I was ready to believe in Fantom, and I even bought a stack of 70k FTM and was going to accumulate more, until I came across this archived thread during research:
warosu.org
warosu.org
Why didn't anyone address the op's concerns here, or address what the other fudders brought up in that thread?
Look at all the non-answers in that thread. All they did was respond with accusations of organized fudders
And then there's this "Anyone investing in Fantom deserves to lose his money." post, which has been reposted over 50 times on Zig Forums:
warosu.org
At first I ignored it as low-effort copypasta fud, until I actually read it then checked several past threads where it was posted, and noticed that nobody ever disproved what was brought up in that post; they just replied to the post with things like "stay poor" and "seething retard"
I'm sorry, but if no Fantom supporter on here can respond to these claims RIGHT NOW IN THIS THREAD by disproving at least some of the points made above, then I'll have to assume that Fantom isn't nearly as good as you guys said it was, and sell my stack to break even
I was ready to believe in Fantom, and I even bought a stack of 70k FTM and was going to accumulate more...
Other urls found in this thread:
github.com
github.com
aws.amazon.com
warosu.org
warosu.org
warosu.org
warosu.org
warosu.org
warosu.org
twitter.com
Really? No takers?
This shit has been proven to be a scam over and over
Any project that deletes their telegram is automatically a scam
I used to believe in Fantom, I have since moved on
nice FUD. not selling.
I trust Andre and he would not have continued to be associated with the project if it was a scam in any way shape or form, he has more integrity than just about anyone in crypto
Fantom: Return of the FUD
Sorry OP, the sequel is never as good the original.
This
Are you guys serious?
It's not even me posting the fud. I'm just reposting fud from others so that it can be refuted and restore my faith in the token, which I already have a small stack of
Can you please stop these flippant drive-by "fud, fud, this is fud" responses and actually EXPLAIN why the fud is inaccurate or wrong. That's all I'm asking for
BULLISH
Why would you seriously stake this? 7 days to take out your stack and then just miss out on swinging it.
Not clicking that shit link. What's the fud?
>just now discovering schizoanon destroyed the whole project with his biz rants
warosu.org is an archive site for Zig Forums and other boards, but for those who don't feel comfortable visiting the links for whatever reason, the posts say the following (the following are quotes from other posters):
I generally lurk, but this caught my eye
So I was reading a lot of FTM fud on the board all day and figured that they wanted to have people dump the coin so they could accumulate more. Turns out the coin is actually a shitcoin made by Russians.
Here's some proof I dug up from new commits.
> 1. (See image)
github.com
the already low TPS lowers dramatically if someone runs the tool they put on this repo with a couple of nodes. The more nodes, the lower the TPS. (even if there's only one attacker)
The results in this image can be found here (results made 2 hrs ago):
github.com
> 2. Some Russians created the above tool. The first link links to a Russian version of an amazon page for the ec2 instance. See: aws.amazon.com
Please unfud me, I'm all ears. I unironically sold most of my stack after seeing this.
I actually read Fantom's whitepaper and this tps number is, as expected, way overblown. The basis of the consensus algorithm is just DPoS.
1. a set of nodes is selected via DPoS
2. these nodes generate blocks as fast as they can
3. they settle on 'absolute time' using BFT (details appear very susceptible to node-level DOS but let's ignore that) and assume literally every DPoS node is honest). This is called 'atropos' and it also creates a dag of valid 'event blocks'.
4. then each node processes all !!!! event blocks from all nodes. When there's a conflict between transactions in paralell blocks, a transaction that's earlier according to the absolute time is chosen.
An extremely peculiar quote from the whitepaper:
>As each node processes all transactions that are broadcast to the FANTOM network, it should provide excellent transaction processing speed.
what this means: throughput is fundamentally limited to the parallel capacity of any individual node. This is inherently less scalable design than sharding, which makes the consensus parallel itself (each node only verifies a subset of blocks).
A detail of their 'lachesis' consensus is that it's _extremely_ wasteful in terms of bandwidth, as at worst O(n^2) bandwidth used for O(n) of processing. That's because nodes just spam every block they generate, but at worst only one block from all generated at any second is going to be valid. So each node generates n blocks, there are n nodes, giving n^2 blocks, but only n blocks turn out to be valid at the end.
This is a really absurd design decision. If they forgot about their absurd 'DAG' design and just moved block generation to one node at once, but with parallel processing (same throughput) all that waste would be avoided.
This signals to me they have no idea what they are doing, so the real TPS - for real transactions, not specifically designed parallel tests - is almost certainly going to be in the low hundreds.
Looks like my estimate was actually too high.
Anyone "investing" in Fantom deserves to lose his money. This is an OBVIOUS scam and Ponzi scheme. Fantom chink team exit scammed long time ago. Scammer Andy replaced them with Russian temp devs so the scammers would still have some kind of "product" and "devolopment" in order to dump on low IQ investors. Fantom promised a 300K dag with smart contracts. Everyone with tech insight knew that was impossible due to the rubbish tech solutions in the white paper.
Here:
warosu.org
warosu.org
So when Fantom scammers delivered their utter garbage product, a fork of Ethereum Virtual Machine with some dag like garbage on top of it, even the most deluded Fantom bagholders would normally have seen something was wrong and start to dump. What the Fantom scammer team did to prolong the scam was to introduce a classic Ponzi scheme with absurd ROI that is unsustainable.
warosu.org
But they don't care about that, as it all is designed to attract short term money so they can dump for a couple of months and then complete the exit scam. There is no working product, the "partnerships" are either paid for, mostly in corrupt third world countries or just fabrications. Bitconnect also faked a partnership with Visa, paid for partnership and positive editorials. Fantom is doing the same thing. Their tech is utter shit and there will be no magical "packaging" of transactions, insane claim, so Fantom suddenly and magickaly can get high TPS. This is the sad reality:
warosu.org
Michael Chen did a similar scam earlier on, as a warning for everyone to see. This Fantom scam is just as obvious as Bitconnect were. Here:
warosu.org
More about why Fantom is a scam here:
warosu.org
I forgot to post this image, it goes along with this post
Forget it op, you'll never get straight answers from the delusional bagholders
Just be glad that you were able to see through the bullshit
FANTOM IS A SCAM!
THANK GOD FOR ALL THE BIZ POSTERS WHO DONT WANT ME TO LOSE MY MONEY - neck yourself faggots
nice FUD justb ought 100k thx
Lol there's nothing of substance here. I can speculate every crypto partnership is like bitconnect. People quitting their job is also fud now?
As for the tech Andre led the tech team for awhile and now he's an advisor. He wouldn't put his name behind anything fraudulent.
The rebuttals in this thread so far to the facts presented:
>nice fud
>I trust Andre
>return of the fud
>nice fud (again)
SAD!
WHEN WILL YOU RETARDS GET IT - MOON OR BUST DON'T GO ALL IN BUT THROW IN A COUPLE ETH IF YOU HAVE A DECENT STACK - NEVER SELLING (UNLESS IT GOES 5X THEN I'M SELLING)
There is no facts tho. Just because you say something like "third world partnerships are scams" doesn't make it true.
I appreciate you putting this together OP and I am listening.
Look at these faggots blatantly avoiding this scam's technical deficiencies and lies, lmao
TOTALY NORMAL BIZ POSTER NOTHING TO SEE HERE YOU FUCKERS AREN'T EVEN GOOD AT THIS
Even my damn ID is saying "lie! omg!" to this fucking scam, kek
You ok there bud?
NO
Can't help but notice that too
based on what ive researched on this coin user, FTM's uses ETH's VM which hardcaps TPS. They will eventually be able to no longer have to use ETH's VM for this and thats when the actual TPS they promise comes to fruition. Either way, of course its a risk, as is everything in crypto. theres your answer, if you have any other questions lmk
CAN SOMEONE REFUTE THE FACT THAT THIS IS EITHER A 60 YEAR OLD WOMAN OR A STREET SHITTER 13 YEAR OLD
schizo is back from his vacation it seems
missed you pal