As the manager of NodeOne, a shared masternode service, I have recently decided to withdraw support for MRJA and TGAO due to strong signs of malpractice by the developer (who is also the developer of MasternodExchange). I'm posting the same announcement that I made there here, to help people who wish to inform themselves. Draw your own conclusions - these are mine.
I have a rather sad announcement to make. For a long time, NodeOne has been supporting MRJA as a cryptocurrency with real value. In fact, we were the first nodesharing service that supported this coin and it was the first coin that we hosted masternodes for. Unfortunately that support will end this week.
The developer of MRJA runs four different projects, one of which is an exchange. He has been trusted by many people with their money - in the form of bitcoin, litecoin, or other real-value cryptocurrencies. Since the first day of his operations, these projects have been plagued by problems and malfunctions. Since the descriptions of his projects always seemed to make sense, these problems have been cast aside as startup issues by many, including me. However, enough time has passed now to see that the developer never really had any intention of running a working service. I'll lay out a full analysis of how i've come to this conclusion for you.
If a person is passionate about a project, we expect that person to dedicate a lot of time to that single project to make it work. If however, someone does not really care about a project but is only looking for ways to make a quick profit this is reflected in the way they work. More specifically, they tend to look for projects that people want, instead of creating a project that they're passionate about. This seems to fit exactly in Ganjaman's working style:
He has created the following three projects shortly after one another:
- Ganjacoin, a cryptocurrency aimed at the marijuana industry
- Reliefproject, a cryptocurrency aimed at social support for the poor
- MasternodExchange, an exchange platform that only supports coins with masternodes
On their own, these seem to be good projects. Especially Ganjacoin seems to have real-world value, in that it is supposedly backed by feminized seeds. However, after more than a year of development there has been no result to prove that this backing is valid. Ganjaman has only made posts about what he does (like securing smoke shop permits), he has never shown concrete evidence - aside from some photos of a few marijuana related products. Regarding the permits, we're expected to believe him on his word for it. In the meantime, the MRJA wallet has never run without issues (freezing randomly), becoming more unstable as time progressed. At the time of writing, the wallet is completely unresponsive. Ganjaman has announced a coin swap to move to a new wallet, which he developed in a few weeks time. Think what you will of this.
Reliefproject however, seems to be more shady on its own. It's description reads as if it specifically tries to target your compassion and 'guilt' you into supporting it. It does not however, show any real way in which it can help poor people. The developer has said he will donate ReliefProject coins to people in need, but provides no reason why this could not be done simply with bitcoin. Instead, he created a coin with a very large premine (7.5%) and hopes people will assign value to this currency.
MasternodExchange is another such project with no added value on top of existing websites. It does however entice people to transfer bitcoins directly to his control. While depositing BTC and other currencies has worked most of the time, withdrawals have so far
never worked. Ganjaman tells his supporters a new reason every month for why withdraws don't work - first there was some technical issue in january, then in february there was a "DDOS-attack" that supposedly lasted for two months, then there was a backlog, then all wallets apparently crashed. We're waiting for the next excuse right now. some users have reportedly been reimbursed and immediately posted that they received coins in the discord. This seemed to have given a lot of people hope (including me), but in the end we're left wondering wether these people were reimbursed to do just that (calm the public) or if these people were even real at all. The fact remains that the vast majority of supporters have been able to deposit coins, but never received them back.
While this was all going on, Ganjaman announced a new website:
http://cryptovaluecap.com/. Seemingly a direct copy of coinmarketcap, one wonders why yet another project was created that does not add value on top of existing websites while literally all other of Ganjaman's projects do not work.
In short:
- Ganjaman has been consistently sloppy with the development of MRJA
- Reliefproject can not show any reason for it's existing, especially with a large premine
- MasternodExchange conveniently allows deposits, but withdraws have never worked
When users complain about these issues, they are rebuffed and told in no uncertain terms that they should stop complaining, and that Ganjaman has better things to do. A developer who treats his supporters this way does not really care about them at all.
It has taken me a long time to eventually come to terms with this since, as so many others, i wanted MRJA, TGAO and MNEX to work. Unfortunately, we've been duped. Luckily for me, I had only a tiny amount of BTC on MasternodExchange (0.05 btc). However tiny the amount, the fact that Ganjaman can not even return those coins shows that he can not be trusted with larger amounts either. I have decided to distance myself from Ganjaman and his work.
with kind regards,
Enzo
The chatlog history between me and GanjamanInteractions between Ganjaman and people requesting support on discordYou may review the chats yourself... I've paid particular attention to not omit any of Ganjaman's reactions so if a screenshot ends with a question but does not show a reply from Ganjaman that's because there was no reply.
Of course if Ganjaman decides to fix his projects and clean up the mess, he could still show me that he's serious about what he's doing and that he just needs a learning curve. Until that effort has been made though, this will be my conclusion.
edit: in the meantime my 0.05 btc deposit has been returned to me. It's a step in the good direction as far as i'm concerned. I hope others have this experience as well.
