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Author Topic: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza  (Read 142495 times)
AltInvestor2018
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January 29, 2019, 04:10:07 AM
 #2941

Dear Stakeholders,

31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week?
On the Foundation...I was under the impression they would be providing some kind of accounting for the funds.  To date,  they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you,  5m from donation wallet),  with no accounting for it, at least not publicly as they'd claimed. 
They also said they'd be posting minutes from their meetings,  which they've also failed to do. 
This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore.
I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes. 
By all accounts,  you are more transparent than the Foundation,  and the premine would be better off in your hands. 
I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on,  or its something he doesn't want known.  This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue,  the options are
A) they have no real foundation control and it's all a front for someone else actually controlling the funds,
B) they're unprofessional, disorganized, & haven't been keeping track,  or
C) they've transferred funds secretly and gotten caught
I can't think of one good,  valid reason why Robert himself wouldn't know how much has been spent. 
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Electra01
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January 29, 2019, 05:19:13 AM
Last edit: January 29, 2019, 07:35:25 AM by Electra01
 #2942

Dear Stakeholders,

31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week?
On the Foundation...I was under the impression they would be providing some kind of accounting for the funds.  To date,  they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you,  5m from donation wallet),  with no accounting for it, at least not publicly as they'd claimed.  
They also said they'd be posting minutes from their meetings,  which they've also failed to do.  
This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore.
I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes.  
By all accounts,  you are more transparent than the Foundation,  and the premine would be better off in your hands.  
I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on,  or its something he doesn't want known.  This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue,  the options are
A) they have no real foundation control and it's all a front for someone else actually controlling the funds,
B) they're unprofessional, disorganized, & haven't been keeping track,  or
C) they've transferred funds secretly and gotten caught
I can't think of one good,  valid reason why Robert himself wouldn't know how much has been spent.  


The 31.5 million will not be deducted.

The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31).

My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released.



robertsebastian
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January 29, 2019, 05:27:38 PM
 #2943

Dear Stakeholders,

31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week?
On the Foundation...I was under the impression they would be providing some kind of accounting for the funds.  To date,  they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you,  5m from donation wallet),  with no accounting for it, at least not publicly as they'd claimed.  
They also said they'd be posting minutes from their meetings,  which they've also failed to do.  
This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore.
I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes.  
By all accounts,  you are more transparent than the Foundation,  and the premine would be better off in your hands.  
I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on,  or its something he doesn't want known.  This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue,  the options are
A) they have no real foundation control and it's all a front for someone else actually controlling the funds,
B) they're unprofessional, disorganized, & haven't been keeping track,  or
C) they've transferred funds secretly and gotten caught
I can't think of one good,  valid reason why Robert himself wouldn't know how much has been spent.  


The 31.5 million will not be deducted.

The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31).

My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released.

https://cdn.discordapp.com/attachments/417467913168224256/539479418486390795/unknown.png

Dear community,

I commented on Discord that we're working on an integrated explorer on the new website where everyone can keep track of the transactions. All transactions so far have been explained and made public on Bitcointalk.
For now I'd like to refer to the screenshot E01 shared which shows the expenses we had until now.

On a sidenote I do realise that I'm now responding an account that has questionable motivations of bringing the project in a bad light. Nonetheless I want to stipulate to each and everyone who reads this that all identities of the board members are publically known (unless most individuals in the crypto space or even in this thread). Also we spend our time and energy free of payment in making the project a success.

So to recap, please be a bit more patient until the foundation page on the website is updated so you can proactively find the answers to your questions/accusations.

Other then that I want to use this opportunity to thank E01 for giving the community and the project team the possibility to manage and use part of the premine. It testifies of great faith in people you have never met before and were, up until 2017, complete strangers.

End of message and on behalf of the foundation board,

Robert Bakker
https://www.linkedin.com/in/robertsebastianbakker/




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January 29, 2019, 06:00:42 PM
 #2944

Quote
The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31)


Wait... so next financial report will be in November or December 2019?  Roll Eyes


Why not make quarterly reports?


This is hilarious
LightInOut
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January 29, 2019, 06:11:59 PM
 #2945

Since Robert and E01 are here


Why would you go and say that you hired or paid "external" devs when it is NOW clear you were just paying Komodo devs?


The devs at Komodo are NOT part of the Electra team. They just helped you integrate Electra into their platform.


Still find it odd it took months to get integrated when hundreds of other projects have done it much faster!


This project lacks transparency
Robofus
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January 29, 2019, 06:14:29 PM
Last edit: January 29, 2019, 06:43:52 PM by Robofus
 #2946

which is hilarious it's bad quality fud by ignoring the post before you.

About your "hilarious" message, try to find out about the law of financial report annual... before you laugh.

And robert explains that you will be able to follow on the site live ALL expenses or movement live via an explorer (directly in the official website) but you ask for a quarterly report?

Try to be credible when you want to drown an interesting message.

( and for the others = Don't forget to read Robert 3 messages above it  Roll Eyes )
robertsebastian
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January 29, 2019, 06:16:50 PM
 #2947

Quote
The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31)


Wait... so next financial report will be in November or December 2019?  Roll Eyes


Why not make quarterly reports?


This is hilarious



The first fiscal year started in January 2019. As we have no reporting obligation (we received an exemption letter in November 2018 from the Dutch tax authority) we still have to see if a yearly reporting will be created or if the transaction overview on the new foundation page will suffice.



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January 29, 2019, 06:27:09 PM
 #2948

Since Robert and E01 are here


Why would you go and say that you hired or paid "external" devs when it is NOW clear you were just paying Komodo devs?


The devs at Komodo are NOT part of the Electra team. They just helped you integrate Electra into their platform.


Still find it odd it took months to get integrated when hundreds of other projects have done it much faster!


This project lacks transparency


We are fully transparent, it could be perhaps the person behind this account that lacks the abilities to find the answers to his questions.

1. As agreed earlier E01 funds the fork developments out of his own pockets in case costs have to be made. This is a joint effort between internal- and external people. The chance is there that the external people are joining our ranks soon. Big thank you to Jenova and Ricouskim for bringing these talented people to us last summer.

2. The devs at Komodo are NOT part of the Electra team. They helped us with intergating Electra into their Barterdex platform enabling Atomic Swaps there next to the "regular atomic swaps" LTC and BTC are able to do. They even thanked us for our technology and even improved their codebase to be able to integrate us.

3. We don't look at other projects, we look at ourselves. Personally I'm beyond proud that our small team of technical people were able to develop, test and deploy Lighning network, Atomic Swaps. POS v.3e, bitcoin core upgrade and more features together with the above mentioned people. Special thanks to Nash, Jenova, Ricouskim, Dre, MasterDen, Ruru, ComputerCrafter, E01 and more people for this impressive effort.

With all these accomplishments I think that we achieved something beautiful. A relative small project with a small fund (a huge community) that survived this brutal bearmarket and a lot of fud and bad luck manages to continue and #buidl. With our new blockchain we can compete with the top coins in terms of technology.

As I believe we will speak again in the future I thank you for all the time and energy spent here and keeping us sharp Smiley

On behalf of the team and community,
Robert


[/quote]
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January 29, 2019, 06:32:08 PM
 #2949

which is hilarious it's bad quality fud by ignoring the post before you.

About your "hillarant" message, try to find out about the law of financial report annual... before you laugh.

And robert explains that you will be able to follow on the site live ALL expenses or movement live via an explorer (directly in the official website) but you ask for a quarterly report?

Try to be credible when you want to drown an interesting message.

( and for the others = Don't forget to read Robert 2 messages above it  Roll Eyes )


Yea congrats at providing Annual Financial Reports


I just asked if there would be quarterly reports but you don't have authority to answer. I guess we have to constantly check the explorer!


Will it say - XXXXXX amount of ECA spent for ********* because we can't disclose the information until it happens?


FOR EXAMPLE:

31.5 million is being used to PAY KOMODO DEVS to integrate Electra onto their platform.

vs

We are spending 31.5 million on external and anonymous devs for our next fork!



cause that is BS
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January 29, 2019, 06:35:05 PM
 #2950

Huge thanks to Jenova, Ricouskim, Nashsclay, Dre, MasterDen, Ruru, ComputerCrafter, E01 and All the team, especially Robert! This team is insane and electra is one of the most undervalued project right now!
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January 29, 2019, 06:35:25 PM
 #2951

which is hilarious it's bad quality fud by ignoring the post before you.

About your "hillarant" message, try to find out about the law of financial report annual... before you laugh.

And robert explains that you will be able to follow on the site live ALL expenses or movement live via an explorer (directly in the official website) but you ask for a quarterly report?

Try to be credible when you want to drown an interesting message.

( and for the others = Don't forget to read Robert 2 messages above it  Roll Eyes )


Yea congrats at providing Annual Financial Reports


I just asked if there would be quarterly reports but you don't have authority to answer. I guess we have to constantly check the explorer!


Will it say - XXXXXX amount of ECA spent for ********* because we can't disclose the information until it happens?


FOR EXAMPLE:

31.5 million is being used to PAY KOMODO DEVS to integrate Electra onto their platform.

vs

We are spending 31.5 million on external and anonymous devs for our next fork!



cause that is BS

We havent paid Komodo Smiley
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January 29, 2019, 06:40:04 PM
 #2952

For your information, the komodo developers don't code the atomic swap of other projects/coins. Just final test and integration once the project's devs have finished.

And as you have already been answered, developers don't need to be public..... As on Bitcoin or more recently on Grin..........

You can check their commits on the github when Ruanne published it and validate. -> https://twitter.com/ECA_Ruru

Can you tell me what you're looking for by wasting your time attacking Electra?


PS: concerning the 31M it's about E01 not the foundation...

 you should come  "Discord" if you have so many questions or write in single message (without double post) which mixes all the discussion.
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January 29, 2019, 06:47:48 PM
 #2953

Sorry Robert and Robofus


I guess everything is 100% FREE for Electra  Roll Eyes
AltInvestor2018
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January 29, 2019, 06:49:08 PM
 #2954

Dear Stakeholders,

31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week?
On the Foundation...I was under the impression they would be providing some kind of accounting for the funds.  To date,  they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you,  5m from donation wallet),  with no accounting for it, at least not publicly as they'd claimed.  
They also said they'd be posting minutes from their meetings,  which they've also failed to do.  
This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore.
I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes.  
By all accounts,  you are more transparent than the Foundation,  and the premine would be better off in your hands.  
I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on,  or its something he doesn't want known.  This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue,  the options are
A) they have no real foundation control and it's all a front for someone else actually controlling the funds,
B) they're unprofessional, disorganized, & haven't been keeping track,  or
C) they've transferred funds secretly and gotten caught
I can't think of one good,  valid reason why Robert himself wouldn't know how much has been spent.  


The 31.5 million will not be deducted.

The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31).

My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released.

https://cdn.discordapp.com/attachments/417467913168224256/539479418486390795/unknown.png


Thank you for your professional,  non-condescending answer.  I don't ask these questions to create FUD, as Robert has implied in his response,  but out of a real sense of concern for the management and direction of the project.  
Dec 6th on the explorer shows 5.4m transferred out which is unaccounted for on the sheet the team provided you with?
My other big concern is that the Foundation Board doesn't have the time available to commit  to the project.  As volunteers,  their time is definitely appreciated,  however it would appear the Project could be being held back due to their inability to commit more time.  It's very worrisome that the responses for why things aren't done always contain a disclaimer that falls along the lines of "we're volunteers,  appreciate what you get,  we don't have time".
Is there no way that the current Foundation members could assign rights or powers to people such as Master Den and Asmoth who are available more?
Last question... it has been discussed frequently in the past that a way for the community to have more input and voting powers would be implemented, but so far it just seems to be becoming more and more restrictive and exclusive to an extremely small handful of people. Has the idea of a "community run" coin & community voting rights been abandoned? Just as a for instance... the decision to use foundation funds to fund Aircoins is questionable at best IMO. Much more effective forms of advertising they could be paying for.  
Thank you again for your professionalism and cooperation.  
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January 29, 2019, 06:56:47 PM
 #2955

Dear Stakeholders,

31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week?
On the Foundation...I was under the impression they would be providing some kind of accounting for the funds.  To date,  they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you,  5m from donation wallet),  with no accounting for it, at least not publicly as they'd claimed.  
They also said they'd be posting minutes from their meetings,  which they've also failed to do.  
This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore.
I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes.  
By all accounts,  you are more transparent than the Foundation,  and the premine would be better off in your hands.  
I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on,  or its something he doesn't want known.  This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue,  the options are
A) they have no real foundation control and it's all a front for someone else actually controlling the funds,
B) they're unprofessional, disorganized, & haven't been keeping track,  or
C) they've transferred funds secretly and gotten caught
I can't think of one good,  valid reason why Robert himself wouldn't know how much has been spent.  


The 31.5 million will not be deducted.

The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31).

My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released.

https://cdn.discordapp.com/attachments/417467913168224256/539479418486390795/unknown.png


Thank you for your professional,  non-condescending answer.  I don't ask these questions to create FUD, as Robert has implied in his response,  but out of a real sense of concern for the management and direction of the project.  
Dec 6th on the explorer shows 5.4m transferred out which is unaccounted for on the sheet the team provided you with?
My other big concern is that the Foundation Board doesn't have the time available to commit  to the project.  As volunteers,  their time is definitely appreciated,  however it would appear the Project could be being held back due to their inability to commit more time.  It's very worrisome that the responses for why things aren't done always contain a disclaimer that falls along the lines of "we're volunteers,  appreciate what you get,  we don't have time".
Is there no way that the current Foundation members could assign rights or powers to people such as Master Den and Asmoth who are available more?
Last question... it has been discussed frequently in the past that a way for the community to have more input and voting powers would be implemented, but so far it just seems to be becoming more and more restrictive and exclusive to an extremely small handful of people. Has the idea of a "community run" coin & community voting rights been abandoned? Just as a for instance... the decision to use foundation funds to fund Aircoins is questionable at best IMO. Much more effective forms of advertising they could be paying for.  
Thank you again for your professionalism and cooperation.  


I can assure everyone that we have enough time to do whats is needed, necessary and urgent for the foundation. It seems you are not fully aware of what has been discussed in the coordinator calls, or on our social media. Very soon as board of advisors will be installed to advice and help with the tasks that the foundation should do. The board of advisors are for example existing of the names that you mention.

On the other hand we won't do extra work that is not necessary. If the law doesn't oblige us to file annual reports, we will not make them. And so on..

Having a foundation and shaping it for good use is something that cost time and it is perfectly fine to take the time. We have frequent calls and discuss how we, as foundation, can grow and develop into becoming more and more professional. As you also missed in the recent communications since founding of the Foundation is that we have plans for community inclusion in decision making and these plans have been shared.

If you would like you can share your personal data with me so we can have a phone call or skype call to discuss your concerns as bag hodler of ECA and perhaps see if you could help out in an active manner. After all, we can't do this only with the small team that we have.. we need more active and skilled people that are loyal, positive, willing to build, spend time and help others. This could be you!

feel free to send me a DM on Telegram or Discord.


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January 29, 2019, 07:02:14 PM
 #2956

the decision to use foundation funds to fund Aircoins is questionable at best IMO. Much more effective forms of advertising they could be paying for.  
Thank you again for your professionalism and cooperation.  


Does Aircoins provide analytics as to how many of their users receive ECA airdrops via their app?

Will Electra foundation be responsible for maintaining this partnership? or will members be required to donate ECA to Aircoins?

I would like to know what the ROI is of this partnership!
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January 29, 2019, 07:05:14 PM
 #2957

Dear Stakeholders,

31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week?
On the Foundation...I was under the impression they would be providing some kind of accounting for the funds.  To date,  they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you,  5m from donation wallet),  with no accounting for it, at least not publicly as they'd claimed. 
They also said they'd be posting minutes from their meetings,  which they've also failed to do. 
This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore.
I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes. 
By all accounts,  you are more transparent than the Foundation,  and the premine would be better off in your hands. 
I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on,  or its something he doesn't want known.  This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue,  the options are
A) they have no real foundation control and it's all a front for someone else actually controlling the funds,
B) they're unprofessional, disorganized, & haven't been keeping track,  or
C) they've transferred funds secretly and gotten caught
I can't think of one good,  valid reason why Robert himself wouldn't know how much has been spent. 


The 31.5 million will not be deducted.

The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31).

My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released.

https://cdn.discordapp.com/attachments/417467913168224256/539479418486390795/unknown.png

Dear community,

I commented on Discord that we're working on an integrated explorer on the new website where everyone can keep track of the transactions. All transactions so far have been explained and made public on Bitcointalk.
For now I'd like to refer to the screenshot E01 shared which shows the expenses we had until now.

On a sidenote I do realise that I'm now responding an account that has questionable motivations of bringing the project in a bad light. Nonetheless I want to stipulate to each and everyone who reads this that all identities of the board members are publically known (unless most individuals in the crypto space or even in this thread). Also we spend our time and energy free of payment in making the project a success.

So to recap, please be a bit more patient until the foundation page on the website is updated so you can proactively find the answers to your questions/accusations.

Other then that I want to use this opportunity to thank E01 for giving the community and the project team the possibility to manage and use part of the premine. It testifies of great faith in people you have never met before and were, up until 2017, complete strangers.

End of message and on behalf of the foundation board,

Robert Bakker
https://www.linkedin.com/in/robertsebastianbakker/




Robert,  I have always held you in high regards, however your condescending attitude towards anyone who dares to ask a question is exactly why I chose to post my questions anonymously in here instead of in Discord, where I'll be ostracized for daring to question anything. I'm in there daily,  and see how everyone's treated if they're not cheerleading.  I am indeed grateful for all the volunteers,  however being a volunteer doesn't mean you're above reproach or not accountable. 
I ask these questions out of concern for the project. It's called diligence,  not FUD.
You yourself claimed in the past in Discord that meeting minutes and accounting would be available once the website  was live.  It's now live,  and still nothing is available.  As you've intimated,  almost all answers are available if one looks hard enough... except for anything related to the Foundation.  It would take 5 minutes to post minutes in Discord.  30 seconds to post big expenses. Since the Foundation was formed in October,  I don't think it's at all unreasonable to expect some kind of progress report, minutes,  or accounting,  even if the volunteers are all part time. 
 
loweyboy
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January 29, 2019, 07:09:57 PM
 #2958

Fantastic work by all the devs, team members and community members, active or silent. I have been involved since September 2017 and have never once had cause to doubt the Project or E01, who is beyond reproach, ultimately professional. Whilst some naer do wells try and FUD, he has always risen above their cowardly attempts, well-done that man, one day I truly hope to be able to buy you a beer or two.
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January 29, 2019, 07:14:36 PM
 #2959

Here comes the "Electra Army" of suppressors

If anyone has a valid question or concern they call upon everyone to push the messages down so others don't see it  Roll Eyes
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January 29, 2019, 07:16:28 PM
 #2960

Dear Stakeholders,

31,500,000 ECA has been transferred from the pre-mine in order to pay for development obligations involving the upcoming fork.
Will this amount be deducted from the 200m that's scheduled to be transferred to the Foundation this week?
On the Foundation...I was under the impression they would be providing some kind of accounting for the funds.  To date,  they've already spent about 14,000,000, or approx 13% of their initial funds (100m from you,  5m from donation wallet),  with no accounting for it, at least not publicly as they'd claimed.  
They also said they'd be posting minutes from their meetings,  which they've also failed to do.  
This lack of transparency or accountibility is really concerning. They've been set up for over 3 months now, so the excuse that it's "new" I don't think is valid anymore.
I think you should reconsider sending any additional funds to the Foundation until such time as they can account for their spending and supply meeting minutes.  
By all accounts,  you are more transparent than the Foundation,  and the premine would be better off in your hands.  
I just saw on Discord that Robert claims the Foundation hasn't spent 14 million... Which means he doesn't know what's going on,  or its something he doesn't want known.  This brings up another question of who exactly has access to the funds and who authorizes or keeps track? If Robert himself doesn't have a clue,  the options are
A) they have no real foundation control and it's all a front for someone else actually controlling the funds,
B) they're unprofessional, disorganized, & haven't been keeping track,  or
C) they've transferred funds secretly and gotten caught
I can't think of one good,  valid reason why Robert himself wouldn't know how much has been spent.  


The 31.5 million will not be deducted.

The foundation statutes state that financial reports will be provided within two months of the end of the fiscal year (in their case December 31).

My team has asked me to share the image below with you. It is still in development but should provide the transparency you are looking for when released.

https://cdn.discordapp.com/attachments/417467913168224256/539479418486390795/unknown.png

Dear community,

I commented on Discord that we're working on an integrated explorer on the new website where everyone can keep track of the transactions. All transactions so far have been explained and made public on Bitcointalk.
For now I'd like to refer to the screenshot E01 shared which shows the expenses we had until now.

On a sidenote I do realise that I'm now responding an account that has questionable motivations of bringing the project in a bad light. Nonetheless I want to stipulate to each and everyone who reads this that all identities of the board members are publically known (unless most individuals in the crypto space or even in this thread). Also we spend our time and energy free of payment in making the project a success.

So to recap, please be a bit more patient until the foundation page on the website is updated so you can proactively find the answers to your questions/accusations.

Other then that I want to use this opportunity to thank E01 for giving the community and the project team the possibility to manage and use part of the premine. It testifies of great faith in people you have never met before and were, up until 2017, complete strangers.

End of message and on behalf of the foundation board,

Robert Bakker
https://www.linkedin.com/in/robertsebastianbakker/




Robert,  I have always held you in high regards, however your condescending attitude towards anyone who dares to ask a question is exactly why I chose to post my questions anonymously in here instead of in Discord, where I'll be ostracized for daring to question anything. I'm in there daily,  and see how everyone's treated if they're not cheerleading.  I am indeed grateful for all the volunteers,  however being a volunteer doesn't mean you're above reproach or not accountable.  
I ask these questions out of concern for the project. It's called diligence,  not FUD.
You yourself claimed in the past in Discord that meeting minutes and accounting would be available once the website  was live.  It's now live,  and still nothing is available.  As you've intimated,  almost all answers are available if one looks hard enough... except for anything related to the Foundation.  It would take 5 minutes to post minutes in Discord.  30 seconds to post big expenses. Since the Foundation was formed in October,  I don't think it's at all unreasonable to expect some kind of progress report, minutes,  or accounting,  even if the volunteers are all part time.  
  


 

I think I spend 30% of my time on people who have questions. Some are critical some are not critical and I always answer them. Sometimes I have the answer, sometimes not.  I believe critical quesitons posed with a constructive attitude are necessary for a project team to stay sharp. Therefore I will always respond to them Smiley

If you scroll back everyone can see that whenever I take the time to respond to your or Lightinout's comments I respond with facts and answers, yet.. I get no feedback on my responses but another can of worms if being opened until facts and answers close these, and so on.
These questions, conclusions and even accusations have a repetitive and negative character and in my opinion don't add value to the project (opinions are there to be debated). As such I consider you and Lightinout as exceptions to the rule outlined in my first alinea and therefore I spend somewhat less time to the two of you.

On topic, the foundation expenses are visible and shared here on Bitcointalk until they will be shown on the foundations page on our brand new website.

I wish you the best.

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