RE: Shut Down, Undelegate Now
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Perhaps, it was like this by design. Since late Sept., early Oct. it was very obvious, undelegated and sold everything then. For me, it was obvious, it's a scam. When maddogtime, watchlist account network manipulated the daily DVS drop after staking, it got totally screwed and nothing happened to stop them, ban them, make a 'fork' based on earlier balances.
And other big delegators considered it as 'market capitalization'... :) not manipulation. So it's very suspicious. There is a real chance, the hole thing was a collusion by some of the big delegators. They all stopped delegation months ago, asap got huge DVS, and they kept selling it to the small guys for months... the greed factor...
Perfect example, why Hive will fall, but definitely won't be a winner!
Why would I design it to fail? I made nothing off of that happening, and lost 90% of my income from the project.... Comments like these are why I'm retiring from HIVE.
Anyways, no one is happy when a project fails.
60% of the time one of my programs (or bots) requests information from a node, the node returns an error when it used to just receive information and run 99.9% of the time. A project can't run only 40% of the time it's supposed to.
from average user point of view, it pretty much looks like this. The delegation rew. manipulation happened 1-2 months after start. You did NOTHING against that, so you were completely fine, most of people will lose very much on it - except the manipulator(s) and few other big delegator.
and top of this, it was running further, while they can sell their crap DVS, and of course, they undelegated couple of weeks after this wonderful event...
so yes, it pretty much looks like a SCAM!
and projects like this why I'm retiring from Hive...
Actually I adjusted the code making that manipulation impossible again, that's the exact opposite of nothing.
I work a blue collar job 60+ hours a week, I am responsible for 8 children, I have too much on my plate to argue with an unknown human... Regardless of how you FEEL, the facts are as I stated them
well, I know that, but after the exploit was done, it was like kiss to a dead guy...
anyway, not a big loss, and actually, it made me dig a bit deeper in Hive, and partly this made me recognize the ugly truth.
There are a few good projects on HIVE.
Just my 2 cents but I dont think this was a rug or set up to fail. HIVE is simply not big enough to make a rugpull worth well. haha.
Sorry to hear about you losing some money all the same.
Not many left though, don't you quit on us! ;-)
😘
We can bring back DHEDGE easily. What actually is missing here?
hey, as a former large delegator I can only say that I tried to maximize the APR and didn't have any alterior motives... I am quite confident that we would still have DVS if the code wouldn't have had a flaw. Seems like there are no second chances in crypto