to regain confidence? it's pretty obvious that this is what's preventing syscoin from following any up trend. The other fundamentals would have make it skyrocketing by now, but confidence is the most important actually
trust in what? or in whom? if that happens with a bridge, really believe that people are going to continue using bridges...?here it is complicated, and on top of that when they had to distance themselves the most, they are taking out important things that are not reflected and therefore It seems that the offer still exceeds the demand and it is not a good scenario... Years have been waiting for this process and meme coins are these days having a better behavior than us, it is something that the team should see and evaluate what is wrong....
yes it's sad. I don't think they believe people will trust them without further action😔 Someday they may do something more to provide security, but only a few people will know in advance, because now they only say "oh, shit happens, let's hope multichain finds the "lost tokens". The multichain "problem" is affecting other chains, of course, but no one can deny that this is much worse for syscoin. I don't know, at least they could take legal action against multichain on behalf of the community
Why is it worse for Syscoin?
one dex, one bridge for btc, eth, stables... told to use by syscoin official, all them with their value lost. It's pretty obvious but somehow it's needed to state because it seems it's not true if we deny it. Everything while we need to convince people to use a new bridge to prove the value of the new technology
I think you are wrong personally There’s like 400k worth of tokens on Pegasys linked to Multichain. Multichain have over a billion worth of tokens. Pegasys is a tiny part. Say it’s 400 people on Pegasys have lost 1000$ each. It’s not going to make much difference in the long run. I personally have lost 7k. It’s crypto. Shit happens, can’t obsess over it.
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