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Anybody who trusts the team and supports ECAP is either insane or completely stupid.
They're starting off their "new" coin by stealing the assets of ECA.
As much as E01 dumping HIS coin (yes, his... Robert was very clear that this was a known factor back in 2018... read back through the posts in July of 2018) was horrible and hurt everyone's values, at least he didn't steal anything belonging to anyone else. He's always been open about the fact that the staking on the premine was his. It would be more commonly known if the Team hadn't accused everyone of FUD and belittled everyone who ever brought it up.
There's been multiple big sells over the years, but for some reason the Team decided with this one to quit and start their own, conveniently eliminating a whole bunch of the community from their planned airdrop, while using the community as justification to out and out steal assets from ECA.
The Foundation Board, who constantly and continuously advertised how much safer and more official the Foundation made ECA, are actively & openly participating in this espionage.
And while they're openly stealing assets and hurting people, they're saying "trust us... again". Oh, and can't forget everyone just has to "trust" that none of the team sold anything. I guess we're also just supposed to "trust" that none of them moved their coins from an exchange to their wallet before the snapshot was taken. If the team wants trust they should provide their wallet addresses so everyone can go through their transactions, just like they demand of E01. Yeah, it's private... but so are the stakes they're screaming about that E01 sold. How do we know that none of them were doing exactly the same thing?
Even without all the reasoning from E01, the Team's excuses stink. It's pretty obviously just a way to give themselves a bigger premine for expenses and lower the coin supply by however many poor victims have coins on an exchange.
E01...I have no respect for how you chose to sell your ECA, but that was and always has been an option available to you. It was a despicable move, but not blatantly dishonest.
The Team & the Foundation though... blatantly dishonest. I'm surprised there's nothing written into the Foundation about espionage by Board members.
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Most of your statements are false or out of context. I will comment in red below. Hello all! I believe this idea is very good and good!
Impeccably idea, assured project!
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... everywhereHello all! I believe this idea is very good and good!
Impeccably idea, assured project!
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. Here, I'll save you some time Robofus. This was Robert's response to the "FUD" about E01 staking the premine for his own use. My concerns were completely disregarded back then, & anyone who tried to bring it up were considered troublemakers, when we actually had valid concerns. |
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Yes, we thank Robert! The only problem is that when there is always the same question, it is difficult to manage and only the fork will reassure people who are afraid.  I advise you to read at least all the messages electra01 to understand the project and if you can read the whole subject even if it is long it is even better. only "electra01" message = https://bitcointalk.org/index.php?action=profile;u=944561;sa=showPosts;start=220(starts with the end for the oldest first) Good luck and try to understand the interests of what comes out of the panic/fud now that the price has fallen (and not before)  Ah, the irony. This was your response to so called "FUD" regarding E01 keeping the stakes for himself back in 2018. You might do well to take your own advice. |
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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.It's been 5 months since I posted any questions, at which time I thanked you for your answers and professionalism. That's obviously changed based on the aggressive responses you're giving this time. If answering my questions takes 30% of your time, it just demonstrates how little time you actually have to commit to the project. Calling for people on Discord to, and I quote you "Suffocate fudders with love and respect." in order to bury valid concerns and questions about funds being moved from the wallet and lack of transparency from the Foundation is literally getting the community to pull the wool over their own eyes. You've said s couple of times now that the expenses are posted on bitcointalk. E01's, yes. Consistently and timely. The Foundation's, no. Not until E01 posted the spreadsheet AFTER I asked why 13% of the funds had already been spent with no accounting. The very question that got any kind of accounting from the Foundation posted on bitcointalk you dismiss as FUD. (You have an inaccuracy Dec 6 by the way... There's an additional 5.4 million that was sent out that's unaccounted for). You yourself denied on Discord yesterday that over 14m has already been spent, which means YOU didn't even know until I asked. You are literally making false accusations and talking in circles in the hopes of diverting the community's attention away from the real issues, concerns, and questions. Answering questions in a direct, factual manner as E01 does in far more professional, and will result in far less replies from concerned community members trying to defend themselves against your false accusations of just trying to create FUD. About the 5.4 million u say is unaccountable for, please do read this article --> https://medium.com/@electrictrippy/electra-foundation-funds-coin-control-e05bb2534268 it will give you a basic understanding of blockchain and how transactions are handled. The article is written based on the foundations wallet actually. E01 is indeed very timely with posting on bitcointalk. The fact that we are building the page on on the website is that bitcointalk can be a mess. This fact is stated as you say 13% is spend without accounting. It is me that is posting when big transactions are made. please search back message here with my name: Altfeeder. FYI i'm Bob van Egeraat, the chairman. This i say to make it more clear to you why i post these message. So the funds are not unaccounted for when you search. But point is made, we are switching to the website with our transaction oversight, so this cannot occur any more. Also, the foundation board, as per our statutes, should meet and vote once per quarter (this is quite normal for a foundation). As the landscape of crypto is very dynamic, we already noticed we sometimes have to have a non sheduled meeting. And make rather quick decisions because of this. It can be a payment that has to be voted upon, contracts that need to be discussed/signed. Meetings with exchanges or other projects for further developments or as a new partner. To give you a clear explanation on how our (the board) decisions are mostly driven is that a community member (usually a core team) comes to us in need of something. We cannot wait 1 or 2 or even 3 months with a decision, so we shedule an 'official' voting round so we come to conclusion on a matter and vote. It is not that this happens daily as you also will understand, most of our time goes to talking/discussing with other projects and some exchanges for cooperation. The core team is the the team that (mostly, can also be a community member) comes with ideas, leads etc. and the board is there to vote yes or no. furthermore, explaining (in detail) all expenses to our community does not make full sense, a little bit of trust on a transaction like the aircoins one (the last one) can be expected from the community towards us imo. All transactions are open to see and by the end of the week all transactions will be live on the website with a short explanation. Also be sure that the dutch tax office is not to play with on that matter, as foundation we have 100% tax exemption, be sure we will have to account for every transaction Do remind yourself of the fact that Raymond, Robert and I are members of a foundation and will be held accountable by Dutch law if we make malicious or not accounted for transactions. Believe me when I say I worry more about getting all transactions, be it FIAT or crypto, in 100% order, then you concern about a 5.4 million transaction (that is actually accounted for as you will probably understand now). If you have question, contact me on discord. Regards Bob Thank you for your clear and concise answer, particularly that part which addressed how it's decided what gets paid and how. Completely understandable that every payment out wouldn't and shouldn't be in full detail. General terminology would probably work the best ie...Advertising, Exchange fees, dues and subscriptions, etc. Just like it would be in an accounting program. Honestly, malicious transactions weren't as much my worry as losing track was. As an "outsider", I have no idea what's going on, who's doing what, what's spent, etc. It really raised a red flag for me when Robert himself didn't appear to know. My worry went from "they're spending a lot, quickly, and no idea what for" to "is anyone even keeping track or monitoring?" I'm happy to hear that it will all be available on the website this week. Thank you for all your time and effort. No problem, I'm here to answer those questions. As you read back my message here on bitcointalk, you'll see the biggest protion of the 13% was due to reimbursment of a wallet bug that was in the desktop wallet. There will be one more later on, about 300K. We know it as quit an extensive amount that is being repayed to community members who lost there funds. But the board, core team and user support, that investigated the bug, founded that we should reimburse these people. Indeed 'short' clear explanations will be used. If there are really large numbers transfered in the future, ofcourse we will give a more clear explanation about it. Just an FYI that Dec 6 payouts still don't reconcile with spreadsheet, but I'm sure you'll get that fixed. The spreadsheet doesn't reflect the payouts to Coindeal winners 1-8. (Found that on one of your previous posts about the Coindeal payout). Thank you again for your help. hmm.. I have been looking at my own spreadsheet from the wallet, the online spreadsheet that is on my test server, the image of the spreadsheet that was posted here, the message i made here regarding the payout and the blockexplorer. I have a clue on where you think it doesn't hold up, be i'm not sure. I do think you mean when you look at the explorer and see the transactions, you also see a strange '4.49M ECa'transaction right? (you can check the transaction here https://www.electraexplorer.com/tx/677727393743cb1418ed03e480503cd8934b5ae9fc0c814ee882128868e51791 ) If this is what you mean, i do get that this can be strange. If this is the problem, i would like to refer you again to the article i've posted some comments above this one (it's a medium article). In this article, 2 community members and me try to explain this phenomenon. If you start following that adress, you should see it's send back to the foundation wallet later on. If you notice something else that is not correct, please do notify me. A mistake is easily made when entering numbers, i try to be as carefull as i can, but if you see one, please do point it out. Regards. [/quote] The image shared in here only shows 2 transactions on the 6th for a total of 5000 ECA. 3000 to 9th place, 2000 to 10th place. Whatever was transferred to winners 1 thru 8 isn't reflected on the spreadsheet E01 shared. It could either be a spreadsheet error, or possibly a screenshot that didn't capture the full spreadsheet image? Try comparing the actual image that was shared in here to your spreadsheet to see if it is just an image problem. |
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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.It's been 5 months since I posted any questions, at which time I thanked you for your answers and professionalism. That's obviously changed based on the aggressive responses you're giving this time. If answering my questions takes 30% of your time, it just demonstrates how little time you actually have to commit to the project. Calling for people on Discord to, and I quote you "Suffocate fudders with love and respect." in order to bury valid concerns and questions about funds being moved from the wallet and lack of transparency from the Foundation is literally getting the community to pull the wool over their own eyes. You've said s couple of times now that the expenses are posted on bitcointalk. E01's, yes. Consistently and timely. The Foundation's, no. Not until E01 posted the spreadsheet AFTER I asked why 13% of the funds had already been spent with no accounting. The very question that got any kind of accounting from the Foundation posted on bitcointalk you dismiss as FUD. (You have an inaccuracy Dec 6 by the way... There's an additional 5.4 million that was sent out that's unaccounted for). You yourself denied on Discord yesterday that over 14m has already been spent, which means YOU didn't even know until I asked. You are literally making false accusations and talking in circles in the hopes of diverting the community's attention away from the real issues, concerns, and questions. Answering questions in a direct, factual manner as E01 does in far more professional, and will result in far less replies from concerned community members trying to defend themselves against your false accusations of just trying to create FUD. About the 5.4 million u say is unaccountable for, please do read this article --> https://medium.com/@electrictrippy/electra-foundation-funds-coin-control-e05bb2534268 it will give you a basic understanding of blockchain and how transactions are handled. The article is written based on the foundations wallet actually. E01 is indeed very timely with posting on bitcointalk. The fact that we are building the page on on the website is that bitcointalk can be a mess. This fact is stated as you say 13% is spend without accounting. It is me that is posting when big transactions are made. please search back message here with my name: Altfeeder. FYI i'm Bob van Egeraat, the chairman. This i say to make it more clear to you why i post these message. So the funds are not unaccounted for when you search. But point is made, we are switching to the website with our transaction oversight, so this cannot occur any more. Also, the foundation board, as per our statutes, should meet and vote once per quarter (this is quite normal for a foundation). As the landscape of crypto is very dynamic, we already noticed we sometimes have to have a non sheduled meeting. And make rather quick decisions because of this. It can be a payment that has to be voted upon, contracts that need to be discussed/signed. Meetings with exchanges or other projects for further developments or as a new partner. To give you a clear explanation on how our (the board) decisions are mostly driven is that a community member (usually a core team) comes to us in need of something. We cannot wait 1 or 2 or even 3 months with a decision, so we shedule an 'official' voting round so we come to conclusion on a matter and vote. It is not that this happens daily as you also will understand, most of our time goes to talking/discussing with other projects and some exchanges for cooperation. The core team is the the team that (mostly, can also be a community member) comes with ideas, leads etc. and the board is there to vote yes or no. furthermore, explaining (in detail) all expenses to our community does not make full sense, a little bit of trust on a transaction like the aircoins one (the last one) can be expected from the community towards us imo. All transactions are open to see and by the end of the week all transactions will be live on the website with a short explanation. Also be sure that the dutch tax office is not to play with on that matter, as foundation we have 100% tax exemption, be sure we will have to account for every transaction Do remind yourself of the fact that Raymond, Robert and I are members of a foundation and will be held accountable by Dutch law if we make malicious or not accounted for transactions. Believe me when I say I worry more about getting all transactions, be it FIAT or crypto, in 100% order, then you concern about a 5.4 million transaction (that is actually accounted for as you will probably understand now). If you have question, contact me on discord. Regards Bob Thank you for your clear and concise answer, particularly that part which addressed how it's decided what gets paid and how. Completely understandable that every payment out wouldn't and shouldn't be in full detail. General terminology would probably work the best ie...Advertising, Exchange fees, dues and subscriptions, etc. Just like it would be in an accounting program. Honestly, malicious transactions weren't as much my worry as losing track was. As an "outsider", I have no idea what's going on, who's doing what, what's spent, etc. It really raised a red flag for me when Robert himself didn't appear to know. My worry went from "they're spending a lot, quickly, and no idea what for" to "is anyone even keeping track or monitoring?" I'm happy to hear that it will all be available on the website this week. Thank you for all your time and effort. No problem, I'm here to answer those questions. As you read back my message here on bitcointalk, you'll see the biggest protion of the 13% was due to reimbursment of a wallet bug that was in the desktop wallet. There will be one more later on, about 300K. We know it as quit an extensive amount that is being repayed to community members who lost there funds. But the board, core team and user support, that investigated the bug, founded that we should reimburse these people. Indeed 'short' clear explanations will be used. If there are really large numbers transfered in the future, ofcourse we will give a more clear explanation about it. [/quote] Just an FYI that Dec 6 payouts still don't reconcile with spreadsheet, but I'm sure you'll get that fixed. The spreadsheet doesn't reflect the payouts to Coindeal winners 1-8. (Found that on one of your previous posts about the Coindeal payout). Thank you again for your help. |
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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.It's been 5 months since I posted any questions, at which time I thanked you for your answers and professionalism. That's obviously changed based on the aggressive responses you're giving this time. If answering my questions takes 30% of your time, it just demonstrates how little time you actually have to commit to the project. Calling for people on Discord to, and I quote you "Suffocate fudders with love and respect." in order to bury valid concerns and questions about funds being moved from the wallet and lack of transparency from the Foundation is literally getting the community to pull the wool over their own eyes. You've said s couple of times now that the expenses are posted on bitcointalk. E01's, yes. Consistently and timely. The Foundation's, no. Not until E01 posted the spreadsheet AFTER I asked why 13% of the funds had already been spent with no accounting. The very question that got any kind of accounting from the Foundation posted on bitcointalk you dismiss as FUD. (You have an inaccuracy Dec 6 by the way... There's an additional 5.4 million that was sent out that's unaccounted for). You yourself denied on Discord yesterday that over 14m has already been spent, which means YOU didn't even know until I asked. You are literally making false accusations and talking in circles in the hopes of diverting the community's attention away from the real issues, concerns, and questions. Answering questions in a direct, factual manner as E01 does in far more professional, and will result in far less replies from concerned community members trying to defend themselves against your false accusations of just trying to create FUD. About the 5.4 million u say is unaccountable for, please do read this article --> https://medium.com/@electrictrippy/electra-foundation-funds-coin-control-e05bb2534268 it will give you a basic understanding of blockchain and how transactions are handled. The article is written based on the foundations wallet actually. E01 is indeed very timely with posting on bitcointalk. The fact that we are building the page on on the website is that bitcointalk can be a mess. This fact is stated as you say 13% is spend without accounting. It is me that is posting when big transactions are made. please search back message here with my name: Altfeeder. FYI i'm Bob van Egeraat, the chairman. This i say to make it more clear to you why i post these message. So the funds are not unaccounted for when you search. But point is made, we are switching to the website with our transaction oversight, so this cannot occur any more. Also, the foundation board, as per our statutes, should meet and vote once per quarter (this is quite normal for a foundation). As the landscape of crypto is very dynamic, we already noticed we sometimes have to have a non sheduled meeting. And make rather quick decisions because of this. It can be a payment that has to be voted upon, contracts that need to be discussed/signed. Meetings with exchanges or other projects for further developments or as a new partner. To give you a clear explanation on how our (the board) decisions are mostly driven is that a community member (usually a core team) comes to us in need of something. We cannot wait 1 or 2 or even 3 months with a decision, so we shedule an 'official' voting round so we come to conclusion on a matter and vote. It is not that this happens daily as you also will understand, most of our time goes to talking/discussing with other projects and some exchanges for cooperation. The core team is the the team that (mostly, can also be a community member) comes with ideas, leads etc. and the board is there to vote yes or no. furthermore, explaining (in detail) all expenses to our community does not make full sense, a little bit of trust on a transaction like the aircoins one (the last one) can be expected from the community towards us imo. All transactions are open to see and by the end of the week all transactions will be live on the website with a short explanation. Also be sure that the dutch tax office is not to play with on that matter, as foundation we have 100% tax exemption, be sure we will have to account for every transaction Do remind yourself of the fact that Raymond, Robert and I are members of a foundation and will be held accountable by Dutch law if we make malicious or not accounted for transactions. Believe me when I say I worry more about getting all transactions, be it FIAT or crypto, in 100% order, then you concern about a 5.4 million transaction (that is actually accounted for as you will probably understand now). If you have question, contact me on discord. Regards Bob [/quote] Thank you for your clear and concise answer, particularly that part which addressed how it's decided what gets paid and how. Completely understandable that every payment out wouldn't and shouldn't be in full detail. General terminology would probably work the best ie...Advertising, Exchange fees, dues and subscriptions, etc. Just like it would be in an accounting program. Honestly, malicious transactions weren't as much my worry as losing track was. As an "outsider", I have no idea what's going on, who's doing what, what's spent, etc. It really raised a red flag for me when Robert himself didn't appear to know. My worry went from "they're spending a lot, quickly, and no idea what for" to "is anyone even keeping track or monitoring?" I'm happy to hear that it will all be available on the website this week. Thank you for all your time and effort. |
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As an armchair critic, backseat driver, fudder, whatever you want to call me, these are things the teams need to start doing again, which all seem to have gone by the wayside since the mass exodus of key team members last summer (I know someone, somewhere, is going to reply with "they weren't key team members" but they very obviously were or things wouldn't have gotten left like they have). THIS IS CONSTRUCTIVE ADVICE AND IS NOT MEANT AS FUD.
1. Back room updates - these improved transparency immensely.
2. Proofreading EVERYTHING that gets posted on social media. The spelling and grammar errors that are regularly in posts now are really unprofessional looking.
3. Help wanted ads - You keep claiming people should volunteer. To where? The only post I've seen in months is for developers.
4. Translation team - what happened to getting everything translated for a global community?
5. Engineering call agendas
6. Consistent engineering calls held on the date they're supposed to be
7. Engineering call transcripts for easy access
8. Articles written by ECA with pertinent, informative content
9. Marketing has pretty much died... what happened to the graphics, information, updates etc?
10. Current roadmap
11. Updated whitepaper
12. Updated team information.
13. Community input, opportunities for engineering call content requests
From the time the teams were formed until about July or August almost everything about this coin and its management was impressive, even in a "down" market. It was constantly growing and evolving. Sure it had some hiccups, but the team more than made up for it, keeping everyone informed and excited on a continuous basis.
Having talked to many of the team members that left, their reasons for leaving had nothing at all to do with a down market.
Before you claim not enough time or volunteers, my personal suggestion would be to beg the key people who left to come back. Pay them, take up donations, use foundation funds... whatever it takes, just try to get them back. The ones I can think of are people like Crypto Life, Undertow, Mom, Ivan, Maverick...
Which brings me to my next point on volunteers. I myself would never personally volunteer for this project because of the way the volunteers are regarded after they leave. It's made very clear that no matter who it is that leaves, they didn't really matter and are easily replaceable. Their reasons are reduced to "they couldn't stick it through" , belittling their contributions and real reasons they had for leaving. Obviously, some of them aren't replaceable. For instance, you'll probably never get volunteers again with the same qualifications and abilities as the people I listed above. Hell, you can't get people like them for paid positions, let alone volunteer ones.
Maverick was one of the most effective marketers or "hype" expert I've ever seen.
Mom had unbelievable experience and seemed to somehow keep it all under control.
Ivan did massive amounts of development.
Crypto Life was an expert in pretty much everything, and an amazing community person.
Undertow wrote good articles, and based on everything that was released during his time, was a professional proofer.
I don't know who was responsible for each of the things that have been abandoned since they all left, but you need to get them all back, & the only way you can do that in a timely manner is to try to get some of those key people back.
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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] It's been 5 months since I posted any questions, at which time I thanked you for your answers and professionalism. That's obviously changed based on the aggressive responses you're giving this time. If answering my questions takes 30% of your time, it just demonstrates how little time you actually have to commit to the project. Calling for people on Discord to, and I quote you "Suffocate fudders with love and respect." in order to bury valid concerns and questions about funds being moved from the wallet and lack of transparency from the Foundation is literally getting the community to pull the wool over their own eyes. You've said s couple of times now that the expenses are posted on bitcointalk. E01's, yes. Consistently and timely. The Foundation's, no. Not until E01 posted the spreadsheet AFTER I asked why 13% of the funds had already been spent with no accounting. The very question that got any kind of accounting from the Foundation posted on bitcointalk you dismiss as FUD. (You have an inaccuracy Dec 6 by the way... There's an additional 5.4 million that was sent out that's unaccounted for). You yourself denied on Discord yesterday that over 14m has already been spent, which means YOU didn't even know until I asked. You are literally making false accusations and talking in circles in the hopes of diverting the community's attention away from the real issues, concerns, and questions. Answering questions in a direct, factual manner as E01 does in far more professional, and will result in far less replies from concerned community members trying to defend themselves against your false accusations of just trying to create FUD. |
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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. |
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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. |
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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. |
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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. |
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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. Thank you Robert. You are the only one in the team to acknowledge my concerns, and give me at least some answers. While I disagree with a couple of the opinions, I respect you for treating me as an actual investor with valid concerns. It would be great if other team members would follow your example and treat investors with the same professionalism you have shown. Great news on the Foundation formation, and I will indeed be listening on the call today. Thank you again. |
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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, 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. |
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Here is Maverick's Statement:
"I have received lots of inaccurate private messages in regards to me leaving the team. This is unfortunately true; however I want to be as transparent as possible to prevent any further false or possible statements from others moving forward.
Yes, it is true. I am sad to say that I had to step down from the team. Please forgive me as I do not feel comfortable disclosing personal information at this time. This has nothing to do with me going to another crypto team or the Electra project itself.
I知 a huge believer, perhaps one of the biggest, in Electra. This is something I never thought would happen and I知 truly upset. More so than you would ever think.
Just know that I知 very proud of the Electra community and all that you have accomplished, most importantly - the individual respect and comradery amongst members. Please keep up all the hard work and stay dedicated to the project."
Every member that left within the same month said it was for personal reasons. I'm calling bullshit now - Nobody would announce problems about the project after departing. It's just not realistic to expect anyone to do that. Ivan, one of the core blockchain developers, has left and even Aykut has gone on holiday. Key members have departed from the project, the fork has been delayed, and the funds still remain in Electra01's wallet staking for his own personal gain. Why exactly does this person deserve hundreds of thousands of dollars when he initially wasn't even interested in getting involved with the community/project? Hell, we're even seeing paid shills come onto the BTT to dilute some of the criticism going on here. This is an act of desperation. It's ridiculous ... Aykut went 1 week on holidays and came back today ... I am not against the negative opinions but hey I prefer not to answer when I see the critics since the beginning of the project. Yet there has never been a real reason for FUD electra01 in 1 year and a half. Great Aman.... Then you obviously must know the answer to why E01 is still staking the premine. The $1000 capital expenditures he claimed to be staking to cover were covered almost a year ago. He keeps all the stakes personally, and he was in charge of the fork. You don't find it a direct conflict of interest that he personally is making thousands of dollars a day in staking rewards by delaying the fork? Read back for 2 pages... What you call FUD are very real questions and concerns that you are personally refusing to answer. Why won't you answer real questions? You give the same disrespect to everyone that even dares to ask questions, and accuse everyone of spreading fud when they just want answers. Difference in here is you can't ban anyone, which is what you do to everyone in Telegram and Discord who even dares to ask a question. The supply is 100% going to run out before the end of 2019. This is math, not FUD. But you expect everyone is just going to ignore it because you don't want to talk about it. When exactly is the core team going to acknowledge this? How are they going to handle it? Are they increasing the supply? Lowering the staking? If they lower staking, it's going to have to go to next to nothing. And then what about masternodes? How are they going to pay masternodes anything when there's no supply? We're just supposed to invest or hard earned $ into a coin and "trust" that the team will magically fix it. The team that's lost THREE core members in 2 weeks, (Mom, Ryu, and Ivan), plus other important, long term team members like Crypto Life, Maverick, and Zarag. I thought we were a community coin? I thought there was supposed to be transparency? Whatever is going on is a complete cover up, from E01 continuing to stake almost a year after he recouped his $1000, to the amount he's actually staking (over 2 billion coins), to the maybe change that HAS to come because of supply, to why about half of your key team members has quit in the last 2 weeks. Aman, I hold you personally responsible for out and out lying to the community, bullying and banning people who try to find out the truth, and continuing to mislead everyone on what's going on. You're hurting tens of thousands of people who are invested in this. People with families to support, kids, school, mortgages... But you don't even care. Your only concern is keeping ECA going, no matter how many people your hurting or how many lies you have to tell. The only team members I respect are the ones who've left. At least they're answering the questions honestly when I DM then. |
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I wіsh thіs іdеа іnсreаsе well and exсеllent.
Spоtlеss аpprоасh, lоgіcаl busіnеss. Goоd luсk DЕV's!
. 🤣🤣🤣🤣.... This is so sad and obvious. Hope ECA team isn't paying too much for this crap. Every post that asks a real question or brings up a valid point is followed by amazingly similar comments in horrible English. |
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Here is Maverick's Statement:
"I have received lots of inaccurate private messages in regards to me leaving the team. This is unfortunately true; however I want to be as transparent as possible to prevent any further false or possible statements from others moving forward.
Yes, it is true. I am sad to say that I had to step down from the team. Please forgive me as I do not feel comfortable disclosing personal information at this time. This has nothing to do with me going to another crypto team or the Electra project itself.
I知 a huge believer, perhaps one of the biggest, in Electra. This is something I never thought would happen and I知 truly upset. More so than you would ever think.
Just know that I知 very proud of the Electra community and all that you have accomplished, most importantly - the individual respect and comradery amongst members. Please keep up all the hard work and stay dedicated to the project."
Every member that left within the same month said it was for personal reasons. I'm calling bullshit now - None of them would announce problems within the back end upon their departure. Ivan, one of the core blockchain developers, has left and even Aykut has gone on holiday. Key members have departed from the project, the fork has been delayed, and the funds still remain in Electra01's wallet staking for his own personal gain. Why exactly does this person deserve hundreds of thousands of dollars when he initially wasn't even interested in getting involved with the community/project? Hell, we're even seeing paid shills come onto the BTT to dilute some of the criticism going on here. This is an act of desperation . Paid shill of the project by a non English speaker in 3, 2, 1.... |
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Electra is about to announce its first ATM & POS partnership, of which ECA $ is targeting 3,000 ATMs and 30,000 POSs globally. I think the value of the ECA token will increase in the future.
Old news.... It was an ICO so it "might" be big news "if" this other company succeeds.... And those #'s for ATM's and POS are company projections for how many they "hope" to have in 5 or 10 years. This announcement was worse than an announcement of an announcement. It's an announcement that only stood to do 2 things.... Try to get people to invest in the ICO, and try to make it appear like ECA was actually in a viable, usable partnership. I wish it wasn't true, but it is. It's the equivalent of my claiming to be a millionaire now because I'm invested in crypto, because someday it's going to moon. |
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we are not going to lie to ourselves : electra is a biigg shitcoinn of its mother . sell off this shamecoin .
do you remermber elektra ? it is the same team
You got a few things wrong... E01 is staking far, far more than 400m. Think more in the 2-3b range. You only listed the community overseers that have left, and missed the really important ones that were the real drivers and backbone of the project. ECA Mom-Core team-Global Coordinator: She was a total driving force in the team. It seems to me nothing has been done since she left. Ivan-Core team-Lead developer: His title says it all. His name has been removed from the GitHub. Maverick-Marketing Coordinator: The only one trying to keep the community hyped and positive. E01 needs to do whatever he can to try to get some of these people back. It's a huge red flag when key team members and long term supporters leave the team in droves. |
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