from ONO to TECHNO

I know, it is not #technofriday and it is not #danceweekend and yes #musicmonday is behind us (or in front of us); But I really needed to listen to and subsequently share with you some good music to relax my brain. Well brains? A few cells only :)

PPB

^{Press Play Below}

...while we are listening; do you know the new-ish social network ONO? The Chinese one with the ambition to go international? From the creators that watched and analysed Steemit carefully - the issues at hand - and came up with an concept and whitepaper that should have addressed the issues that can be expected?

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Well, if you don't, thats fine. If you do know them, thats fine as well :)

A few days ago they removed the community governance structure, all Super Partners were 'laid off' so to speak. Good for some due to low-performance; Unfortunately also others who did run the last miles are effected as well.

Worse is the fact the company behind ONO (NOME Tech) is not in contact with the community, are not delivering on their whitepaper, are removing structures of great importance for a reward based community network, did not delover any tools to the community to fight abusive behaviour, the cornerstone of the concept.

Two days ago, they floated about 1% ONOT (the currency of ONO) total supply to KuCoin, a Singapore based crypto exchange. And you know what happened? Well, the value dropped to next to nothing, around 0,00000012 BTC yesterday, today slightly higher. With 100 billion ONOT maximum, the market cap is set to around 5M US$, which is pretty fair for the state ONO is in. ONO is not even on a blockchain!