Retort To Leofinance Misinformation

There was a comment on the post Leofinance: Expansive Platform which seems to claim there were inaccuracies in what I wrote.

So here is the comment and lets go through some Leofinance history.

Beware, there are some incorrect statements in this post.

Character limit was necessary for Twitter as it supported tweeting via SMS. There is no such requirement for Leo Threads. You might argue microblogging, but there were plans to increase the character limit depending on users' LP, just like Twitter Blue. Not so microblogging when it is eight paragraphs long, is it?

It didn't take two years to build threads, just a month (June to August). Then took a month to fix all the issues it had from the previous developer. ~3 months to build the alpha state of the new UI.

Project Blank had no real meaning; it just materialized after the new UI became obviously Twitter-like. So, there is no Project Blank, and there was no Project Blank back then. It is just a marketing move: "Project Blank was the leofinance.com all along".

Everything app is bullshit, there is no such thing as everything app, and there won't be such thing in the near future. There are big players in the industry, and some are unbeatable. Let alone LeoFinance, not even Twitter can do.

Implementing shorts is way different from implementing the rest of the app. The only viable solution is integrating other parties like 3speak.

LeoFinance has nothing unique to offer. The special part is Hive, not Leo; Leo can be challenged in mere months, and the only thing missing would be its community. That itself is proof that the success of LeoFinance isn't because of "renovation"; just because it was one of the first communities when communities landed.

I know you get paid to shill Leo, but being delusional might hurt the project. Selling dreams and false hopes is something dangerous to play; just saying.

I know you get paid to shill Leo

Let us start with this first.

The $LEO in my wallet is acquired by:

• buying it
• through curation and author rewards
• by delegating to leo voter
• through the participation in the wLEO liquidity pool

You will notice that these are avenues open to all. So the idea that I am a paid shill is a falsehood.

Shill? Maybe. That is a matter of opinion. Paid shill is simply untrue.

Character limit was necessary for Twitter as it supported tweeting via SMS.

This might be the case but, so what? I don't care if it is that way because Jack Dorsey couldn't count to 245. The fact is Twitter introduced microblogging.

You might argue microblogging, but there were plans to increase the character limit depending on users' LP, just like Twitter Blue.

There is a solution for everyone on Leofinance (and Hive), it is called blogging. Anyone can create a post greater than 244 characters simply by pressing the publish button.

Also, the simple fact of the matter is if I exceed 240 characters, it will not post. Hence it is microblogging. Could this change in the future? Obviously if so, there are parameters. After all, since I am not giving Elon Musk $8 a month, Twitter is only microblogging to me.

It didn't take two years to build threads, just a month (June to August). Then took a month to fix all the issues it had from the previous developer.

It most certainly did take 2 years.

This idea came about in August 2020. How do I know this? Because I was the one having the conversation with @khaleelkazi. When it was decided this was a good way to proceed, there was an account set up to offer the engagement while it was being constructed.

It is how the date is so clear:

The feature went live in August of last year (2022), a full two years after it was first discussed.

Of course, this is exactly what the original article states:

Another topic that came up in August 2020 (I still remember the conversation) was the idea of microblogging. This was something that I felt was crucial to Hive and Leofinance seemed to be a platform that was trying things out.

It took a long time but it finally rolled out in August, 2022. To say it was a long two years is an understatement.

Project Blank had no real meaning; it just materialized after the new UI became obviously Twitter-like. So, there is no Project Blank, and there was no Project Blank back then.

Really? This is interesting. It is also complete nonsense.

So the claim is that the name "Project Blank" only came about at the time of the UI development after it was obvious that new feature was Twitter-like?

Here is something written by Khal himself:

One of the focuses in this episode is the upcoming release of LeoThreads. After 18 months of working on databases and key infrastructure for project blank, we're coming onto the home stretch.

LeoThreads is a key release for us. It allows us to test all of that infrastructure that we've invested hundreds of thousands of dollars and thousands of dev hours into. We're so incredibly excited to release this to the Hive and Leo community.

Notice the date on this video - Jul 28, 2022

Notice how it says "After 18 months of working on databases and key infrastructure for project blank". That throws the 3 month timeline out the window.

It also has the words, Project Blank in it. But it is in the time period described.

But the we have this:

• It Is Time For Leofinance To Reveal The True Name Of #ProjectBlank

This was written May 2, 2022, a full month before the claim of the UI being built and it then realized that it was "twitter-like". How can that be and why would I be asking to reveal the name of the project? It is because Project Blame was out long before the claim in the above comment.

Still not convinced? How about this:

• Project Blank , Hive and Airdrop

This is the first paragraph:

There is a lot to learn about #projectblank. While @khaleelkazi and the @LeoFinance team provides some information of the project, there are still a lot of things undisclosed. The mystery surrounding the projects adds excitement and hype.

Article written: February 19, 2021

This is more than 15 month before the claim that Project Blank became a marketing term.

Finally, there was another name that wasn't released to the public along with a URL tied to it.

And yes it was separate form Leofinance:

It is clear, in early 2021, Leofinance and Project Blank were not the same. In fact, the idea was to incorporate the microblogging UI into Leofinance.

There are big players in the industry, and some are unbeatable.

History shows that this is not the case.

There was a time when it was said as General Motors go, so goes the United States. In 2009, GM filed for bankruptcy and is only in business because of the government.

To presume the existing giants in Web 2.0 are unbeatable is a risky stance. We might be watching the unwinding of Reddit (albeit not the biggest of players). The point is that it might be 10 years, or 50, but many of these entities (in both social media and finance) will end out.

Implementing shorts is way different from implementing the rest of the app. The only viable solution is integrating other parties like 3speak.

Yeah that is how it will be done by implementing what 3speak built.

LeoFinance has nothing unique to offer. The special part is Hive, not Leo;

It is true that Hive is special but that doesn't mean that Leofinance has nothing unique to offer. By that statement, it must apply to every front end. However, this is not true. While it will apply to the base layer functionality, which is open to any application, there are other things built that are not available to other projects on Hive.

That itself is proof that the success of LeoFinance isn't because of "renovation"; just because it was one of the first communities when communities landed.

This could be true if there was nothing else to Leofinance but a blogging platform. There were other communities formed when tokenization was brought to Hive. Many of them have done nothing.

Perhaps there are other projects out there which are working on things. But so far, none have kept pace with Leofinance. And it takes more than just putting together some features on a website (application).

How about revenue models? What about a plan to increase them? How about an idea of creating Web 3.0 concept in real time, not just talk about it.

Could others do this? Certainly. Are they doing this? So far it is hard to tell.

In the end, the misstatements that were claimed in the comment section of the original article are nonsense. Of course, that was littered with inaccuracy and falsehoods.

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