the plan going forward? why did nexo request a pause from the auditor?
Please refer to the above answer.
So what is stopping you from exploring better alternatives while keeping the existing solution in place? To me this sounds like “Hey, we believe we can do even better than safety belts so we decided to remove them from from all our cars while we explore a better solution.”
I don't think you understood what they meant. Anyway, I have full trust in nexo, they are only company that show that their reserves actually exceed their liabilities, the rest just bragging with the meaningless digits.
Sometimes good things take time... like more than 4-5 days time. I'm sure that nexo is working on a better and more transparent solution for us all right now, so why not buckle up and wait a bit?
Eitherways, this was not the first time moore had "technical" issues and the attestation was not updated daily, I prefer to wait a bit and have a clear update everyday rather than rely on moore.
Perhaps because the article where they try to justify this is an endless word salad. And sorry, I really don’t care about how much you trust Nexo. The CoinLoan group was filled with people who trusted CL right until they they lost their funds.
I wouldn’t be surprised if there’s anything I haven’t understood considering the gigantic word salad Nexo produced in order to justify stopping the existing real time audit. And sorry, but your vote of confidence in Nexo doesn’t mean anything to me. TG groups of competing products who went bankrupt were full of people claiming they trusted the product, until they lost all their funds.
If it’s only 4-5 days (source?) why not just keep the existing solution in place…
You need source of what exactly? I was referring to the time the attestation has not been updated
Why keep an exciting bad solution when they can find a better one
They announced back in January that Moore is a temporary solution, how many times can they repeat one and the same thing? Let's keep it calm guys, there's no need to overreact.
Because this is a sensitive matter. Such decisions should be announced and explained beforehand.
I’m only questioning why they ended the temporary solution before a permanent solution is in place.
Yeah. It was announced in January.
Moore was buggy. I am 100% sure they are currently working on smth new because that's a priority to them. I trusted them before the attestation, and they proved me right, so I'll trust them during the transition period too.
Still better then nothing
Yeah! And the only one which shit didn't hit the fan on 2022 and definitely this is a really big milestone. The problem is some moon boys got rekted because they put their money on any place without any research and unfortunately they were scammed or stealed and now they think any business with a similar profile (exchange, lender, defi protocol, etc) is also a scam
True, kinda sad that well run companies like Nexo get bad rep. Props to Nexo for doing what they do
And scammed people argues with "they told me funds were safe"... ok so if your money is really safe you pretend they say it isn't?? Quite simple, do your research and even with doing that you are not completely sure what will happen so control your exposure! But definitely you could not begin saying to anyone that he's a scam
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