Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex
by
ik_do
on 12/10/2017, 13:00:53 UTC
So, what we have here is a failure to communicate.

Over the past few months, the lack of communication on the dev's part has caused a burgeoning vacuum which has filled with all sorts of misinformation and unfulfilled promises.

I probably speak for at least a decent majority of the VTR investors/followers in saying that no one really actively cares who the developer of this or any project is. Some of us have invested in projects with people called "evil-knievel" with no real life identity.

The issue here is that without any clear captain of the ship this project is quickly turning into what could appear to be a long drawn out scam. I'm hesitant to call it a scam because we simply don't have enough information right now.

Now that there is information coming in from a party (pnoch) who has stated that they are not the developer claiming that the developer's account (vtorrent) has been compromised, it stands to reason we should exercise the same caution we would with any project from now on if this were the case.

It's no small matter that the lead developer of a project which is based upon computer security concepts has had their account compromised. There are phenomenal risks that come into play when accounts are compromised and we should all be aware of these, including but not limited to:
  • The potential release of software which may compromise our computers either now or at a later date
  • The potential release of false information/updates in order to try and inflate the price (keep in mind VTR traded $500,000 USD in the past 24 hours)
  • The potential for source code and other information to have been stolen and sold off on the darknet
  • The potential that there has been some form of disagreement with people involved in developing the project and someone is trying to actively sabotage it


Whoever the dev is, in my own opinion, this is what is required to move onwards:
  • Sign the genesis block or some block that was associated with the dev at some point (inb4 Craig S. Wright)
  • Post a tweet on the twitter account (vtorrentcrypto) as well as post on the YouTube channel (link)
  • Post some sort of update on the github account (github.com/vtorrent/)
  • Show that the gmail account (vtorrent.crypto@gmail.com) is under the control of the developer (whoever that is)
  • All of these accounts or as many as possible should post some form of uniform statement (i.e. signing a statement with a key) in order for us to know they are under the control of the same party.

Given how severe the lack of communication has been, and given the events that have taken place in the past 24 hours which has raised a serious number of questions I'd also say that the following is required:
  • A clear indication of what the current status of this project is. This question has been left unanswered repeatedly for some time now and does not work to inspire confidence from anyone.
  • A clear plan of regular updates and some form of assurance that this project hasn't been stolen or otherwise interfered with by parties trying to manipulate the price

As a stretch goal, I'd also personally appreciate some sort of assurance that this won't be happening again. I've extended every patience towards this project and the events of the past 24 hours have basically been nothing more than a giant slap in the face. I can't speak for everyone as agreeing with that, but there is certainly some sentiment that we're dealing with either a problematic developer who has no interest in delivering a final product or some sort of disagreement that happened with developers who have been involved with this project.