I think it's very telling that ned said:
working on R&D of new assets to avoid bankruptcy over several months.
Doesn't this imply that they are several months away from bankruptcy? Just the amount of time you'd need to power down your account and bail?
I almost feel like a whale needs to preemptively dump on the market and squeeze ned out once and for all. I'd rather rip the bandaid off quickly rather than deal with this nonsense. Anyone who can't figure out how to play it safe in such a volatile market doesn't deserve to be here.
Guys like @fulltimegeek are trying to offer SMT solutions by developing products solo. If one person can do that, what the hell is the STINC team doing?
ned gets a criticized on a daily basis. I would never expect him to open his books and feed the endless trolls he has to deal with. However, nothing about this situation is trustworthy.
While I do believe that @fulltimegeek is working diligently on his project, he hasn't published anything yet (no whitepaper, no MVP) besides a small tweet. When @ned published the idea of SMTs, a full whitepaper was shared at the same time.
If you want to praise someone, do it once the person has actually delivered.
Fair enough. The point I'd actually like to make is that we need to learn how to scale up in a decentralized manner. We aren't going to make it very far if everyone works alone or in small groups.