To all B3 members…first and foremost thank you for your patience.
Here are some updates and answers that you have been asking for.
Community Pool Payouts
This is a huge job and we are plugging away on getting your funds to you. We have
processed close to 2000 of the 5300 entries. We are looking to implement a script that
will expedite this process for all of us. We will keep you updated with progress on this
as we move along. In the meantime, you can all rest assured that your funds are safe
and will be coming to you as soon as feasibly possible.
Network Health
We are seeing positive results in terms of our Network Health. Some of you are seeing
payments and others are not. This means it is possible that some part of the set up on
your local machine is preventing you from experiencing adequate results. Please
continue to ask for help in the help channels we have providing you access to and our
team of helpers will do their best to make sure you get on track.
Exchanges & Wallets
The exchange wallets are causing some problems with network stability. We are
working to fix this problem and get the exchanges going again. Unlike the past few
weeks we are going to do our best to make sure any fixes solve the problem once and
for all. This means we need to take a bit more time to make sure we have tested this in
our test environment properly and thoroughly. Your patience is appreciated on this
matter.
Website/Rebrand
With the current state of the coin it does not make sense to release our new identity
right now. We first need to tighten up the code and the exchanges. If we are patient and
wait for this to be done first, our re-brand will hopefully have a much greater impact and
therefore benefit the B3 community in a far larger way.
Number 1 Wallet
Although this is a concern it is not our top priority at this time. Once we are stabilized we
will re-approach this issue if it becomes necessary to do so.
Supply
As you know Fundamental Nodes were implemented to help burn supply. FNs however
were only the first implementation of supply reduction. We are currently working on
further tactics that will help in this regard. As you know we have opened the doors to
you to provide us with suggestions on coin burn tactics so please keep your input
coming.
Team Structure
We are finalizing our new team structure this in the coming days and will hopefully have
this published out to you all very soon. As you know, lots has happened over the past
weeks and we are re-organizing based on these changes. We are always looking for
super strong team members that can fill a wide variety of roles so please let us know if
you are interested.
Fundamental Node Payout Bug
We have received the research done by the community team. We have also done our
own due diligence. This is an unfortunate situation but these are the realities. The
testing team had a total of 3 fundamental nodes. 2 were run by the developers and one
was run by Sky. The developers on their own accord began to burn large sums of coins
almost immediately. They did not foresee the node bug and in hindsight holding onto
those coins might have been a better approach. However, these coins have been
burned and we are following up to see how many might be left to burn further. The third
node is operated by Sky. As you all know Sky has put out plans to utilize these coins for
the public good. He has given away multiple FNs to the community and will continue to
do so.
If you were told that there would be multiple options for reimbursement and that the
team had upwards of 30-40 of the first nodes you will have to take that up with the
people that incorrectly informed you of these non-facts. We have continuously asked
the community advisory to reinforce to you that this is simply not the case.
Buzzcoin
Lets put this to rest immediately. There is zero cross-over for B3 to Buzzcoin. The only
connection to each other are bees and this is only because we released our devs
meaning behind the B3 name. Some of our team members have been investors in
Buzzcoin in the past. At one point late summer, one of our team members set up the
discord and shortly after handed it over to the official Buzzcoin team. That is where the
connection between the two coins begins and ends. End of story. Our teams are
different, our devs are different, our future plans are different and our technology is
different.
Overall
Again we want to thank you for being part of the B3 community. We want you to know
that we are working hard everyday to make this coin a huge success. Community
members may come and go but if you believe in this coin you can rest assured that we
are going to follow through on our promises. Patience is the name of the game in
crypto. Once we get our new structure and team members settled in place we will provide you with more regularly scheduled communications and updates.
Unfortunately something must be addressed. This is a community we’re everyone has
a voice. Unfortunately some community members have taken it upon themselves to
cross a line that impedes on the private lives of team members and community
members. Know this right here and now this behaviour will not be tolerated. If you are
the culprit of such offences we will do everything possible to reveal your identity and
make sure the proper authorities are notified. Understand that we have some very very
bright security professionals among us that have offered their services to the coin. They
have been given the green light to do whatever is necessary to protect our members
and they will do exactly that. The incitement will end immediately. Our team is in tact
and as strong as ever.
With that being said, we sincerely want to thank you for your interest in B3 and we thank
you for your patience. Keep participating and keep B3lieving