Hey all, wanted to highlight a serious issue that I have recently been exposed to.
Over past weeks, there has been massive discontent from community members as it has become increasingly apparent that the executive in charge of GNation have done a lackluster job, to put it lightly- traveling and living lavishly without doing anything in terms of actual development.
Days ago, it was exposed that a faction of long-time GameCredits supporters employed by GNation unhappy with management have split to create GameCredits Foundation. This is massively unsettling because we now have a situation where the subset of employees responsible for what development has taken place over the past year+ are disconnected from the $200 million + ICO funds. Investors in ICO that have stuck around are in a position where their money sits with what amounts to little more than conmen.
I wanted to share this all with you because it represents an unsettling nature of ICOs which suggests that there is really no accountability by teams to deliver what they plan to do. This is coming from one of the oldest projects in cryptocurrency.
What do you guys think this will mean for the future of both currencies? Which have both absolutely tanked in the past weeks regarding the atmosphere of surrounding communities. Are there other currencies that could see similar fates?
both are crap projects. those dumb investors have been betting their luck on shitty icos called mobilecrap and gamecreshit. Look at how shitty both of projects.
They have no product or even a good development.