This might be the ultimate market bottom signal. Not the Splinterlands bottom though. What an absolute dumpster fire that just doesn't stop burning.
Sorry to everyone who just lost their job. This core team needs to hire someone who understands the basics of supply and demand before they hurt more people.
The funny thing is I was writing a post about how I thought the team was in trouble and needed to push dec higher to make use of their huge dec holdings. Then DEC shot up and they came out and said it was them buying so I thought wow, either I'm dead wrong or they are making an enormous mistake. So I scrapped the post thinking I must be wrong. I mean, they can't be that dumb, right?
Nope, wasn't wrong. What were they thinking buying up all that DEC when clearly they were on edge? Oh right, they thought Lux Vega would push it all the way to peg (just like they though Tower defense packs would) and they could unload it a few bucks richer. Oh and Matt's flywheel (free energy machine but for money) would kick in.
I don't believe for a second this FTX thing is anymore than the excuse they were looking for after everyone of Matt's brilliant schemes didn't work to create the summer of Splinterlands they believed woudl save them. It's a good game and an interesting economy but Matt is not some super genius and selling whales lots of stuff so they can drain the economy of everything smaller players bring in is not going to bring peace, prosperity, or freedom to anyone.