03-11-2020, 05:26 PM
the Enigma community is being held hostage
<!-- SC_OFF --><div class="md"><p>on February 13th Enigma launched their mainnet. this was done in total silence by the team. </p> <p>a block explorer for mainnet (a cosmos fork built in 10 days) was found in the github. <a href="https://explorer.mainnet.enigma.co/">https://explorer.mainnet.enigma.co/</a></p> <p>this block explorer showed that 50m SCRT (enigma new token) was already minted with 100k of each handed out to the 22 pre selected validators who were running the chain. </p> <p>these validators include some community members who were previously beta testing the testnet which was supposed to be a private compute layer on top of Eth. other validators include binance, figment, mathwallet, and outlier ventures</p> <p>on Feburary 16th the team finally releases a post and breaks their silence with 2 blog posts</p> <p><a href="https://blog.enigma.co/enigma-announces-settlement-with-sec-and-successful-launch-of-enigma-mainnet-3811ef291705">https://blog.enigma.co/enigma-announces-settlement-with-sec-and-successful-launch-of-enigma-mainnet-3811ef291705</a></p> <p><a href="https://blog.enigma.co/the-enigma-mainnet-has-launched-3bd0d40fe80d">https://blog.enigma.co/the-enigma-mainnet-has-launched-3bd0d40fe80d</a></p> <p>the team has yet to comment about any potential swap due to SEC regulations</p> <p>it appears the team has decided to abandon the ENG erc-20 token and focus on Engimachain on cosmos, they are also very clear that they can not facilitate a swap. they will not talk about a swap in any way.</p> <p>this looks like an attempt for them to become compliant and wipe their hands of the SEC.</p> <p>the problem is how this swap is being handled.</p> <p>the team hand selected their validators. since validators are the only ones able to put forward proposals and vote on those proposals the community is at the mercy of those validators</p> <p>it has now been almost a full month and there is still now swap.</p> <p>validators have been earning rewards on their free SCRT</p> <p>there have only been 2 passed proposals 1 to decrease penalty for validators downtime (seems a little self serving) 1 to open discussions regarding a swap</p> <p>most validators are not speaking to the community and the few that are seem unwilling to propose anything the community is asking for and the fundamentals of the tokenomics are being changed without any good faith discussion</p> <p>the one validator that is speaking to the community has banned anyone who has given an opinion he disagrees from all channels that the swap is allowed to be discussed in, giving the appearance of community consent</p> <p>TLDR the community is being forced into a swap that might not be in the best interest of the community by validators the team handpicked, community channels are being heavily modded to silence anyone who opposes</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>on February 13th Enigma launched their mainnet. this was done in total silence by the team. </p> <p>a block explorer for mainnet (a cosmos fork built in 10 days) was found in the github. <a href="https://explorer.mainnet.enigma.co/">https://explorer.mainnet.enigma.co/</a></p> <p>this block explorer showed that 50m SCRT (enigma new token) was already minted with 100k of each handed out to the 22 pre selected validators who were running the chain. </p> <p>these validators include some community members who were previously beta testing the testnet which was supposed to be a private compute layer on top of Eth. other validators include binance, figment, mathwallet, and outlier ventures</p> <p>on Feburary 16th the team finally releases a post and breaks their silence with 2 blog posts</p> <p><a href="https://blog.enigma.co/enigma-announces-settlement-with-sec-and-successful-launch-of-enigma-mainnet-3811ef291705">https://blog.enigma.co/enigma-announces-settlement-with-sec-and-successful-launch-of-enigma-mainnet-3811ef291705</a></p> <p><a href="https://blog.enigma.co/the-enigma-mainnet-has-launched-3bd0d40fe80d">https://blog.enigma.co/the-enigma-mainnet-has-launched-3bd0d40fe80d</a></p> <p>the team has yet to comment about any potential swap due to SEC regulations</p> <p>it appears the team has decided to abandon the ENG erc-20 token and focus on Engimachain on cosmos, they are also very clear that they can not facilitate a swap. they will not talk about a swap in any way.</p> <p>this looks like an attempt for them to become compliant and wipe their hands of the SEC.</p> <p>the problem is how this swap is being handled.</p> <p>the team hand selected their validators. since validators are the only ones able to put forward proposals and vote on those proposals the community is at the mercy of those validators</p> <p>it has now been almost a full month and there is still now swap.</p> <p>validators have been earning rewards on their free SCRT</p> <p>there have only been 2 passed proposals 1 to decrease penalty for validators downtime (seems a little self serving) 1 to open discussions regarding a swap</p> <p>most validators are not speaking to the community and the few that are seem unwilling to propose anything the community is asking for and the fundamentals of the tokenomics are being changed without any good faith discussion</p> <p>the one validator that is speaking to the community has banned anyone who has given an opinion he disagrees from all channels that the swap is allowed to be discussed in, giving the appearance of community consent</p> <p>TLDR the community is being forced into a swap that might not be in the best interest of the community by validators the team handpicked, community channels are being heavily modded to silence anyone who opposes</p> </div><!-- SC_ON --> Kind Regards R