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I would like to explain what led me to the decisions I took this past month. Firstly I must mention I have not done anything illegal or, to my knowledge, contradictory to any messages I have written previously. I am also not anonymous. An exchange leaked my identity years ago.
Ever since 2017, the largest funding for the project has been provided by me either directly or indirectly. I have been directly involved in two vital hard forks and many exchange negotiations until asked to step aside.
I am severely concerned that after multiple requests to the team over the past 2 months, I have not been shown the new code or been allowed to observe its progress. The potential possibilities of what is being done with the code seriously worry me. As I am not able to see the new code or who is working on it and therefore I do not know what direction the project is taking or what will change which is a very irregular position for a founder and primary donator to be put in. It is a red flag for me and hence I took the decision to reduce the ECA exposure of the funds I control. The removal of this thread link (my preferred line of communication) from Coinmarketcap a day after my previous post was also a factor in this decision. I will scale back in when the uncertainty regarding the code no longer exists.
There seems to be misconception about the definition of the pre-mine which I should clarify. The initial pre-mine is 1,000,000,019 as mentioned on day 1. It is not 1,600,000,000 as some people are insisting. It is recorded in the blockchain, unchangeable along with all expenditures which stand at 705,913,613 (hedge not included) of which a least 550,000,000 have gone to team and community projects. I offered to give the remainder of the pre-mine to the foundation after the team insisted but the offer got rejected and I was demanded to include the stakes and part with 880,000,000. Stakes are not pre-mine.
I have never guaranteed profits or told anyone to buy or sell Electra. In terms of transparency, Electra is in the top tier of the blockchain industry. Do not buy a cryptocurrency if you have concerns with it. There are 7000+ other options to choose from. In USD terms, an extremely high amount was invested into the development of the Electra blockchain and it is one of the best out there today. My issue is with the information being withheld from me and the team’s uncompromising attitude towards me. Not the project itself.
Ever since 2017, the largest funding for the project has been provided by me either directly or indirectly. I have been directly involved in two vital hard forks and many exchange negotiations until asked to step aside.
I am severely concerned that after multiple requests to the team over the past 2 months, I have not been shown the new code or been allowed to observe its progress. The potential possibilities of what is being done with the code seriously worry me. As I am not able to see the new code or who is working on it and therefore I do not know what direction the project is taking or what will change which is a very irregular position for a founder and primary donator to be put in. It is a red flag for me and hence I took the decision to reduce the ECA exposure of the funds I control. The removal of this thread link (my preferred line of communication) from Coinmarketcap a day after my previous post was also a factor in this decision. I will scale back in when the uncertainty regarding the code no longer exists.
There seems to be misconception about the definition of the pre-mine which I should clarify. The initial pre-mine is 1,000,000,019 as mentioned on day 1. It is not 1,600,000,000 as some people are insisting. It is recorded in the blockchain, unchangeable along with all expenditures which stand at 705,913,613 (hedge not included) of which a least 550,000,000 have gone to team and community projects. I offered to give the remainder of the pre-mine to the foundation after the team insisted but the offer got rejected and I was demanded to include the stakes and part with 880,000,000. Stakes are not pre-mine.
I have never guaranteed profits or told anyone to buy or sell Electra. In terms of transparency, Electra is in the top tier of the blockchain industry. Do not buy a cryptocurrency if you have concerns with it. There are 7000+ other options to choose from. In USD terms, an extremely high amount was invested into the development of the Electra blockchain and it is one of the best out there today. My issue is with the information being withheld from me and the team’s uncompromising attitude towards me. Not the project itself.
Wow, what crap. Do you actually believe yourself that you are smart and had good reasons for your actions as you tried to explain? The text above shows clearly you have a ego-problem and take yourself too serious. Sadly you had a powerful toy in your hands to literally burn lots of money for lots of people including me. This action has been beyond stupid, especially considering the current crypto market situation (and that crypto gains usually go from big- to small-caps in a cycle) and that the team accomplished a few nice things over the last years and managed to turn the project around to be at least externally perceived as kind of legit instead of scam - basically the basis for more good things to come for investors, even for you, if you would have been more considerate and less ego-driven.
With all respect: f+ck you for f+cking me over and even feel righteous with this kindergarten explanation above.
