When I first joined the threads of HotCopper a number of years ago, I was guilty of trying to shame a poster, like yourself, who gave negative info about a stock that seemed poised for a bull run - especially if we were to believe the positive announcements that the company kept issuing. This poster was ridiculed by the vast majority of posters on that thread. Fortunately I got out of that stock before it crashed. I bet most of the other posters wished they had have got out too. I've never seen that negative poster on HotCopper again. I wish I did because I would extend my sincere apologies to him if I did. This is far from the only incident I have come across at so called down-rampers being right about particular stocks. I encourage you to post any further information you may have regarding the possible negative aspects of Yojee. especially if you can back it up with research. I believe it's very healthy for investors to be exposed to both the good, the bad and the ugly of a stock they're invested in.
I have repeatedly sent Yojee emails asking for information regarding their current blockchain status. I've only ever received one back that was practically indecipherable. Not because it was to technical but because it was elusive. My guess is that my email was answered by a junior administrator, so I'll give them the benefit of the doubt but I have a new email questioning Yojee about their current status with Ethereum. If anyone here goes onto the research page on Yojee's website you will find a published paper outlining how Yojee are affiliated with Ethereum and, I guess, hoping they will improve on both the speed and security of their Smart Contract technology. My research shows that Ethereum have a long way to go. Back in 2018 I remember reading an announcement that Yojee were hoping to implement smart contracts into their technology within the next 6 months and I've been waiting for an update ever since.
Why are smart contracts important?
I believe smart contracts are the glue that will tie all the benefits of the new blockchain technology together. Blockchain, with it's unique accounting ability along with the protocols that can be infused for cross-border legalities, will only be complete when accompanied by a payment system that's complimentary to the speed and efficiency that blockchain promises. Until that time, I'm not convinced that blockchain is any better than any updated versions of the current systems. Would love to hear from any technical posters here that can elaborate on this.
I initially invested in Yojee on the "potential" they have in the blockchain domain. Perhaps they do have technologies that are market leading, which would be great, but right now they're not sharing with their investors. This could be because of market sensitivities and not wanting to give their competitors any insights - I hope so.
Please, everybody, keep up your posts whether good or bad, I for one enjoy reading them all.
Cheers
Rhama
YOJ Price at posting:
5.0¢ Sentiment: None Disclosure: Held
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