"Trust is the glue of life. It's the most essential ingredient in effective communication. Its the foundational principle that holds all relationships."
While I was sourcing the data to populate the country of origin for my recent post in Valueplan Part I 2024 Totals, I came across a stumbling block. Some groups or projects had no face behind the name. Some were just wallets that just acted as an account for the Valueplan transactions. Granted these accounts were set up for a variety of reasons, one being to separate the Valueplan funds from a user account which is a genuine reason to set up these wallets. But what really irked me were the accounts that had no communication whatsoever around who they were and what they did. Now these are not just accounts that got 1,000 HBD for an event. One of these accounts is called @qmwallet and it received 42,524.00 HBD in 2024.
No profile description. No HP. No posts. No comments, no replies, no nothing.
When searching for @qmwallet posts, my profile came up which I found hilarious. But who are the @qmwallet folks and what do they do??
It was set up on the 14th May 2024 and below are the wallet descriptions.
So we see from the first wallet description back on 14th May 2024 that it says "CWP LATAM water project ........ this is the sole extension of the Community Wells Project into LATAM | Promotional Project".
OK Got it. So when I search for Community Well Project in LATAM , not one post comes up.
Is it the same organisers as the Community wells in Ghana under the stewardship of @mcsamm and @collinz? or is it a separate group with a few familiar names from Venezuela? We see that on the 10th December a country finally gets mentioned in the wallet description. None other than Venezuela. Surprise surprise. Sure who else!!
So the question is who is behind the LATAM part of the project? The same people that are in charge of Community Wells or is the a South American team? It would be great also to write in that wallet profile what it is about. The lack of transparency here is shocking.
Now if it is the same team then we may have to reevaluate our 2024 Valueplan ranking report as the Community Wells Project now has the following spends in 2024.
Just before we do this there is one point. When this initiative started up, the Community Well Project received funds to buy educational books for the children in these communities. This was included in the cost of the wells project. Let's take a well from the initial stages of the project as an example. Borehole number 4 in August 2022.
The books then became its own project and became known as @hivestudentshub
This received 27,121.55 HBD in 2024 adding up the total that this group funded below.
With the books taken care of by a side project one would assume the cost of each borehole would be less. OK, OK I am not being realistic. Due to inflation etc they should be the same if not around 5% more.
98% increase on building borehole #4. This is a massive jump after only 2 years. Anyway I am going off topic. Back to the @qmwallet.
| User Account | HBD |
|---|---|
| @mcsamm | 57,842.00 |
| @qmwallet | 42,524.00 |
| @hivestudentshub | 27,121.55 |
| Total | 127,487.55 |
This jumps now to rank number 3 in the total amount funded by Valueplan.
Community wells is a good project and we like to talk about this as the face of Hive but it has got expensive over the years and the Community need to decide whether the funds used above would be better spent in real marketing rather than charitable causes. It is a great initiative to help people in poor countries but there should be a DHF proposal set up for this. How many boreholes need funding next year. Write a proposal and receive the funding.
The Hive Users Behind the Other User Accounts Groups Funded By Valueplan in 2024.
I decided to collate a list of the founders and teams with the groups or wallets that received funding for transparency reasons. This again took some time and I had to search back posts to find the names behind some of these groups. I even had to find some on Instagram and Twitter(X) to find the source of the group and who founded / runs them. I am not 100% on this but maybe 90% as I cannot be fully sure on some of them. Some users or team members may have left their groups or fallen out. Some team members may have joined etc. I do not know. All I know is this was the team when the group was first founded. If anyone has left a group or I need to make changes , let me know as this will be used going forward in 2025.
Please note that I am not trying to catch anybody out here. Most of the above groups are fine. Also there is nothing wrong with being in more than one group. I was a social butterfly myself once. I am also all for transparency. If we look above @victorg30 is part of the @swc-oficial group. He creates their posters and leaflets for their events but he also receives funding for a separate project for his mountain bike racing. Another example @danielvehe is the founder of @hiverun and also involved in @rutablockchain. Again nothing against the funding here. I think @hiverun is a good community. Both groups received 2,366.00 HBD and 985.00HBD respectively from Valueplan in 2024. Daniel himself also received 3530.00 HBD under his own name from Valueplan. So what we think is a small amount on paper all adds up to funding of 6,881HBD. Both founders of Hive Sucre are receiving funds in their own name by Valueplan and we can go on and on. But for now I have a spreadsheet to track this so you can all sleep soundly in your beds tonight.
Just on all these groups. When doing up these posts I had to educate myself on many of them as I do not come across them in my own circles. That being 40 year old + boring white males! I also don't agree with the narrative that the projects funded are the project managers friends. Maybe they know them but I just don't think they would be that silly. I think this goes deeper than with just with the project managers. There is definitely a skew towards Venezuela so why is this?? I did find that these groups all upload video content on Hive through the platform Threespeak . Now I am not a user of this platform myself but just on the landing page I was able to find many of these groups. Is it a coincidence that the Threespeak video uploaders are looked on more favourably for funding?? Maybe. I don't know. They make videos which promote Hive more so this could be actually good marketing strategy but I was surprised myself just how many of the Valueplan fundees had video content on there. Might be nothing. See what you think yourself.
Part 4 coming up by demand with a cumulative total over the years for the most funded projects by Valueplan.
Thanking you for the read.