To claim to have no knowledge of the deceptive practices going on with these pools is difficult to believe. Much of the deceptions are in the TICKERS! And someone intelligent enough to build this pool service business is certainly intelligent enough to see the deceptions happing in your ecosystem.
I have noticed that IOG/IOHK delegated to quite a few pools with questionable/deceptive practices and skipped over hard working and well run pools. CHEFF was booted from SundaeSwap voting for trying to trick ppl into voting for them with a wallet scam on Reddit, but has kept the IOHK delegation. Now I find out that they picked a Pool Farm pool from Vietnam named BIDEN that is sharing relays with dozens of other pools⌠over mine? All this effort⌠and now I feel like a failure.
I have no relationship with FIMI pool and the pools are operated by FIMI. But I am a member of Fimi community, a trainee of itâs training courses. That is the greatest community in Vietnam that focus on Financial, Investing and Blockchain. It changed my mind and driven me to be a righteous person.
I used FIMIâs pool operation service for the first 6 months when I started and built the community for my pool, TIGER. Now, when I have become an operator, I am operating my own pool and other pool owners: SANDA, CAMAP, CAHEO, SWAN, BOLAC⌠All of them are using 2 relays only.
What do you think of this?
This also have the similarities of the above mentioned scam.
this need to be stopped somehow, taking advantage of the decentralization or upregulation may take us back to centralization. Years of hard work in the industry.
This gets more embarrassing by the hour . thank you for all the work exposing this guys. Iâm wondering why I do work âmy ass offâ with a tiny, honestly run pool, try to apply for IOG delegations and these faceless pools, indicating to be a charity, actually receive themâŚ
Has anyone collated the full set of DNS names and IP addresses for all of these âkeys onlyâ pools sitting behind shared relays? These are not pools I want to support in my topology config.
I think we need to take a step back to analyze the situation and then take appropriate steps forward to resolve and improve the situation.
Technically, there is nothing wrong on how Fimi is providing the services. The pools have made the assigned blocks consistently. If they did not, Cardano consensus would penalize them (by not assigning more blocks) and delegators and owners would migrate to other better platforms or services.
We should not generalize. Many scams appeared on Youtube and Facebook, and we should not call every other Youtuber scammer. In this case, someone used Fimi to provide a scam; it does not mean others who used Fimi are scammers. Same with relays; a scam linked to certain relays doesnât necessarily mean other pools linked the relays associated with scams.
We all make mistakes and we learn and improve from our mistakes. Fimi learned the lessons and we expect improvements (which some have been made). If not, its business would be penalized for sure.
my friend Chow_Qwing ,
in ancient greek, when someone did something eligal, the city kicked out the person from the city - they never published anything about him(so that people dont be influenced about him / her bad act) and they never mentioned his / her name again in the future, so that they clean their city.
i am not telling all of those pool operator to disappear,
butâŚ
the problem is your with the rest of your community in your country. somehow now or in the past , with one or another way, you are connected all of you.
instead of giving us excuses, you have to talk with the rest of the people, who cheat scam and they gave really negative value to Cardano Ecosystem.
how you will find your way â to be new or with the current pool Ticker, this is your decision.
if you are legal and you dont worry and afraid about anything and if you have your own community and people who support your pool, then you dont have to worry and be afraid.
also , the time you text for youtuber , blocks or many other things in you last message, i think you loose the point here what is happening here.
now, for the rest of the pools / operators / owners,
for FIMI,
instead of be polite for communication reasons, and to try to protect as much as more people you want,
it would be really professional to provide us specific answers and Infos,
which pools are the illegal, the scam then whatever you Own or you operate.
FIKA is operated by https://twitter.com/BullishDumpling, who single-handedly builds a Chinese community and bridges cross-cultural communication for Cardano.
GINGR is operated by https://twitter.com/eva__ginger, who conducts her research at Oxford University while supporting Cardano.
Two different ladies running 2 totally different pools.
With all due respect, it is extremely difficult as it is to run single pools, we kindly ask you to do your research before spreading misinformation about two female SPOs who have been contributing greatly to the ecosystem.
I may be naive but as a non-SPO, I donât understand the SCAM. Does giving your pool a clickbait name constitute a SCAM? Are these âSCAM poolsâ not providing rewards? What is the SCAM and who is being hurt? Please help me understand from a delegatorâs point of view.
that project has many pools for succeeding the project (XYZ01, XYZ02, XYZ03).
it comes a person and he creates a pool with name XYZ04, but this person / pool has nothing with this project. he uses this name just to manipulate the delegators to receive more and more Stake.
additionally, imagine this project XYZ has 100% margin for all pools, which means delegators will not receive any rewards, but maybe as the project was ⌠they will provide something else, maybe another Token.
in this case, the scammer using this margin to 100%, will receive all the rewards and the delegators will never see any rewards, will never see any token.
is that clear?
additionally to this,
it needs this case some investigation, if people create many pools (which is difficult to proof it), and they manipulate IOG delegation, as it was the last round with nomination of the operators.
and now comes one question from my side to IOF, what if one operator (as service) operates X (many) pools, and means for my understanding he / she will nominate to one of his pools.
thank you for âlisteningâ
Lets make Cardano huge.
we can achieve this all together.
Have asked myself quite the same, since this thread started.
If MELD4 has nothing to do with MELD0 to MELD3, MELD5 to MELD9, MELDX, and MELDY, that is definitely scammy.
BIDEN? Not so much. No sane person would think that this is run by the Biden Administration, much like nobody would assume that TREK is run by Paramount. Fan pools seem okay to me.
(Although I do not see the point of staking with someone who likes the same TV shows as me. Itâs just staking. Might even make more sense to stake with someone who likes the same politicians. Yet, I surely cannot verify if she really likes them or just pretends.)
If they do 100% variable fee and do not give any rewards, thatâs definitely scammy. Do they all do that?
Being operated at the same site (more or less, as it looks) is a big question mark for me. It hinders decentralisation, obviously, but separation of owner and operator is even in the protocol.
If from now on, it is frowned upon to sell pool operation as a service to other people that do the marketing etc., this should be made clear somewhere. Seems reasonable to me, but not as something that the people renting pool operation there should have known from the start.
What gets me is this âBIDEN President Poolâ, with no social media, not even a website, that doesnât do anything, has no specified mission, empty, not even communication to say the pool is unofficial or not (essential), gets IOG delegation then cranks margin from 2% to 4.99%, just below the delegation disqualification threshold.
Mirroring Bidenâs sticky fingers, niceâŚ
At least they canât spin up ADA printers and send inflation to the moon.
. thank you for all the work exposing this guys. Iâm wondering why I do work âmy ass offâ with a tiny, honestly run pool, try to apply for IOG delegations and these faceless pools, indicating to be a charity, actually receive themâŚ
and if you have your own community and people who support your pool, then you dont have to worry and be afraid.