20 Feb Symbol blockchain news update – 20/02/22
A short Sunday post just to bring you up to date. Not a huge amount to report today but there are a couple of stories that I would like to bring your attention to. Both involve finances and I think it is really good that this information is being shared openly.
Full disclosure
This probably wasn’t an easy post to make but I think it was the right one. Under Symbol and NEM’s new spirit of transparency and disclosure @Jaguar0625 has published a breakdown of his financial holdings and previous earnings over the past 6 years.
It is an interesting thread in which I can see that there have been some regrets along the way. Judging from the way it was written I think that the level of valuation (and therefore payouts) to NGL shareholders, of which he was one is a bit of a sore point.
I don’t think that anyone would begrudge you making a living from what you have created and worked on during this time and by making this public I hope that it will further strengthen trust between the community and the developers. I think this was a brave move and I am glad that you have shared this information – I am sure that the vast majority of the community will share this sentiment too.
As a (cheeky?) suggestion though, if the team are encouraging delegating to community contributor nodes for harvesting maybe they could also use a small portion of their holdings to support this ideology 😉
The past will come back to haunt you
I have a feeling that this next story will have also nudged Jaguar to divulge financials – it is vitally important to show that the current team have nothing to hide and have not been involved in any wrongdoings. It appears that Hatchet can now add forensic accounting to the list of her many talents. She is currently delving into the murky financial dealings of previous NEM and Symbol management and she really doesn’t like what she has seen.
Hatchet I can’t imagine you as a passive person! 😂 But I like the new you that is leading us at this point in our history. I think that someone needed to step up, ask questions and get us on the right track, you may have made a few enemies along the way but I think we needed a fearless leader with a fighting spirit to join the pirate captains. I’ve said this a few times recently but I think we all need to be a little bit more Hatchet (just a bit though, otherwise it would be complete chaos) 😊
Stealing from the treasury and/or the community should be punished. I don’t like that the little guys have been lied to over the years, it is a betrayal of trust and I think that the community deserve better. I’d love to see us get some clarity on what has happened and hold those responsible to account. I should imagine that there are a few faces of old that are very worried right now and so they should be. Is it bad that I take pleasure in the thought of you getting your collective comeuppances? 😈
Thanks!
OK, I said it would be short and I kept to my word! I will be back with some more stories next week, it is looking incredibly busy for me (filled with a mild sense of dread looking at my to do list) but I will do my best to get some posts out! 😊
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I’m a Symbol and NEM enthusiast and run this blog to try to grow awareness of the platform in the English-speaking world. If you have any Symbol news you would like me to report on or you have an article that you would like to publish then please let me know!
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