I assume you mature enough to differentiate valid concerns and FUD. There is all the evidence to call your firm members scammers and "official" response that you treat removal of up to 50% of voters from results as "logic" is a pretty much proof of that. Who are you? 4 years old?

This logic is a scam. By this "logic" you are removing up to 50% of voters and in that case getting even more. Seriously who you think people are? Complete fools? In that case you force people to vote for at least 1% instead of "0" if they want they voice to be heard.

It also worth to mention that whole their voting math is a total fraud, here is why:



So according to bullshit they wrote in a blog post they simply will reject those who vote "0". The magic is:

((20 * 0.05) + (30 * 0.1) + (20 * 0.15)) / 70 = 10%

Because if they normally count those who don't want to give them a cut (against their interests) it turns out they are getting less:

((30 * 0) + (20 * 0.05) + (30 * 0.1) + (20 * 0.15)) / 100 = 7%


https://blog.aeternity.com/aeternity-first-on-chain-governance-vote-decentralization-2-0-5e0c8a01891a

The people who constructed this fraudulent "governance" scheme want you to make them a trustee of up to 20% of the supply. They give you nothing but a word. They already own almost 20% of supply and want more, it all.

Scammers removed this post from reddit.

There is no FUD. There was a number of questions and you never answered a single one actually.
Hilarious how all the scammers in this space over the years have been calling every criticism a FUD.

The questions are simple:

- why you need money now?
- why you want a full control of it or become a trustee?

If you are going to introduce voting on how to spend money you are still a trustee. Nothing like this is acceptable.

I actually predicted your possible BS answers and here my arguments: craptocurrency is not an average opensource program where donation model does not work, when system will be widely used there will be direct interest among participants to keep it afloat and they will pay you or another party to continue development in order to protect investment.

As said, the current "poll" is an election of the dictator. Basically it's a money grab, but we kinda pretend here you are not just a bunch of scammers trying to rip off investors.

I call bullshit on all your narrative since launch, you said you introduced high inflation because you need a security, it's a bullshit because it's clear now that you made it only because you want a cut from block reward. You don't need that much security because you are on 2 and 1/2 fraudulent exchanges and the major exchange does not support mainnet so far. The security is determined by the proce of token * block reward. You actually made the opposite.

You did it only to secure your own business, to continue writing off hefty paycheques to yourselves.

God save us from such advices.

Oh great so there is no need for hurrying. You have money for years to come and later when project will be very mature and solid all the development should go through community approval process, not plebs but some authoritative participants. Via a series AeIP, long discussion and approval/funding process.

But we all know you are not that stupid to not understand it. All you need is more money.

The conclusion: any commercial cryptocurrency is broken. Just like this one. We see it clearly it's a firm running coin and want to milk it. Just like Electric Coin Company (ZCash).

What actually happened? There was an ICO, people bought in, a social contract when people give money, getting token and hope those who have given money will pump their "share" in exchange for bootstrap. A criminal homeostasis of crypto society. It never happened and actually opposite happened, coin is in massive decline, tax model will completely kill it. It's a time to turn off the light.

There is no big competition among BIPs and EIPs. Once again, you just confirmed that you are going to decide it all by yourself. There is nothing left to talk about IMO.

AE is not a venture chain, if somebody want to write an app for it it does not mean they must be paid out of the block reward at all. It must be commercial project, a DEX or craptokitties or something else. Could be even ICO scam just like AE on ethereum. There could be many other projects on AE with their own funding model. And none of them must be paid by taxpayers (I presume you are mature enough to understand that block cut is literally a taxation model).

App ecosystem for a blockchain project must be a natural process of the grow, you provide base system (epoch) and some basic apps like wallets. The rest will either appear organically or never appear at all.

Well, it seems you pretty much CEO happy and you want free money so you will manage them on your sole discretion. Seriously, after reading this I see no reason to continue this dialog.

I never accused you of misappropriation, I said it's possible. And the key of governance is to remove power from your firm and transfer it to the crowd. Current poll is like an election of the dictator, pretty stupid.

By saying stake I mean a pile of cash literally, not referring to PoS or voting power here. It's pretty possible though, until your addresses are not banned from it on protocol level.
Vote per milestone is not slow, anyone can introduce a project, split on milestones and let users fulfil requirements.  Every sound project must do that any way, then few weeks for well planned project is not an issue. There is no even need for governance and long voting process, people read the paper and send money to smart contract. Examine dash and monero funding proposals.

I already wrote many times you are asking money to spend on development on your sole discretion it means there is no obligations to spend it carefully and it leads to corruption.

Block reward governance is retarded. It must be sealed and sound, but you screwed whole emission because you had a hidden secret plan to take a cut from it. You already damaged AE value and future by rolling out such a sneaky strategy.

Small correction, previously I wrote they have raised 250,000,000 but it was a mistake, $25,000,000 actually. My bad, but it changes nothing. Still huge money stake, it's enough to pay for development for years to come if you don't throw money left and right on luxury hotels and private jets.

Hilarious joke by office manager. Now tell me why you need a stake NOW? Because you first introduced sick inflation and want to take a cut of it as soon as possible before any significant decline in block reward. You think people here are retarded (mostly true) and this cut will be not noticeable because nobody spend money directly, I would say that in order to make development process sound and rational people must pay real money out of the pocket to support project. That's why people must vote per milestone, and stop bullshitting about it being "slow". It's a false narrative.

I propose another voting, reduce block reward before AE value hits the dust and introduce tail emission.

You said you have got funding for years to come, well, there is a time to develop a sound funding system and stop pushing that irresponsible taxation model which gives your team millions of dollars on your sole discretion. You said everything will be used for development? What stops you from writing a paycheque saying $1,000,000 for fixing a typo in a code comment? Nothing.



Also, stop pretending that you are a "community" project. You are a firm running a coin for the money people gave you. Model which I introduced allows community to vote for 3rd party developers, not approved by your firm. People can even fund full or part-time developers based on their trust for quarters for example.


Yes, actually I treat it as a series of steps to acquire existing funding and continue milking the chain you have created. By introducing this outrageous request you simply destroyed all the trust you had.

You have got hundreds of millions in funding and almost 20% of tokens in existence, why you need another stake NOW?. Your past achievements does not matter at all. Normal governance model I introduced is sound and rational. The model you want is the end of governance, a money grab. Once you are getting a cut after this poll you no longer need any governance. That poll is a fraud.

No guarantees since they have no obligation of reporting expenses, no way for participants to control on what they are going to spend funds and how careful they are going to spend. If you give them this cut they literally free to write a hefty paycheque to themselves just like if officials will decide how much bonuses they need for "serving and protecting" taxpayers. If you have hefty continuous money flow you don't take care of how wasteful your expenses are, you just spend.

Instead of giving away funds to this team on their sole discretion we must push them to introduce a process similar to Monero funding system.
Those who want to do development must write a proposal and community will vote for it, pledge money into a smart contract and after each milestone completion remit money by approving payment. It gives a control to the community over money flows.

It's so clear now how crooked devs exploit that governance BS. It's like 5 years old vote in referendum about giving away his future.

They call it a "governance" lol. Look how she want to shut me up on forum where I am trying to reach as much auditory as possible and convince them to not vote against their own financial interests:





(the only "insult" is that I called them criminals, because if somewhere ripoff is happening it's a crime)

They have been banning infidels all the time, those who raised concerns about block reward months ago got banned almost instantly on telegram, forum, reddit.

Your community does not exist. You are a bunch of scammers, criminals who pretend they are team of developers.

Maybe happy bagholders can confirm your point? It went from 60K sat. to 8K.

My proposal is simple, you remove current poll entirely and start full blown hype promotion in TRON scam style.

Regarding my language, I treat every shitcoin/ICO (including bitcoin) as a junk and scam, all people involved into craptocurrency development I treat as criminals and human trash, even those who have bought it are searching for a greater fool so also must be treated as co-criminals (including even myself lol) so don't expect me to use soft language when I am writing to people of such category.

LMAO. you have a lot of power over the price, you set a sick block reward, now you want up to 20% of this insanely high block reward to your pocket. If that behaviour does not affect price of the token you are either a moron or a liar which under current circumstances also affect the price of the token.

Just a friendly reminder here, if you vote pro BRI your voice is against future value of your own bag of AE.

They must pump their own bags and spend carefully, if they are getting block cut they will be happy with any more or less reasonable value of AE which is order of magnitude lower than current AE price.

Don't give them block cut or they will never pump AE.

Any further "governance" outcome will be pretty predictable once you give them block cut.