Apology from OPENENET | Chaos in Live Stream Sparks Concerns
OPENENET is facing mounting criticism after a disorganized live stream meant to showcase their initiative linking Monero to satellite tech. Connectivity issues and time zone errors overshadowed the event, prompting the organization to apologize to the Monero community and raising questions about the project's legitimacy.
Live Stream Breakdown: Issues Unveiled
According to OPENENET, technical problems, described as a router that was "sucking up all signals," led to substantial lag and inaccurate translations throughout the presentation. The live stream intended to detail the "Monero in space" demonstration, but instead resulted in frustration for attendees left waiting for clarity on the project.
Community Reaction
The Monero community has voiced significant disappointment, with discussions highlighting major concerns:
Funding Clarity: One commenter questioned the necessity of $7,000 XMR, noting it equates to only 1% of their initial asking amount. Users are demanding transparency on finances, emphasizing, "Trust is built through daily actions, not just big ideas."
Project Feasibility: A user suggested that starting with smaller, less risky ventures might be wise. They referenced past successful projects like TxTenna, which demonstrated transactions offline without needing massive funding or satellites.
Scalability Issues: Critics argue that relying on several contingencies risks project scalability. Users propose focusing on proven technologies first, such as HAM radio, before venturing into satellite communications.
"Just imagine the attention and publicity that Monero would get if we could launch successfully our own satellite," one user remarked, reflecting a mix of enthusiasm and concern over the project's ambitious scope.
Update on Project Goals
In light of the feedback, OPENENET has modified their funding goals and priorities:
The project funding has been cut from 7,000 XMR to 560 XMR due to external investment contributions.
Plans to document updates by May 2025 remain, with details like a Satellite Hardware Design Outline and identifying core team members promised.
To combat skepticism, the group has committed to weekly updates on their progress and a clearer public breakdown of the project’s financials.
Moving Forward: OPENENET's New Approach
Following the backlash, OPENENET is eager to restore community trust:
The team plans to recruit verified professionals from aerospace fields by Q2 2025.
They aim to provide technical transparency, including a weekly progress report and vital project specifications by May 2025.
A Commitment to Improvement
Jackie from the OPENENET team addressed the community's concerns, acknowledging their errors, stating, "We’re just kids, space geeks, and blockchain devs We’re here to build Monero’s 'sky layer.'"
Despite the skepticism, the project continues to evolve. It remains to be seen if OPENENET can meet its ambitious goals and the community's expectations for accountability.