I advise everyone to stay away from ICP before the ICP financial model makes major changes.
Next, I will tell you a few truths. I will first make an outline, and the logic and data will be supplemented later when I have time.
1. Is ICP technology powerful? Powerful. But it is just that, far from what they call "Alien Tech." If you want to refute me with technology, then I say that everything you say is right. Putting aside technology, let's talk about something else.
2. Has the death spiral of ICP been lifted? No. The U-based monthly salary means that starting from the 11th of each month, a fixed and large amount of ICP will be thrown to the market. If the market does not have a very stable takeover plate, the switch of the death spiral will be pressed at any time.
3. Is the plunge of ICP really the reason for SBF's short selling? Not entirely. Or most of it is due to ICP itself.
4. Has ICP achieved decentralized democratic governance? No. Dfinity and its associates have absolute voting rights. They are a super-centralized foundation group that can decide everything about ICP with one vote. Therefore, they never care about the opinions of the community and investors, because you will definitely lose if you rely on "democratic" voting.
5. Will ICP eventually turn from inflation to deflation? The probability cannot be said to be 0, but it is infinitely close to 0.
6. Is the pledge of ICP reasonable? Unreasonable. The rules are very complicated, and the most important thing is "no early redemption allowed".
7. How is Dominic and the foundation's "character"? Not very good. As the saying goes, the essence of investment is to invest in projects, and the essence of investing in projects is to invest in the "character" of the project party. It's not the first time that there have been weirdos, bounced checks, extensions, and empty checks.
The next article will talk about 1: Is ICP's technology very powerful?
The above is not a short-selling suggestion.
