I don't want to HODL but I like crypto

[johnarb]

On this claim I call bullshit. No single line of code for contracts or assets, only some marketing material on the frontend. Not even a single line of code for the frontend, just some text file containing a few lines of bla. Exactly what I suspected and claimed before. Take a look at below Screenshots from YOUR link. Great hot air project you are seemingly invested in. It's perfectly clear now that you are nothing but shilling for a dead project that never got off the ground in the first place.

Am done with this discussion, it proves exactly what I said.

I'm not a developer but there are a lot of smart contract codes on the github repo

The Technical Documentation link is supposed to be in plain English very high level descriptions

There are a ton of smart contract codes written in Solidity programming language

It is not a dead project, it's active now, and smart contracts are being executed at minimum every 6 hours these are called epochs

 

[johnarb]

It's perfectly clear now that you are nothing but shilling for a dead project that never got off the ground in the first place.

I'm not shilling the project as I told you on my initial post in bold and underlined letters

To be perfectly honest, you are incapable of investing in Tomb Finance as It is extremely difficult and only the most experienced crypto person can do it

The project has over $1.5B worth deposited to it and verifiable on the blockchain of the Fantom network. It was less than $1B when I got in about 2 weeks ago

I own over 5 Tshares and over 10,000 Tombs

 

[johnarb]

I know you're no longer interested in the smart contract discussion @Mazedonia

Here's a hypothetical question for you, what is protecting the $1.5 Billion of crypto assets value deposited on the Tomb Finance platform?

Can't the developers simply make a change in the code to withdraw all the assets, exchange them for stable coins and run away?

Smart contracts have rules and there are many safety features, one that is very important is a concept of a time-lock, which means any changes to the code cannot be executed by the blockchain (Fantom Virtual Machine) until 24 hours (fairly standard practice) or longer has passed, this one would probably be 48 hours as the there's a lockup period for stakers of 36 hours

This will allow everyone to remove all the crypto assets deposited on the Tomb Finance platform if a change is malicious and we can dump them on the market. It's not ideal for everyone as it would cause the prices to crash so it hurts everyone including the developers

This is part of the game theory mechanics with a lot of DeFi projects. It's more lucrative for everyone not to scam

And DAO's are decentralized autonomous organizations, so the changes such as upgrades and new projects are voted by the holders of governance tokens (Tshares, Treasury Shares holders like myself)

This is why the open source nature of the smart contracts are crucial and there have been many scam projects that have run away with the funds, a term we refer to as a "rug pull"

 

[Trader Curt]

I think it's safe to say at this point that Mazedonia has already made up his mind no matter what kind of proof is shown to him. He continues to defend his claim that nobody can explain to him on how a DAO works even though we have shown him multiple examples that even a baby can understand, clear as black and white. But he refuses to admit he is wrong and still wants to defend his wrongful claim even though everyone knows its crap.

I'm not trying to call him names, but isn't this the definition of ignorance?

Ok, now time to block him again...

 

[Swiss_cheese]

Just trade instead