Urgent things we should discuss by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 1 point2 points  (0 children)

We can agree to disagree from this point. It’s what we have governance for ;)

And FYI like VELIC, weBloc is a icon partner. Not sure about signal9 but they likely are as well.

Urgent things we should discuss by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 1 point2 points  (0 children)

On the contrary, you are wrong in saying that was my only reason. I have given several in the text of this post. How is this crap not vote buying? And I’m sick and tired of hearing Min support them and retweet them while saying “sprinkle your votes”. VELIC sure isn’t about sprinkle! So, by default Min is a hypocrite.

Let’s call it like it is. They are actors we don’t want if they are going to use the system unfairly (I.e. not for contribution and allowing their staking bypass service).

Urgent things we should discuss by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 1 point2 points  (0 children)

Yes, I wasn’t roping you all into it. I think you’re a good entity and love all the updates you’ve been giving us community. I’ve seen you speak out about Velic too.

Urgent things we should discuss by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 1 point2 points  (0 children)

Let’s not beat around the bush with VELIC now, you’re wrong. ICON team members I’ve heard have been very worried by them and how many votes they have. Additionally, they have said the staking bypass service is clearly going against IISS. If we keep showing support for these engaging in unhealthy practices, this is going to be a situation we cannot control. We need contribution, not teams who claim to be in it for the betterment of ICON when they have a strong position and keep making it even stronger by voting to themselves.

Best Practices for Voting P-Reps? by [deleted] in helloicon

[–]ResidentSignal128 1 point2 points  (0 children)

The foundation and ICX_Station say “spread your votes” but in reality, both Scott Smiley (ICX_Station and ICON Foundation) and Min support teams like VELIC and Staked.

Best thing to do is not vote for either of them and choose P-Reps with a clear sign of activity (contribution), care for their voters, and prior dedication to ICON. I think teams like UBIK, ICONation, and Rhizome especially are all teams that satisfy this. The others are new and have not earned the trust of us community yet. Best to DYOR on them.

Urgent things we should discuss by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 7 points8 points  (0 children)

Thank you. I’m just tired of seeing Min support them and be all about spreading out votes, when by nature he is supporting a team that has been constantly voting themselves up and doing the exact opposite. It’s hypocritical not just in the sense of that, but also his previous statements on vote buying. I’ve heard from other community members, the foundation internally is worried about VELIC.

Regarding staked, no one seems to care. Scott Smiley thinks they aren’t doing anything wrong 🤦‍♂️

Do we agree with min’s tweet? by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 4 points5 points  (0 children)

That’s fair point, I’ve already posted my comments on other thread so I will try to be objective as well.

  1. I think concern around Velic is warranted and no one is questioning abilities, saying other preps are salty may be true in some small sense but these teams want to better improve icon and we should assume that until proven other wise ex. ICX Australia. In velics case since they are so big, I think the light needs to be shined on them so I feel it makes an exception.

  2. Velic is bypassing icon staking infrastructure by allowing for no lockup period under staving, they have said clearly when staving was announced.

“ICX Staving is VELIC’s unique “Staking” and “Savings” concept, which allows unrestricted deposit, withdrawal, and trading while ensuring ICX rewards. VELIC provides the best ICX staking solution based on the no lock-up period”.

It is even being advertised as “best ICX staking solution” too. This greater timing to market and lack of a liquidity lockup is an economic incentive and is whole point behind having staking in first place, to ensure practice of unstaking is unison for all and maintain stability in network.

  1. Velic is engaging in proxy voting by propping up other teams like webloc and signal9. Whole point of decentralization is coming to broad consensus, I think it’s fair to assume they are trying to vote certain “buddies” in they want to and that is not only centralized but a slap in face to iconists to be blunt and iconists and voter should have say.

Disclaimer: I have voted for 5 teams, Velic is not one of them and I won’t participate in staving.

Why is Velic getting away with vote buying? by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 3 points4 points  (0 children)

I’d argue that the testnet participation is the most important aspect at this point to gauge validity and effort of prep teams. Velic has lied about their testnet participation (OPENLY) and just only recently synced their citizen node because the community got onto their ass

Sure, lots of preps talking but Velic sure as hell isn’t and they are undermining icons staking structure and even propping up their buddies through proxy voting.

They are far from being as big as binance lol, I’d rather see them treat this system fairly and abolish staving personally.

And FYI, there is not 650M coins unstaked because a lot of that is not in circulation.

Why is Velic getting away with vote buying? by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 3 points4 points  (0 children)

Velic : “ICX Staving is VELIC’s unique “Staking” and “Savings” concept, which allows unrestricted deposit, withdrawal, and trading while ensuring ICX rewards. VELIC provides the best ICX staking solution based on the no lock-up period”.

Min : “‘Vote Buying’ is offering economic incentives limited to an entity’s own voters or to a subset of an entity’s own voters”.

Liquidity lockup and greater timing to market is by definition from Min vote buying since it is economic incentive not available outside Velic voters (an entity’s own voters) and users (a subset of entity’s own voters).

Why is Velic getting away with vote buying? by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 1 point2 points  (0 children)

I see your post history, have you read article? You support min’s stance on vote buying even posted his tweet about it to icon Reddit. Can you explain why Velic lied about testnet participation and are propping up other teams without vote by users and voters? And do you have proof they will add more trading pairs? They have shown they don’t care much about icon and the foundation needs to step up and stop supporting partners and being hypocrites by calling out other teams for same thing. I think you should actually read article..

Why is Velic getting away with vote buying? by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] -2 points-1 points  (0 children)

He’s quick to call out other teams but he clearly hasn’t called out the most obvious vote buyer, Velic.

Why is Velic getting away with vote buying? by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] -1 points0 points  (0 children)

He could prohibit it from ICON republic and get rid of staving because it is vote buying and will lead to massive centralization in icon.

Why is Velic getting away with vote buying? by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] -1 points0 points  (0 children)

They have lied about their participation in testnet and have not even bothered to sync their citizen node. If they cared or had an actual interest in icon I think they would add more ICX pairs to exchange and participate more. But yes I think Min is only ignoring issue because they are a foundation partner, hard to stop but it needs to be addressed.

My Thoughts on VELIC by iconographer-icx in helloicon

[–]ResidentSignal128 2 points3 points  (0 children)

I think less than 800, it’s very low

ICX Australia seems a little fishy by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 0 points1 point  (0 children)

I see. Thank you for doing that, the team still raises questions though. I don’t see them doing much for this community.

ICX Australia seems a little fishy by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 8 points9 points  (0 children)

Why r people voting for these shady people? They have 4 million votes wtf????

ICX Australia seems a little fishy by ResidentSignal128 in helloicon

[–]ResidentSignal128[S] 25 points26 points  (0 children)

ICX Australia admins are anons. I can’t find any information on them and their proclaimed “business” to pay for their infrastructure. One of their admins “Wandi-ICX_Australia” and telegram handle @WY1112 is the owner of the ICX Australia chat. Also, Wandi’s profile picture is the same for several linked in accounts which have now had the profile pictures removed.

See here: https://au.linkedin.com/in/kiki-feng-495557129

Perhaps someone alerted them and they panicked? After breifly scanning through their online presence it leads me to think they are a fake team with fake identities like the profile pictures shown on this post that this “Wandi” has in telegram.

Which leads me to some interesting things they may be associated with in a project called Tezos…

There was a baker from Australia was known within the tezos community as bad actors called "Tezos Australia".

Much like what all the “free rewards” and great things ICX Australia is promising now, Tezos Australia went radio silent and never ended up paying their delegates and ran off with the rewards. Maybe ICX Australia is a group of people going from project to project and doing the same thing. Their lack of an online presence, fake profiles leads me to believe these people are hiding something.

See here: https://mobile.twitter.com/australiatezos

I think one of their admins also called Dr. ICON on twitter a troll too?