eosBlockSmith

What you're doing is called a bait-and-switch, Jack. It's a drastic change of investment thesis for those following the statements you've made over the years, and those who have invested time and money in your projects. XEN-ecosystem participants are those who supported and promoted your projects for years. They are your community. They're why your project is even known at all. You started with a huge focus on saying you'd essentially "burn everything", referring to XEN-ecosystem assets. I know you still intend to do this, but it is now with a much smaller allocation for XEN-ecosystem participants. Furthermore, now you're asking for VC money and collecting millions of dollars for a chain that was supposed to be fairly distributed in a decentralized manner. I don't recall VCs being a part of the vision for X1. VCs are now getting a big slice of the token distribution pie and further reducing the slice that the XEN-ecosystem holders thought they were getting, based on your earlier allocation charts and statements. This is all a big change. This is not to mention the huge delays on the project, where your hyperinflationary tokens continue to bleed into nothingness. I understand that software is often late to delivery. so I'm not blaming the lateness, as you admitted to me that it took longer than you expected as well. Another point: You weren't signed up with the SEC originally either-- that's why you were playing it so safe with XEN token distribution, relying on gas costs for token distribution. That was because this method of token distribution made it safe from the SEC. Now, you're doing a 180 and filing with the SEC, asking approval and permission. Many of us weren't in this for a government coin. If we wanted that kind of coin we'd buy XRP. All of the changes are a slap in the face to holders and investors in XEN-ecosystem, and I can't help but notice that money is at the core of it. This, then, boils down to greed. You can pretend like you had no obligation to anyone, but remember: your entire community was built from those who trusted and believed in you. For me, you've lost that trust. I no longer recommend any XEN-ecosystem token nor the X1 blockchain as an investment. As such, I must eat crow. I do not feel it is wise to be invested here because of the greed of the project allocation and capriciousness of project direction. Essentially, a bait-and-switch, with greed at its core.

US National Debt has now increased by over $1 trillion since the debt ceiling was suspended last month.

Met with the SEC today. We’ll continue pushing for a clear rule book in the U.S. for crypto regs. The U.S. can’t afford to fall behind on this important technology to update the financial system. Also important for regulators to set policy and THEN enforce it. Not start with enforcement before there are clear rules 🧐 At this point seems like congress will need to step in.

1/ Feather and Alliance will release on Terra in February 🧵 Feather allows anyone to launch their own blockchain at no cost, no devs and almost plug and play. Feather chains will be secured by $LUNA through the alliance module. Basically it’s replacing cosmos ICS.