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10 sats \ 1 reply \ @phygit 3 Dec 2023 \ on: Why all the UMA hate? bitcoin
Not totally related to this interesting thread but, at the very least, I question the choice of the name UMA (conflicting with https://uma.xyz, in existence since 2020, oracle data on Ethereum).
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0 sats \ 0 replies \ @nikotsla 3 Dec 2023
Maybe they use the same blueprint:
  • White paper
  • A lot of marketing
  • No way to be profitable in the next 5 or 10 years (reach visa/mastercard level)
    • Pay integrator to use of the system
    • Pay regulators to make bills and enforce their rules
    • Income? sats per invoice routed?
  • Need "investors" to maintain the fake
  • Go burst.
I am not talking about ICO but... it's the same rhyme...
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