ICON Project P-REPs and Censorship

Can the ICX ICON Project be turned around?

ICON Project

Do we think a failing blockchain like the ICON project can be turned around?

Yes, it’s never too late to change course and steer away from the rocks.

Would we recommend software developers use the ICON blockchain?

No, at this present time we would advise them to use the Ethereum Classic (ETC) network.

How long have we been critical of the ICON Foundation?

Our supporters know that we raised issues more than 18 months ago but they were never addressed by the Foundation or Min Kim.

Why did we stand down from the P-REP testnet?

It became quite clear that the only way to make it into the top 22 was to hide the truth from the ICON community and we were not prepared to do this.

P-REP Candidates

Why do we support IConnect Global of Africa as a P-REP?

IConnect has been reluctant to join in the P-REP cartel practises (see censorship below) and this indicates they are a truly an independent team. It would be an injustice for an entire content to be excluded from the ICON network. Africa has a large proportion of the world’s un-banked and Satoshi’s vision for blockchain technology was for it to be available for all.

Do we think known rogue P-REP candidates are interested in the ICON community?

Candidates like ICX Australia and UBIK Capital thought it was appropriate to “buy votes” and their sudden change of heart doesn’t make them worthy of your ICX vote.

Why have we been so critical of Rhizome?

A leopard doesn’t changes it’s spots and in our opinion anyone that votes for this candidate is just hoping to offload their ICX to new investors that haven’t seen the uncensored data we hold. With ICON trying to arrange a listing for ICX on US cryptocurrency Exchanges it’s vital that shilling is stamped out.

Is this website or the BLOC8 team associated with IConnect?

Absolutely not and the IConnect team became a P-REP candidate in March 2019. Details of their team and proposal are available on the ICON website. Outside of Africa it’s quite easy for candidates that were involved in the ICO to buy a position in the top 22 i.e. less than $160,000 required when the ICO bonus is taken into account.

Censorship

Do we think P-REP candidates should also be social media moderators for the ICON network?

There is a clear conflict of interest and when a team becomes a P-REP candidate they should give up their right to moderate on social media platforms like Reddit, Twitter and Telegram.

How can the ICON community be better represented on social media platforms?

The ICON Project needs to prevent anonymous individuals from moderating social media posts. Technology exists to validate a moderators ID without exposing it to the wider internet community.

Why is censorship resistance important?

It ensures existing and potential investors of blockchain tokens are able to establish fact from fiction.

What are we doing to ensure data is not censored?

We use Steemit and ironically the ICON blockchain to ensure the data that we painstakingly collate is available for all to see. We also own several Unstoppable Domains like cryptonewsarticles (.zil and .crypto), ICONProject.zil and ICONProject.crypto. We will be publishing our data about the ICON Project via IPFS in due course like these words of “wisdom” from CEO wannabe Min Kim .

12 Ways to spot a failing ico

failing ICO projects identified by crypto news article writers

Those of you that follow us on Twitter or Telegram may already know how to spot a failing ICO but we were asked to add the details here and in the general Cryptocurrency sub Reddit. It’s widely accepted that most altcoins will ultimately fail. Some ICOs were outright scams, others were simply ill-conceived and others are years away from providing a return for their investors. Let’s get started with the 12 ways to spot a failing ICO:

  1. Lack of direct contact between Founders and community
  2. Reluctance to discuss the project in social media channels that they don’t have full control over i.e. constantly shot down in general Crypto sub-Reddit threads.
  3. Banning critical thinking from their social media channels i.e. removing posts and banning users if they are not 100% positive towards the project
  4. Arranging for individuals to be blocked from posting in ANY public Telegram groups
  5. Arranging for individuals to be shadow blocked on Twitter
  6. Supporting known bad actors in the ecosystem like Rhizome to promote the project
  7. Token moon boys and P-Rep stooges try to discredit articles and videos of known influencers
  8. Failure to build anything meaningful since ICO launch
  9. Producing fake news to promote the project
  10. Founders with a lack of integrity
  11. Making the mistake of thinking everyone is in crypto for the money
  12. Disrespecting the community that pays their salary every month

Have you spotted the ICO you invested in from the red flags above? Should you continue to hold altcoins like ICX, XRP and TRX? If 99% of altcoins are destined to fail then it’s unlikely you have picked a winner and it’s probably time to look at another blockchain project.

ICX whale Dr Ben Lee dreaming of 10,000 transactions per second on ICON blockchain
Dr Ben Lee Tweet 6 September 2019

A few weeks earlier ICX whale Dr Ben Lee was asked by Michael Gu of BoxMining what level of transactions he hoped to achieve in the next 5 years. His answer “we are aiming for something like 500 TPS but it’s really hard to get“.

ICON blockchain project struggling?

Please add your comments about the ICO you invested in or the altcoin you bought that you think might be failing. If the Founders of the associated tokens read your comments they will have the opportunity to prove without any doubt that they are not a failing ICO.

P-Rep candidates NOT TO STAKE YOUR ICX WITH

Brian Li of Rhizome accused shiller of ICX and BitConnect

P-REP candidates have been canvassing ICONists to stake their ICX with effect from 26 August 2019. We have spent hundreds of hours over the last few months reviewing P-REP candidates. As per our earlier articles the blockchain ecosystem is riddled with bad actors and this article will highlight the P-REPs you need to avoid. As per the needlessly complex IISS 2.0 published by the ICON Foundation you risk losing 6% of your ICX if you stake with a rogue P-REP.

We have been pushing the ICON Foundation to produce documentation that the average ICONist can understand. We believe they are reluctant as it will highlight the inflationary effect of IISS 2.0 based on the current levels of transactions on their blockchain. Millions of transactions will be required everyday to counter the inflation caused by paying rewards to ICONists and P-REPs. At present the ICON blockchain shows just 7,000 to 39,000 transactions per day.

P-REPs have been accused of a whole host of unsavoury antics including:

  • Doxing (doxxing) innocent families – see victims Tweet
  • Shilling ICX to over $13 and promoting BitConnect (see Comments section)
  • Trying to bribe ICONists by handing over P-REP rewards
  • Producing fake or misleading articles about ICON
  • Publishing blockchain verified lies about an ICX TX Challenge contractor
  • Banning ICONists from social media groups without justification
  • Lacking integrity and showing no respect towards ICON community members
  • Creating cartels of P-REPs to control the network

Please note the accusations have come from various sources including fellow P-REPs and the ICON Foundation. Some P-REPs have made our list purely by demonstrating over and over again that they don’t have the required knowledge to take on the task as a block producer. Let’s look at a particular example of some of the data we hold. Telegram user Sigmoid Freud posted this fairly innocuous comment in the main ICON group a few days ago.

P-REP Brian Li of Rhizome accused of shilling ICX and BitConnect

Within minutes the post was removed by moderators standing as P-Rep candidates. Sigmoid was of course referring to a well known article on Steemit that was heavily edited when the community rumbled what Brian Li of RHIZOME was up to. This is an archived screenshot of the original article with a reference to an insider that Brian Li was working with to shill ICX. This helped pump ICX to over $13 and that is why there are so many disgruntled token holders today.

Brian Li buy ICX before January

Screenshot of article revised by Brian Li and as recorded on Steemit today. Significant differences and the unacceptable shilling has changed to marketing. Ask yourself are these really the kind of people we want controlling the ICON network? The before and after screenshots are recorded on the ICON blockchain as a permanent record of how some unfortunate investors were duped into buying ICX at grossly inflated prices.

Here is the list of P-REP candidates that do not deserve your vote based on our painstaking research. If you would like copies of the data that we hold or feel your team was unfairly included in this list please use our Contact form or add your comment below this post. Remember this is a dynamic list and P-REPs will be added and removed as they change their policies. In addition further disclosures are included in the comments section below this article. Readers should familiarise themselves with our earlier articles about ICON which we posted in the months prior to producing this list. Please be sure to review the list on a regular basis and stake you ICX accordingly. We recommend ICONists join Telegram groups that are not heavily moderated by P-Rep candidates such as this one. Also subscribe for updates to this article by clicking the bell “icon” that appears in most browsers as you read through the article.

  1. ICON Foundation
  2. RHIZOME (only Rhizome team should vote for this P-Rep)
  3. ICX Australia
  4. ICX_Station
  5. ICONation
  6. Ubik Capital
  7. Everstake
  8. DSNC
  9. Certus One (possibly stood down as a P-REP)
  10. Sharpn
  11. PICONbello
  12. VELIC
  13. Signal9

We do NOT invest in ICX and we have not received any payment for publishing this article. If you are looking for details of the BLOC8 DApp they can be found here. Unlike most of the DApps currently on the ICON blockchain BLOC8 can be used from smartphones and desktop PCs. Whichever teams you select for ICX staking we advise covering a large number as it keeps the teams on their toes and reduces your potential losses from token burn penalties. If rogue actors are selected as block producing P-REPs for the ICON blockchain it could have untold consequences for ICONists and the price of ICX. If you are reading this post via the homepage rather than the direct URL click Comments for feedback and latest updates.

We are now in a position to recommend IConnect Global (Twitter Telegram value for money team) as one of our preferred P-REPs for the ICON blockchain. As soon as you are able, cancel any votes you have placed with Rhizome and move them to IConnect but remember not to stake all your ICX with a single P-REP for fear of the 6% ICX burn penalty. Here are a few of our tweets about IConnect and recommend you FOLLOW BLOC8 on Twitter for independent news of the ICON blockchain. https://twitter.com/BLOC810/status/1166752403133292545 https://twitter.com/BLOC810/status/1166692630345986048