Dear Stephen, Thank you for your time. I understand you have a number of things that must require your attention. I hope that this “question” will bring a few items that I believe require your sole attention.
I have had the honor of being apart of this community for over a year, and while the community I joined is one of the strongest communities I have experienced, there are things that are transpiring that I find to be distasteful. Not within the community, but to the community by those who (desire) to lead it.
I am unsure if you are aware of the NON-PAYMENT for the VDAO for Terms 1 and 4. There were no applicants for Term 5. These are payments for work done, not future work. With Validators being the lifeblood of a POS network, How do you reconcile these decisions? When will you remit payment to the validators?
Term 1 Owed: 387962.55 $ONE - Citing FORUM POST Term 1 VDAO
And to be clear that was when $ONE was worth .22 each. That would be 2,772,000 ONE with current values.
Term 4 Owed: 414284 $ONE ( According to Term 4 Treasurer) - I understand the process for their payment was interrupted by the hack, and multiple process changes. https://talk.harmony.one/t/term-4-charter-updates-voting-updates-may-31-2022/19415
Are you aware that VALIDATORS are not the only community members that are effected by NONPAYMENT?
Lets go thru the GRANT applicants that were approved for funding, and then they were not funded.
1- DefiKingdoms - Approved for $1 million, received 0. https://talk.harmony.one/t/defi-kingdoms-1mm-grant-application-to-partner-with-harmony-in-impact-initiatives/8022/15
2- Knights and Peasants -
This list goes on, and should other community members have more projects to mention here, please reply with them and their experience (PREFERABLY a FORUM LINK ROFL) and I will finalize an edit before tuesdays AMA.
Do you understand that Harmony having a history of non-payment to their business partners is a huge red flag for LEADERSHIP to be LACKING? How can future partners TRUST you will pay them for work they do? What is your process for improving as a leader? Why should we believe that it will improve your process?
Regarding the Hack:
How can anyone BELIEVE you will ACT in their best interest when you have not presented an ACTIONABLE plan in over 50 days? And what did you believe the first proposal would achieve aside from community outrage? How can you cultivate consensus when the first proposal was so far from acceptable to the community?
My hope is that these questions allow you to self-reflect, and understand that there is nothing wrong with recognizing you need help. Seeking Help isn’t weakness, its strength.
Be well.
Priest - Ryan.