Topic: Is Smooth a Hypocrite ? (Read 5142 times)

Correct. The only payments were for bounties for mining software (not to me).

balance: 458951.354894133816, unlocked balance: 458951.354894133816

That seems like a reasonable rate of pay to me. Do you have any idea how many hours he has spend helping the Monero and Aeon community without asking for any monetary support? There are professional athletes that make 20x that amount per week and do less to help society than smooth.

AFAIK the 400,000+ Aeon development fund has not made any payments to smooth despite all the work he has put in. He answers technical questions for free all the time even about projects he is not involved with.

The fact that he is still here helping people proves that he cares. He could be on an island somewhere drinking cocktails but instead he keeps working and helping others who are less knowledgeable than he is.

Lots of is whining in this thread.

whoa whoa.. bigrcanada, smooth is one person only you sly rat...and look at these DASH shills moving here like a pack of hungry/noisy hyenas.

let's assume that smooth is a hypocrite...you all should welcome him to your hypocrite club

instead.. i smell jealousy..YOU HYPOCRITES haha

Just passing by.
Every person who had a conversation with smooth could smell a rat. People knew that long time ago.


 

Is Smooth a Hypocrite ?
Yes.

And lack of Ethics, and conflict of interest, and...

So you understand why I am contemplating forking it (but the source doesn't allow forking so we have to start from scratch). But the devil is in the details. There is a massive amount of work to do to duplicate and exceed what they already have.

I am busy analyzing their strengths and weaknesses.

Also analyzing if the concept is even worthwhile.

Golden Rule: never rewrite a project from scratch unless it is unsalvageable.

You also need to consider that he holds a delegate spot, which is worth $4,800 per day or $1,752,000 per year. Call me crazy, but he is being overpaid by a lot. I would do it for less than 10% of that in a heart beat. There is no way each delegate is bringing that much value.

Lol. I don't know how stakeholders aren't raising a big fuss about this. I guess everyone doesn't want to miss out on up votes from a whale because they spoke up about it. Delegates are whales.

Just add it to the laundry list of how unfair Steemit is.

I didn't suggest otherwise. The dilution (of SP, as opposed to STEEM) as I described above is never extreme but takes place over a period of years.

The interest rate is somewhat illusory. The rate of inflation is also extremely high during the initial distribution (higher than the stated long term target of 110%); with >90% of Steem powered up, the SP was and is being diluted despite the high interest.

Voting for your own posts helps a little, but the largest collectors of author rewards have not been the developers, but instead successful bloggers who came later.

Slight correction. Note that apparently due to the very high interest rate paid on STEEM POWER tokens during the first months (was much higher than the current 354%), and also being able to upvote their own posts with greatest voting power that 80% got further concentrated towards 90% or at least did not dilute much yet.

Also note that the give away to free signups is currently paused apparently while they improve the security, while the interest rate remains high.

Readers, smooth has stated he would be against the "pre"-mine. He did what any rational person would do if the potential for $4 million was laid out in front of you. Even if he had tried to publicize the "pre"-mine, the founders were intent on relaunching and doing what ever they had to. So I presume they would have ended up just switching to a premine if necessary.

Also my understanding is that smooth is interested in ways to onboard the masses into blockchain and crypto. Experiments have value, because they lead to better implementations of the key idea.

Note I have not necessarily jumped on board the Steem bandwagon. I am still doing due diligence.

The developers mined 80% of what was the current supply at the time of the pure PoW period.

Of that, they had and have a stated (and reasonably transparent) plan to sell 20%, give away 40% to new users (creating accounts on the platform requires funding), and keep 20%.

Not total supply, which doesn't exist since the coin has an inflationary supply model. Over time the initial distribution is essentially erased as stake share is continually redistributed to people who deliver the most value by creating highly-upvoted content (whether they are current coin owners or not).

BTW, I haven't bought any significant quantity (i.e. <1000 coins total) of Monero in the past year, so no I have nothing to do with the price rise, nor do I know who does.

  looks like smooth has officially lost his white knight CJW (Crypto Justice Warrior) sheriff's badge.

wow, i can't believe i just now saw this. i have screenshotted it for the record and will spread it far and wide.
i was wondering why monero went up in price for no reason lately. i figured it was just speculators again and was waiting for the 50% crash like last time it doubled recently. or maybe that was just smooth back then manipulating the monero market with his profits from his new ninja launched, fastmined stealthmined instamine, 80% premined coin.

i'm still reading my way through all the different steemit ann threads (hmm, now where have i seen that tactic before, monero) and trying to piece together everything that went down but man does it look bad so far. i really liked the steem concept and was investigating it and thinking about investing more but the unfair launch and distribution is the worst i've seen. i thought the monero fastmine was bad or that the 4 week, 3 week, 2 week, 1 week pow to pos coins had bad distribution models but a 80% premine takes the cake!
is that 80% of the total coin supply or 80% of the current coin supply?  i know smooth and others like to lie and conflate the two when trolling dash so i want to get it right. since most of the new coin supply is created from staking not pow i guess it doesn't really matter, because just like those instamined/fastmined pow to pos coins the damage is done and controlled by only a few like smooth. what is the total steem coin supply supposed to be?


unbelievable that after all the years of dash trolling he goes and supports something like this, beyond hypocritical.
dash had a ~10% (total coin supply) accidental instamine (2 million coins) that went to the early miners and has since been heavily distributed or at least more so than btc and others. hell, satoshi and hal alone have over 2 million btc that we know of. probably only a handful of others hold several million btc as well.

One last follow up for posterity and we'll leave it at this mutual understanding:


Note he was forced to remain invested and 50% can only be cashed out over a 2 year period.

The following is for those were so moralistic and idealistic in the past but suddenly lost their value system because of money.


P.S.:

---

I mean he is forced to remain silent, go soft, and (by doing that lend) support to a project which intentionally misleads its user base and attempts to place its investors in a jail to force them to become menial laborers (content curators), because he compromised his values for money.

In short, he has no more ethical high ground any more. Which he sold for a few $millions (assuming he can cash out before it collapses).

He can not criticize any thing I choose to do on my project. I will remind him he already sold he ethical standing to the devil. He has lead the way and shown all of us that we should do what ever we can to maximize the money we can get, regardless of ethics.

Btw, I salute him. I am an anarchist. More power to him. I hope this is the end of his (or let's say Monero's community) moralizing crap. Altcoins are not church. Instamines, premines, stealthmines, PoShit-Stake consensus systems, and what ever any one wants to do. Let them all suffer the free market outcome of their choices.

r0ach and I warned about Ethereum in the Ethereum Paradox thread. Smooth was conspicuously absent from that thread. I never saw smooth heavily criticise Ethereum. Yet those of us who did, were correct. smooth was all over Dash like flies on honey. Obviously because it was the competitor to his Monero project.

I've learned that humans are always tied to their vested interests, and I suppose that includes myself also.

New development in this story that I did not anticipate:


Btw, smooth is cashing out roughly $50,000 per week. (assuming your $5m valuation of his SP is correct)

Is that a meritocracy  

You can see why he would have an incentive to not speak about how it will be a disaster for those who invest in SP now (requires a 2 year lock up cashed out over 104 weeks), while he is cashing out every week. Chaching. Fools please buy Steemit and give your money to smooth.

@iamnotback I think Dan and the team will be more than happy if your Zero Knowledge Transactions could be implemented in Steem. Looks like Steem now has enough funding, so you can get what you want if the work is well done. Thoughts?

To make some amends for my melodrama about Monero upthread (sincere feeling but still overly dramatic like a bitcher, sorry), I want to close out with my objective being to try to convince smooth to be an anarchist:

That is reasonable but if if you are going to use a DB, LMDB is about as lightweight as it comes because it uses memory mapping and access to hot data is as fast as regular memory. Of course, much rests on knowing how to use it properly, and although the Monero implementation is getting better, that part is unfortunately still not optimal.

I suppose I should also count Howard Chu, the developer of LMDB, as a premier level Monero coder. I didn't think of him because he is relative newcomer and I also haven't personally reviewed his code (other than a few small commits, but I couldn't get much from that). But his accomplishments with LMDB, LDAP and other projects speak for themselves. He prefers to code in C, not C++.

He and I shared the affliction of illness, but apparently his was sudden decline and mine chronic.

I don't use a DB in my coin design, as that is horrible for performance.

I understand that transparency and widely distributed mining will be important to some, many or perhaps most investors. I am not trying to say that you all can't or shouldn't point out such differences in projects.

My point is that it gets annoying. What we really want to read about are more inspiring topics.

For example, I find the topic of discussion in the Monero Speculation thread to be so useless. If I had to waste my time reading all that crap in that thread, I think I'd rather quit entirely. Once in a while there is some topic there I am interested and most often because it is something I posted there (but I don't dare post there again because it usually gets nasty).

I'd like to talk about more exciting and inspiring topics.

Just so tired of all the negativity and inane topics about exchange shorting, 20 day moving averages, etc.. The buggers in my nose are more interesting.

warptangent was a talented coder and active Monero developer but not "core team" member and certainly not a forum personality (I think he may have posted once or twice). I'm pretty sure he was younger than you. Out of respect for his family's privacy I would rather not go into further details about his death (and I also don't know that much)

Announcement was here: https://www.reddit.com/r/Monero/comments/4c9wh8/a_fond_goodbye_to_our_friend_and_contributor/


The blockchain node, which includes most of the core logic for managing accounts, rewards, tokens, etc. is all C++. The web site back end is closed source so we don't know anything about it, or at least I don't. They have several developers (full time I believe) with apparently different specialities.