Will the tide Change

in pnut •  3 years ago 

So Nutbox has had a massive loss in delegation, but will people return? Possibly, they need to get the rate of return up, and people will come back. Seems to be why some people left, while others left over the hack.

One thing everyone seems to be forgetting is that other projects have had hacks, and went on to be successful. Leo is a example. One of their pools was drained the same way. High yields and time will cause people forgive or to forget.

forgive-forget-move-on-succeed-260nw-574976794.jpg

But this might have been the shake out needed to get yields up again.

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The problem I had (and why I removed all the delegations from my accounts - I didn't even know about the hack) was because the @nutbox.mine voting power was always so low that you could no longer send PNUT through for upvotes... so the only point to farming PNUT was then to sell it off...

I assume everyone else was doing the same... which increased the selling pressure, which drove the price down, which created a perfect situation to then just abandon ship.

Ya, I could see that, which with the halving it killed the returns and made it not profitable. I hear ya. I bet they get it back to paying good again.

If they do, I'll be back... but the absolute key (IMHO) is that they actually have enough VP to cast votes when people send PNUT