Hi msg768, thank you for this insight into the SmartCash structures. It was certainly interesting and shows some serious concerns.
I would like to start with why you took the bots? Weren't you paid to create them for SmartCash? Why do you think you own them?
The fact that the founders rewarded themselves handsomely is pretty common in the cryptoworld. We see skewed distributions all over the place, for example Steem or even worse EOS and yet have grand hopes into the possibilities for these coins. I don't like it but that doesn't mean I think these coins are doomed. Quite the contrary. I feel very similar about SmartCash. Also, what you describe is a typical problem that all decentralized coins face: The first few years are still very much centralized and must gradually try to decentralize more.
However, SmartCash is currently suffering from an aggressive voting strategy from the whales. We didn't need your post to see this. For the past two months or so we see millions of votes smashing down the vast majority of proposals while before that we rarely saw more than 3 million total votes. The biggest problem with that is basically that it appears as if proposals are being decided by a few whales alone.
This is a big problem for growing decentralization of votes. Steemit inc. for example is never using their upvote power and only intervene by supporting dApps with delegated Steem Power. Making proposals censorship resistant and limit the massive influence of the founders in favor of more decentralization is something to strive for in the future. As it is in the best interest of the SMART blockchain I am sure we will find ways to make that happen together with the whales.
Also, I think that the Ben Swann proposal was indeed overvalued in terms of reach. But I also think that it was a prestige thing to support someone from the alternative media and freedom community. SmartCash has a lot of the Anarchapulco vibe and should in fact sponsor a few more people with maybe slightly smaller payments to create SmartCash sponsored content. I can totally understand why the whales threw their votes at him. It would have been nice to see Ben hold the coins instead of dumping them. Maybe this could be a part of a future proposal.
To repeatedly compare SmartCash with BitConnect is a pretty low attack, though and the only reason why I didn't upvote this otherwise interesting post. BitConnect was an obvious pyramid scheme that was doomed from the beginning. SmartCash on the other hand is a feature rich crypto with tons of cool open source development and a great vision. Managing the community treasury and voting process in a more decentralized way is achievable and I don't see the founders blocking that as they want to see SmartCash thrive more than anybody else.
And finally, dropping chunks of the treasury as airdrops on the holders and exclude the whales would surely redistribute wealth and voting power on SmartCash. My initial thought was that it would be a bad socialist move. But that would not take away anything from the whales, just make the community more powerful and lower the way to blown-up treasury, which will continue to grow afterwards anyway. On the other hand it would most certainly create a huge selling pressure on the price as many would just want to cash out the extra money to survive the bear market. So I don't know about that one.
All-in-all I think your post will hopefully by heard by the whales so that we can all come together and solve the decentralization problem for proposals and treasury instead of fighting and creating FUD for SmartCash. The price will probably drop much further together with the entire market. I hope I can use my chance to get a bigger stake then because I believe in the future of SmartCash. It is just so much more fun to hold and use compared to most other coins that I cannot help myself but to be optimistic.
You may need to define "SmartCash" and keep in mind that smartcash.cc or the so-called official hives are not a company or corporation. I did not get paid by any company or corporation to work for them. They sometimes make it sound like that's the case but if that's the case, I'd like to know what their license number is? The heart of the issue as I explained above is centralization of power vs. decentralization of power. The founders started with an extremely centralized system but promised to decentralize things eventually. That unfortunately hasn't happened yet. They want to control everything for the sake of influence and that's why they are mad at me for not letting them control the tipbots and their social media accounts.
Markus Ghambari being paid by a collective community group, and then absconding with that work product, do you really think that there is not a legal issue there especially in Australia and NSW state laws, which apply to you? Maybe your own guilt caused you to act badly and now you have doubled down on it, but continuing to besmirch the SmartCash name which includes the community and team, as they are inseparable. will not end well for either you or smartcash, it would be a net negative. in relation to decentralization, not sure if you were paying attention, but the hives went from 3 hives to 6 hives this year furthering the decentralisation, each of these also have there own social media etc, as you were not part of these hives activities you wouldnt even know what is going on in those hive chats etc
Jarrod Hockley-Franks, I didn't hear a license number or an ABN. But in the case of your statement, I would like to see smartcash.cc regulated if you like regulations so much. I do not have and have never had any contract with anyone from smartcash.cc so technically I have been working for myself. I'd like to see the contract I have signed if I'm wrong. Having said that, I'm committed to the community and I'm working on bringing the bots back live with my own funds on my own server since the founders have emptied the wallets. BigD is chipping in as well in this cause to help me show my good faith towards the community even though technically speaking I cannot be held responsible for anything whatsoever. Because the tipbots had a very simple term that no one can be held responsible for any lost funds in order to discourage people from holding their funds in a risky and centralized system. And if anyone has stolen here, it's those who have emptied the wallets without my permission and have now banned the discordbot on their server and are even reporting the new discord server I have made in order to allow users withdraw their funds. As with the 3 new hives, I'll get into that in the next episodes. I'm sure being one of the new hive coordinators you're well aware of the fact that not only the budgets of the 3 new hives are much less than the first 3, meaning the total balances, but also the founders can use sporks - soft fork - to disable them anytime which means these hives are not really independent. Not to mention even if they were, it would still not solve the issues of the fact that they're not operating based on any community consensus or voting but are rather forced upon the community. But yet again even when we get to consensus and voting, we still have an issue with at least initial unfair distribution of the block rewards. We either get real with these serious issues and seek to resolve them or we sit back and pretend it's all okay and ban, censor or fire anyone who raises them.
The community pays you?
Well we would REALLY like to discuss your wage and terms.
Sincerely ~Everyone you tax with inflation and no transparency~
Fascism (/ˈfæʃɪzəm/) is a form of radical authoritarian ultranationalism, characterized by dictatorial power, forcible suppression of opposition and strong regimentation of society and of the economy, which came to prominence in early 20th-century Europe.
Focus here since you are so dense: forcible suppression of opposition and strong regimentation of society and of the economy
I'll give you the benefit of the doubt since you likely got used to the beaches of hawaii during the bull run and are worried about next season. Get your morale standards up please.
If they are operating as a business without a license they are already breaking the law... if they payout "dividends" they are already breaking the law... Eventually the law and the police will catch up, in the mean time, learn who it is legal to pay, or be paid by according to local law...
P.S.:most financial crimes involving deception don't have statutes of limitations.
Any reason that lead to this shouldn't have made you ask them for a ransom to release the fork code of what they paid you for unless you have a different intention and only coming out clean because they refused your offers.
Its a shame, you maybe right but with the way everything went you definitely didn't do the right, now this is it.You have spoken well and i can't agree with you more @flauwy, well first Markus you were paid for the services you offered to the smart cash community, right? you said you wanted change, why don't you start that change off by showing other developers the code behind the fork tipbot etc when they first ask you to, well you thought you were doing the right thing like what they are doing now right? or you thought that's the only reason you are still a member of the hive and once you give that Info's out you would be fired?
Every project founders in the crypto world gets more of this often and we ain't surprised anymore, all crypto project starts as a centralized body before decentralizing.
This takes time and all this stories you are making up isn't going to make things better but might make people FUD Ont the project you were paid to help grow and that isn't good, tell us weren't you paid monthly like those founders?
Did you disclose how much they are paying you to us and other bonus.
The best way to stop evil isn't with good,
Iseems your evil isn't evil enough.
Lets assume you are trying to help investors like you stated earlier because they are bleeding and you demanded for that 5,000,000smart to distribute back to them, equivalent to 120kusd for destroying your reputations like you claimed, i bet you won't have written this post and would have kept your kite hole shut, rather took the money and ditch people you saying you are protecting, i don't believe that, its all lies, money and men,
That's how we behave, but due to the fact they refused your demands of the ransom, You are screaming to the world to see you are innocent and did that on good purpose, bruv if you are the founder you would have done worst, they have a lot to loss if smart crashes.
Calculating their money and stake is so so wrong buddy. Smart isn't just a crypto project but in some ways a company. See beneath a crypto dev, smart is a company that got stake holders to it,
Satoshi worths a lot, go check his known wallet, so does every dev who worked with him. Why haven't he airdropped to btc holders or isn't btc decentralized.
If the founders haven't put all they got from the start, y'all think it would have gotten to this point that its on now. So they took a risk into a project, reaping it shouldn't bother us well i don't see the reap, they paid them selves for the work, when nobody believed in this coin they stood their grounds, planning, and finding ways to elevate the project, you said they used you, well you are only right if they haven't paid you once but if they have forget it, we the community should be the one saying you all including the founders used us still using us and making us believe in what don't exist, a community driven cryptocurrency that we hold the fate of the coin, now that brings us to the fate of the coin, the proposal section.
the smart whales are the controllers of proposals, they decide which proposal YES/and the ones that NO'S.
When on telegram, you started the fact about benn swann activities pulling the price down cause of the insane amount , i supported you 💯 percent cause i knew that proposal was doomed and "the price is making smart look stupid in the market"
The proposal section has to be addressed fast cause all this is making it look like smart isn't keeping to their promises, i agree on that.
Recent proposals shows only two with yes, including my proposal of creating a song for smart that everyone told me to go ahead, wonder what is giving it a bad signal after much pressure by everyone to go ahead and create a song.
Meaning their are heavy players not regularly on discord that decide what is done. That's where i have issues.
I did trust you so much man but you broke my heart man, with all this.
What was you idea behind asking for ransom like some terrorists
Tell us the truth and stop covering with the founders holding 70percent of want they created,their ideas. Isn't supposed to be but since its also allowed i see no problems there.
And to smartcash founders, i know you guys are trying to fight spam and scam in the proposal section, but its time the treasurer be put to work for the smarter good,
The amounts sitting there is so alarming, make us feel save, that the 50 percent is for everyone - the airdropping of the treasuries like lets say 30 percent to the community should be encouraged,the funds needs to spread and this would increase smart visibility too as a monthly reward coin (smart rewards)
And a monthly smart airdrop too.
Since the proposal section is controlled by bigger players, smart cash voting system isn't working, i tagged it a hierarchy .
"And to smartcash founders, i know you guys are trying to fight spam and scam in the proposal section, but its time the treasurer be put to work for the smarter good,"
Agreed.
I agree 👍
First of all, I did not ask for a ransom. I would not call it a ransom. It was a severance pay for allowing the hives to take ownership of the tipbots in expense of 5M coins. Ransom would be when you kidnap someone and you say you won't release them unless a ransom is paid. I did not kidnap anyone. I already have had full ownership of social media accounts such as smartbot on steemit and smarttipbot on Twitter. But I couldn't post or say what I wanted to say. Everytime I said something the founders didn't like, I was told to be careful what I say or delete that, etc... such as what I said about Ben Swann on Telegram. So I decided to finally leave. The ownership of the tipbots were themselves a leverage just like 5M voting power. I was not going to trade my power and leverage for nothing. I never said I'm going to steal the community funds if the founders don't pay me 5M, did I? They wanted me to give up my power and leverage in exchange of nothing. Now what if they gave me the 5M and took my leverage with tipbots? Then I would have 5M more voting power even if I didn't give any of it to someone else as I say in my post I planned to. It would still be less power in the hands of the founders vs. more power in the hands of someone like me who happens to disagree with some of their views and decisions. ALSO, I did not have to write this to defend myself. After rejecting my offer, they actually begged me a few times to not write anything "negative" and they would also not write anything negative about me so your argument that I am now just trying to defend myself is baseless. Even after posting this which I posted after they went public about me, I once again received a message from JuicyG telling me to delete my post and he would delete his post about me as long as I give them full ownership of the tipbots. But I refused because now that I can't have the 5M voting power, I want to exercise the leverage I have through tipbots. And what was their response? Ban the tipbot from their servers and not return the funds they took. They want full ownership of the tipbots and their social media accounts to maintain their influence. It's not about anyone stealing the community funds. That's all just a bunch of lies they are spreading to make themselves look good and make me look like the bad guy.
SmartCash posted that you demanded a ransom payment of 5,000,000 SMART. Is that true? And if yes, why did you do that?
Please read my comment HERE.
@flauwy and well articulated and balance response.