Tenx is not what most ppl think.
I used to think Tenx is great company. Extremaly open and truthtelling.
I did order card from tenx almost 2 months ago.
Till yesterday i did have 3000 PAY tokens.
I did really trust them.
Since i am kinda suspicious and i like to get my doubts cleared i asked brandon.tenx on their slack what will happen if BitGo which holds all private keys goes bancrupt.
I got replay that it will not affect Tenx becouse it is actually Tenx that holds all keys.
So why BCC was not delivered to their customers.
Reply was: Becouse it would compromise security.
But if you recall different story was written 2 months ago on Tenx blog.
"In case of a potential fork, our partner BitGo (who is handling the users’ private keys) has not announced whether they will definitely support any other than the SegWit chain. This means, should there be a fork that sustains and you definitely want to be on both chains, you have to move your Bitcoins into a wallet whose private key you control. (
https://bitcoin.org/en/choose-your-wallet) Remember that you have to withdraw your Bitcoins before July 31st because on that day we will not allow withdrawals or deposits."
Source:
https://blog.tenx.tech/tenx-and-a-potential-bitcoin-fork-on-august-1st-8e64fb9481f8What does that mean in my opinion:
Tenx has access to private keys but they didn't want to compromise security or they didn't want to handle it so they lied telling story about Bitgo, that it was Bitgo decision if users will get their BCC or not.
They LIED.
I don't care about BCC, i don't care if Tenx didn't bother about users BCC.
I care that Tenx to which i did put a lot of trust, and i considered it a GREAT company because they are always 100% trustworthy.
But once they got caught on a lie, I would like to get explanations, but I never got any.
I got accused about spreading FUD and i got banned from Tenx Slack.
Well was i really spreading FUD? I found that Tenx lied. I was the one who had Uncertainty, Doubt becouse i noticed a lie, i would really like to have this Uncertainty&Doubt removed by some reasonable answer. But nope - ban was easier. Who cares about truth - it is easier just to close inconvenient topic.
Was it really eazier? For a company of which "creator" always says truth and transparency is very important.
That lie was the stroke that broke a camels back.
There were also other issues:
1)
Customers who were in card queue since August or earlier (cant remember exact date) were promised to get card till end of October? or September.
Seriously ? I paid for card in 25th of July. 2 months ago and still no card nor any email about progress. For sure i will not get card in September. October dosn't seem likely as well. Shipping usually takes 2 weeks.
2)
Julian said Wavecrest issue won't affect Tenx - it is not really a truth as well. It does affect Tenx customers. If you want to think about tenx as a company 100% independant from customers than yes it is truth, but customers did get affected. I am from europe so i didn't care much about it. But it was a "Red Flag".
3)
Eth wallets were promised to everyone - Not delivered.
4)
Julian said he dosn't care about PAY value or about traders, and he dosn't care if traders will get reward from Tenx'es card users traffic
Seriously? 25M PAY tokens is inside Bittrex. It is 25% of all tokens, and he dosn't care... whatever.
5)
point 2+4 really sound like "I don't care about you, i don't care about our customers," Those issues will affect YOU - our customers, but it won't affect TENX. It is your problem, not ours.
Seriously how long will tenx last without customers, without profits?
It will last only as long as they still have cash from ICO, as soon as ICO cash is burned Tenx will go bancrupt.
I really didn't care much about 1,2,3,4,5 becouse i TRUSTED tenx.
But if i get lied, and banned and my questions are not responded but they are censored, than i can't trust tenx any more.
I got very disappointed, i feel my trust was abused.
Am i really spreading FUD - No it is tenx words that did create FUD i am just a victim i asked for help. Asked for explanation and all i got was kick in ass, and middle finger was shown to me.