Here are some links to reports.
https://peakd.com/hive/@blanchy/valueplan-2025-so-far-part-ii-the-full-list
https://peakd.com/hive-167922/@blanchy/valueplan-the-numbers--total-payouts-in-2024-part-i
I have been concerned about credible accusations of fraud from folks claiming to be eyewitnesses on the ground in Venezuela. I'd appreciate any ability to look at any of these programs from someone objective and on the ground there. That seems to describe you well, if you are willing and able to have a look.
Edit: I just looked in my back catalog for Blanchy's posts I'd reblogged, and probably shouldn't have included the third link, as it has nothing to do with Venezuela, although it might help shed light on the amount of money Valueplan has been spending and why I'm concerned. However Blanchy notes in the second link that '28 of the 67 payouts were to users in the country of Venezuela.' This strikes me as unlikely to be random, and the economic opacity of Venezuela to folks outside the region make reasons for that concentration of funds flowing there to potentially be insuperable for that reason.
Anyway, I'd appreciate any observations or thoughts from you on the matter.
Thanks for the links. I think your concerns are substantiated. I don't know how or why Valueplan is allocating these funds this way, but while some of the accounts mentioned in those posts are actual people (I've interacted with many of them over the years on Hive), others are clearly scammers. Does nobody behind that project vet recipients?
I also don't understand why so many of the payouts are going to people in my country, there's no reason for that at all. Most Venezuelans in this platform are just content creators, they have no actual influence or special access within the country, nor do they run important projects that warrant that kind of financing, so I can't think of a reason why those funds are going to them. Did they apply for that and were admitted? And if so, who approved their access and what rationale supports that decision? It's very odd.
I don't find Blanchy's personal comments about my country fair, useful or necessary, but his questions are worth looking into. The process for considering recipients of these funds should absolutely be reviewed.
Blocktrades substantial stake has voted Valueplan over the Return Proposal, with some little assistance, and has immense stake in Hive which enough folks pander to that allows him to determine what flies in Valueplan and what doesn't. I have confronted principals of Valueplan regarding credible allegations of theft by fraud, and despite my firm request for receipts, was flatly denied. It strikes me that Venezuela being proscribed by sanctions makes funds there of casual discretion, as there are good reasons not to run afoul of international sanctions folks receiving funds from abroad are well aware of. All my complaints and appeals seemed to fall mostly on deaf ears, and I have not voted for any proposals other than the Return Proposal since.
There have been additional allegations that there were onchain routes by which funds could be sent to Valueplan principals instead of being spent per public statements, so it's possible that kickbacks of the significant sums allowed Valueplan resulted from the complete absence of requirement to do any accounting whatsoever, but those routes being public caused them to be unused for such purposes thereafter, at least. Last year or so I responded to the Valueplan proposal for DHF funding that I would not ever again vote for any proposal that did not commit to using GAAP (generally accepted accounting procedures, basically double entry bookkeeping) and regularly provide such accounting.
Eventually the Hive price crashed and here we are.