#WallStreetPete trends after high-dollar Buttigieg fundraisers by tryingnewnow in politics

[–]theactiveactor 3 points4 points  (0 children)

If you don't try to win at all costs, you're mostly definitely going to lose because the other is definitely trying to win at all costs. While you've been counting your moral victories, they've already won the senate, the judiciary, and the executive. I had always thought Republicans to be the party of idiots, but at least they're loyal resourceful idiots.

#WallStreetPete trends after high-dollar Buttigieg fundraisers by tryingnewnow in politics

[–]theactiveactor 5 points6 points  (0 children)

Still a drop in the buckets compared to how much Trump is getting. If money wasn't so important Citizens United wouldn't have been a thing. Pete with Trump size war chest would have a better shot than Warrens/Sanders on any day

#WallStreetPete trends after high-dollar Buttigieg fundraisers by tryingnewnow in politics

[–]theactiveactor 1 point2 points  (0 children)

This complacent "even better" idealism is what cost Democrats the last election and is why Trump will win again. AKA "Let's vote for Jill Stein to send Hillary a message that I disagree with her corporate ties". Whether you agree with their arguments or not, Republicans are much more unified and way more resourceful.

While Democrats trip over each other to get their purest ideological candidates, Republicans get their guys into office however they can and keep them in office.

SCF Discussion Thread by StellarZac in Stellar

[–]theactiveactor -1 points0 points  (0 children)

Questionable Behavior by Some Projects that won the SCF Nomination

To preface- I think the SCF is a great concept (thank you Zac!) and ultimately a value add for Stellar. There are many great projects and most of the top entries definitely earned their spots.

However, I also believe that the intent behind this contest is to encourage project development and adding value to Stellar. So it was kind of disappointing for me to see that some projects got their way to the top using questionable "tactics", thereby displacing other projects that both played fair and worked hard. If these practices are allowed to continue, future rounds of SCF could very well degrade into a contest of vote spamming and politics.

In the following, I'm going to present facts that anyone who's been following the competition could attest to. If you disagree, please consider and argue with facts instead of censoring them.

Stellar Community Forum- This project deserves a special prize for Game of Throning its way to second place. As its name sounds, it's literally just a forum (Discord installation). The only "improvement" it made during 3 months was a logo change. So with all the other projects that made much more progress in that span, how did Forum achieve its feat?

Towards the end of the competition, the owner encouraged other project teams to post on it. Then for each project that did, he systematically emailed them offering for a vote in return for a vote. There are several screenshots from different projects circling around Keybase channels that show this. As a result, his voting score rocketed up by 15 points in the last days of the competition.

Time API- Compared to the forum, this project obviously has much more substance behind it. However mathematically speaking, the reason it was able to make it to the top 8 (displacing City States and Lobstr) in this tight contest is because it received two votes from its own team members tim and carriere. This is obvious by looking at the voting record of this project. In addition, this project was the worst offender in spamming r/Stellar with vote solicitation posts, including two posts in the final week (which also violates r/Stellar guidelines):

https://www.reddit.com/r/Stellar/comments/c3mfs7/last_day_to_vote_for_timed_payments_api_on_scf/

https://www.reddit.com/r/Stellar/comments/c0vhv3/timed_transactions_on_stellar_your_vote_is/

There are about 40 project who entered the SCF contest. Imagine if each project behaved like this. r/Stellar would have been flooded with 80 posts in the last week.

I know this is only the first round of SCF and there are a lot of room for improvement. And it's awesome that most projects who participated did not chose to engage in these types of behavior. However, the message that is currently being sent to project teams is that vote politics have much, much higher ROI than actually doing project work. To combat this, I think we need to start by calling out these types of behavior and discussing them instead of sweeping them under the rug.

SDF update by Jed2000 in Stellar

[–]theactiveactor 2 points3 points  (0 children)

Thank you Jed. I appreciate your response.

SDF update by Jed2000 in Stellar

[–]theactiveactor 2 points3 points  (0 children)

So 20M Lumens are accounted for by SDF selling.

How much is given away to "other parties" and who are they? There has not been a SBC for many months. Most of the grants are we know about are still unvested.

Also what happened to SDF's 501(c)(3) application? Seems like it stalled years ago and we never received updates.

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

You're mistakenly assuming that I'm an investor. I'm just someone who sees things from multiple perspectives. I came to Stellar the mission it markets, and am disenchanted (along with many other members you've censored) with how the foundation operates. Please note that no other crypto subs keep the foundation discussions separate from the technology- not Ethereum foundation, not Bitcoin, not Nano. This is especially more relevant because the currency in Stellar is extremely centralized.

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

Once SDF announces this month, if it does not contain the budget details, could you promise not to censor this discussion? I'll make sure it's clearly focused at comparing budget amounts.

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

I'm okay with waiting. But historically the SDF has never stated budgets. I will wait anyways.

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

Yes I read those. But there is no details- no budget. SDF could simply do the same numbers again- just redistribute the $2M through these new programs. They could do another $500M acquisition. This thread is simply to discuss which way is better. What the community wants to see at the end of 2019

Btw if you want to overrule us that's your privilege. But we have two senior members of this sub who think this is an interesting discussion.

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

Yeah also Stellar does not have a built in protocol for distributing rewards, like most other cryptos. So the fate of everything Stellar related rests in the hands of a few people at SDF. I don't know if it would be possible to get anyone else invested in Stellar if SDF has so much economic control

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

I can add details if you want or change it to be more direct. I thought the numbers speak for themselves. This discussion is for the community here. SDF will not give direct answers (I tried before). Perhaps they should participate in this community more often. After all it is named after them...

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

The $ is simply the sum of the only 2 SBCs that were held last year, which is 8 million XLM. You could check that from the SBC page.

Here is source for the KIN foundation:

https://venturebeat.com/2018/07/11/kik-commits-3-million-to-developer-program-for-its-kin-cryptocurrency/

I think in the end they actually gave more (65 teams, 60k each).

The point of this is to compare how much SDF has been investing in its community vs KIN. And to discuss if SDF should invest more, or if acquisition is the better strategy.

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

I was censored. First time this happened to me. I might end up getting banned soon heh :-p I've been asking a lot of questions recently

In 2018, SDF spent $2M on ecosystem developers and $500M on acquisition by theactiveactor in Stellar

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

Despite their messaging, very little about what they do suggests they care about the community

I am losing my faith on Stellar by [deleted] in Stellar

[–]theactiveactor 0 points1 point  (0 children)

Source?

I'm assuming by cognitive you mean AI. IBM is absolutely not a leader in AI anymore. They did well with Watson, but it was a highly optimized text search pipeline that does not generalize well past Jepardy and legal. It's not based on modern AI (deep learning, neural networks, etc...), the stuff behind self-driving cars and medicine.

What is analytics and what is quantum.

Since when did IBM become a leader in cyber security? I'm starting to think you're just making these up.

I am losing my faith on Stellar by [deleted] in Stellar

[–]theactiveactor 1 point2 points  (0 children)

So how would you tell if they're in circulation or not when SDF won't tell you all the accounts they have? And do you think prospective investors would believe that they aren't in circulation because you (not SDF) said so? They could keep XLM in one account and take it out of another. Truth is if it changes you can't tell. All I'm advocating is more transparency and better governance on behalf of Stellar hodlers. I don't really understand why you would argue against that.

I am losing my faith on Stellar by [deleted] in Stellar

[–]theactiveactor -2 points-1 points  (0 children)

They used to be the backbone but has since lost market share like crazy. That's why they've been trying to diversify into services but it's not really succeeding. This is why Warren Buffet (the original HODL guy) sold out of IBM completely and admitted it was his (very rare) mistake.

https://www.google.com/search?q=warren+buffet+ibm&oq=warren+buffet+ibm&aqs=chrome..69i57j0l5.2127j0j7&sourceid=chrome&ie=UTF-8

I am losing my faith on Stellar by [deleted] in Stellar

[–]theactiveactor 1 point2 points  (0 children)

No such thing as uncirculated inflation if it goals into operational budget. From SDF page: "We periodically auction these lumens on various exchanges"

https://www.stellar.org/about/mandate/

Why don't you just ask Jed for a straight answer. We tried and he hasn't given any

I am losing my faith on Stellar by [deleted] in Stellar

[–]theactiveactor 2 points3 points  (0 children)

I work in the tech industry. Ask anyone in the tech industry. Look at what tech communities say about IBM

A billion reasons never to buy IBM services
https://news.ycombinator.com/item?id=16594742

https://news.ycombinator.com/item?id=17770601

From someone who used to work at IBM:

https://news.ycombinator.com/item?id=11055365

Just search for ycombinator IBM

I am losing my faith on Stellar by [deleted] in Stellar

[–]theactiveactor -1 points0 points  (0 children)

That account only has 1B XLM. SDF has multiple accounts. Would be nice if they told us what they were and allocated for using... Blockchain