@tor posted in Secret Foundation Update and Disclosure This is not an uncommon practice, and it was a recommended policy internally. It would have been possible to first distribute the tokens personally, then split the OTC deal into two transactions. However, this was not the policy that had been recommended, and the OTC counterparty wished to proceed in a single transaction.

@orageux101 posted in Secret Foundation Update and Disclosure Why was your vested but not claimed SCRT realised as a dividend is my only question? Other employees with tokens that realise will not receive it as a dividend so why was this treated differently?

@tor posted in Secret Foundation Update and Disclosure Finally back from international travel, so I can begin responding a bit more proactively on the Forum. Here responding to Ranger: The market price at the time of this sale was ~10% above the agreed upon OTC price. That is to say, this OTC price was agreed to at a discount to the market. The lockup was agreed to be six months (i.e. the tokens could not be re-sold). If the tokens were sold openly o...

@Jiricepelka (Jiří Čepelka) posted in Secret Foundation Update and Disclosure Exactly, personally I think it would be best to transfer the resources to a community pool that is managed directly by the SCRT trackers, in the long run we need to avoid any trust and convert all mechanisms to some degree of onchain so that the community can decide 🙂

@Robert_SecretNFT.com (Robert) posted in Secret Foundation Update and Disclosure @tor unfortunately there has been a loss in confidence about the stewardship of community funds. The Secret Foundation funds were acquired by taking a percentage from active stakers and given those funds to the Secret Foundation. The intended use of the funds was for community development and to be used with complete transparency. However, many questions are still left unanswered and until the que...

It's part 2 of the Developers Corner from #SCRTSummit! In this video, @scrt_labs VP of Engineering @Cashmaney3 dives into Developing Secret Contracts. Check it out, and if you want more info on becoming a Secret dev, visit

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@Robert_SecretNFT.com (Robert) posted in An update and disclosure concerning Secret Foundation's Financial Transparency Trust for the Secret Foundation is gone. Until trust is restored it is in the best interest to suspend all funds and activities until a complete autopsy lays out the facts of what happened. Until the autopsy is complete I recommend that we nominate trusted community members to act as the custodian of funds for the Secret Foundation. I nominate Brendan @Brendan and Jordan @JXR50 as interim custod...

@Jiricepelka (Jiří Čepelka) posted in Community proposal to lower Secret Foundation Tax to 0% Hey guys chill, I don’t think there’s any need to call anyone a fraud. Anyway let’s reduce the SCRT Foundation Tax to 0% as soon as possible, if everything clears up I will be in favor of returning all the money the SCRT Foundation loses during the 0% Tax period. In parallel let’s also find a solution to avoid these situations, as soon as Tax is at 0% I’ll start a thread so we don’t get confused...

@zeeblu posted in Community proposal to lower Secret Foundation Tax to 0% Claiming fraud and rumors of further wrongdoing.

@Elie posted in Community proposal to lower Secret Foundation Tax to 0% What exactly is unsubstantiated?

@zeeblu posted in Community proposal to lower Secret Foundation Tax to 0% Agree to disagree. These outbursts are a regular occurrence, as are the manipulative tactics, yet we should believe unsubstantiated BS?

@Elie posted in Community proposal to lower Secret Foundation Tax to 0% Ian isn’t the one holding the community hostage.

@zeeblu posted in Community proposal to lower Secret Foundation Tax to 0% Not projecting, just frustrated, but thanks for the legal advice. I’m not the only one frustrated, Node is unhinged. How long must we continue to let NodeFather hold the community hostage?

@ManniUsai (Manni) posted in Secret Foundation Update and Disclosure So if price was higher that justifies fraud? The rule you’re suggesting was manifested already with prop 103.

@ManniUsai (Manni) posted in Community proposal to lower Secret Foundation Tax to 0% Deleted my prior, and reposting as to not confuse with whom I was speaking too.

@ManniUsai (Manni) posted in Community proposal to lower Secret Foundation Tax to 0% Sounds like you’re projecting. I seen this comment in the Secret Network Telegram channel and thought I’d chime in. New to the forum, but not to SCRT. As a Lawyer who is also a SCRT holder I would advise against any sort of personal attacks(passive or directed) in this situation as it could in turn be used against Tor. You are a liability, keep your wording professional.

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@zeeblu posted in Community proposal to lower Secret Foundation Tax to 0% Believe it or not, you and the brigade of morons swayed by your rambling autistic fan fiction don’t speak for us all.

@bigpappa (Biggie) posted in Community proposal to lower Secret Foundation Tax to 0% Thank you for the post and update. I would feel better with a community driven proposal than one coming from King Tor.

@zeeblu posted in Proposal to Adjust Secret Foundation Tax to 0% Why don’t I throw out some baseless speculation of my own? Your “proof” is tenuous at best, and what this is really about is your ego and weird obsession with him. Grow up.

@gaia (FreshSCRTs) posted in Proposal to Adjust Secret Foundation Tax to 0% How about we focus on what we DO know for sure? One of the things we know is that Guy, in a post prior to Tor’s post (Guy’s 6762 vs Tor’s 6764), suggested that the Foundation returns the funds to the community. I don’t see any reason to disagree with Guy’s suggestion. I also see no reason why “Sweeping calls for funds to be “returned to the community” are not practical or detailed, and they are ...

@thenodefather (Node Father) posted in Community proposal to lower Secret Foundation Tax to 0% The community is currently working on a plan to move the Secret Foundation Tax to 0%. Details will come out as soon as they are ready to share more.

@thenodefather (Node Father) posted in Proposal to Adjust Secret Foundation Tax to 0% Most of the discussions have happened behind the scenes for the network leadership. This includes 45+ people in a working group putting a plan to move forward, includes many 1 on 1 calls, and other context you dont have available. People understand and agree on 2 things. We need to get the rest of the community funds back from the Secret Foundation ASAP. We need to cut off the inflow of money fo...

@zeeblu posted in Proposal to Adjust Secret Foundation Tax to 0% Look man, if you make allegations then refuse to substantiate them don’t act shocked when people don’t believe you.

@thenodefather (Node Father) posted in Proposal to Adjust Secret Foundation Tax to 0% As I said elsewhere, a lot of evidence regarding this is public and Tor has been deleting things such as this post announcing the secret foundation as an NPO, he also deleted all his comments outside of around 100 in the Secret Network community telegram and other channels. All while there are still other things that he hasn’t disclosed. It’s ironic to see people who never talk come out to try and...

@zeeblu posted in Proposal to Adjust Secret Foundation Tax to 0% If you have evidence of fraud kindly share it or stop the deranged ranting.

@orageux101 posted in Proposal to Adjust Secret Foundation Tax to 0% Agreed - do you have any way to substantiate what is fraud and what isn’t? Or do we just throw the “alleged” word around everything?

@thenodefather (Node Father) posted in Proposal to Adjust Secret Foundation Tax to 0% Fraud = Not advised.

@orageux101 posted in Proposal to Adjust Secret Foundation Tax to 0% legal terminology lack of proof = not advised

@oljo posted in Proposal to Adjust Secret Foundation Tax to 0% [scrt513] We might be expanding this a bit much outa bear boredom but the reality sink in is that there has always been intent to keep SN broken from within. Whomever is unintentionally being webbed in to created decent is open for debate still, I guess. Tec is dangerous to legacy ways, obviously game will be played. What amuses me is that some folks profess to be Game Theorist but get gimped c...

@zeeblu posted in Proposal to Adjust Secret Foundation Tax to 0% What exactly has been stolen?

@thenodefather (Node Father) posted in Proposal to Adjust Secret Foundation Tax to 0% The dude literally embezzled community funds to purchase a 1.8m house, while also saying foundation couldn’t afford to pay for things and knows we are already working on a proposal for this topic.

@zeeblu posted in Proposal to Adjust Secret Foundation Tax to 0% Speak of the Devil spewing classic emotional manipulative language as always. Shame.

@thenodefather (Node Father) posted in Proposal to Adjust Secret Foundation Tax to 0% Just for everyone who isn’t seeing the other things happening right now. The community will be changing the tax in the coming hours / days. Please be very cautious giving Eric Tor Bair the benefit of the doubt after he stole community funds to buy a house.

@zeeblu posted in Proposal to Adjust Secret Foundation Tax to 0% Changes must be made, the opacity has to stop. No doubt about this. However NodeFather and a few other community members are clearly using this situation to carry out their personal vendetta. Throwing around words like fraud, talk of lawsuits, inciting violence, etc etc. It’s pathetic, they know full well what they’re doing and it’s flaring tempers of agents who don’t quite understand what’s going...

@AnewbiZ007 (anewbiz1.x) posted in Secret Foundation Update and Disclosure (Posting this here as well, because the topic is split over multiple threads) I am very saddened to be reading this. Because I believe wholeheartedly in the mission of the secret network, and this type of situation is divisive and destructive. I am frustrated by how this situation can harm the network and community. The main things that I would like the community to focus on, is the betterment o...

@bigpappa (Biggie) posted in Proposal to Adjust Secret Foundation Tax to 0% Can you give us tl:dr? I couldn’t get past the “I first raised this idea” without feeling nauseous.

@oljo posted in Proposal to Adjust Secret Foundation Tax to 0% [scrt1070]

@oljo posted in Proposal to Adjust Secret Foundation Tax to 0% Too much referencing to reestablishing trust. Should of never lost it in the first place. At the start EVERYTHING needs to be non-shady. We have hit a shady patch on our path. As with the SEFI escaped no answers have really been given . What was the actual name of the VC that swindled the SCRT from SF? As we can see by the satoshi price, nothing has really changed . The trust isn’t their for th...

@uShadow (Andrew Jackson) posted in Proposal to Adjust Secret Foundation Tax to 0% Thanks Tor for the rundown. I believe in the SF as a tool to grow the eco system and look forward to it continuing to do so. A far as I’m concerned, the money has been allocated as per proper arrangement of the past and therefore remains under the guidance of the current management. Calling for it to be returned is just short sighted and improper.

@orageux101 posted in Proposal to Adjust Secret Foundation Tax to 0% Whatever shape the road ahead of us takes, this seems like the easy first step on our way there.

@Cristiano posted in Proposal to Adjust Secret Foundation Tax to 0% Return the funds. Thanks in advance

@tor posted in Proposal to Adjust Secret Foundation Tax to 0% Hello to the Secret community, This thread is to discuss my proposal to adjust the Foundation tax rate to 0% until more clarity on next steps for the ecosystem are established. I first raised this idea to Guy and SCRT Labs (as well as other community members) late last year. It was clear to me that changes needed to be made to rebuild community trust and build a strong foundation for Secret 2.0 ...

@oljo posted in Secret University - Community Spend Proposal #2 I feel like you feel . [scrt2021] Community spend to build community is SCRT well spent .

@rangerranger (MoonRoyalty.crypto 𝕊) posted in Secret Foundation Update and Disclosure What was market price at time or your OTC quote and lockip? How does it compare to other offers you gave out in the foundations past? Were you or any family members ever involved in other OTC deals?

@oljo posted in Secret Foundation Update and Disclosure [scrt1032]

@tor posted in Secret Foundation Update and Disclosure This allegation is false. We’ve previously published our disclosure on that event and it is available on this forum.

@Jay580 posted in Secret Foundation Update and Disclosure Hello Tor Bear. Can you please respond to allegations that you used community funds to trade (gamble) as an effort to recoup community funds that you lost during an OTC scam? Thank you.

@oljo posted in An update and disclosure concerning Secret Foundation's Financial Transparency [scrt2026] I’m sure everyone will have a few questions, one of mine would be , why the drag it out?

RT @chimerie2_chi: I will be speaking about #privacy and how @SecretNetwork solves this in the #blockchain/#web3 ecosystem on the #Techies…

@guy posted in An update and disclosure concerning Secret Foundation's Financial Transparency The Secret Foundation was created to support the expanding Secret Network community and pledged to operate transparently and with good governance as a non-profit organization. Initially, the foundation was intended to have a responsible board of directors to ensure accountability, a compensation committee, and regular financial statements and annual audits conducted by an independent third party, ...

@SecretSaturn (h3rt) posted in Secret University - Community Spend Proposal #2 I really love the project that you all put up, I’m even using it myself for learning when it comes to smart contract development on secret. But I have to agree with @cow.level here. Could you please try to reduce some hours here and there to reduce overall amount (around 20%? seems possible) and the resulting strain on the community pool ? The estimates seem a bit big at times (e.g. at the Secret...