Ricardo Prado

Neo blockchain contributor from 2018 to 2024. I know more about this chain than anyone (and I don't mean only the tech). Advice: DO NOT buy $NEO or $GAS.

[CitizenStar by Xatoxi @Xatoxi_]

@ricklock99 @_Tyrano_ @forevergalxy @dahongfei @Neo_Blockchain @DyorchainX Ricardo, share it if you can.
https://t.co/3FO5aNdgGt

[Ricardo Prado @ricklock99]

@NEOFORCEONE @ngd_neo I have to agree that, after reading their article, there are many things in Flamingo that resemble a scam.

[Ricardo Prado @ricklock99]

I was told that "they" disabled liquidations on the Flamingo. How could they do that if that's exactly what makes the protocol work?
Was it all a scam? FLM was developed and maintained by @ngd_neo.
How was this allowed? What if users try to withdraw their FUSD?

[Ricardo Prado @ricklock99]

@ngd_neo It's worth questioning whether insiders didn't abuse this for their own benefit.

[Ricardo Prado @ricklock99]

@_Tyrano_ @forevergalxy @dahongfei @Neo_Blockchain @DyorchainX @Xatoxi_ DHF probably gets a salary from Neo, so even if he gifted her all these things, it’s not possible to say that the funds were “misappropriated”. She is indeed beautiful and I’m sure men would do crazy things for a girl like her.

[Ricardo Prado @ricklock99]

@neopodorg @Xatoxi_ @dahongfei @lllwvlvwlll This guy is the mains reason your Neo is worth 2 USD. All good members from COZ left, leaving only him. He sabotaged this ecosystem more than you can possibly imagine.

[Ricardo Prado @ricklock99]

@kfXGGjovH2HKn4u EVM compatibility is a good idea, especially with their proposed solution to the MEV issue. This appears to be another case of poor execution. Now they lost timing completely.

[Ricardo Prado @ricklock99]

Neo X has been frozen at 318 transactions and 2 new addresses for a long time. In practice, the network is dead. Nobody uses it.
Expecting any project to deploy there is just... delusion.
Neo X is not going to happen. It's an expensive failure.
Time to shut it down.

[Ricardo Prado @ricklock99]

@kfXGGjovH2HKn4u I'm starting to think that he is fully aware of the current situation and is doing these things on purpose.

[Ricardo Prado @ricklock99]

COZ has received millions directly and indirectly from the Neo Foundation with zero supervision and sits, alongside AxLabs, among the largest drains of network resources, an arrangement sustained for years through their influence inside NGD.

A founder who continues backing a group that absorbs millions and delivers no results is directly responsible for where Neo is today.

There’s nothing that could justify this support besides collusion to continue with the current status quo, where communities receive funds to spend without any accountability or consequences for their actions.

Unfortunately, if @dahongfei can’t see the obvious , then he is not fit to remain in Neo’s leadership, or even to nominate anyone to any council.

[Da Hongfei @dahongfei]

.@coz_official is describing the same transition the restructuring proposal is built to deliver: founder exclusion from governance, real tokenholder power through staked voting, broader distribution of stake through Giveback II, and an independent Supervisor with legal authority.

Restructuring proposal was designed so that community governance actually means something concrete, not just the word.

https://t.co/G3QSJtgrbc

[Ricardo Prado @ricklock99]

@dahongfei @coz_official You should give them more millions so they can keep working on plastic statues.

[Ricardo Prado @ricklock99]

@erikzhang @Flamingoknows @dahongfei @FranciscoMemor Ping @FranciscoMemor

[Ricardo Prado @ricklock99]

@getschrutebucks It should be, right? Why the smart contracts allowed that is something that I can't understand.

[Ricardo Prado @ricklock99]

"The current structure is roughly 813,000 FUSD backed by around 138,000 USD in FLM, 80,000 USD in NEO, and 180,000 USD in GAS"
Even if you assume the full FLM position could be offloaded at face value, that's still ~50% undercollateralized.

[Ricardo Prado @ricklock99]

@dahongfei @edgedlt But why two different core devs would say 5 months? Something is off…?

[Ricardo Prado @ricklock99]

@dahongfei @edgedlt Did NGD didn’t pay salaries for 5 months too? Or did this happen with core devs only? COZ used to do the same. Pay a few salaries of “the leadership” and skipping others.

[Ricardo Prado @ricklock99]

@dahongfei @edgedlt The problem is that you can’t just claim that there were never delays, because that’s just not true. It can create trust issues if what you say “isn’t exactly what’s written”. And even less say that it wasn’t 5 months, because it was. Maybe it was Erik’s fault, but for 5 months?