[ANN] æternity blockchain ∞ AE TOKEN ∞ [PoW & PoS | Oracles | Smart Contracts]

[zahl]

Aeternity is clearly going towards $9 million cap blockchain project as it is failing its promises and is no more innovative (hard to say if it ever was apart of empty promises), especially in the advent of Eth2.0. Based on this the token price might reach 0.03$ soon. The project is sluggish, failing its promises and lagging behind new innovations. It has negligible community, and there is a small number of developers driven only by money paid with funds from ICO. Aeternity blockchain is hugely rewarding highly concentrated group of miners and themselves (Aeternity Foundation) via money-grab initiaitive (BRI) which was the first governance voting. That voting shows the direction of this blockchain and its priorities. Its leaders doesn't care about the token price, doesn't care about investors nor token holders. The leader of Aeternity, Bulgarian "grandfather-of-ethereum" is pro-inflationary and strongly against PoS. He predicts Ethereum (as one of the future PoS blockchains) will die sooner or later, but Aeternity will not as it is PoW blockchain with high rewards for miners. Aeternity is quite an authoritarian project far from the decentralized ideas.

If you don't agree with above, dive in to Aeternity and feel the Bulgarian spirit on your risk! Bulgaria was the Soviet satellite state many years and now is one of the poorest UE peripheral countries, so it should be ok to support such an amazing team. Buy tokens and support them, enjoy the inflation, BRI, nepotism, failed promises, devastated community, no participation in dummy governance (https://governance.aeternity.com/#/poll/5). More to come! Vitalik should say he had a chit-chat with Yanislav and borrow some of these ideas into Ethereum or Ethereum will be dethroned. Who knows, maybe Satoshi Nakamoto chit-chatted with Yanislav and was inspired to create Bitcoin... Anyway, you see the superiority of Aeternity.

P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. Reddit is no better as it marked my posts as a SPAM and I can only guess who initiated it. This forum is the only censorship-resistant so far!

[1715659589]

1715659589

[aeternity]

Aeternity is clearly going towards $9 million cap blockchain project as it is failing its promises and is no more innovative (hard to say if it ever was apart of empty promises), especially in the advent of Eth2.0. Based on this the token price might reach 0.03$ soon. The project is sluggish, failing its promises and lagging behind new innovations. It has negligible community, and there is a small number of developers driven only by money paid with funds from ICO. Aeternity blockchain is hugely rewarding highly concentrated group of miners and themselves (Aeternity Foundation) via money-grab initiaitive (BRI) which was the first governance voting. That voting shows the direction of this blockchain and its priorities. Its leaders doesn't care about the token price, doesn't care about investors nor token holders. The leader of Aeternity, Bulgarian "grandfather-of-ethereum" is pro-inflationary and strongly against PoS. He predicts Ethereum (as one of the future PoS blockchains) will die sooner or later, but Aeternity will not as it is PoW blockchain with high rewards for miners. Aeternity is quite an authoritarian project far from the decentralized ideas.

If you don't agree with above, dive in to Aeternity and feel the Bulgarian spirit on your risk! Bulgaria was the Soviet satellite state many years and now is one of the poorest UE peripheral countries, so it should be ok to support such an amazing team. Buy tokens and support them, enjoy the inflation, BRI, nepotism, failed promises, devastated community, no participation in dummy governance (https://governance.aeternity.com/#/poll/5). More to come! Vitalik should say he had a chit-chat with Yanislav and borrow some of these ideas into Ethereum or Ethereum will be dethroned. Who knows, maybe Satoshi Nakamoto chit-chatted with Yanislav and was inspired to create Bitcoin... Anyway, you see the superiority of Aeternity.

P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. Reddit is no better as it marked my posts as a SPAM and I can only guess who initiated it. This forum is the only censorship-resistant so far!

Hello,

Quite a lot of impressive statements again, but unfortunately, few have anything to do with the truth. I did not get how Bulgaria's past as a Soviet satellite is related but nevermind (btw few of the people involved with AE were even born then).

It's obvious you're determined to just talk without checking your facts, so go ahead.

However, if you want to really learn how innovative æternity is, you're welcome to join SuperheroLeague today and see the debut of a complete Coin Toss game using state channels.

Best regards,
The AE Team

[zahl]

I was Aeternity believer, but I see how it could have been a leader, but it lost its chance. The biggest mistake (because it is a basic one) is Yanislav Malahov view of PoS and a disastrous monetary politics implemented. To be honest it was like choosing it arbitrarily with no discussion at all. PoS is the future as it allows inclusion, project participation and fairer wealth distribution. PoW is flawed. There is also a hybrid solution PoW/PoS if somebody is conservative but still want to innovate.

The Aeternity ignorance I pointed in my posts must have something connected to the organization mentality which then relates to individuals that forms it starting from top down to the bottom.

[Newton90]

Interview with Luka Sucic, head of aetternity Starfleet

https://www.youtube.com/watch?v=dP1_-CNFT5M&feature=youtu.be

[Newton90]

The æternity developer community has launched Superhero

https://forum.aeternity.com/t/aepp-alert-tip-your-favorite-content-creators-and-causes-with-superhero/7092

[Sim-91]

I was a Big AE belvier in the beginning, but they just couldn't deliver the big promises.. Earlier this year I discovered Zilliqa, best Tech and Team in the crypto world. And more important, they deliver as promised. They had a great run the last few weeks.. They are now at turning point and about to breakout. Ir eally see them in top 20 or top 10 soon.

[zahl]

Beware, Aeternity looks like a massively mismanaged project. Don't let them fool you more like they fooled ICO investors. Their actions are not transparent. The funds might be depleted, nobody knows what happened with the funds and how much more are left! The core development has almost stopped. The project has no future. It is better to find more transparent project with better culture, community, prospects and management. Insiders are leaving the Aeternity board once they know what is going on.

There are a lot better projects, just to mention AION.
AION have transparency reports: https://theoan.com/blog/2020-q1-foundation-report/
LISK have it as well: https://lisk.io/blog/foundation/financial-update-may-2020
They have PoS and PoW.
They have superior team (contrary to the Aeternity top management which is Bulgarian, dishonest and no transparent at all).
At least diversify. Just check how professional AION is in comparision to laughable Aeternity and its god-father of Ethereum (Yanislav Malahov), haha.

P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. This forum is the only censorship-resistant so far!

[Sim-91]

Beware, Aeternity looks like a massively mismanaged project. Don't let them fool you more like they fooled ICO investors. Their actions are not transparent. The funds might be depleted, nobody knows what happened with the funds and how much more are left! The core development has almost stopped. The project has no future. It is better to find more transparent project with better culture, community, prospects and management. Insiders are leaving the Aeternity board once they know what is going on.

There are a lot better projects, just to mention AION.
They have a transparency reports: https://theoan.com/blog/2020-q1-foundation-report/
They have PoS and PoW.
They have superior team (contrary to the Aeternity top management which is Bulgarian, dishonest and no transparent at all).
At least diversify. Just check how professional AION is in comparision to laughable Aeternity and its god-father of Ethereum (Yanislav Malahov), haha.

P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. This forum is the only censorship-resistant so far!

Couldn’t agree more..it was a very promising project, but the lack of management is making this into a missed opportunity. I exchanged all my AE into zilliqa 2 months Ago. Zilliqa is 1 of the most promosing Projects in whole crypto land. Not managed by obscure bulgarians, but by real academic people! They are delivering everything they promised. Staking Will go live end of june. Price already went +160% last weeks and Will only go on when staking is implemented. Invest now or regret later...

[zahl]

Couldn’t agree more..it was a very promising project, but the lack of management is making this into a missed opportunity. I exchanged all my AE into zilliqa 2 months Ago. Zilliqa is 1 of the most promosing Projects in whole crypto land. Not managed by obscure bulgarians, but by real academic people! They are delivering everything they promised. Staking Will go live end of june. Price already went +160% last weeks and Will only go on when staking is implemented. Invest now or regret later...

Good for you. You had a perfect timing. Zilliqa might be a good project indeed. Ian Balina made an excessive research and supported that project a lot. It looks a lot better than an obscure Aeternity project. Aeternity with its shady past can't aspire to be a widespread blockchain platform and its adoption will never happen. It doesn't meet community standards. Those who haven't runned away and still believe in this project, well, sorry for them. Anyway, there is still a time to choose a better project with higher standards, but the time is running away. Enough is enough, wake up people. Do you still believe that this Bulgarian style managed project with it's leader (a self-called the great godfather of Ethereum, Yanislav Malahov), with depleted funds and money begging BRI initiative can aspire to compete with Ethereum?

Just check what was the state of ecosystem and community 1 year since ICO, 2 years since ICO. Where was Ethereum years ago, where is Aeternity now, after those many years. Ethereum accomplished a lot more in 1 year than Aeternity did in all years up to date. We will have Eth2.0 and all other projects try to compete with it incorporating higher standards, but not Aeternity.

And the most important thing. The ICO funds might be almost depleted. The top management can't suck any more funds out of the investors directly, but don't be surprised when they will do it indirectly (like they did with BRI initiative). Team members started to escape the board so the leader:
"Guys, would you be ok, if I leave æternity? Æternity blockchain is developed. Not sure if I can further help you here." Yanislav Malahov
https://forum.aeternity.com/t/yani-you-need-to-solve-these-problems-as-soon-as-possible/7108/34

From my perspective it doesn't matter if Yani will stay or not. He is responsible to (mis?)manage the project in an obscure way, building non-transparent organization and now leaving it this way. The standards introduced are terrible! Unfortunately Aeternity never had a great leader.

Switch off the lights. It is done. The greatest Ethereum competitor with all the features you can imagine. It is perfect. LOL.

P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. This forum is the only censorship-resistant so far!

[mich]

Aeternity Co-Founder Raising €100M VC Fund Focused on Emerging Markets

Nikola Stojanow has launched a €100 million venture capital fund to support blockchain opportunities in underdeveloped regions of Europe, Asia, MENA and Africa.

https://cointelegraph.com/news/aeternity-co-founder-raising-100m-vc-fund-focused-on-emerging-markets

[zahl]

Aeternity Co-Founder Raising €100M VC Fund Focused on Emerging Markets

Nikola Stojanow has launched a €100 million venture capital fund to support blockchain opportunities in underdeveloped regions of Europe, Asia, MENA and Africa.

https://cointelegraph.com/news/aeternity-co-founder-raising-100m-vc-fund-focused-on-emerging-markets

As I said:

The top management can't suck any more funds out of the investors directly, but don't be surprised when they will.

So they did. Welcome the €100M Meta Change Capital (MCC) VC Fund.
And be careful and do your diligence. Have you found any mentions to Nikola Stoyanow or Meta Change Capital on https://beta.companieshouse.gov.uk/
It might be a step to pump AE token. But don't be the sucker. Don't be so stupid to believe it!!!
As you would think it might be a "fake it until make it", it actually might be another SCAM.


Just checkout http://mcc.capital/ page. No SSL (https), a plain shitty HTML page. No GDPR or privacy policy. All domain details obfuscated. Do you really think its a €100M VC hahaha

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P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. This forum is the only censorship-resistant so far!

[zahl]

Just a rhetoric question.

Why would anybody want to embrace Aeternity when it offers no better community, monetary, governance, technological, transparency standards (and often much worse) than other well established blochchains?
Aeternity is no innovative, it is based on the already existed standards, it didn't invented anything its own.

• Bitcoin-NG invented by Bitcoin developers
• Yanislav Malahov strongly against PoS and is very pro inflationary (as a designer of inflation curve shape that paid millions of $$$ in rewards to miners when nobody use the blockchain, even now, and it was economically unreasonable)
• no transparency how the funds gathered during ICO are spend
• state channels invented by both Bitcoin and Ethereum developers community
• has no strong community, developers and investors as the token value depreciated by a destructive action of its founder that decided to reward miners with millions of $$$.
• can you remember out of your head any bulgarian managed product that gained a worldwide success?

just to mention a few.

Aeternity has no advances and is lagging behind the leaders. Stick to the blockchain that has the future.

Managing team members are starting to leave it:
- Vlad Dramaliev left (former Director of Communications)
- Marion Vogel left (former Director and Head of Marketing and Operations)
- Yanislav Malahov (founder) want to leave (https://forum.aeternity.com/t/yani-you-need-to-solve-these-problems-as-soon-as-possible/7108/34) and might already left as he is not in the project team (https://aeternity.com/#team_members)

Currently one address is receiving almost all mining rewards.
https://www.aeknow.org/address/wallet/ak_25B5qkxXVzK7Gwc656hYvudPwTH6FTGYeAcWMxfvTUmLKrnCQa
There is a possibility that rewards are unfairly collected by not disclosed and optimized mining app.
Is this the reason that Yanislav Malahov is against PoS helping centralized and unfair mining?

Aeternity was one of the worst managed blockchain project. It wasn't inclusive, but authoritarian from the beginning. It hasn't attracted highly specialized developers and hackers because the way how it was managed is against crypto-community values.

P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. This forum is the only censorship-resistant so far!

[Newton90]

Join our themed AMA conference Superhero League

Topic of the next discussion: "A look behind the veil of blockchain and cryptocurrencies"

Don't miss our AMA (Ask Me Anything) session on July 13, 2020 at 15:00 (WAT).

The AE team wishes you a good day

[zahl]

Please don't engage in this project driven by Bulgarians unless you read all my posts.
They had plenty of time to show the direction and that time revealed that it will never become a mainstream blockchain. It hasn't been built with any cryptocommunity standards. The founders has been dishonest (find out what they did to Zack Hess) looking for funds mainly (ICO, BRI as the first and the only effective governance vote), authoritarian (no discussion about monetary policy).
Some funds collected in ICO might be transferred from https://aeventures.io/ which was focused on Aeternity to another entity created (Meta Change Capital VC Fund http://mcc.capital/) and announced this year by Nikola Stojanow which is not focused on Aeternity. The creation of Meta Change Capital VC Fund (MCC) shows that founders of Aeternity are loosing focus on Aeternity and are quickly redefining their strategy. There is no public statement what happened with funds from ICO and where they are now. Actions are not transparent. Many top managers left Aeternity. Just match puzzles, think about action taken and judge yourself.
You won't find information like that on their censored official communication channels. And yes, they have blocked me there.

[snoowdogg.chain]

Great news!

The æternity's æmbassadors network is growing and now you can become a part of it too.

Join the æcosystem and earn AE tokens! Read all about the new æmbassies here: https://medium.com/aeternity-crypto-foundation/the-%C3%A6ternitys-global-ambassadors-program-update-the-launch-of-the-%C3%A6mbassies-d744c618a6d

#aembassy #aembassador #aeternty #together

[zahl]

Aeternity was a leader only on paper (whitepaper) and that was true a few years ago. Now it is nothing more but just a copycat, badly managed blockchain project and no investors or VC, businesses, hackers, cypherpunks, users, etc. can consider it as a real alternative to other leaders of the blockchain space. Aeternity cannot be proud of anything. Community? Destroyed and ignored from the beginning. Tech? Lagging severely behind the leading trends. Idea? Was good, but few years ago. Monetary policy? Very high inflation authoritatively set. Decentralization? Forget, mining is centralized and mining cartels receiving huge rewards, development is centralized (open-source doesn't equal to decentralization). It is a terrible project after all.

It is mainly a fake project. It feels like the project is sqeezed out of money. Considering ICO it received more money than Ethereum and the question is what happened with this money. They have collected millions of dollars and are giving shekels in grants on mediocre projects. Just look at their grant reports (it is just one big joke): https://medium.com/aeternity-crypto-foundation/grant-report-7-woolypooly-china-based-projects-wetrue-aeknow-aeasynew-79b645e116f5
Maybe they even have no other choice, because as I mentioned, no real business is interested in Aeternity.
Ethereum managed everything in a more transparent and efficient way thanks to Vitalik who believed in the project no matter what. In contrast, AE founders - Nikola Stojanow has different priorities now and is no focusing on Aeternity (see Meta Change Capital). Is this where the funds collected in ICO are transferred now? He has also changed his Twitter username from @ae_nikola to @meta_nikola. The intention is clear. AE is out of his interest. And the other founder - Yanislav Malahov - considering leaving Aeternity or has already left. Why not? They got the money already and... they are not Vitalik. And they weren't be able to build a healthy organisation. That was beyond their skills or will or they were focused on other processes, like the first voting conducted (and the only effective) the infamous money grab initiative - BRI - to suck even more money.

At least please read all my previous posts than judge yourself if Aeternity is a project you can really believe in.

P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. This forum is the only censorship-resistant so far!

[zahl]

The inherent problem with Aeternity is the style they manage the project from the beginning. It is authoritatively managed project, they have made all the most important decisions internally with no external discussion. There is a problem with transparency and information what have happened with all the money collected in ICO is that the founders don't understand crypto-space community and its values. They also have tried to create and fund the AE ecosystem and control it. They don't do this effectively, the most projects are dead now, and no feedback is given. But this approach failed to the decentralized and spontaneous projects created by independent creators supported by a community like it happened in Ethereum world. The Aeternity is now failing like CCCP failed to the free world. They should have known how centrally management works due to its origin.

P.S. I don't use https://forum.aeternity.com/ as they censor and ban users there. This forum is the only censorship-resistant so far!

[tyz]

Thanks @zahl, for your opinion! I have traded Aeternity on short notice from time to time. The token is quite useful for that. After toying with the idea of a longer-term investment (the low price is attractive on the first look), I came across your posts, which made me doubt even more, since other indicators (including GIT-commits, community activity and transaction volume) were not convincing.

You often wrote about a Bulgarian project. The company itself is located in Liechtenstein (Vaduz), or is it just a shell company and the real company is located in Bulgaria?

[zahl]

Hi @tyz,

As I said I was an Aeternity supporter, not any more. Now I want to reveal what is going underneath and I am doing it here because it wasn't possible on their forum or reddit. Founders and majority of the team are Bulgarians. Lichtenstein could have been just a PR initiative driven by Marion Vogel - former Director and Head of Marketing and Operations. So I don't give too much importance Lichtenstein connection. Maybe they plan was to also get some investors. The Aeternity founders are very aggressive in that. The first (and the only effective) so called "governance voting" was to get the team more money (BRI initiative) where all the community complained about inflation authoritatively set by them, you can see their priorities. More important for them was to collect more money ASAP than to listen to the community concerned about inflation. They didn't want imflation to be smaller, they wanted to get a part of that inflation. They haven't build a trust, they destroyed community by their action and this is unrecoverable. What they are doing now will not change too much (SuperHero). SuperHero is their initiative like many others actions. These actions are centralized and this is the difference. Their mentality is exactly like the times which they grew up. Bulgaria was part of CCCP and was one of the poorest countries long time and even now it is the poorest part of UE. Other projects are more open, they have community which has started tons of projects independently from blockchain foundation team and later supporting them. The Aeternity tried to control everything centrally (also BRI funds), they pay a little money to African and Indian programmers which doesn't change too much. It is eastern way of management and it will fail vs to the western innovation, openness, trust and cooperation. The core of innovations is the west and Aeternity is out of the league there.

If you will connect the dots it is clear that Aeternity has no chance to be a major player in a blockchain space. Tech is not important as the top management has no skills or has no intentions to utilize funds collected in ICO (more that Ethereum collected) in a benefit of Aeternity but themselves.

Their actions are very poor, the ecosystem is very poor. Just think, they have collected more money than Ethereum and what have they achieved? Where are these money? I let you answer the question yourself. Ethereum in 1 year had bigger ecosystem, better chain explorers, wallets support and community support than Aeternity after more than 3 years.

The problem is also the PoW algo that they have implemented. Due to it is used in Aeternity only, there might be some private version of software which is more efficient in calculating it, so one organisation could unfairly benefit from mining more effectively. Founder of AE - Yanislav Malahov - said that all PoS will die sooner or later. My opinion is that blockchains that use non-standard PoW algo will die. (d)PoS is more inclusive and fair. It is the future. Aeternity is a mish-mash, it is not consistent. Nowadays PoW is not inclusiveness and unfair, leading to inequality and people will use whatever offers them a participation in block rewards, they will choose PoS.

Regarding on-chain transactions. Majority of them are a garbage. There are bots that are sending small amount of tx back and forth like in a ping-pong game, growing blockchain size for nothing. There is very small activity on blockchain, but the founders decided to pay huge mining rewards. Millions of dollars were wasted in these rewards, securing blockchain that has a marginal activity, almost no meaningful transactions.

[aeternity]

Please don't engage in this project driven by Bulgarians unless you read all my posts.
They had plenty of time to show the direction and that time revealed that it will never become a mainstream blockchain. It hasn't been built with any cryptocommunity standards. The founders has been dishonest (find out what they did to Zack Hess) looking for funds mainly (ICO, BRI as the first and the only effective governance vote), authoritarian (no discussion about monetary policy).
Some funds collected in ICO might be transferred from https://aeventures.io/ which was focused on Aeternity to another entity created (Meta Change Capital VC Fund http://mcc.capital/) and announced this year by Nikola Stojanow which is not focused on Aeternity. The creation of Meta Change Capital VC Fund (MCC) shows that founders of Aeternity are loosing focus on Aeternity and are quickly redefining their strategy. There is no public statement what happened with funds from ICO and where they are now. Actions are not transparent. Many top managers left Aeternity. Just match puzzles, think about action taken and judge yourself.
You won't find information like that on their censored official communication channels. And yes, they have blocked me there.

Hi @zahl, thx for your constructive criticism. So, let's tackle your points:

Every startup might have disagreements between founders to be solved in many ways depending on concrete situations and points of disagreement, this is not dishonesty, it is just real life.


The direction was stated long ago and such an ambitious vision needs time to be implemented before implementing new directions, today built- in oracles , state channels and naming services are in production at the protocol core, name other blockchain comparable in terms of security, scalability, efficiency and use cases enabled.

At the beginning of the network some decisions have been taken by the core team as in other networks for i.e network security reasons. If you want to be fast and effective in a dynamic market some decisions have to be effectively taken.

Now the network is more mature and ready to start implementing decentralized governance methods that are currently in discussion as part of aeternity ethos which has not changed. But as discussed with some community members in one Superhero League episode, mechanisms have to be proposed BY THE COMMUNITY—that includes you, if you are still part of it.

Monetary policy is clearly stated (you can see it here https://www.aeknow.org/miner/inflation) and anyone in the community can start a debate about it which might end up in a governance vote.

While a part of the founding team has left, others are onboarding as a natural cycle in any organization. This is just how projects evolve.

Constructive criticism is allowed on the forum—as evidenced by the forum thread you linked. And no, there was no mention of Yanislav having left the project in that thread. Twisting words  does not help. Of course, trolls making serious accusations without any basis are banned—just like in any other channel.

About MCC capital, this is a very serious allegation (even though you use "might be transferred") and is completely false. The fact that members of the team start their own investment venture does not mean that there is any relationship with ae other than a good relationship and exploration of possible synergies. No funds are being transferred from ae to mcc capital. But æternity start-ups and developers are absolutely welcome to apply for funding from MCC.

Use of funds is easy, resources are needed to continue development and operations.

Only time will tell whether æternity will never get to be a mainstream blockchain. But with continuous development of æternity’s superior tech, it’s likely you will be proven wrong. æternity has survived several crypto market crashes—precisely because it relies on tech building rather than hype. Lots of projects have died out, yet here they are. 😉

Anyhow, the public is free to propose improvements and projects for æternity. That includes you.