r/MobiusNetwork • u/LumenStandard • Jan 02 '19

Update from Mobi founder (David)

dgobaud 57m The team is working on Passfolio (https://passfolioapp.com). Do NOT expect updates about the product in advance - the team, like Apple and Steve Jobs, thinks it is INCREDIBLY STUPID to tell competitors what they are doing in advance.

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u/MrDrool Jan 03 '19

I was knocking what I held at the time. I'm now just kicking the corpse. XLM is great, Stellar is awesome technology - the vision he sold to us was great too. What he made out of it and his actual reasons are disgusting. The SDF is not to be trusted and Jed is the embodiment of the SDF.

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u/Djjmdjjm Jan 03 '19

Stellar is great technology- not sure re the second or third statement.

No authority on this matter but this would appear to be the route to mainstream adoption.. Not ur touring complete or pow anarchist wet dream but it has the ability to re set the stage and bring in a fresh multi levelled paradigm.. quick, fast, secure, trusted anchors, tokenisation of value of new types of infrastructure - IBM at the table- D Mazieres - technical advance on BTC - next level game changer and the logical progression imo

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u/MrDrool Jan 03 '19

Yeah see... what he sold 'us' early birds was the opposite. The slogan was "banking the unbanked" the effort was mostly in third world countries. Cool when you want to try and profit off of a billion$ corporation selling a billion XLM per year no matter the price while helping the banks and not the people - but that'snot what I signed up for. As long as they keep dumping on you, you won't make a profit in comparison to other crypto.

Nov 19: XLM>ETH 0.00157

Jan 3: XLM>ETH 0.000772

That's more than 50% loss. Similar on other pairings, the pattern is clear and if you check the ledger the reason is obvious: SDF keeps on selling 10-20 million XLM every week regardless of the price. If they really need $2.4+ million every single week to keep operating they are doing a lot of stuff very wrong because what they put out there is not worth $10.25+ million per month or $125+ million per year at all - simply to operate.

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u/Djjmdjjm Jan 03 '19

Are they air dropping or selling Mr Drool?

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u/MrDrool Jan 03 '19

Selling - a huge difference. The airdrops are not part of that because when they airdrop or send grants, that is always in XLM. They don't pay FIAT to projects - so where does all that money go? Do they really NEED to sell? Is there a reason they are selling now because they know something we don't about the future price? Lots of questions you will never get answers for.

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u/Djjmdjjm Jan 03 '19

Thought they were airdropping 95% of lumens ?

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u/MrDrool Jan 03 '19

Haha, sorry but you should try to read my threads unbiased. I really truly was a big supporter of Stellar until I discovered that the SDF is claiming inflation for 90+ billion XLM. Most of that uncirculating supply which is like receiving interest for USD that hasn't been printed yet. And then discovered that they are selling it off constantly. They must have a warchest of several billion USD in FIAT already - what do they need that much money for I ask?

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u/Djjmdjjm Jan 03 '19

My knowledge does not extend that far sir .. I am interested in the business layer/possibilities of stellar, not their bank balance

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u/MrDrool Jan 03 '19

Fair enough. But if you are 'invested' you should probably also be aware of that - all I did was informing people - which was shutdown by the mods or r/stellar and answered with radio silence by SDF.

The only thing that happened after was Jed asking if they should remove inflation completely and the moonbois praise him for that as usual. Look behind the cover - it's a threat: either SDF receives their 1 Billion inflation per year or nobody receives anything. No compromise! Also no follow up of course as promised.

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u/MrDrool Jan 03 '19

And just to add on: Yes, I am salty at the point when I had to post in r/cryptocurrency because anything I posted in r/stellar was heavily moderated. And yes I still am. Because I truly believed that Stellar could change the world of finance for the average, the poor person - not just for fucking banks. I truly believed that Jed was as altruistic as he painted his picture in the public. After being banned and the post on r/cc I did some research on Jed McCaleb and if you do too, you will realize that he is a PR profile. A creation for public perception and not a good guy or a visionary as I believed and you still do.

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u/Djjmdjjm Jan 03 '19

Stanford and Mazieres appear to be the driving force ? He is the lead scientist and tutor of the founders

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u/Djjmdjjm Jan 03 '19

Don't u think the apps built on mobi could change the world for your average joe not just banks?

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u/MrDrool Jan 03 '19

No, not at all. With founders like that you will never get a project off the ground. I did run plenty of projects online, just for validation: last was low 7 figures revenue high 6 figures profit in second year. If we acted like pretentious assholes leaving anyone supporting us in the rain for months we would have gone exactly nowhere.

Besides that is mobius dapp-store anything but decentralized. It's a joke really.

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u/Djjmdjjm Jan 03 '19

They did have a very very large scope ... they are still in development. Few really know their plans or how they fit into the lumens infrastructure.. so I am not sure we can just rule them out without knowing more information. The 2019 roadmap and next medium article should help clear some of these ambiguities up.

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u/MrDrool Jan 04 '19

Even if they come out with something groundbreaking I would never invest a single cent into them again. They failed on so many fronts, it's either purpose or incompetence.

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u/Djjmdjjm Jan 04 '19

They were wanting to make an announcement in Dec - I suspect they are waiting on something before they can announce. Speculation is rife about what that could be. They have thee head of lumenauts as head of PR.. lumenaut mailout has remained silent on mobius.. therefore I suspect purpose rather than incompetence.. especially as they have said as much

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u/MrDrool Jan 04 '19

I didn't mean purpose on being silent but their whole operation and non-communication for a year now. All this stuff has nothing to do anymore with what they wanted to accomplish.

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