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Kwontik Profile picture
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3 Jan, 5 tweets, 3 min read
Why is #VeChain rushing into launching its own #VeUSD stablecoin ?
It all started with this tweet from 3 days ago :

And it continued with Sunny Lu showing interest in this idea, 2 days ago :

Today, I was very surprised to read an official #VeChain announcement regarding this stablecoin proposal, just 2 days after Sunny Lu asked for support in developing the idea, with Tokenomics Design and all.

It seems that all of this was already planned since early November 2021 and it was not rushed. Glad to discover that a proper amount of research was poured into this before making the official announcement. Good work, VeChain 👍

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Kwontik Profile picture
30 Dec 21
Excuse me for asking a brutal question, but what's the difference between the @Strongblock_io #STRONG scheme and a pyramid/ponzi scheme ? Where is the money coming from if not from newer node buyers ?

Spending $5k on a node & recovering that investment in 3 months is kind of 🚨 Image
"A #strong node does NOT need your computer to be on in order to be active AND is NOT a validator or miner type node BUT can prove transaction history."

So, you buy a node that you cannot 'control'. You trust @Strongblock_io to do something with the node money. Is this correct ?
"Our nodes "catch up" to the current transactions on the Ethereum Mainnet, then they continue to store a copy of the blockchain. Our nodes can also prove transaction history."

Question is, how do you know @Strongblock_io actually invested your node money into an actual node ?
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