Hey legends. Quick FUD response. We're still alive. I still run Fringe.

16 May 2022, 02:41

Hey legends. Quick FUD response. We’re still alive. I still run Fringe. Same as last month and the month before that and the month before that. But i appreciate the consistent concern for my life. One of the former community members said I was offloading millions at Ascendex. That was nonsense. Chain is public. It’s stupid to even lie about that. Neither Fringe nor I, as a private investor ever sold a single dollar of Frin on Ascendex. The only times we send to Ascendex are for MM or to top up the helicopter money we allocate to rewards. One of the more delightful events this month was a particular community member went around saying I was under investigation. Fun! But Again nonsense. Never have been nor am I presently. Unless that particular community member is so well connected that he received notice before my lawyers, he is lying. Aside from a vocation of antagonising banks and writing to politicians, I don’t really engage in activities that would ever compromise my legal standing. If however there is or was any documentation, please share it publicly so that I may be apprised of important events in my life as well. Our Fringe team is constantly grinding. In fact we temporarily added a few personnel all contributing to product dev. They have been assigned from either my investment company or are an associate lending a helping hand. Note they are not formal employees nor are they here to stay. They were specifically recruited to get our product suite out the door and polish up some important items. We are fortunate enough to have a legend who has provisioned an eloquent liquidation solution for us. Big props to @Corey3 🙌 Regarding when launch. We have emphasised a clean code and security first approach forever. I know that’s an “exotic” approach in crypto and considered widely unpopular, but we will continue with the ethos to build slow and DONT break things. Luna is just one of a multitude of lessons just this year as to why. Not that we share issues and not that you can control all things but best efforts etcetera. The audit mediation requires that same adherence. Yes it’s frustrating but imperative. I am Sorry about this but hands are tied. A little note. Do you know how crazy some of you sound when you say things like “CAN WE JUST GET AN UPDATE AAARGH” when our last monthly update was 2 weeks ago. If you missed it it’s here: We do this every single month without fail and more. As to Brian’s existence, he does live pods and video interviews on the regular. His conviction and commitment is irrefutable as are Carlos and Konstantin who are constantly frustrated with me because I don’t approve the big marketing budgets they want to deploy for you guys. Reason being I’ve been expecting a big downturn since late 2020, throwing capital into a depressed market will generate a below sub optimal ROI on marketing spend. Tap is running heavy as is. Same applies to launching product. Last thing we want to do is take all this time, suffer in patience and then flop. I’m not saying our protocol won’t perform well in a bear market, theoretically sophisticated investors will want credit against collateral so they can build a larger position at depressed prices in anticipation of the next bullish sequence. There’s many caveats there though ie sentiment, trust and assumptions of sophistication levels at mass to name a few. We just need time to build the reputation following product launch. I don’t talk about price however I do want to say there is no reason to panic about it or rush. Bear markets are rarely fun for anyone but are a natural and important period in a cycle. I am a risk positive investor, so I lean in pretty hard and live quite far out on the risk spectrum. Therefore times like these hurt my book value considerably. The most painful part is that I carry a heavy burn rate. Point being I’m in this with you guys too. It stings. Everyone is feeling the pinch. Crypto, macro guys, funds. It’s not fun.