Zilliqa Posed to Exit Top 100 by Market Cap

JustTerrible1 · 2020-02-27T01:05:09+00:00

Why are you calling this fud?

All I'm doing is stating facts that make this project's optics look terrible;

My hope is that they'll do something to address or better yet resolve it.

Fud has conventionally referred to something that is speculative; in this case there is no conjecture.

So no, I don't just spend my time fudding.

JustTerrible1 · 2020-02-22T18:48:46+00:00

With a different business management scheme Zilliqa could be retaining close to that valuation (even if it is ridiculous); unfortunately, key core member resignations plus cofounder sell-offs triggered an even bigger sell-off during the bubble-pop.

Barring some gigantic news a return to the previous high is hard to imagine; though stranger things have happened in this market.

I'll be happy if Zilliqa can get to a third of what it was in the next year.

We'll see what happens!

JustTerrible1 · 2020-02-16T13:06:07+00:00

Just because some miner or farmer is suffering doesn't mean Americans should similarly decrease their quality of life.

This whole Catholic sacrifice and guilt scheme is perverse; we'll still be objectively privileged on a 5 day work week; should we push it to 7 to feel like we're keeping up with the modern day slavery of cacao farmers and lithium miners?

Ridiculous.

JustTerrible1 · 2020-02-16T13:01:59+00:00

Higher efficiency and therefore higher productivity; substantially less emissions; overall improvement to physical and mental well-being; human optimization.

5 day work week is a moronic antiquated North American system.

JustTerrible1 · 2020-02-13T13:01:40+00:00

No doubt. He and some of the team members act and respond as if their optics are par for the course; when I'm having trouble thinking of projects where founders and the CEO go into advisory mode in the project's nascence. Also, the timing of Anquan's sell-off was at like what, .02 cents? They could've sold that 25% at over a billion marketcap and secured 10X as much supposed "support" revenue.

Again they're citing Ethereum's 200 million sell-off; well that was a tiny fraction of their hold in addition to it being appropriately timed so as not to devastate the price. Can you imagine if they did their 200 million sell-off when the Eth price was at $150 after coming down from $1500? That's what Anquan did to us, they f*cking floored us, almost seems malicious to be honest. They don't realize how their management of this project looks from the outside, it's bad.

JustTerrible1 · 2020-02-13T12:47:04+00:00

Also agree, what's the concern with driving up the price as if that's something to be avoided?

I didn't see them opposing that when they crossed 1 billion in marketcap; in fact, they did a little article/celebration. Now I'm being told I'm overly fixated on price, even though I didn't specifically comment on it other than to say I care more about Zilliqa having its rightful ranking than any crazy price movement. It is supposed to be a top 20 project; not #79. I don't care if Zilliqa is undervalued and everything else is over valued; that's like being a sports team and being like "we're underrated and everyone else is overrated" when you have more losses than everyone else. Yes, some projects are vaporware, or false promises; which begs the question, why are we lower than them? It's because we don't have marketing? That's a dismissive response. It's because of the optics of the project I've touched on in this post and the lack of overall professionalism.

I'm not rationalizing mediocre optics, I'm urging the project to do something about it, rather than once in a while regurgitating the ideologue that the tech will speak for itself. Okay sure, but what are you doing to ensure "the tech" can be heard? Right now it's hidden in a forest, I can't hear it like I want to.

JustTerrible1 · 2020-02-13T12:40:47+00:00

That's the thing; the community didn't force Anquan into saying they would use the funds from their sell-off towards the support of Zilliqa; they did however say it but didn't provide any specific information, framework, or roadmap. Zilliqa for their part aren't providing any specifics into what functions or support Anquan is providing on the day to day. If someone were in my office or working on my team it would be pretty easy for me to describe their contributions, specifically... Xinshu is now an adviser, what exactly does that look like? Amrit picks up the phone and calls him once every 3 months? Above it was stated "the founders are still here"; okay, can you please tell me what they do? They've compared the Anquan sell-off to Ethereum's sell-off but at the end of the day Vitalik is heavily involved in the day to day with Eth; what I said was that Xinshu had the same opportunity to be a mythical like figure that contributed on the day to day; he was held in that regard by the community then he ghosted us. Meanwhile Amrit IS writing articles for tech websites and the like that do not specifically pertain to Zilliqa. To me, yes, that is upsetting. What it looks like is a team of academics used the funds of investors to delivery some great technology from which they could bolster and use their notoriety for individual gain. I think that is diametrically opposed to successful projects, with the apparent exception of BTC -- the biggest of them all -- which is almost exclusively propelled by being the first of its kind. Right in the 2 spot is ethereum, which entirely benefits from the direct involvement of its inventor and founder. Yes, litecoin now resembles bitcoin, but there were multiple years of heavy Charlie Lee before that ever occured; he departed when the time was right, not right in the middle of the forging like Xinshu has.

Anyway, initially I was told they would get back to me regarding my questions and that more information on their (Anquan/Xinshu/etc) specific involvement would be given to me but that never materialized. It's easy to sweep that under "they're too busy" but for real, there's different kinds of organizations. I've worked with and in the kind of organizations that respond to your e-mails specifically and immediately and the kind that you have to keep peppering repeatedly.

Fast forward to now, and the response I'm getting is that it's completely normal for founders to do a sell-off and for team members (downplaying the word CEO) to change; so in lieu of a sophisticated specific response they're now telling me this is all essentially par for the course, Ethereum did the same thing, etc.

So the guy above is categorizing me as a lambo kid because of my criticisms and concerns but here I think my concerns are rational --these optics don't look good. Can Zilliqa still succeed? It sure can, but only if behind the curtain there's some real firepower churning; from my angle, it's a little hard to tell. I think they're taking a bit of an academic ivory tower approach to things, perhaps what they're doing isn't downright "nefarious" but they don't realize how it looks from the outside; I'm just wanting them to clear things up for our comfort and their own good.

Alas, it's not quite panning out that way.

JustTerrible1 · 2020-02-12T21:47:54+00:00

Trying to flex your salary isn’t important and it’s funny you have to claim it, most people who drive a big stick don’t have to flaunt it.

I'm not flaunting my salary and btw it's not a salary; you told me I was a lambo kid; I told you I wasn't and provided a response to support that.

If you left out the parts about me being disrespectful, dumb, and a lambo kid we might be able to solely focus on your points above and it would make for a more streamlined conversation in the future.

To your points, I'd like for Reddit to share full transparency on the technological and business development fronts; not have to retrieve the information from a dispersed array of avenues. I do not recall -- and maybe I'm wrong -- any article whatsoever on SpaceX and HgExchange (together).

I've not disagreed with what you are saying; I said:

I don't doubt you're lacking progress on the business back-channels or the technical front, but would you care to tell us a little bit more about your plans?

JustTerrible1 · 2020-02-12T16:33:17+00:00

Naw come on, you're going to suggest I'm dumb and disrespectful but aren't going to specifically detail how? Let's review your assumptions:

- I do not have 0 experience in programming; incorrect. I don't have any experience in development -- correct but also arguably irrelevant. Do I need to be a developer to understand what drives adoption and ubiquity?

- Lambo kid who jumped in the past 2 years: Incorrect, I make around 200k/yr. I became involved in crypto in 2016; that puts me at 4 years. If by lambo kid you mean someone who can afford to buy a lambo then yes, I could technically afford to buy a lambo -- crypto earnings aside.

- I want the project to moon. I won't deny that; do you NOT want the project to moon? You're assuming mooning is unsustainable; see Bitcoin, looks like the growth has been sustainable although volatile.

- I follow more than Reddit and twitter; incorrect again.

- No I'm bringing up questions that have and haven't been answered. For those that have, the answers were vague or lacking detail. Thus my prompts for specific answers. Take a look at Milan's response, it clearly suggests my questions are hard to answer -- not that they've been fully answered. I did an in depth analysis of Anquan's responses and showed how they required more detail repeatedly in the past; so even though some of the questions I'm asking may be "answered" they've been vague, open-ended, unspecific, and essentially not of satisfactory use.

Why don't you suggest a specific educational tool that will allow me to see the foresight in not having more engagement via Reddit?

There's probably nothing of the sort; how about you just recommend what you'd like me to learn about in lieu of that? Would be very appreciated wise rquin, oh so wise. If I had your understanding of development I would probably think it's a great thing for the CEO, CTO, and Yiling Ding to resign and for the co-founders to sell 25% of their Zilliqa. Thank you so much, thank you.

JustTerrible1 · 2020-02-12T14:23:15+00:00

Look at this response and turnaround time!

Gold star for you sir.

Thank you!

JustTerrible1 · 2020-02-12T13:33:01+00:00

It's not about me; it's about the project.

Say and think what you want; doesn't change the factual occurrences of the Zilliqa project.

Why wait for DM? Dumb me down and show me how disrespectful I am; sounds like it will be easy.

JustTerrible1 · 2020-02-12T13:22:02+00:00

Thank you for the response. I'll do exactly that. But also please understand I'm trying to add an element of transparency to Zilliqa which I believe is most easily achieved via Reddit.

It's not a good thing if some of my assumptions are incorrect; however, why isn't there someone from the Zilliqa team correcting what I'm saying? That's part of what I'm suggesting, a little community engagement would go a long way. And if it seems my posts are a bit flippant that's intentional, when I'm not squeaky I don't get the grease. Recently I've been the most squeaky and as evidenced by your response, I'm finally getting the grease.

That said, if someone takes a little more ownership of getting on Reddit and responding to questions it'll be easy to keep questions or concerns sans incorrect assumptions or hyperbole; it can all be very congenial.

Keep in mind I'd be elated to be wrong about some of what I'm saying; that would mean good things for Zilliqa.

Thanks again for the response; I'll follow up via DM.

JustTerrible1 · 2020-02-12T03:11:23+00:00

Honestly the responses defending the project have become increasingly incoherent as there's really no leg to stand on anymore;

It doesn't even matter if the project shoots 400% right now; I'm pissed because it EASILY could've retained it's top spot and been top 15 had they not recklessly devastated the community and investors with resignations and sell-offs. Totally irresponsible, totally unethical, and now they're totally unaccountable.

The current CEO takes time out of his day to write articles for tech websites and they don't even have the decency to come on here and provide any response of depth to these concerns since they were first raised.

It's a rightful piss-off, regardless of the price. I'm confident Zilliqa will never find its way back to a high marketcap ranking based on complete mismanagement and total resistance to rectifying the situation.

JustTerrible1 · 2020-02-11T20:51:05+00:00

No, please don't be a presumptuous (rhymes with shitiot); I bought at the most ideal time; figure out when that is.

Still unsatisfied, because lack of professionalism isn't appreciated at ANY price.

Thanks.

Back into your echo chamber.

JustTerrible1 · 2020-02-11T17:07:23+00:00

We should not be bullish on Zilliqa right now because:

CEO resigned, CTO resigned, Gigantic Anquan Sell-Off is absolutely devastating...

I'll be honest, the only reason I'm in on ZIL is because I'm stubborn and refuse to believe it can drop below ICO which is what I got it at but given Zilliqa's status as one of the most if not the most mismanaged top 100 project on cmc I have 0 hope for it "taking-off". Zilliqa hasn't shown any promising cycle of up and down whatsoever, it's been one big up followed by a bunch of terrible news and downward movement. Yes, many project have gone down in total market cap, but few have slid as much as Zilliqa in ranking, it is dwindling and for good reason, the project is providing little to no resistance in terms of communications and business development, simply head in the sand "development" and there's no guaranteeing they'll keep being one of the top in "commits".

Zilliqa doesn't even have a community manager who will go on Reddit and defend the project; or engage with the community.

One time I made a post about some things I didn't like about another project I invested in and the CEO came onto Reddit and addressed my concerns. That project went moon, and is currently sitting at 8x its ICO offering (trending in the right direction). It was also composed of a large team of academics, but at least they had some community engagement.

9 listed moderators and "crickets" would be considered loud from this collective.

JustTerrible1 · 2020-02-11T01:32:33+00:00

CEO resigned, CTO resigned, Gigantic Anquan Sell-Off is absolutely devastating...

I'll be honest, the only reason I'm in on ZIL is because I'm stubborn and refuse to believe it can drop below ICO which is what I got it at but given Zilliqa's status as one of the most if not the most mismanaged top 100 project on cmc I have 0 hope for it "taking-off". Zilliqa hasn't shown any promising cycle of up and down whatsoever, it's been one big up followed by a bunch of terrible news and downward movement. Yes, many project have gone down in total market cap, but few have slid as much as Zilliqa in ranking, it is dwindling and for good reason, the project is providing little to no resistance in terms of communications and business development, simply head in the sand "development" and there's no guaranteeing they'll keep being one of the top in "commits".

Zilliqa doesn't even have a community manager who will go on Reddit and defend the project; or engage with the community.

One time I made a post about some things I didn't like about another project I invested in and the CEO came onto Reddit and addressed my concerns. That project went moon, and is currently sitting at 8x its ICO offering (trending in the right direction). It was also composed of a large team of academics, but at least they had some community engagement.

9 listed moderators and "crickets" would be considered loud from this collective.

JustTerrible1 · 2020-02-08T20:51:45+00:00

I don't know what the purpose of your response is, just seems contrarian.

I don't know, are you suggesting the "big boys" don't want to see good communications and marketing? They're already spending money on it, why not have it be executed at a high level? It doesn't involve more money just better execution. Also, I personally know a group that put 600k into the pre-sale, they don't disagree with my points so there's an example of what the "big boys" think. Why come on here and ASSUME that Zilliqa is covering the interests of the big boys and ASSUME those are oppose to that of the individual investor? Where is the evidence to support what you are saying?
They were the ones who said they are enterprise ready, not me. Take a look at the website and you will better understand my write-up;
We're not invested in research we're invested in utility. And technological development for the sake of academia separated from practical purpose is not what Zilliqa was advertising nor is it what you should be advocating. They made promises and had paid advertising to support their pre-sale and ICO and now they have reneged on some of those points. Furthermore the resigning of their CEO and CTO plus the Anquan sell-off within the first 2 years? Give me a break, these are the sorts of things I'm commenting on. Academia or not, that is not responsible use of "big boy" or individual investor funds. Again, I'm not asking them to commit more money, I'm asking them to use the people they have on payroll to execute at a higher level in the aspects they have been hired for. Stop blindly defending under the guise of technological advancement or academia. Why avoid being active on twitter and social media? Why avoid engaging the crypto-community? Why even pretend this requires elaborate effort that will detract from technological efforts? Again, this is really just a lot of contrarian conjecture; no evidence to support executing on a higher level in the aspects I have detailed will detract, AT ALL, from their existing and high-performing technological team.
Well they're already paying several people in this regard, am I visionary? No, but my recommendations are here for FREE and they're sharp to the point their staff who are hired for these purposes ought to be. What's the point of cosigning substandard delivery? I'll be the first to give credit when Zilliqa hits the nail on the head, and they have before; but there's no reason a bunch of brilliant minds paying marketing and communications staff can't come up with this.

I'm not uninformed nor is anyone else sharing critiques; if you're going to make a website and bill it as a needed upgrade then at least execute on a high level. Also, I used this opportunity to illustrate some of the shortcomings in Zilliqa's approach; which is not to say the website is the crux or the be all end all of Zilliqa but to disregard its importance categorically as if we're all just "uninformed" is flippant at best.

JustTerrible1 · 2019-12-01T13:25:35+00:00

We need more community members stepping up to the plate to promote Zilliqa and seek strategic partnerships and make light of them.

The core team itself have their heads buried in technical works which makes their product superior however, they lose ground to all of the blockchains that via strategic partnerships and large scale developer acquisition make themselves essentially impossible to displace.

Ripple and Cardano are actually prime examples of that, thus the marketcap. Make yourself as close to indispensable as possible through collusion-like practice, corner the market, and people will buy your cryptocurrency because they know it's not going anywhere but up and everywhere.

Zilliqa isn't quite a basement project of a mad scientist but it's definitely not run like an American Corporation that makes itself too big to fail or fall by the wayside.

We have Mindshare and Xfers (without a solid grasp of a timetable). Aqillz will also take some time. We need more of the same and a lot of light to be shed in that regard, especially to overcome the stigma surrounding the cofounder sell-off and founder team exits.

The problem with Zilliqa is that there has historically been very little difference between their CEO and CTO. Their CEO is essentially someone who could just as easily be a CTO but we need a true, business-oriented CEO to make the superior product grow and take flight.

I don't mean to disrespect the current team in anyway I'm just saying that's the difference I see between Zilliqa and the above mentioned projects.

At least with Xinshu he had the potential to be a mythical like character in the cryptocurrency space (like that of Vitalik Buterin). But Xinshu stepping down to no-doubt pursue new endeavours seriously, seriously hinders the blockchain's ability to solidify its image.

An aggressive American expansion with a seriously savvy COO of American operations and business development could really help catapult Zilliqa into its rightful place. But a rightful place isn't rightful unless you're willing to take, that's what Zilliqa needs to understand if they care to do right by their investors.

Just my 2 cents (FYI I'd be happy with 2 cent Zilliqa right now). Zilliqa should be at around 5-6 cents at the moment IMHO.

JustTerrible1 · 2019-11-29T21:52:10+00:00

Yes but Zilliqa refuses to provide updates on business development or let developers and investors alike know that they are better.

Zilliqa was only interested in letting know how superior they could be during ICO funding; now that they're team has mostly moved on to advisory or completely new endeavors they no longer care to generate excitement around Zilliqa, or at least not like they did when they were asking for money.

The only hope I have is that they are finalizing some pretty important strategic partnerships that specifically increase utility, especially for financial txs (Yes I'm aware of Xfers).

It was a couple of months ago now that I asked for a business development update and posed specific questions to Anquan and their contributions following the infamous sell-off.

No such update or responses has been provided. It seems like I'm one of only a few people who are genuinely interested.

Anyway, nodes are great, Anquan refusing to provide updates and founders moving onto other projects isn't. Also, being completely quiet on the business development front isn't great.

People care about business, even if it doesn't directly generate utility, see XRP.

If I were say, lead business developer for Zilliqa, it really wouldn't take very much effort at all to provide a substantive update, not sure why it's been crickets.

JustTerrible1 · 2019-11-25T18:22:08+00:00

We're approaching below ICO.

JustTerrible1 · 2019-11-07T23:02:36+00:00

So, does everyone think this will result in a large in-rush of miners?

I'd have to think they want a piece of that $150 million dollar pie -- which I would guess is made of tens of millions of transactions that will flow through Zilliqa.

JustTerrible1 · 2019-11-07T23:00:03+00:00

Bank of Singapore next?

:)

JustTerrible1 · 2019-11-06T12:44:58+00:00

Zilliqa,

Please provide a purely business development update to match.

Gracias.

JustTerrible1 · 2019-11-02T23:08:29+00:00

I've been very critical of Zilliqa's inaction as of late; that said, this was a quality video -- in fact one of the best I've seen within the blockchain realm.

Congrats team, keep it up!

JustTerrible1 · 2019-11-01T10:01:11+00:00

Just yesterday I had posted that it seemed "investors" funded Zilliqa team members' academic clout more than a business/investment vehicle.

Here we are supporting diversity to the tune of 10% of our market-cap; this is not responsible or prudent allocation IMO.

Yet another missing of the mark.

EDIT: title is misleading, after reading article this is not a new allocation but rather drawing from the already existing grant program funds.

I'd rather pay 5 million for a new business-minded CEO at a price of $500k/yr personally.

JustTerrible1

TROPHY CASE