Aeternity achievements so far:
1. Fools community and investors by introducing too much inflation and not announcing it in a whitepaper distributed to investors properly.
2. Shady structures. Nepotism - Nikola Stojanow (CEO of AE Ventures) hired his their wife. No transparency how funds from investors are used. How much money they have, how much money they drained.
3. BRI - draining more money from mining rewards. Aeternity founders has no constrained hunger for money.
4. Aeternity team said they don't care about token price. But they care about money they receive (BRI initiative). They care about themselves, but don't care about token holders and investors.
5. Failed promises. They told that their PoW algorithm will result in a great decentralization were everybody will be able to mine AE even on the mobiles. In reality AE mining is centralized and millions of dollars are wasted for mining rewards.
6. "Mobile first" approach resulted in a immature ecosystem no developers or business want to use widely. They expect the ecosystem to be more professional and more "developer first".
7. Ignorants. Yanislav Malahov said that Proof-of-Stake blockchains will die. PoS may be more efficient way to secure networks.
8. Zack Hess had to escape Aeternity (and probably Bulgaria) because he worried about his life.
9. Aeternity failed many promises:
https://github.com/zack-bitcoin/amoveo/blob/master/docs/other_blockchains/AeternityScam.md10. No community or negative community that is the result of above.
Like kids playing with crypto-money.
To protect yourself, please read:
https://github.com/zack-bitcoin/amoveo/blob/master/docs/basics/scam_immunity.mdHello,
I am not sure what you are trying to prove here, but let me address some of your "arguments":
1. The way the inflation was set up had a clear purpose behind it - to protect the network at the very beginning when the risk of attacks was significant.
2. No shady structures - every single person employed to work for the project is a professional in their own field, while many have major achievements and decades of relevant experience. Check out LinkedIn for more details if you like.
3. The BRI funds are being used to ensure the continuous development of the æternity project. æternity Crypto Foundation provides regular grant reports about how funds are being spent and what projects are being funded and supported.
4. The team has chosen not to discuss the token price because of the volatile nature of the crypto space in general, and to focus on the development and the technology instead. The rest of your statement is just random comments.
5. Indeed, mobile mining was among the initial goals but as the project advanced, it became obvious that it won't be possible with the Cuckoo Cycle POW mechanism. However, Cuckoo Cycle's many other advantages confirmed it as the chosen mechanism. The level of decentralization of a blockchain is proportional to its maturity and requires time. Currently, AE miners have every resource or documentation they may need to start mining. Plus, as opposed to many other projects, AE mining doesn't require ASICs.
6. In reality, the æternity ecosystem is growing larger and larger and a significant number of both developers and businesses are currently building on top of æternity. Check out the Starfleet startups or the æternity Americas projects for reference. "Mobile-first" is the only approach that makes sense in the world we live in today - there is no way a blockchain application could be adopted if it is not mobile-friendly. Any argument in the opposite direction is just inept.
7. You said it yourself - POS MAY be more efficient, but it also may not be. There is no solid proof that POS could ensure the security of a network better than the POW. Plus, it will almost definitely result in more centralization. Thus, it is not a matter of ignorance - currently, POW is the more secure and efficient way.
8. Not even going to honor that with a response.
9. The æternity community is actually great and very supportive.
Thanks for taking the time to look into æternity. I'll suggest you look a bit deeper in order to have a more adequate perception of the whole picture.
Best regards,
The AE Team
