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Dear Stakeholders, I have been in contact with Robert Bakker of the Electra Foundation these past days. They have come to the final stage of negotiations with a top exchange which has been operating since 2013. It is well known but I am not allowed to name it. If I ask you to name two top exchanges founded in that year, you will probably guess it. Electra has passed all required criteria and the screening stage. There is some extra funding needed to make it happen. The Electra Foundation has set up a fundraiser here: https://electraproject.org/exchange-listing-donations/I will also donate from private funds because it is one that I have always dreamed of seeing Electra listed on in order to boost liquidity, prestige and accessibility. I commend the work the foundation and community have done in these negotiations. Thank you @E01 for the kind words and the donation. I'm glad the word is out, it is going to be HITBTC with a BTC, ETH and USDT pair listing. It seems that the community appreciated the news as price surged over 150% in the past week. Coming weeks the listing will be done at HITBTC. Also I'd like to mention that we expect ECA to go live on Next.Exchange early access in coming weeks and we hope to announce yet another Exchange listing next monday. This exchange is small but listed on CMC and will give us following fiat pairs: EUR, USD, BRL, GBP, RUR, UAH, TRY and KZT. Nice to mention is that this exchange is setup to comply with EU regulation and has applied for a National Bank license in The Netherlands. |
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I believe this guy may be attempting to try to discourage others to mine Electra so he can claim a larger portion of the Super Rewards Bonanza for himself. There will be many more like him. The status of the pre-mine can be easily tracked at anytime in Electra's block explorer. "dump and leave with btc" is not part of my plans. I'm not interested in your coin shit, but alert the others of the scam you're doing here  , You can put the whole premine in the ass Benji, this aged well. 3 years later the coin had ATH of over 200mln USD MC, currently ranked 320 on CMC and an active Github like no other project. Also premine is still there for the largest part from which a big chunk is managed by a legal entity setup in The Netherlands; Electra Foundation. |
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Dear Stakeholders,
31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week? On the Foundation...I was under the impression they would be providing some kind of accounting for the funds. To date, they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you, 5m from donation wallet), with no accounting for it, at least not publicly as they'd claimed. They also said they'd be posting minutes from their meetings, which they've also failed to do. This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore. I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes. By all accounts, you are more transparent than the Foundation, and the premine would be better off in your hands. I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on, or its something he doesn't want known. This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue, the options are A) they have no real foundation control and it's all a front for someone else actually controlling the funds, B) they're unprofessional, disorganized, & haven't been keeping track, or C) they've transferred funds secretly and gotten caught I can't think of one good, valid reason why Robert himself wouldn't know how much has been spent. The 31.5 million will not be deducted. The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31). My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released. 
Dear community,
I commented on Discord that we're working on an integrated explorer on the new website where everyone can keep track of the transactions. All transactions so far have been explained and made public on Bitcointalk.
For now I'd like to refer to the screenshot E01 shared which shows the expenses we had until now.
On a sidenote I do realise that I'm now responding an account that has questionable motivations of bringing the project in a bad light. Nonetheless I want to stipulate to each and everyone who reads this that all identities of the board members are publically known (unless most individuals in the crypto space or even in this thread). Also we spend our time and energy free of payment in making the project a success.
So to recap, please be a bit more patient until the foundation page on the website is updated so you can proactively find the answers to your questions/accusations.
Other then that I want to use this opportunity to thank E01 for giving the community and the project team the possibility to manage and use part of the premine. It testifies of great faith in people you have never met before and were, up until 2017, complete strangers.
End of message and on behalf of the foundation board,
Robert Bakker
https://www.linkedin.com/in/robertsebastianbakker/
Robert, I have always held you in high regards, however your condescending attitude towards anyone who dares to ask a question is exactly why I chose to post my questions anonymously in here instead of in Discord, where I'll be ostracized for daring to question anything. I'm in there daily, and see how everyone's treated if they're not cheerleading. I am indeed grateful for all the volunteers, however being a volunteer doesn't mean you're above reproach or not accountable. I ask these questions out of concern for the project. It's called diligence, not FUD. You yourself claimed in the past in Discord that meeting minutes and accounting would be available once the website was live. It's now live, and still nothing is available. As you've intimated, almost all answers are available if one looks hard enough... except for anything related to the Foundation. It would take 5 minutes to post minutes in Discord. 30 seconds to post big expenses. Since the Foundation was formed in October, I don't think it's at all unreasonable to expect some kind of progress report, minutes, or accounting, even if the volunteers are all part time.
I think I spend 30% of my time on people who have questions. Some are critical some are not critical and I always answer them. Sometimes I have the answer, sometimes not. I believe critical quesitons posed with a constructive attitude are necessary for a project team to stay sharp. Therefore I will always respond to them 
If you scroll back everyone can see that whenever I take the time to respond to your or Lightinout's comments I respond with facts and answers, yet.. I get no feedback on my responses but another can of worms if being opened until facts and answers close these, and so on.
These questions, conclusions and even accusations have a repetitive and negative character and in my opinion don't add value to the project (opinions are there to be debated). As such I consider you and Lightinout as exceptions to the rule outlined in my first alinea and therefore I spend somewhat less time to the two of you.
On topic, the foundation expenses are visible and shared here on Bitcointalk until they will be shown on the foundations page on our brand new website.
I wish you the best.[/quote] |
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Dear Stakeholders,
31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week? On the Foundation...I was under the impression they would be providing some kind of accounting for the funds. To date, they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you, 5m from donation wallet), with no accounting for it, at least not publicly as they'd claimed. They also said they'd be posting minutes from their meetings, which they've also failed to do. This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore. I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes. By all accounts, you are more transparent than the Foundation, and the premine would be better off in your hands. I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on, or its something he doesn't want known. This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue, the options are A) they have no real foundation control and it's all a front for someone else actually controlling the funds, B) they're unprofessional, disorganized, & haven't been keeping track, or C) they've transferred funds secretly and gotten caught I can't think of one good, valid reason why Robert himself wouldn't know how much has been spent. The 31.5 million will not be deducted. The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31). My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released. Thank you for your professional, non-condescending answer. I don't ask these questions to create FUD, as Robert has implied in his response, but out of a real sense of concern for the management and direction of the project. Dec 6th on the explorer shows 5.4m transferred out which is unaccounted for on the sheet the team provided you with? My other big concern is that the Foundation Board doesn't have the time available to commit to the project. As volunteers, their time is definitely appreciated, however it would appear the Project could be being held back due to their inability to commit more time. It's very worrisome that the responses for why things aren't done always contain a disclaimer that falls along the lines of "we're volunteers, appreciate what you get, we don't have time". Is there no way that the current Foundation members could assign rights or powers to people such as Master Den and Asmoth who are available more? Last question... it has been discussed frequently in the past that a way for the community to have more input and voting powers would be implemented, but so far it just seems to be becoming more and more restrictive and exclusive to an extremely small handful of people. Has the idea of a "community run" coin & community voting rights been abandoned? Just as a for instance... the decision to use foundation funds to fund Aircoins is questionable at best IMO. Much more effective forms of advertising they could be paying for. Thank you again for your professionalism and cooperation. I can assure everyone that we have enough time to do whats is needed, necessary and urgent for the foundation. It seems you are not fully aware of what has been discussed in the coordinator calls, or on our social media. Very soon as board of advisors will be installed to advice and help with the tasks that the foundation should do. The board of advisors are for example existing of the names that you mention.
On the other hand we won't do extra work that is not necessary. If the law doesn't oblige us to file annual reports, we will not make them. And so on..
Having a foundation and shaping it for good use is something that cost time and it is perfectly fine to take the time. We have frequent calls and discuss how we, as foundation, can grow and develop into becoming more and more professional. As you also missed in the recent communications since founding of the Foundation is that we have plans for community inclusion in decision making and these plans have been shared.
If you would like you can share your personal data with me so we can have a phone call or skype call to discuss your concerns as bag hodler of ECA and perhaps see if you could help out in an active manner. After all, we can't do this only with the small team that we have.. we need more active and skilled people that are loyal, positive, willing to build, spend time and help others. This could be you!
feel free to send me a DM on Telegram or Discord.
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which is hilarious it's bad quality fud by ignoring the post before you. About your "hillarant" message, try to find out about the law of financial report annual... before you laugh. And robert explains that you will be able to follow on the site live ALL expenses or movement live via an explorer (directly in the official website) but you ask for a quarterly report? Try to be credible when you want to drown an interesting message. ( and for the others = Don't forget to read Robert 2 messages above it  ) Yea congrats at providing Annual Financial Reports I just asked if there would be quarterly reports but you don't have authority to answer. I guess we have to constantly check the explorer! Will it say - XXXXXX amount of ECA spent for ********* because we can't disclose the information until it happens? FOR EXAMPLE:31.5 million is being used to PAY KOMODO DEVS to integrate Electra onto their platform. vs We are spending 31.5 million on external and anonymous devs for our next fork! cause that is BS We havent paid Komodo |
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Since Robert and E01 are here Why would you go and say that you hired or paid "external" devs when it is NOW clear you were just paying Komodo devs? The devs at Komodo are NOT part of the Electra team. They just helped you integrate Electra into their platform. Still find it odd it took months to get integrated when hundreds of other projects have done it much faster! This project lacks transparency We are fully transparent, it could be perhaps the person behind this account that lacks the abilities to find the answers to his questions.
1. As agreed earlier E01 funds the fork developments out of his own pockets in case costs have to be made. This is a joint effort between internal- and external people. The chance is there that the external people are joining our ranks soon. Big thank you to Jenova and Ricouskim for bringing these talented people to us last summer.
2. The devs at Komodo are NOT part of the Electra team. They helped us with intergating Electra into their Barterdex platform enabling Atomic Swaps there next to the "regular atomic swaps" LTC and BTC are able to do. They even thanked us for our technology and even improved their codebase to be able to integrate us.
3. We don't look at other projects, we look at ourselves. Personally I'm beyond proud that our small team of technical people were able to develop, test and deploy Lighning network, Atomic Swaps. POS v.3e, bitcoin core upgrade and more features together with the above mentioned people. Special thanks to Nash, Jenova, Ricouskim, Dre, MasterDen, Ruru, ComputerCrafter, E01 and more people for this impressive effort.
With all these accomplishments I think that we achieved something beautiful. A relative small project with a small fund (a huge community) that survived this brutal bearmarket and a lot of fud and bad luck manages to continue and #buidl. With our new blockchain we can compete with the top coins in terms of technology.
As I believe we will speak again in the future I thank you for all the time and energy spent here and keeping us sharp
On behalf of the team and community,
Robert
[/quote] |
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The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31) Wait... so next financial report will be in November or December 2019? Why not make quarterly reports? This is hilarious The first fiscal year started in January 2019. As we have no reporting obligation (we received an exemption letter in November 2018 from the Dutch tax authority) we still have to see if a yearly reporting will be created or if the transaction overview on the new foundation page will suffice.
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Dear Stakeholders,
31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week? On the Foundation...I was under the impression they would be providing some kind of accounting for the funds. To date, they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you, 5m from donation wallet), with no accounting for it, at least not publicly as they'd claimed. They also said they'd be posting minutes from their meetings, which they've also failed to do. This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore. I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes. By all accounts, you are more transparent than the Foundation, and the premine would be better off in your hands. I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on, or its something he doesn't want known. This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue, the options are A) they have no real foundation control and it's all a front for someone else actually controlling the funds, B) they're unprofessional, disorganized, & haven't been keeping track, or C) they've transferred funds secretly and gotten caught I can't think of one good, valid reason why Robert himself wouldn't know how much has been spent. The 31.5 million will not be deducted. The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31). My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released.
Dear community,
I commented on Discord that we're working on an integrated explorer on the new website where everyone can keep track of the transactions. All transactions so far have been explained and made public on Bitcointalk.
For now I'd like to refer to the screenshot E01 shared which shows the expenses we had until now.
On a sidenote I do realise that I'm now responding an account that has questionable motivations of bringing the project in a bad light. Nonetheless I want to stipulate to each and everyone who reads this that all identities of the board members are publically known (unless most individuals in the crypto space or even in this thread). Also we spend our time and energy free of payment in making the project a success.
So to recap, please be a bit more patient until the foundation page on the website is updated so you can proactively find the answers to your questions/accusations.
Other then that I want to use this opportunity to thank E01 for giving the community and the project team the possibility to manage and use part of the premine. It testifies of great faith in people you have never met before and were, up until 2017, complete strangers.
End of message and on behalf of the foundation board,
Robert Bakker
https://www.linkedin.com/in/robertsebastianbakker/
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There’s a new thing called KYD - Know Your Developer
Apparently the Electra team does not want to tell us who their developers are.
I’m glad you at least admit that you’re using EXTERNAL devs. Why did it take so many months for the team to finally hire someone? There is no admitting here. It was said many many times in the past year that E01 works with his own team next to the Electra community team. Fork phase 1 was partially developed by external devs Can you give us their contact info or the name of the company you’re using They choose to be anonymous. Just like yourself, E01 and many others in crypto? No reason to be anonymous if they are a legit company. Investors should know who is working on the project. Electra is a currency. Holding the coin doesn't mean you can hold the project accountable. In fact, you can choose to develop and code including keeping your anonimity. In fact, you even invested in ECA while knowing E01 was the dev. Therefore I consider your points as contradictions.
I’m sure the Electra Foundation will have to disclose where money is spent? Let’s start now. Or are we going to say e01 payments are different? Sometimes the foundation pays and sometimes e01 pays for anonymous stuff?
Correct. The foundation is setup and will have an own page on the new website that is currently being finished. All expenses, that can be tracked through the electra explorer, will be visible in due course to the community and will be backed by reasons why they needed to be spent. As msyelf, Bob and Raymond are volunteering and have our own jobs this takes more time. Next week 14 December in fact we will have our first official quarterly board meeting.
Electra is a community project, yet no one wants to volunteer. Do you all expect e01 to continue paying for everything? You already have Ruru asking the community for money to cover vps expenses. Why doesn’t e01 cover her expenses? Many people volunteer or have volunteered. What you typically see is that in this bearish market the interest oif volunteering fades away. Not only in our project but also in other projects. E01 pays for the things he commits himself to or when he believes he needs to be paid. For Ruru we decided to ask the community to donate. Unfortunately she made a mistake that cost money and Im sure we will get the money together soon. Did you already donate?
Robert - You are the most honest and respected person on Electra team. Thank you! Why do I now see you involved in so many different telegram projects? Also clearly investing in some of them. You used to be 100% Electra. Seeing you investing and being part of other groups makes people question your dedication. This sentence is full of assumptions and therefore not reliable. My main investment is ECA and ECA is the only project I work (volunteer) for. I'm in a lot of groups active to look for business opportunities, to spread the ECA news and to meet new and interesting people. Also I do invest in projects I think have great potential and when I believe there is a way we can work together with these projects Im going for it. If people question my dedication and honestly, I don't care. I know I am dedicated and love to work for the project. If people believe they can do a better job I welcome them as we need as many dedicated people as possible.
How much Electra do you even own? This is not a respectful question and also not relevant. I bought my ECA as of december last year all the way through this year. I’m sure you will have to disclose this information if you’re part of the foundation. Just like stocks of a company, the investors and public should know how many shares you have. Again, ECA is no company, ECA are not stocks and therefore people who buy ECA are not investors into the project with certain rights just like people who own company stocks. People should buy ECA if they believe in the project and the future usecase of ECA. If you don't believe any longer in the project and/or the people working on it, you should sell and move on.
To wrap this up. I (and with me all community members that volunteered to work on the project, do this with a clean conscience , with a passion for crypto and in particular ECA. I know you're hurt "Botero", because you lost 160mln ECA due to a terrible fault on your end. You choose this path to blackmail the project and I can't do anything about that. What I can tell everybody that reads this piece is that in case of doubts or questions you can always reach out to me or any other team member on Discord or Telegram and we will explain and answer anything as far as possible.
We continue to work hard and always look for new people to join. As you see people get nervous, impatient and sometimes disappointed by the pace of the developments visible for the community. Yet do know that as long as the community and the team is active, the project progresses.
Robert
1. Please tell us how you see Electra partnering with DarkPay coin, an anonymous crypto project that doesn’t even have a team page. Do you know who is on their team? I see you active in there and buying. Why not buy more Electra? We are not partnering with DKPC? Im in their group to see how they conduct community voting through masternodes. An interesting concept from which we could benefit.2. You are saying Electra is a currency not a company. But the foundation is a legal entity or company. You should discuss this with the other board members next week. Investors will want to know how much Electra Foundation board members have. I know I do! Foundation is a legal entity but in no way we should disclose how much we have. If it was relevant we would have been advised by the lawfirm guiding us through the process of the setup. It is irrelevant for the project or the foundation. The foundation and its funds are protected under dutch law.3. Ruru needs money to cover vps expenses. You are asking the community to cover that with ECA. She needs money. This means the community will donate Eca to Ruru and she will go sell it on an exchange to liquidate it to pay for bills. The community donates to hurt their own price. PLEASE ANSWER WHY E01 DOESNT PAY HER? He doesn't have to and besides it's a bit hard to reach him now when he is on duty for the military. 4. I don’t want the community to donate Electra to me. If they did then it would get sold back to them. This is a flawed project and will not last. You cannot continue paying for work by community donations. Your suggestion to to fork extra 160 million to compensate you while it's clear you made a mistake in loosing the funds is the worst possible solution. the other solution is you reach out to the community and ask them to donate to you. If you feel your case is strong Im sure everyone in the community wants to donate to compensate you.5. Will we see another post like below one day Example 1 we want to get on another exchange. Please help us collect $50,000 in eca which we then sell back onto community because exchange wants btc Example 2 There is a problem with atomic swaps. We need to hire dev for $10,000 to fix it. Please donate eca so we can have it fixed since no dev on team can do it Your project devs and e01 directly dumps on and hurts own community I see you are frustrated and therefore making assumptions and false accusations. I can't take that away. I'm sorry for your loss and I hope you're able to move on soon. |
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There’s a new thing called KYD - Know Your Developer
Apparently the Electra team does not want to tell us who their developers are.
I’m glad you at least admit that you’re using EXTERNAL devs. Why did it take so many months for the team to finally hire someone? There is no admitting here. It was said many many times in the past year that E01 works with his own team next to the Electra community team. Fork phase 1 was partially developed by external devs Can you give us their contact info or the name of the company you’re using They choose to be anonymous. Just like yourself, E01 and many others in crypto? No reason to be anonymous if they are a legit company. Investors should know who is working on the project. Electra is a currency. Holding the coin doesn't mean you can hold the project accountable. In fact, you can choose to develop and code including keeping your anonimity. In fact, you even invested in ECA while knowing E01 was the dev. Therefore I consider your points as contradictions.
I’m sure the Electra Foundation will have to disclose where money is spent? Let’s start now. Or are we going to say e01 payments are different? Sometimes the foundation pays and sometimes e01 pays for anonymous stuff?
Correct. The foundation is setup and will have an own page on the new website that is currently being finished. All expenses, that can be tracked through the electra explorer, will be visible in due course to the community and will be backed by reasons why they needed to be spent. As msyelf, Bob and Raymond are volunteering and have our own jobs this takes more time. Next week 14 December in fact we will have our first official quarterly board meeting.
Electra is a community project, yet no one wants to volunteer. Do you all expect e01 to continue paying for everything? You already have Ruru asking the community for money to cover vps expenses. Why doesn’t e01 cover her expenses? Many people volunteer or have volunteered. What you typically see is that in this bearish market the interest oif volunteering fades away. Not only in our project but also in other projects. E01 pays for the things he commits himself to or when he believes he needs to be paid. For Ruru we decided to ask the community to donate. Unfortunately she made a mistake that cost money and Im sure we will get the money together soon. Did you already donate?
Robert - You are the most honest and respected person on Electra team. Thank you! Why do I now see you involved in so many different telegram projects? Also clearly investing in some of them. You used to be 100% Electra. Seeing you investing and being part of other groups makes people question your dedication. This sentence is full of assumptions and therefore not reliable. My main investment is ECA and ECA is the only project I work (volunteer) for. I'm in a lot of groups active to look for business opportunities, to spread the ECA news and to meet new and interesting people. Also I do invest in projects I think have great potential and when I believe there is a way we can work together with these projects Im going for it. If people question my dedication and honestly, I don't care. I know I am dedicated and love to work for the project. If people believe they can do a better job I welcome them as we need as many dedicated people as possible.
How much Electra do you even own? This is not a respectful question and also not relevant. I bought my ECA as of december last year all the way through this year. I’m sure you will have to disclose this information if you’re part of the foundation. Just like stocks of a company, the investors and public should know how many shares you have. Again, ECA is no company, ECA are not stocks and therefore people who buy ECA are not investors into the project with certain rights just like people who own company stocks. People should buy ECA if they believe in the project and the future usecase of ECA. If you don't believe any longer in the project and/or the people working on it, you should sell and move on.
To wrap this up. I (and with me all community members that volunteered to work on the project, do this with a clean conscience , with a passion for crypto and in particular ECA. I know you're hurt "Botero", because you lost 160mln ECA due to a terrible fault on your end. You choose this path to blackmail the project and I can't do anything about that. What I can tell everybody that reads this piece is that in case of doubts or questions you can always reach out to me or any other team member on Discord or Telegram and we will explain and answer anything as far as possible.
We continue to work hard and always look for new people to join. As you see people get nervous, impatient and sometimes disappointed by the pace of the developments visible for the community. Yet do know that as long as the community and the team is active, the project progresses.
Robert
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I still cannot get over the fact that the developers are not doing anything about the fake volume on FATBTC
WHEN PEOPLE SEE FAKE VOLUME ITS A RED FLAG
DEVELOPERS WAKE UP ALREADY AND DO SOMETHING ABOUT IT
There are no developers! Go into any project and you will see developers talking and giving updates to the community. Electra only has Ruru?  unbelievable! Ask them for the contact or names of others. then also see how fast you get banned or they tell you to talk to Ruru. I dont want to talk to Ruru! They want to release atomic swaps, mobile wallets, electrapay and all this stuff in December but I can only talk to Ruru? what kind of a community project is this? wake up people @Everyone and @LightinOut I'd like to close this topic through below message as i noticed that one of his tweets confirmed he is the same person as BOTERO on discord who claims to have lost 160mln ECA and holds the project responsible. https://twitter.com/lightinout/status/1070203781030268928@lightInOut, also known as Botero on our Discord, claimed to have lost 160mln ECA without him being at fault. As such he contacted the team to compensate him either through forking the extra 160mln or ask E01 to compensate him. As we always state in our disclaimers that we are never responsible for usage of our products and/or loss of ECA our answer could have been short but we took the time and investigated this matter together with this person. Our usersupport team and other team members spent hours and this matter was also discussing 3 times during our team meetings. The end conclusion was that the wallet from this person was not flawed and it was visible that the transaction was made after insertion of the password. See below the official response from the usersupport team on behalf of the project towards his claim to be compensated: "Botero, after much testing and discussion, and over many discord sessions with you with a number of our team members, we regret to inform you that we are unable to reimburse you at this time for your coins. Reason stated below: the wallet is working has normal. Though, from your perspective this may not be true, the coins were sent and received in another address. This is normal function for a wallet. As to how those were transferred though, we can not confirm that as that is the case to any transaction. You stated that you have encrypted your wallet with very strong encryption. This alone would stop coins being sent only if the encryption password was used. Other way coins can be sent is if they have your private key, which a encryption password is not needed to add it to a wallet but is needed to dump from the wallet if the wallet is encrypted. In our conversations with you and our team, we have noticed there was no bug or flaw in the wallet. In saying this, there is no way to prove if coins were sent wrongly out of the wallet by another user or yourself. ECA has one of the best tech support and these are the conclusions we have come up with. We are not here to guess if the coins were accidently sent to the incorrect wallet or if coins were sent correctly and the user does not have access to the new address. We also are fully aware of bugs that can be in the wallet though in your situation, is not the case due to the coins being sent and properly on the blockchain. Thank you for your patience as we look and take each of these with dedication and want for all our users to have the coins they deserve. We did setup a channel just for you situation for us to discuss and you were brought up a number of times in team meetings with a number of hours for a number of support and dev personnel in trying to solve your unfortunate circumstance as you have shown. We also understand that you may not agree with this conclusion and decision but these are the facts at hand. If you have any final questions, please feel free to ask but do note that this is our final decision. Thank you." Everyone who still has questions can contact the usersupport team or myself on Discord. If people wish to help Botero / LightinOut by donating to him, I suggest to visit either Discord or contact him directly. Loosing crypto is something terrible and unfortunately happens regularly. Best regards, Robert |
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I still cannot get over the fact that the developers are not doing anything about the fake volume on FATBTC
WHEN PEOPLE SEE FAKE VOLUME ITS A RED FLAG
DEVELOPERS WAKE UP ALREADY AND DO SOMETHING ABOUT IT
There are no developers! Go into any project and you will see developers talking and giving updates to the community. Electra only has Ruru? unbelievable! Ask them for the contact or names of others. then also see how fast you get banned or they tell you to talk to Ruru. I dont want to talk to Ruru! They want to release atomic swaps, mobile wallets, electrapay and all this stuff in December but I can only talk to Ruru? what kind of a community project is this? wake up people I don't know if the project is now dormant or not, but I know that a couple of months earlier I have joined their Discord and I saw a lot of activity in there. Maybe they are working behind the scenes, as many core devs don't have time to talk to the community also, they have a Community Manager for this. Or maybe I am wrong and you are right I don't know what really happens inside the project, but the best thing to do is to join their Discord channel and talk to people in there about the development of the project and ask for any info that you are interested in. All you are doing now, here, is to spread FUD and maybe the project doesn't deserve it. Why the FUD is bad for a project when is moving slowly or the price is down? Well, because the investors will come in here and read about it, so with FUD you only can make things worst. Just my 2 cents.. Cheers G I’ve asked Robert, Ruru, Aman and “MasterDen” to provide the contact info of other team developers, besides Ruru. They never give me an answer! their discord is full of people trying to get access to a rain room so they can collect eca then sell it for being active. 99% write stupid robotic comments and talk to themselves to remain active. Again, go look yourself. Nothing like it was months ago with a real community. Ask the core team yourself and see what they say. I know plenty of devs in other projects that are at have a role on discord. They say they have a team or devs but are they not a part of the community? Lastly their community project manager is Ruru? There was a tweet that said an Electra c++ dev finished something. Please tell us who that dev is cause I have a lot of questions for them. I’ve never seen any devs in discord or telegram. Don’t give us the bs that they are too busy coding or don’t have the time to talk. That will just show their priorities are not towards the community It’s not fud when it’s true. Ask them yourself Hello anonymous person, You sent me a twitter message from your anonymous twitter account past 24 hours wherein you asked for contact details of our devs. You know crypto is all about anonymity, in fact you're operating anonymous where I chose to reveal my identity. ANd now you ask for the identity of devs that work on Electra. That sounds a bit strange doesn't it? IF people decide to stay anonymous we should respect that. At this moment we work with internal as well as external devs to complete the work for Electra. In fact, as you may know from the past, E01 was responsible for the fork and still pays the cost related to hiring external devs working on phase 1 and phase 2 fork. This is all coordinated by Ruru. Also what you should know is that we have the code in our private github (just like with phase 1) and when we're ready to go live with whatever we want to release, it get's pushed to the general github. Eitherway, you have no right to claim to speak to the devs. They have more important things to do then defending themselves to someone accusing them and/or the project from false behavior or scamming. Feel free to continue here or whereever, or conscience is clean and once the code is pushed into the github you'll see what work has been done. Finally... yes... the past year was hard for us and some people left. In a matter of fact getting good devs is hard and dont even start about getting good devs willing to volunteer. Thats why we are gratefull and extremely happy Ruru is with us and coordinating both the internal as external devs as well as finishing ElectraPay herself. Once E01 is back (he paid off military service and in his country it means you only have to serve 3 weeks) he will be able to respond to you but it wouldnt surprise me he doesnt find your comments worthy enough to spend energy on. But about him dont forget he paid for exchange listings, he paid for dev work on the fork phase 1 and 2 and he already donated 100mln to the foundation where the remaining 200 mln come when he gets back. You're not new in fudding or calling stuff fishy or related to exit scam and you certainly wont be the last. |
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Thank you for the fast action Electra01. The BTC funds have been received by me and converted to 2.663,85 EUR via Coinbase. The funds will be fully used to pay the lawyer, notary, address registration, translation of the Articles from dutch to english, server cost to run the wallet for the funds, etc. All made cost will be in the bookkeeping of the foundation once established. 0.42 BTC has been used to help fund the setup costs for the Electra foundation in the Netherlands. This was used from the BTC-hedged portion of the pre-mine.
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Most of your statements are false or out of context. I will comment in red below. Hellо аll! I bеliеvе thіs іdеa is vеrу goоd and gооd!
Imресcаblу іdеa, аssured рrоjeсt!
How much do you charge for these promotions? I'm interested. About the same as how much you charge for your fud LOL. FUD...Fear, uncertainty, and doubt. Yes, I definitely have all 3. I invested a lot (at least to me) in this project. I was led to believe it was a community coin, and that I'd at least be able to ask questions and have input, along with voting rights. What I see instead is a community falling apart community has grown every week to date, key people quitting some members left but are no key players. If they were then theyre replaced again by key players, and any questions meet with banning or being accused of funding Not true. Visit our discord or telegram and see that even the most difficult questions are answered. Also criticism. Listen to our engineering call tonight and experience it for yourself (1 august). My questions shouldn't be hard to answer. Maybe it's not important to you that the supply is going to run out and they apparently don't have any idea how they're going to deal with it yes, the fork happens and will drastically reduce staking %. Aside from that POS coins typically have no cap.. did you know?, but as an investor it matters to me. Any day now they could announce a decision that could dump the price that is with every project. That matters to me. Key team members leaving in droves all of a sudden matters to me. There's something wrong, and they're hiding it we haven't hidden it but explained it to the community. Also tonight we will highlight it in the community. Aside from that you can ask the team members yourself as theyre still active in the community except for Ivan, who started his own project . The founder who's supposedly not the "owner" keeping 100% of company profits after claiming to only be staking to cover $1000 matters to me we have no profits. if you refer to staking, yes. and he has been clear about this in this thread back in 2017. If you did your due diligence you'd know it before investing.. I, unfortunately, bought high, so don't have the luxury of just dumping my holdings. I do however remember reading that this is a community coin. My questions deserve to be answered, and I deserve to have my vote counted on the direction ECA takes, as its stated in the white paper. We all do. It's time more of us investors stood up and demanded our rights. Our right to vote, our right to have a say, a right to have our questions answered. Not ridiculed or accused of spreading FUD because we're asking questions. I hope this answers your questions. If not, let me know. I'm always available on telegram and discord. My name is Robert Bakker... everywhereHellо аll! I bеliеvе thіs іdеa is vеrу goоd and gооd!
Imресcаblу іdеa, аssured рrоjeсt!
How much do you charge for these promotions? I'm interested. About the same as how much you charge for your fud LOL. FUD...Fear, uncertainty, and doubt. Yes, I definitely have all 3. I invested a lot (at least to me) in this project. I was led to believe it was a community coin, and that I'd at least be able to ask questions and have input, along with voting rights. What I see instead is a community falling apart, key people quitting, and any questions meet with banning or being accused of funding. My questions shouldn't be hard to answer. Maybe it's not important to you that the supply is going to run out and they apparently don't have any idea how they're going to deal with it, but as an investor it matters to me. Any day now they could announce a decision that could dump the price. That matters to me. Key team members leaving in droves all of a sudden matters to me. There's something wrong, and they're hiding it. The founder who's supposedly not the "owner" keeping 100% of company profits after claiming to only be staking to cover $1000 matters to me. I, unfortunately, bought high, so don't have the luxury of just dumping my holdings. I do however remember reading that this is a community coin. My questions deserve to be answered, and I deserve to have my vote counted on the direction ECA takes, as its stated in the white paper. We all do. It's time more of us investors stood up and demanded our rights. Our right to vote, our right to have a say, a right to have our questions answered. Not ridiculed or accused of spreading FUD because we're asking questions. |
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In my opinion, the Electra community's rejection of the CEO and the Central body is a very bold and original decision,and the fact that decisions are made by the community collectively and always in the interests of the community is very progressive.
Don't let the hype fool you. The community has no say at all in anything that's done. Why do you think nobody, not even core members, can tell you what's going to be done about the supply shortage? They have to wait for E01.... The owner in every sense of the word. He has all the assets, he gets all the income from the assets, he has final say.... He's the owner. The documentation to setup the foundation lies with the lawyer firm. Next week I expect to have a meeting with the Dutch Tax Authority to proactively engage them with our plans. In the Articles of Association, that will be published after the go live, we will unfold our plans on how to ensure the community is represented in the board and especially in the decisionmaking process. Secondly... The entire team exists of community members joining (and sometimes also leaving). E01 only works on the blockchain. It's the Team, existing of community members, that eventually decide the path to go. One example I can give though is from earlier this year where we had a non-responsibe exchange (Yobit) while we paid the listing fees. We made a community vote on Discord and eventually the community decided to withdraw our application. Of course we still have to grow as team and project and the community engagement, especially how this is going to be done, has to develop as well. Our Community Governance team has the task to shape and implement this. Again, first big step is the foundation. |
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I don't take it personal but I do stand for the project where none of the current team members have bad intentions as you suggest. I have no clue who you are since you keep yourself anonymous, therefore I cant verify if we ever had contact or not. But that’s OK. Maverick did leave for personal reasons and he can even return as soon as they have been resolved. I have called him many times in the past weeks and had intensive contact in the past days. The fact you state he didn’t leave for personal reasons tells me you have no relationship with him nor ever talked to him 1-1, yet you state it firmly which makes your posts less credible as it’s simply not true. ECA Mom and Ryu left because they don't agree with the power E01 still have from a developer perspective in the project as well as the control on the premine which is understandable. These kind of projects stand or fall with trust. As long as I believe and trust the good intentions of E01 (I have no reasons to doubt) I will stay. But I can imagine when you loose your confidence you leave the project. You di dforget to mention that Ryu and ECA Mom are still active as member in the project? Ryu is doing an awesome job in helping the community in answering questions. Cryptolife wasn't very active so never had any chat with him. and Ivan also was not very active so didn’t talk to him a lot in the past months and has his own ambitions to achieve his life goals/dreams. Chat with them to understand. Based on these conversations I wouldn’t describe “the both of us as honest people” since I noticed you only post one-sided and incomplete stories. If that’s on purpose, it’s being dishonest. If you believe you speak the truth in making the comments then I can’t blame you for being not fully aware or informed. In the ECA influencers group I can’t recall a day where we said to make ECA 1 EUR and I find it typical you try to throw these statements to me in a way the reader even may think its true. I (and everyone in the team) have the strict rule to not focus on price in terms of predicting. Price can never be predicted or set as goal as it is dependent on many ingredients from which many can’t be controlled. I would like to inform everyone reading this thread that the person Im responding to, who refuses to identify himself, clearly has grudges to the project or feels not respected in the past. A lot of statements or theories he or she writes are either taken out of context or untrue. I can tell from the posts that his person was not directly involved in the coordinators team but watched it from the outside and that’s okay. I’d like to challenge everyone to use common sense, do their own research and by all means verify information directly at the source. Master Den, Bob (The Revolution), Asmoth, myself, and more are working for the project many hours a day where most of us have still fulltime jobs. We wouldn’t do this if we didn’t believe the project has a future. Did you know Master Den spends 10 hours a day for already a year on this project for free where he gets regular offers to join other projects as community manager for serious amounts of money a year? Yes we have quite some bumps in the road to overcome and these are discussed a lot of times in the teams and community. Yes in the young team that we are we also have internal struggles between people. Just imagine, trying to setup and run a project with people from all over the world that don’t know eachother, work together only through mailing and having calls. Some people came with different intentions then others. What I see now is that the current team has a big passion for the Electra project and it’s community to play a significant role in the crypto/blockchain revolution all projects are currently being part of. Again… yes we all have our bag of ECA. Some were able to buy very soon and have big bags, some have smaller bags bought at later stages (such as myself). If I may speak for myself.. I made my crypto portfolio exist for 90% out of ECA to keep myself sharp and motivated to keep on going for the project. You may disagree with what you see or hear in regards to the projects direction but don’t disrespect he people that are working hard, voluntary, next to their jobs with the best intentions. Yes, sometimes there are community members or even supporting team members that don’t behave and have corrupt intentions, but those are being dealt with right away. As far as you concerned Mr. Colx, I have no idea who you are and when we ever discussed stuff. I understand you became disappointed or perhaps hurt within the team. If I was a reason for it or some of the coreteam members I want to apologize for that. Again I want to invite you for a discussion or q&a and that doesn’t need to be in public perse. If you don’t want this then I think it’s pointless to continue because the conversation would become very one sided where you post incomplete comments placed out of context, me countering them leaving the public in confusion what to believe. Take care and all the best, Robert Hello anonymous keyboard warrior. Why don't you let me and the people here know what you actually like? And it doesn't need to be ECA (I dont expect that from you). I assume, by looking at your name, your project's logo is green? Eitherway, I commented where I could on your incredibly short sighted comments, a weak attempt to convince people why ECA is the worst project you can possibly imagine.
Again, perhaps we can do a live Q&A online where you have the possiblity to fire anything at me and for me the noble task to counter all you fire with facts.
It appears that the team is simply dismissing this as FUD/negativity. Reality check: There would be no negativity if there was competency. (you are the negative one here )Regardless of how you attempt to paint this picture, the facts remain that the people in this project are still spreading misinformation about it in an attempt to prevent more cumulative losses from occurring. (what misinformation?)We are constantly told "the fork is ready" and that "The Electra Foundation would take 3-5 days to set up" (please show me where its asid. I told the community this week that the lawyer adviced 5 days when we submit the forms) . Well, why are we taking so long to implement both of these measures? It's like waiting for winter to arrive on Game of Thrones. Might I remind everyone that the initial founder is to receive all the staking rewards, which is closing in on 400M ECA now. ( discussed it before) Staff tell us the project is doing great, but nothing has changed since December except for the new adoption of this garbage unprofessional approach to marketing. Attempting to hype and sexualize a financial product with blonde bimbos lacking any kind of cryptographic literacy is terrible at best. Why on Earth would anybody put money into that? How does this provide incentive to use Electra as an every day currency, or have we now switched our target audience from every day families to college frat boys? ( we are now 7 months underway my friend and in a bear market. We are doing great if you see where we are coming from (and Im not talking about price!! ) ) We should not be sending people like Cassandra Hawkins (Electra Spirit) to institutional blockchain meetups. She has a degree in homeopathy and fitness ffs. (Somebody from the team works in swimmingpool industry, We have people working in drywalling industry, I work as banking consultant, We have students, Mav is in real estate, etc. etc. And you know what? We are all passionate about the project and know a lot about he subject matter where some are maybe more technically savvy then the others) - Stake reduction delay (no deadline set) - Foundation delay (no deadline set) - Funds still not moved into multisig wallet (what funds?) - Original core team silent - Github activity stalling (Some activities we dont disclose in the open on Github to ensure it remains hidden for competitors) - Founder keeps all staking rewards (no, E01 is also hedging ECA with other crypto) - Overseers Ryu, VergeLife, Eca Giraffe and Zarag gone (3/4 moving onto new projects) (Maverick joined, Ruru joined, Robert Bakker joined - Ryu is till with the project but not in the team, Zarag same) - Team opening bot party chat for sponges (serious?) - Team offering their consumers money to win exchange votes ( - Price per unit below 10 satoshis (yes ) - False ATM announcements (why false?) - Openly shilling Aircoins, Unifox and other vaporware (ICO) products in chat (its not shilling, its talking positive about partner projects) Where do you see this going? (a purple future) Strange that you would take this personally, and yet again dismiss this as negativity. Do you have some undisclosed control over the project that we have not yet discussed? You and I have been in the back end and "ECA Influencers" telegram group for quite a while We both know eachother well, and we both know that personal reasons aren't why Maverick, ECA Mom, Ryu, Ivan and CryptoLife left the project. Consumers don't blindly spread FUD - They ask questions. FUD is false information, and you know full well that what I'm saying is not false. When investors are given vague responses that are engineered to divert attention or confuse for 2 months at a time they become frustrated. A prime example is your clear attempts to dismiss me as a "keyboard warrior", and redirect peoples attention to me rather than giving answers about Electra. Remember that day when we described ourselves in ECA Influencers as "A group of people who have a hard on for getting ECA to $1"? Let's not bullshit anyone on this thread - we're both honest individuals and should keep it that way. All conversations that display a direct conflict of interest were saved, just in case something like our current internal issues were to ignite. - Price manipulation - Buying false social media followers, comments and likes to assert influence over other projects consumer bases - Coordinated hype in the lead up to announcements - Back-end conflicts The list goes on. I will object to your proposition of a Q&A as the last one we coordinated with Aykut on Youtube was pointless and I know any adequate responses would be considered a conflict of interest. Aykut gave the exact same vague answers to our questions with only an emphasis of it's a good community coin. See last failed interview here: https://www.youtube.com/watch?v=bQWWP17TYns&t=77sWe don't need words we need action. |
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Hello anonymous keyboard warrior. Why don't you let me and the people here know what you actually like? And it doesn't need to be ECA (I dont expect that from you). I assume, by looking at your name, your project's logo is green? Eitherway, I commented where I could on your incredibly short sighted comments, a weak attempt to convince people why ECA is the worst project you can possibly imagine. Again, perhaps we can do a live Q&A online where you have the possiblity to fire anything at me and for me the noble task to counter all you fire with facts. [/quote] It appears that the team is simply dismissing this as FUD/negativity. Reality check: There would be no negativity if there was competency. (you are the negative one here )Regardless of how you attempt to paint this picture, the facts remain that the people in this project are still spreading misinformation about it in an attempt to prevent more cumulative losses from occurring. (what misinformation?)We are constantly told "the fork is ready" and that "The Electra Foundation would take 3-5 days to set up" (please show me where its asid. I told the community this week that the lawyer adviced 5 days when we submit the forms) . Well, why are we taking so long to implement both of these measures? It's like waiting for winter to arrive on Game of Thrones. Might I remind everyone that the initial founder is to receive all the staking rewards, which is closing in on 400M ECA now. ( discussed it before) Staff tell us the project is doing great, but nothing has changed since December except for the new adoption of this garbage unprofessional approach to marketing. Attempting to hype and sexualize a financial product with blonde bimbos lacking any kind of cryptographic literacy is terrible at best. Why on Earth would anybody put money into that? How does this provide incentive to use Electra as an every day currency, or have we now switched our target audience from every day families to college frat boys? ( we are now 7 months underway my friend and in a bear market. We are doing great if you see where we are coming from (and Im not talking about price!! ) ) We should not be sending people like Cassandra Hawkins (Electra Spirit) to institutional blockchain meetups. She has a degree in homeopathy and fitness ffs. (Somebody from the team works in swimmingpool industry, We have people working in drywalling industry, I work as banking consultant, We have students, Mav is in real estate, etc. etc. And you know what? We are all passionate about the project and know a lot about he subject matter where some are maybe more technically savvy then the others) - Stake reduction delay (no deadline set) - Foundation delay (no deadline set) - Funds still not moved into multisig wallet (what funds?) - Original core team silent - Github activity stalling (Some activities we dont disclose in the open on Github to ensure it remains hidden for competitors) - Founder keeps all staking rewards (no, E01 is also hedging ECA with other crypto) - Overseers Ryu, VergeLife, Eca Giraffe and Zarag gone (3/4 moving onto new projects) (Maverick joined, Ruru joined, Robert Bakker joined - Ryu is till with the project but not in the team, Zarag same) - Team opening bot party chat for sponges (serious?) - Team offering their consumers money to win exchange votes ( - Price per unit below 10 satoshis (yes ) - False ATM announcements (why false?) - Openly shilling Aircoins, Unifox and other vaporware (ICO) products in chat (its not shilling, its talking positive about partner projects) Where do you see this going? (a purple future) [/quote] |
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I see a lot of negative and bitter comments from your side in this ECA thread Mr. Colx. I am able to counter every "concern" you're raising but first I think everyone should understand here that the comments you post are not coming from a constructive mindset. Happy to enter in a conversation or discussion with you if you want. Let me tackle all points you raised below. 1. The ATM Manunfacturer UniFox already has capital and working ATM's. They need to raise additional capital to expand as they have huge goals set for themselves. As you may have seen, they met with the American Blockchain Association a couple of weeks ago to discuss possible cooperation for installing 50k ATM's that the association is planning to plant in the US. https://www.youtube.com/watch?v=pxijjeMKQHk&t=1s2. As you know, but not explain below, the fork wasn't planned on the roadmap. Only the atomic swap integration. As the devs concluded we need to change the staking algo as well as improve the chain, it was decided to plan the fork. As you know, but not explain here, E01 is working hard on coding the fork and unfortunately had to delay the fork from happening last month. 3 weeks ago E01 confirmed the fork would happen in 4 to 8 weeks. Any releases from the roadmap can only be released after the fork as we want to avoid duplication of efforts. The bigger partnerships with real companies, willing to accept ECA sa payment method, we have been working on and are working on behind the scenes will only be released after our product ElectraPay is released. And for ElectraPay... right... we need the fork to happen first. 3. Aykut and the team don't focus on price correct. We believe that a good usecase, a solid product and an engaged community will result in a good price. So... the price is not the aim, its a result. As we are all volunteers, our incentive is of course eventual price increase as a result of us doing our job good. If we see another bull market as in end 2017 we know that thousands if not millions of people will enter the crypto space and of course we hope to lure them into the Electra community. To buy Electra, become active as community member and of course spend their ECA at shops where it's accepted (usecase). The effect achieving the above by announcing all we have in a bear market will be way less then in a bull market. AS such not everything will be released right away. And you know what? If you hang out in the community, the vast majority understands and agrees. 4.It is correct that the premine is staking and that is a choice E01 made. For the investors, big or small, its their own right to choose. At this moment I am working personally on setting up the foundation which I expect to happen in august. Once the foundation is set and the first portion of the premine is deposited (300-400mln), the foundation will not stake that part of the premine. Also bear in mind that ECA is a POS coin and therefore has no hardcap. Once the fork happened the staking percentage will drastically decrease immediately and all years after. Eitherway, I admire you put so much effort and time in looking into Electra. I'd encourage you to investigate more and be complete in your comments about the project. My second advice is to spend all your enrgy and time on positive things in life. It gives you more joy and satisfaction, I promise you that! All the best, Robert The issue with Electra is that they're touting partnerships with ATM companies in ICO phase. Now, the ICO itself isn't the issue, the issue is staff are saying it has an existing use case, but in reality these will not be available for a year at least and that's assuming that funding is met. The final product does not exist
So, why do two existing ATM ventures need an ICO? The simple answer is they want to raise capital, however initial ATM fees could cover this alone, and why would someone be willing to use these companies when they can't even get a simple LinkedIn URL to work on their ICO page? We've been delaying the fork and "10B Company" for 4 months now and the roadmap keeps getting silently changed in the background. Better off waiting until this bottoms out and the team finally decides to reveal the partnerships.
Furthermore you have people like Aykut Baybas (Master Den) claiming that the team is solely concentrated on providing a use case, and that price action is secondary to this. If that's the case then we wouldn't have team members making contradictory statements like "timing of news release is key" (In reference to releasing this long awaited news in the bull market rather than right now). This is speculating that retail FOMO, investors who do not know any better, will pump up the value.
Another thing - The premine, and all the other large holders, are still staking at 50% rewards. This is going to leave us with a bare minimum of 29B circulating supply before the fork is finally sorted out, and that's assuming the team actually sticks to their promises this time around.
Seems highly reminiscent of XVG back in its haydays. In fact I even recall Sunerok mentioning Electra a while back.
ECA has gone from being a legitimate community project revival to a project fueled by greed.
Hyped up Vaporware.
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So, in other words, the address used there, is a virtual office address. Which by law when you incorporate a company you need to have a registered office address.
Virtual address for many shelf companies, ok nothing illegal in having a shelf company or virtual address (Just as long there is no criminal intent)
Exactly. |
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First off:We completely understand the community's frustrations regarding CoinsMarkets, but do not wish to start a manhunt on the owners to harass or threaten them. This is not the type of impression Lemanum wishes to convey. Recently, I Tiny_Dave/TinyGuy personally traded under 7 Euros worth of Lemanum to check if everything was working as it should be. It was not. The CoinsMarkets situation has adversely effected the Lemanum community, due to witholding over 20 million Lemanum coins. This is unacceptable. The address information:Bitcointalk user “stoffel” created an impressive write-up, which contained all of the contact details they were able to find regarding the location of CoinsMarkets. This can be found here: https://bitcointalk.org/index.php?topic=2185903.msg27944798#msg27944798. The address details obtained are as follows: “Surinamestraat 26, Den Haag”, which is in The Netherlands. As “stoffel” stated, there is a foundation as well as a business registered to this address. This can be confirmed by visiting the website of the KVK (Dutch Chamber of Commerce): https://www.kvk.nl/zoeken/handelsregister/#!uitgebreid-zoeken&handelsnaam=&kvknummer=&straat=surinamestraat&postcode=&huisnummer=26&plaats=Den Haag&hoofdvestiging=true&rechtspersoon=true&nevenvestiging=true&zoekvervallen=0&zoekuitgeschreven=1&start=0&initial=0&searchfield=uitgebreidzoeken. A visit from another user:Another Bitcointalk user under the name “Fred290” visited the above mentioned address. According to Fred, an elderly man opened the door and insisted he was not affiliated with CM https://bitcointalk.org/index.php?topic=2185903.msg27582400#msg27582400. Naturally, this raised further questions. My first visit:On 16th January 2018 around 21:00h, I arrived at the Surinamestraat. Lamborghinis, Aston Martins, BMWs as well as a number of other equally flashy and expensive cars were parked on this street. The majority of the houses must have been worth in excess of 150 BTC! The ambassador of Panama also appears to be living here: https://www.google.nl/maps/@52.0902278,4.3074533,3a,28.5y,297.3h,89.4t/data=!3m6!1e1!3m4!1s7WGDGFooFNGWgmnMbvWH7A!2e0!7i13312!8i6656. Having taken in the sites, I then arrived at the property where CM are supposedly located. To say that the mansion was huge is something of an understatement. The ground floor houses a private gallery for paintings. The second and third floors house swanky living areas for the property's residents. I rang the doorbell multiple times, to no answer. I then wrote a short letter asking to be contacted, and posted this through the letter box. I am yet to receive a response. My second visit:On the following day (17th January 2018), around 19:00h, I visited the Surinamestraat again. After ringing the doorbell multiple times, an elderly man screamed through the letter box: Elderly man: Who is there? Me: Dave <Lastname> from <City>, I’m here because a company registered a website to this address. The website is down, and has taken a lot of people's money with it. Since it appears that the owners of the website are unwilling to communicate, I decided to check the address for myself. Elderly man: What are your contact details? Me: <phone number> and <E-mail>. Elderly man: What is your Fax number? Me: Fax? I don’t have one. Elderly man: Mmm ok, so what is the name of the website? Me: Coinsmarkets.com. Elderly man: Let me write that down. Can you please read it out? Me: C o i n s m a r k e t s . c o m. Elderly man: What did they do? Me: This is/was a marketplace where you can trade Bitcoin for altcoins. The website went down on the fifth of January. Elderly man: Say what? Bitcoins and altcoins? I don’t know anything about Bitcoins. Me: If I may ask, there are two businesses registered to this address <Name company> and <Name Foundation>. Do any of these belong to you? Elderly man: Yes, both of these are my companies. The Foundation was founded by myself 10 years ago, and bares no relation to the trading of Bitcoin. Me: Are you willing to press charges against CoinsMarkets for fraud? Elderly man: If it can be proven that my address is falsely being used, then yes. Me: You can find this on the website whois.com. Elderly man: Another young man also came here a week ago, and said he had lost money. Did you lose any money too? Me: Personally, I have lost nothing. People who I know however are extremely concerned that they have lost a lot of money. Millions of Euro are currently being witheld. Elderly man: How much!?!?!?!?!? Me: More than one million Euro. Elderly man: I will read up on the Internet about this site. If my address is being used, rest assured that I will be pressing charges. I will call you before the weekend with an update. The below picture confirms that I was at said property. Further updates on CoinsMarkets will be provided in due course:  The sign standing on the roof http://i68.tinypic.com/4kuwyf.png What happens to our coins if he goes to jail? I  Since we can not get our coins, nothing will change... We will not get our coins probably. Although I'm also worried about my coins on Coinsmarkets you have to think a bit further than it seems from the outside. The address Surinamestraat 26 is not only used for Coinsmarkets but also for a bunch of other companies that don't seem to have any link between them. On the Dutch government website of the Chamber of Commerce (kamer van koophandel) you can verify this. And not only number 26 has companies registered on, also other houses in the same street have this. https://www.kvk.nl/zoeken/#!zoeken&q=surinamestraat%2026&index=4&site=kvk2014&start=0 I suggest to check the above link. For now.. in short: 1. If Coinsmarkets is legit, best is to wait and see how fast this (I assume 1 man) team is able to fix the database issues and come back online. It is a fact that they are working on the site as the speed improved and also updates are given. 2. If coinsmarkets is a scam.. we have lost our coins and there is nothing we can do about it. Either way, patience is key. For now I'm still positive that CM will be coming back. RobertSB84 |
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