It’s another weekend where I spent time trying to figure out how to claim my seed ICP tokens with a safe setup as recommended here, with another 18 tabs open atm. My new weekend hobby and I’m not the only one - this topic is most read and commented on this forum by far. At the same time I see no progress on issues that should be prioritised and some even rather trivial.
This post is about what Dfinity’s actions tell about the project and how this project is shooting itself in the foot. This post is written because we ended up with a project that has a pumped valuation, not fully open sourced code (at launch!), centralised governance, is ignorant to community and backers, and restricts token holders to access their tokens. Sure sounds like the one coin to own. This post is written in the hope that Dfinity’s team realises this and corrects their course (and as a much needed rant).
How can a project that claims to build the Internet Computer to rule them all not be able to integrate a hardware wallet, so that token holders can safely claim their tokens (after waiting 4+ years)? Or a web UI? Team of 180 and with deep pockets but can’t get it done? Can you at least check some of the ecosystem solutions and endorse those that are safe?
Why wouldn’t enabling backers to control their tokens be a priority? After all, if it is not difficult to do it then it clearly isn’t a priority. What does this then tell? Either, Dfinity doesn’t care or is afraid we all dump. Or both.
Why have decentralised governance but restrict voting? In Dfinity’s words it has a ground breaking decentralised governance, implemented as liquid democracy. But, again, how can we participate in this liquid democracy if controlling seed neurons is close to impossible? Feels again, well, fake.
Where is blockchain transparency if there’s not even a blockchain explorer? Until 0.7.1. there was not even possible to get even a status reply from a broadcasted tx. Mind you, depends on what you, there are still challenges decoding some status replies. Am I supposed to send withdraw tx into the void? FFS, people are even today asking how to find out number of ICP in their neurons!! EDIT: found explorer here: https://dashboard.internetcomputer.org/
What does it say about attitude towards investors if we’re to find out 10 hours before launch that there’s 4 year vesting? You had years to communicate this and I wouldn’t be surprised if there’s a class action suit somewhere in the making.
Why such radical restriction on ICP circulation? Easier for market makers to manipulate the price?
What role does this forum have if Dfinity’s team are like ghosts? How to withdraw tokens is most commented topic on this forum and even today questions are popping up how to, ffs, even find out how many ICP our neurons are holding!!
Answers to these questions suggest that token price management and profits come first, backers last. This reeks of dinosaur corporate America style. This is not freedom and decentralisation, empty words for Dfinity.
Again, it is not just about ICP (which is turning into a frankenstein of ADA, EOS and XRP - good company!!). Such attitude indicates character and implies mindset towards other stakeholders, and the outlook is not positive. Innovative blockchain devs don’t work for corporate America (see JPM’s Quorum failure). Traders are not excited about token going only to zero, you can’t even short that. And users are where other users are. Right now, the only way for Dfinity to create its ecosystem is to buy it and this is what is being done. However, money can’t buy everything (remember Microsoft’s mobile efforts). Instead they should get the core and existing supporters excited. First neuron, I wanted to spend on Dfinity dapp development.
Honestly, if such downward spiral continues who has the incentive to support and stay on this project?
I don’t want to be part or supporting such project. I invested because I wanted to see a free and decentralised world computer. A big promise steadily turning into a disappointment.
Lastly, I don’t care about empty replies from Dfinity team here. Enable us to securely claim and control our ICP tokens without a CS degree. If you fail at that, then STFU about building an Internet computer because actions speak louder than words and you’re not even covering the basics.