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

[zahl]

@aeternity How many false statements/promises have Aeternity founders and its team made? Only God (-father) Knows. Just analyze ICO materials and first whitepaper to know the answer.

[zahl]

Where Aeternity failed is trust. Does anybody trust founders? Does anybody knows what happened with the money from ICO, where they went? How they have been spent? And how much funds are left? The community could participate if they know that capital was spent well. What do you expect after the token value has been destroyed by a excessive and unnecessary inflation that implies community destruction?* Nobody want to be a sucker to do the job for dishonest organisation. Now there are a lot of suspicious. And that is normal where there is no transparency at all.

Trust is the biggest capital in cryptospace.

* I have not heard any contrary opinion, like "well, mining rewards are too small". In the age of PoS the PoW miners are like parasites, especially when the PoW rewards are too high like in Aeternity blockchain.

[Makleyhill]

Aeternity blog post about service updates, how to set up the AE node and what it is for
https://blog.aeternity.com/why-run-an-ae-node-and-how-to-do-it-8b95a685f683

[zahl]

I let the GREAT GRANDFATHER OF ETHEREUM to read this:

The Eth 2.0 Economic Review: https://drive.google.com/file/d/1pwt-EdnjhDLc_Mi2ydHus0_Cm14rs1Aq/view

You can read for example that:

• PoS should have the effect of reducing centralization through economies of scale.
• Compared to Eth1 mining, validation in Eth2 is far less resource-intensive and does not require specialized equipment
• Nearly all of the assumptions made in this analysis are supported by ecosystem user surveys, Eth2 forums (e.g.
  Github), stakeholder interviews, and/or conversations with the Ethereum Foundation.

Are there any economic analysis of such a design of PoW in Aeternity or he (Yanislav, the Great) just woke up with a "brilliant" idea to introduce hyperinflation from the beginning?

[Newton90]

Participate in our æWorld Giveaway and win 600 AE$ !

https://twitter.com/aeternity/status/1291650907357294593

[zahl]

What is irritating me is that Aeternity founders put too much regionalism into the blockchain. Founders are Bulgarian and the language name is Sophia (and Varna for the other one if I remember corrrectly). Wtf? The widespread used blockchain should be free of national connotations. I don't remember any other blockchain that does it because it is a basic mistake and that is the general rule.

I don't understand why the hell the Yanislav Malahov (Godfather of Ethereum, waaa?) made so many bad decisions on various levels. His level of incompetency is just ... huge. Unbelievable.

[zahl]

Aeternity is a great example how to disengage the community by its founders' ego and ignorance.
If they have destructed the initial one, they will not engage a fresh one.
It is that simple.

[Newton90]

Launch your DeFi project with æternity

æternity provides an efficient and transparent framework for the new DeFi ecosystem. By setting new standards for the development, scalability, and security of DeFi applications, it works as a reliable platform for using DeFi and opens the door to the future of decentralized finance.

To dive more into the world of defi with æ support, go to our forum: https://forum.aeternity.com/c/aepplications/12

[zahl]

No businesses will risk to base their business model and products on Aeternity. There is no barely any communication from the team and what worry me more there is no communication from founders. Yanislav Malahov and Nikola Stojanow barely say anything. Their Twitter accounts are either silence or with some dumb tweets. They don't act like leaders that inspire and have some brilliant ideas to share. They have no other major success apart of gathering millions of dollars in ICO and then via BRI. There are a lot of old questions unanswered on their forum and those who ask inconvenient questions were silenced by suspending their accounts (including mine). Compare that to charismatic Vitalik Buterin and you will understand why nobody care about Aeternity. The risk is too high and everything seems like they are depleted of money (and I let you answer why) - more money than Ethereum had from ICO. There is no information what happened with the money from investors, how did they spend them and how much is left.

Some important points:
- almost no communication from the team
- almost no communication from founders
- destroyed community -> generally nobody cares about Aeternity, nobody participate in voting
- no governance, only voting which is almost not used as the community were destroyed by the ignorance of the team and founders
- messy and outdated technical documentation
- no good blockchain explorer where you can check inputs and outputs of smartcontracts and play with them like you can do in https://etherscan.io/ (after so many years? really? WTF?)
- PoS is not endorsed by Yanislav Malahov
- they try to pay African and Indian developers to use the blockchain because no independent teams want to use the Aeternity blockchain on their own
- they pay so-called ambassadors to incentivize those people to write positives posts or spread positives opinion about Aeternity (Newton90 might be one of such ambassadors)
- project managed by Bulgarians - Yanislav Malahov and Nikola Stojanow - which seems that have no major successes in business, cryptospace and management (apart of collecting millions of $$$ in Aeternity ICO, sorry for investors) and their actions revealed their incompetence, the lack of communication is outrageous

And remember, the idea is one thing, the execution is what matters.
And Aeternity failed miserably in this regard.


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]

The AE team needs help from the community

Please give us your opinion on our project proposal.

We have completed the first stage of the Hyperline project and are ready to show the demo version via online conference in Superhero.

Please leave any comments, suggestions and comments here: https://forum.aeternity.com/t/hypersign-poc-demo-for-aeternity-community-stage-1/7858

[zahl]

As I have mentioned and this is my personal opinion and not an investment advice, the Aeternity market cap will melt to $9 million due to management incompetence and ignorance and it means that the AE token can slump below $0.03. The state where the project is now and lack of communication from the top management and the team leads me to conclusion that something bad happened with funds collected in ICO. The other projects made bigger progress, have better ecosystem and it took them less time than Aeternity team to achieve more in a time they had. Aeternity has no good blockchain explorer yet. Just compare everything with a new kid in a block(chain) - Polkadot.

Today I will let you compare Polkadot Treasure to Aeternity BRI. Polkadot created their treasury to be transparent and governed by token holders. It will engage community of token holders to decide what projects and directions they want to fund and it will engage development teams to compete for these funds:

- https://wiki.polkadot.network/docs/en/learn-treasury
- https://polkadot.network/writing-history-the-first-teams-submit-their-proposal-to-the-polkadot-treasury-2/

Aeternity is not transparent how funds are spent. The top management made a huge mistake regarding inflation and tried to fix it by grabbing some part of mining reward to BRI. But they haven't gave a community a tool to manage and control that funds. This shows that the community doesn't trust them. 10% of mining rewards goes to BRI and I was against the initiative as the management haven't show that they are credible to manage the funds. On the other hands it could be a lot more, than 10% and I think even 30% or 40% if the will do it how Polkadot did. But the community didn't want these money to be defrauded in an not transparent funding processes. If Aeternity community was given the promise that the funds will be managed by community itself (token holders), I would advocate to cut mining rewards by even 50% to decrease inflation and build the community managed treasure.

Aeternity has a huge problem with trust to this project and there are a lot of speculation were the money went. Because as you can see, with the money collected, the progress should be 100x bigger. And the price reflects that.

Aeternity after so many years and millions of dollars collected still has no blockchain explorer that can interact with contracts.
After so many years, the top management transparency is tragic. Money management is not open and transparent. In contrast the Polkadot is using their blockchain platform to make processes transparent, engage community how the funds are spent and were the money goes. They communicate well to the community and report to it. That build trust, credibility, community of investors, believers and developers. Aeternity can't compete with that. It is not and can't be a top project. Something is fishy and smells bad with the project when you compare it.

There will be more examples to show how Aeternity management compromised the project in comparison to the other projects:
- communication of Polkadot team vs Aeternity team (check Twitter, YouTube, blog posts, forum responsiveness)
- governance and power of community: https://polkadot.polkassembly.io/ vs https://superhero.com. In short Aeternity doesn't support token holders, developers and investors and decided to pay "aembassadors" proxies to engage them instead which is ineffective. Polkadot gave the power to the community and supported them by tools (dapps) build on its blockchain, used attractive staking and burning policies, voting and governance (proposals and referenda), forums to create an amazing community of token holders, developers and investors in no time. The Polkadot https://polkadot.polkassembly.io/ is focused on development of the platform, this is in contrast to Aeternity https://superhero.com/ which tried to be a more general "Twitter" platform with voting in which almost nobody participate. https://superhero.com/ is not solely focused to support Aeternity and that is not a purpose of it. Polkadot have a strong strategy, Aeternity tries to do something but the incompetence is more than acceptable and everything looks so cheap, below any standards. By these actions, the Aeternity development and ecosystem is centralized and in decay, while the Polkadot's is decentralizing, in rise and flourish.
- funds transparency: Lisk and Aion quarterly reports vs no reporting from Aeternity

Due to incompetence in management and shortcomings in vision of Yanislav Malahov and Nikola Stojanow, the Aeternity is stagnating while the other projects are making enormous progress.

Stay tuned.

[Newton90]

Using æ in a legendary way - Cryptic Legends Story

Introducing a new application based on the AE blockchain to the community.

Go to the forum to learn more: https://forum.aeternity.com/t/ae-cryptic-legends-story/7954

Follow the link to participate in Giveaway: https://twitter.com/crypticlegends1/status/1305557193819918336?s=20

[Newton90]

Introducing the ækiti community AE

aekiti is a technology community under the aegis of aeternity.blockchain, which aims to explore and provide solutions using #aeternity technologies.

Now aekiti on Instagram @aekitiaembassy

Aekiti's first Instagram post: https://www.instagram.com/p/CE936CkHFda/?igshid=vo8cmiyuri9

Go to aekiti.com

[adamvp]

what's strongest side of this project now? I remember Aethernity was planned as Oracle, but how the things look now?
Can Aethernity be somehow compared with chainLINK?

[Newton90]

what's strongest side of this project now? I remember Aethernity was planned as Oracle, but how the things look now?
Can Aethernity be somehow compared with chainLINK?

strengths are described in detail on the official website of the project

https://aeternity.com

[zahl]

The Aeternity team is moving and possibly selling millions of tokens right now. This is another action against the community. They have grabbed millions of tokens in a BRI action, they told that it may be a possibility these funds to be managed by a community or in a form of DAO like it happens in transparent projects (check Polkadot). But no, they have grabbed that tokens and drained BRI account. Check it out here:

https://www.aeknow.org/address/wallet/ak_2KAcA2Pp1nrR8Wkt3FtCkReGzAi8vJ9Snxa4PcmrthVx8AhPe8

Millions of tokens moved to Binance:
https://www.aeknow.org/address/wallet/ak_26N6Dw9QyjtTS3kCc467cRV3FraSYsfLxXW1WyrmRi9JUAF7ZN
https://www.aeknow.org/address/wallet/ak_bkW7wXKNjswHR5E7sN5nZsCttottSqKrQhECuVk5iNmYfF5LW

Binance delisted AE/ETH pair. Maybe delisting decision was motivated by what Aeternity management is doing. Binance might have experience with some previous teams that decided to move a massive token stake to the exchanges. The Aeternity management acts like they have drained the ICO money and is draining last resort tokens stake - BRI, aka Big Robbery Initiative.

You have been warned! This is another action that showed those Bulgarians are not communicating their actions and are not interested in an open and transparent project management.
Trust only in honest, transparent, open projects. Don't support any shaddy projects and management.

You won't see this type of info on their censored forum. And yes, they have banned me there.

[UmerIdrees]

what's strongest side of this project now? I remember Aethernity was planned as Oracle, but how the things look now?
Can Aethernity be somehow compared with chainLINK?

There is no way you can compare chainlink with Aethernity.  AE was a promising project once but now it seems the team have left it and many people have lost lot of money in this project. 

[asriloni]

what's strongest side of this project now? I remember Aethernity was planned as Oracle, but how the things look now?
Can Aethernity be somehow compared with chainLINK?

There is no way you can compare chainlink with Aethernity.  AE was a promising project once but now it seems the team have left it and many people have lost lot of money in this project. 

That looks like the true story. I'm not seeing the ae token appeared on the CMC anymore. It looks like the scam accusation above you was true and this project have been abandoned by the team. It's very sad to see AE has a lot of investors in the past and the projects raised more than 50 million dollars.
I hope that the investors who have been getting deceived by this project can at least take the legal action against AE.
SEC can bring back the investor's money to their hand .

[UmerIdrees]

what's strongest side of this project now? I remember Aethernity was planned as Oracle, but how the things look now?
Can Aethernity be somehow compared with chainLINK?

There is no way you can compare chainlink with Aethernity.  AE was a promising project once but now it seems the team have left it and many people have lost lot of money in this project. 

That looks like the true story. I'm not seeing the ae token appeared on the CMC anymore. It looks like the scam accusation above you was true and this project have been abandoned by the team. It's very sad to see AE has a lot of investors in the past and the projects raised more than 50 million dollars.
I hope that the investors who have been getting deceived by this project can at least take the legal action against AE.
SEC can bring back the investor's money to their hand .

I can still see AE on the CMC.
https://coinmarketcap.com/currencies/aeternity/
SEC has no control on these decentralized coins. There are so many projects which scam each day and SEC is not able to take any action against it.

[zahl]

The market doesn't trust Aeternity founders and managers. It was a mistake to give them money under management. Aeternity will not be a mainstream blockchain, it is a compromised project. What we can only do is to not pay attention to it, don't support it and educate people what is wrong about Aeternity. Don't be fooled by their short term actions.

Another story. Aeternity VC decided to fund UTU project. Of course they have used money collected in ICO. The UTU finally decided not to use Aeternity blockchain. Businesses want to stay away from Aeternity even if Aeternity funds them. Think about it twice. They don't want to risk their business. They know that Aeternity uses money to act as a Venture Capital which funds external projects instead of focusing on its own. Aeternity just have created a poor blockchain implementation and after so many years they even have no blockhain explorer (most basic thing) where you could examine and query smart contracts. Other blockchain projects are light years ahead.

In short Aeternity uses the money from ICO investors to fund projects that doesn't use Aeternity. This is just one example of mismanagement and incompetency.