Robert Phair
Oct 25, 2022

It's now 7 Dev Blog articles in which MELD fails to mention, let alone discuss, that it will *not* be lending fiat as included in their original business plan at the time of last year's ISPO and token launch.

Now I can see why these Medium postings are being produced by a no-name blogger (after Ken Olling himself had produced one of the earlier postings): to avoid accountability on that issue... especially after MELD's EMI or "neobank" status (entities which *don't* have the ability to extend fiat loans) was confirmed in an earlier Dev Blog article.

It hurts MELD's credibility, especially with original investors, that MELD is announcing weekly every bit-twiddle of their "lending protocol" while not saying a word about when, how and why their original promise to lend fiat currency from crypto collateral was abandoned.

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Robert Phair
Robert Phair

Written by Robert Phair

Writing & design for crypto standards and online security / self-determination. Supporting rogue investors, creatives, rebels, nomads, and the parallel economy.

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