Looking forward to a descent roadmap, and more frequent updates. I hope this will finally be implemented, and regularly updated
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A paid sabatical is something you get after 10-20 years of service to your company. A paid six month sabatical for one year of presidency is not earned at all and is an utter insult to stakeholders like me. What exactly did the Foundation achieve other than delegate all their responsibilities to everyone else? What a joke.
I am incredibly disappointed, the Foundation was a terrible idea from the beginning and has been nothing but a waste of money since its inception. All it has resulted in is corruption, embezzlement, nepotism and pork barreling, just like a government.
From encouraging and voting in Mark Price who performed what can only be described as an exit scam with Cache (pulling the same stunt two days into his Foundation term) to silently bringing onboard useless members because they are friends, family or spouses. For example, Brian Tinsman who only has had video game economic experience and has apparently been paid the entire year for his grand suggestion of “lets divide the supply by ten”.
I gave these warnings multiple times but no one listened and were too busy voting in exit scammers and a Youtube personality. The Foundation is capitalism at its finest and everyone there has profited for doing not much of anything, bringing their friends on board to share in the limited funds of the project.
I used to support many people behind NEM and its teams, but honestly it has left such a bad taste in my mouth and the damage is done. It is a shame that no one can see the obvious moves and signs, but I guess being in that environment has attuned my perception to it.
I was here before most others and before the Foundation and I was here when NEM at its core died. I weep for NEM and what it used to stand for. Equality.
Signing off for the last time
Trepid
10 Likes
In relation to the statements/questions on sabbatical. This is a subject that has been discussed with the management team and member of the core team prior to taking this path, it is not something that is done lightly. The effort and time that has been put in personally since taking office have been extreme to say the least. While the community may not see the time involved and personal life sacrifices involved with that work rhythm, many of us have first hand.
There is no insult intended to anyone by this decision, it is recognition of that effort. Alex has been fully supportive of the new approach and contributed to its direction. It is not an easy decision to step back and take the time off and I would ask people to remain respectful please.
The announced direction has come from all entities and the core team, in the best interest of Nem. Some elements may or may not be how others would do it, but as long as the basic direction is something you see as positive, I would ask everyone please to focus on that.
9 Likes
(post withdrawn by author)
I realise why it could appear that way, but this is inaccurate, the plans were made and put in motion long before it was ever discussed, they have been being worked through for some time and this decision is relatively recent.
Here is a separate post explaining how the AMA sessions tomorrow will work, this is likely to be very similar for future ones as well: NEM Community AMA - 09 April 2020
Any problems, questions, comments with it, please add on that thread.
Thanks
Another damage made by NEM Foundation 2.0
They banned everybody who were not praying for Alex.
Alex and this new foundation promised Transparancy and roadmap ?
- Zero transparency at all (No news in 2020 lol)
- Hiring friends or familly such as Alex’s husband and giving HUGE unknown salaries to some useless people (but we just have to watch on NEM Explorer to get the idea about how huge the wages are)
- Useless roadmap, delayed everymonth
But they did even worse, they broke all the community by choosing a side (The easiest side)
While they should just be neutral and answering the one who support them OFC but also the ones who ask legit questions, they were calling the unsatisfied “clowns” or “troll” publicly (Then ban them).
Exemple with trepid, a stakeholders who has been called “a troll” by some foundation members and finally got a ban despite he was here long before resulting in Trepid lost hope in NEM
Nice community you made.
I’m very happy with this Jaguar Post and count on him to save NEM.
5 Likes
The lack of consistency and leadership continuity is killing NEM.
LTC, ETH, EOS, ADA, BCash even damn TRON have the following attributes we should adopt:
▲ know who is the Visionary behind the project
▲ what the development plan is for the next 2-5 years
▲ communicate updates frequently about what has been accomplished and what is next on the docket, even if it is just to delay it another 3-6 months you at least know what they are doing and that they are discovering the challenges in fulfilling the plan.
▲ Real WORLD USE (other than nemgraph in the 3 years I’ve been here I haven’s seen real world use)
▲ Substantial development announcements or partnerships that validate use-case
Who is our: Vitalik, or Charlie Lee or Charles Hoskinson , Dan Larimer, or Justine Sun? Who is the one constant we can trust? Jaguar? Who is the visionary the community can get behind? Who is our Steve Jobs, Elon Musk, and when I say this I don’t expect us to have a genius leader that does everything, but a visionary that can motivate the community to work towards a great goal. Steve Jobs did very little but he set high goals and pushed for results.
IMO, Jeff McDonald has been a consistent member of the leadership and I would like to see him step up a bit more in communicating with the community.
7 Likes
I’m happy there’s a point on engaging the community. My suggestion: embrace the open source approach, be transparent and develop in the open. Open source doesn’t work when you develop behind the curtain and drop the result at once. Even Microsoft got this. For example, it develops .Net in the open, at https://github.com/dotnet . This doesn’t mean there’s no private discussion possible, or that no one from Microsoft is in charge. They still have internal meetings, they still take final decisions. But everyone can see what happens, try to contribute, or build on what’s still in development, give early feedback. That might also open new opportunities: new code contributors, new users, new documentation contributors,… It doesn’t come for free though: it require an investment (in time and effort) from the developers.
So let everyone feel they are part of the journey to Symbol’s success. Don’t work behind closed doors, that only raises questions and suspicion. The best example of that is Symbol’s mobile client. What is the value of developing this privately and drop everything at the end? Why shouldn’t translators be able to contribute from the beginning?
I don’t think Free and Open Source Software is the core team’s usual environment (otherwise Symbol’s code would have been developed in the open from the start I suppose), but I hope even the core team is ready to evaluate to change their way if it is for the better of Symbol. That’s what we are all striving for in the end…
And even if going the open source way is not the way chosen by the team, some interesting ideas to build the community might be taken from this RedHat book: The Open Source Way.
7 Likes
What the hell? It’s incredibly dishonest to point to my work as corruption or nepotism. I’ve been contributing to NEM in both volunteer and paid capacity for over four years, long before Alexandra joined. I have a U Wash. MBA with econ focus and several years of crypto systems and econ experience, with over a dozen paid consulting projects outside NEM. And my pay from NEM was far below market rates because I am a believer and investor in the project. I put a ton of time into NEM projects that I never got paid for. I’m sure you didn’t intend to damage my reputation, but come on man, why would you call my work useless? And Alexandra has never been corrupt. She has a Linkedin with 20 years of tech industry colleagues recommending her genuine integrity. When I see misinformation like this I need to correct it.
Brian Tinsman
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I am Alex’s husband and I was working for NEM a long time before she started working there. I have put in countless unpaid hours and late nights for the good of the project. Please don’t spread such misinformation.
Brian Tinsman
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A 6 month “paid” holiday is not on. Alex can take what ever holiday term she wants, but being paid for more than 2-4 weeks is a joke and its totally unheard of in the business world!
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Slowly it reminds Groundhog Day.
After Lon left with some drama, I was hoping for better times with the new Foundation.
But unfortunately it continued to be like before:
- “soon”
- “NDA”.
…followed by delays an barely outputs for that time.
Now again some new personas who want “to change things for good”.
The only authentic leadership I have seen over the last years was from Jaguar, despite his rare appearance here, which is totally understandable.
Wish Jaguar would get more into an ‘official’ leadership role in NEM-sphere.
4 Likes
Lon’s drama appeared during the last elections, Alex drove the drama against Lon (As well as previous concil) to win the elections.
There was not lot of drama before this.
NF 2.0 is made of dramas and will end with dramas unfortunatly.
Hope it will change… The most important IMO is having qualified people. We are in 2020 with a lot of competitions and now, you need employees with big background and/or education to beat them.
Time of Crypto companies raising millions of dollars with bunch of friends is over, it is a serious business.
3 Likes
Those are all good points.
For most of 2019-20, I was focused on tech and I think when Symbol launches, we will have a basic but nice set of tools for the community that we all will be happy to use.
Now that Nate and Greg have taken over as CTO and head developer of the Foundation, I’m in a much better position to move out of working on tech everyday and move into more community engagement and public facing events, so I’m really looking forward to that under my new role at NEM Group so you might just get your wish. 
There are also a lot of talented people at NEM Group that I’m sure we will see more of starting now even though they have been working behind the scenes for a while. And of course, it is nice to see Jaguar making a lot of effort to interact with the community. He continues to impress me through the years.
12 Likes
So let me get this straight. The new Nem foundation got the funds, achieved nothing for over a year and now the president gets a 6 month paid vacation?
This coin has been the worse performing coin in my portfolio and and its sad to see what is happening to this once mighty project.
I don’t see the new structure making much of a difference, but anything is better than the current.
6 Likes
I don’t generally post on the forums but I do follow them. I have made this account to follow this specific topic and chime in when appropriate. You’ve written quite a nice narrative there, I’m not sure what the U Wash has to do anything. I own a Mr Minit down here in Kiwiland. You have written a lot of generalist and sweeping statements about yourself, but would you care to elaborate on specifics you have achieved to help NEM beyond your proposal in regards to the migration supply? Not that I don’t believe you, but your counterpoints do not actually address the issue you have with that posters statement.
Also, unfortunately I do agree with others that a six month paid sabatical for a year of work, no matter how hard that work was, is completely unheard of. In New Zealand you get three months of long service leave for every seven years you are with a company, and I like to believe our worker rights and treatment is amongst the best in the world.
5 Likes
First NEM Community AMA is starting right now
1 Like
Firstly,
When Lon stepped down from President he warned that decentralised decission making was a road block to progress.
Why was this structural reform not the first priority of the new Council in 2018/19 after the elections?
Secondly,
Alexandra promised three things during the election
- A roadmap to the Catapult launch
- Transparency of the NF
- A decrease in the burn/expenditure of funds with ROI
What has been delivered is failed roadmaps, salaries excluded from expenditure reports and 61% burn of funds on “Personnel Expenses”
This is not transparency
If 92% of $4,133,654 was on “people expenses” -HOW LARGE are the Council Member’s salaries and severance packages???
Without a full transparent audit of expenditures how can ROI ever be quantifiably justified?
Failure to deliver this audit also begs the question of whether or not this Foundation is a salary rort scheme and whether this can be proven or disproven determines the legitamcy of the Foundation and it’s President.
6 Likes
Alex was, since the beggining, full of greed and power and everybody has been duped since she is a girl and smiled (And she is good at sending good words about how community is great etc… etc…)
Even before, NEM USA was the biggest expense despite she was the only employee (lol ?).
And then as president, she was giving herself a HUGE wage that can be compared to the wages of a CEO of a very big company in USA (Who has lot of more background and education than she has)
And now, I guess she managed to get paid by using the law and something like “ok, you fire me but I get all my money until the end of my contract” so they did.
If jaguar mentionned “paid” in his statement, it’s not for nothing I think. He knows that is is ridiculous.
3 Likes