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Total Economy: 0.52 USD
TAAL Continues on Its Promise of Expanding Enterprise Blockchain Infrastructure Service With Acquisition of WhatsOnChain https://www.newswire.ca/news-releases/taal-continues-on-its-promise-of-expanding-enterprise-blockchain-infrastructure-service-with-acquisition-of-whatsonchain-861313972.html
raymond tipped:
0.1 USD
1 year ago
acmonides tipped:
0.22 USD
1 year ago
BitcoinOnChain.com MetanetInfrastructure.com OpReturns.com are for sale 100 BSV each
What are people's thoughts on this acquisition?
satoshisdisciple replied:
At this stage I’m not sure. I need to understand better how TAAL will use/improve this service first. Maybe it will be mentioned at CG conference.
jack tipped:
0.09 USD
1 year ago
musiq replied:
It's a classic TAAL spin. I'm not a fan of their PR. They act like a Fortune 100 company instead of acting like a startup (which they are). This trend of acq-hire will continue as the economy struggles. They will keep spinning it as "This is great for BSV", but they're nothing more than garbage collection of dead companies who ran out of money. Reading through their acquisition condition, this is a terrible deal and I don't know why the founders took it instead of just getting a job at Google or something (assuming they're talented developers). "The three co-founders of WhatsOnChain have agreed to lock up agreements pursuant to which, in addition to the 4-month hold pursuant to applicable securities laws, one-half of the Consideration Shares will be locked up for a one year period and the remaining Consideration Shares will remain locked up, subject to release only upon the achievement of certain development milestones by WhatsOnChain over a period of five years. Any Consideration Shares which remain unreleased at thereafter will be redeemable by TAAL for nominal consideration." Correct me if I'm wrong, but this almost looks like a slave contract. Their next 5 years is locked into TAAL and this is only if they complete the whole tenure without being fired and "achieving certain development milestones". And all that for the 2M GBP? Assuming they never raised any VC funding and there are 3 founders, this is not worth selling your soul for 5 years.
jack tipped:
0.09 USD
1 year ago
jack replied:
Ya... I've never been a fan of the milestones approach, but I definitely get taking what's on the table + an opportunity to continue working on the business you are passionate about. Financial security + a job you love is more than satisfactory to many, although I do admire those who always want more ;)
raymond tipped:
0.02 USD
1 year ago
raymond replied:
I don't pretend to know how all the business side of things goes down or what their plans are in the future. But I'm 100% sure that block explorers like this one will play a far bigger role in the future then they do now,so try to keep an open mind. All the best.