I would like to explain what led me to the decisions I took this past month. Firstly I must mention I have not done anything illegal or, to my knowledge, contradictory to any messages I have written previously. I am also not anonymous. An exchange leaked my identity years ago.

Ever since 2017, the largest funding for the project has been provided by me either directly or indirectly. I have been directly involved in two vital hard forks and many exchange negotiations until asked to step aside.

I am severely concerned that after multiple requests to the team over the past 2 months, I have not been shown the new code or been allowed to observe its progress. The potential possibilities of what is being done with the code seriously worry me. As I am not able to see the new code or who is working on it and therefore I do not know what direction the project is taking or what will change which is a very irregular position for a founder and primary donator to be put in. It is a red flag for me and hence I took the decision to reduce the ECA exposure of the funds I control. The removal of this thread link (my preferred line of communication) from Coinmarketcap a day after my previous post was also a factor in this decision. I will scale back in when the uncertainty regarding the code no longer exists.

There seems to be misconception about the definition of the pre-mine which I should clarify. The initial pre-mine is 1,000,000,019 as mentioned on day 1. It is not 1,600,000,000 as some people are insisting. It is recorded in the blockchain, unchangeable along with all expenditures which stand at 705,913,613 (hedge not included) of which a least 550,000,000 have gone to team and community projects. I offered to give the remainder of the pre-mine to the foundation after the team insisted but the offer got rejected and I was demanded to include the stakes and part with 880,000,000. Stakes are not pre-mine.

I have never guaranteed profits or told anyone to buy or sell Electra. In terms of transparency, Electra is in the top tier of the blockchain industry. Do not buy a cryptocurrency if you have concerns with it. There are 7000+ other options to choose from. In USD terms, an extremely high amount was invested into the development of the Electra blockchain and it is one of the best out there today. My issue is with the information being withheld from me and the team’s uncompromising attitude towards me. Not the project itself.

I'm mining and trading IPBC - never had any problems with sending or receiving (except livecoin sometimes have their wallet offline, but it is obviously their problem). I'm using linux version of the wallet, it's stable and easy to use, for mass adoption default on switch to use external node would not hurt, ability to switch off "bring to front" when receiving transfer for miners like me, also you could integrate bit.tube page into the wallet.

Question for devs - are you going to release sources of bit.tube, to allow competing ipbc based services? That would ensure ipbc success, in my opinion.

This is not true, development is always ongoing. We are simply not posting updates here all the time.

Currently there is a vote in progress about implementin Dev funding, 45%-45%-10% split of blockreward (like Dash) has.

The voting lasts till 4.th of November.

If the voting goes through, as it currently seems it will, 42.42% have voted YES on the dev funding. Then chaincoin will have the proper tools to bring in paid devs. (currently only community work is being done in chc).

 

Weekly update

We want to thank all of our investors for their continued support and patience. Development is going very well and soon your ETT tokens will be getting used as the fuel for our entire EncryptoTel PBX ecosystem. We want to touch on some key points below:

Read more: https://medium.com/@encryptotel/weekly-update-b45e530082e5

Just stopping by to say I really enjoy reading your posts Mirrax!

Work on the product is done in a private repository. We'll open source the bits relevant to decentralization and crypto in the near future.

You can see the actual work if you participate in the alpha or talk to our community members who have used it on Slack.