HydroMiner shutting down criticism

Last Friday I posted this rather lengthy article where I summarised and analysed HydroMiner's ICO and what happened after the ICO finished. I admit that it was a rather critical article where I pointed out some of the flaws I found, but my criticism was not intended to harm the project, but rather well founded and constructive (at least that was my intention while writing the article).

Since I wanted to share my views with people who are interested in the topic, I decided to share a link in HydroMiner's Telegram group. I guess I did reach some people and got a little feedback, but not too much since the link I posted got deleted. I can't say when exactly it got deleted, but I guess it was around Saturday noon (I posted it on Friday night). I tried to post the link again, but it got deleted again. So I tried again and again, resulting in me being banned from the Telegram group. I can't say how many people I reached from the Telegram group, but I guess it was only a very small fraction of the over 2000 people in there.

The way HydroMiner (or more precise the people from AmaZix, who were hired to manage the community) is dealing with criticism is definitely the wrong one. Crypto is all about openness, transparency and trust and not about shutting down criticism and censoring unwelcome opinions that contradict with the idyllic world the team tried to create for its investors.

As shown on the screenshot from their website, they are attracting people by speaking of 60% ROI. Needless to say that this return is an rather idealistic one. Seeing how the people involved in the project are dealing with critical voices, that are threatening this ideal makes me even more sceptical about the project than I was before. This kind of “active ignorance” is not really beneficial for the project and in the end the investors can be glad, if they see any return of their investment.

Keeping investors happy is one thing, but defending this idyllic world at all costs is something completely different. Reality can be harsh and rather unpleasant, but it will inevitably strike at one point, no matter how many critical voices have been shut down before.