me, and I imagine for some other crypto watchers, is my main reaction is yawn, wake me up when you have a product. Until then you are just a commentator like the rest, promising Bitcoin will solve everything or ETH staking will make this all go away…

Before throwing stones, perhaps Hugo should consider Flare's/his own control and secrecy/communication issues. They seem like major liabilities and definitely don't speak well to being "decentralized" as an organization.

Edited November 13, 2022 by RambeauTeasebox

[PunishmentOfLuxury]

16 minutes ago, RambeauTeasebox said:

Before throwing stones, perhaps Hugo should consider Flare's/his own control and secrecy/communication issues. They seem like major liabilities and definitely don't speak well to being "decentralized" as an organization.

Absolutely. No one seems to think it's a problem that for-profit Flare Networks Ltd owns 25% of all FLR and can massively outgun ordinary holders when it comes to governance votes. Ripple's founders snagged 20% of XRP and got no end of shyte for that.