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WEKU, I though this was a friendly departure

nnarvaezPosted for Everyone to comment on, 5 years ago6 min read

Turned out to be not so friendly after all :(

When I announced my retirement as developer i did with a lot of sadness but the situation had became unbearable for me seeing the lack of commitment and professional approach of the 3 owners of the main stake.

However I decided to do it softly and leave as friends, I intended to work on products and services to help weku stay afloat, but i did not wanted my name stained by their irresponsible approach to make the site grow.


I had not accessed the main production servers since HF21, when they started running their witnesses in them, and restricted myself to work in the Development servers.

In those servers I had running:

  • The exchange BOTs ( @banca) which is a service i was providing to ease the conversion of WEKU to steem and use the amounts to provide liquidity to the market.
  • The gateway BOTs ( @rev-bank) which are the ones that allow you to send funds to Bitshares and Trade at market prices.
  • The @punisher BOT that is constantly flagging the comment and spam farmers that use the loophole in the website to perform their illegal activities.
  • A refunds BOT for their broken gateway service ( @bts-exchange)
  • The backup RPC node as well as the test website (which works better than the main one even if it is slower as the server has a lot running https://web.dev.weku.io/)
    To provide those services someone needs to be on top of the server and keep the BOTs monitored and running.

This morning I woke up to discover my access to those servers was revoked.

Therefore I cannot continue providing the services.
Also in swift and fast move the main delegation to @mazinga which was used to support the curation efforts of 3 communities and increase the rewards distribution as well as to pay developers bounties and incentive the small investors exchanging their steem for weku, was removed.

This shows that WEKU management does not care for those services and efforts.


I also have seen over the last two days how the improvements i brought to the website have been slowly reverted, and we all have experienced that the instability of the same is back.

One very worrisome thing I realized today is that now the web site does not report the disabled witnesses anymore... (This was the first change I introduced upon my arrival)

What you see...

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The sad truth

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By seeing how fast they are reverting changes

And making up the website to give a fake impression of decentralization.

How fast they remove delegations beneficial to the growth of the honest userbase.... And please let me mention that to remove the delegation to amar a known scammer it was required weeks of pressure from the community and conjoint effort from both @siamcat and myself.

I am starting to doubt that their mistakes are the product of lack of knowledge

And starting considering there is a hidden agenda in which they know very well what they are doing.

I am not the first developer that has tried to correct and float WEKU for the community, I am not the first one to have given up seeing the resistance to positive change.

I do not feel my funds are safe

I have shown them how to take control of accounts, something that should only be done to criminals, there never were Japanese investors, I requested the funds in @linx and @mazinga and asked to be kept anonymous because I didn't wanted to be pestered.

With those funds and delegation we signed a confidentiality agreement that would be considered broken the moment the delegation was retired.


I have moved as much as I could to Bitshares, but even then that is not warranty that i will ever receive any compensation for the 2 months I have spent 24/7 steering the boat to delay its sinking.

Why I say there is no warranty?

1 The settings of the WEKUCOIN in Bitshares:

uuuu.png

As you can see they can blacklist anyone in bitshares, they can transfer the funds back to them, or can refuse to approve COIN movement.

So the chosen options are those of a totally centrally controlled asset.

As you can see on the left of the image above, they have issued 50 million of WEKUCOIN out of thin air with no backing whatsoever.
This shows there is no respect or understanding for the monetary policy, money is printed out of nothing, and held for who knows which purposes.


Along the block-chain community WEKU...

Is widely known as a scam, which is the reason it does not attract investors or developers, however I thought they just needed help and they seemed honestly interested in making this a success.

But over time I realized all they want is cosmetic solutions, they speak of this project as something long term, yet when I requested help to prime the market, to provide liquidity and to protect the price I was met with: "Buying WEKU is not the solution, we will loose all our funds. That is what in the end made me realize all the alarms I was ignoring should be heard.


This post will probably be flagged to death by the ones living on a bubble, and I will be accused of negativity and FUD, I dont mind, those honest and paying attention would have seen the endless hours i spent trying to correct their mistakes, trying to advice them into adopting more honest and sound practices.

Those who scourge and scan Bitshares would have seen how I kept the market price from crashing incurring in economic losses while they refused to collaborate.

That is not something done by a FUDDER, also many of the critics of WEKU can attest I tried to listen to their complains and to steer them into constructive and positive criticism that allowed to advance.


Whatever happens, I don't consider I have wasted time or money, I invested it into learning a lot more about the STEEM blockchain and what errors and actions to avoid, sadly WEKU is something that could have made us all rich...

Make your own conclusions

Take your own decisions, I am utterly sad and disappointed.

And I want to make a final clarification:

Since i am locked out of the server, I cannot warranty the functioning of the gateway, and it falls into weku team responsibility.
When I have the time I might setup the bots in one of my servers and provide serious banking services, with the transparency and honesty that a Batman fan requires.

Send funds to @rev-bank at your own risk (If the bot crashes and i am not locked out from the account I will make refunds but i cannot warranty the service)

I was migrating my COIN the ReV for Venezuelans to weku, but I guess that would have to wait until I find it a proper solid and honest home.

Sadly truly yours
Nathaniel



Originally Posted in Weku.io

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