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RE: The surprise fork of STEEM to HIVE is an opportunity to complete the [ Mission: Agua-Possible ] project!

in LeoFinance4 years ago

I am really sorry, I usually do not get involved in any confrontation on the blockchain, and I know you have a difficult situation. BUT I do not think you are acting correctly here.

You clearly state that 4777.7 STEEM has been donated to the project. That should really have been in a separate earmarked account.

Regardless of the separate account it is that 4777.7 STEEM that gained your account the equivalent amount in HIVE. It therefore is quite obvious that that HIVE should be allocated to the project otherwise you have personally gained from the charitable donations that people have made. The ethics of that are clearly questionable.

Therefore the total funds for the project should be...

4777.7 STEEM x 0.151 USD/STEEM = 721.43 USD
4777.7 HIVE x 0.243 USD/HIVE = 1160.98 USD

TOTAL = 1882.41 USD

That is more than enough for the pump for @edgargonzalez - yet you are asking people to continue donating.

This does not look good in any way.

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Imagine if copy-pasting blockchains (and currencies) could double our purchasing power in USD? We could have finished the project on day 1, with just 20 copies. But it's not that easy. Copying currencies doesn't copy purchasing power.

In fact, if what you're suggesting were true, why haven't we (the Steem/Hive community) thought of it before? Why didn't we just fork, and fork those chains, and fork those, and cash out all the tokens for billions in USD? It doesn't work, that's why. Now that the funds are available, and bridges between them in place, we're seeing deflation in STEEM (and a bit in HIVE as well). Clearly, we haven't doubled our money. Your math is ignorant of reality.

This doesn't look good in any way? Perhaps not to somebody who doesn't understand the math. You're being illogical, not to mention insulting.

Rework the maths with the current prices of STEEM and HIVE and you will still get the result that you have sufficient funds...

4777.7 STEEM x 0.143 USD/STEEM = 683.21 USD
4777.7 HIVE x 0.183 USD/HIVE = 874.32 USD

TOTAL = 1557.53 USD


As you have offered, please would you return the donations I sent from the @adollaraday account, and I will liaise with Edgar directly. You have a record of those donations as you have mentioned them in past posts.

Thank you