There has been a major development in the Arcade City saga. Will this finally be the end of it? This is the twenty-eighth episode of The LAVA Spurt, The Arcade City / Swarm City Hard Fork Edition.

While I was away, there was some major news in the Arcade City ongoing saga, so I wanted to make sure to get it to you as quickly as I could. A friend of mine, Joel Valenzuela, reported on this for the website Cointelegraph. I've linked to his original article in the show notes to this episode at thelavaflow.com/tls028. I'll pretty much be going from his article in the episode. For the back story on the full Arcade City saga, you can listen to episode 45 of this show, The Gamification of Arcade City Edition, at thelavaflow.com/45 and episode 50 of this show, The Arcade City 2.0 Edition at thelavaflow.com/50.

I heard from another friend, who requests to remain nameless, that when Christoper David resigned from the Arcade City Council, he refused to hand over the intellectual property of the company, including the web address, twitter and FB accounts, and the name Arcade City.

With this being the case, and with the new members of the Arcade City Council understanding how toxic Christopher David is after being hammered on their last Reddit AMA, the Arcade City Council decided to cut all ties to Chris and to rebrand as Swarm City, which will have the use of all of the funds raised in the ARC token sale, all $620,000 worth.

Of course, this has caused a ton of bickering. As would be expected, Chris David is calling foul since he will now be left with the Arcade City intellectual property that will be worth exactly nothing at the end of all of this. He's saying that the new dev team is committing fraud by using the money to launch a separate project.

Bernd Lapp, the head of Swarm City, says this is a direct result of trying to distance themselves from Chris.

Listen to the full episode for all the details on the Arcade City / Swarm City Hard Fork!

 

Read Full Transcript

There has been a major development in the Arcade City saga. Will this finally be the end of it? Thank you for joining me on the twenty-eighth episode of The LAVA Spurt, The Arcade City / Swarm City Hard Fork Edition.

First, I want to take a minute and thank you all for your patience during my hiatus from the podcast while we moved. It was an absolute nightmare of a move with so many problems on all ends, but it's all done now, finally! And, we now have a detached rental house on our property that we have put new kitchens and bathrooms in, so if you have been looking for a launchpad for your move to New Hampshire for the Free State Project, let me know, and I can hook you up. It has one bedroom, one and a half bathrooms, an attached garage which is so helpful in New Hampshire winters, and plenty of storage for all your things. We will do short and long term rentals. Shoot me an email at feedback@thelavaflow.com and I'll get all the information to you!

While I was away, there was some major news in the Arcade City ongoing saga, so I wanted to make sure to get it to you as quickly as I could. A friend of mine, Joel Valenzuela, reported on this for the website Cointelegraph. I've linked to his original article in the show notes to this episode at thelavaflow.com/tls028. I'll pretty much be going from his article in the episode. For the back story on the full Arcade City saga, you can listen to episode 45 of this show, The Gamification of Arcade City Edition, at thelavaflow.com/45 and episode 50 of this show, The Arcade City 2.0 Edition at thelavaflow.com/50.

I heard from another friend, who requests to remain nameless, that when Christoper David resigned from the Arcade City Council, he refused to hand over the intellectual property of the company, including the web address, twitter and FB accounts, and the name Arcade City. With this being the case, and with the new members of the Arcade City Council understanding how toxic Christopher David is after being hammered on their last Reddit AMA, the Arcade City Council decided to cut all ties to Chris and to rebrand as Swarm City, which will have the use of all of the funds raised in the ARC token sale, all $620,000 worth.

Of course, this has caused a ton of bickering. As would be expected, Chris David is calling foul since he will now be left with the Arcade City intellectual property that will be worth exactly nothing at the end of all of this. He's saying that the new dev team is committing fraud by using the money to launch a separate project.

Bernd Lapp, the head of Swarm City, says this is a direct result of trying to distance themselves from Chris.

“Definitely from his influence. We have a different understanding of decentralized organizations and he had previously made commitments that we could not fulfill. Therefore, it was important for us to separate from him and his organization Arcade City Inc.”

As to the fraud charge, Lapp says:

“Christopher stepped down to create value for his own company by contributing to the sharing economy platform that we are building now (see his tweet from Nov. 8). In my opinion, nothing has changed for him on that. Even more so, now he can use the name Arcade City for his own projects that could fit right into Swarm City...just like everyone else has the opportunity to create products around our platform in the future.”

Lapp says they are sticking to the whitepaper for the ARC tokens, so there is no fraud involved at all. They even offered the janitor of Arcade City, the self-deprecating name that Christopher David game himself after stepping down as mayor, the 1/3rd of 1 percent of the tokens, as per the whitepaper. That is work abut $2 thousand.

“The new brand is a solution to a technical roadblock that kept the team from continuing development. Having control over the brand is necessary to execute the white paper. When we look at investors we have identified at least three different types of investors. 1. Early investors that hold shares in Arcade City Inc.; 2. Early investors that receive token through the token sale (SAFE Investors that receive 5 percent of tokens as stated in the white paper); and 3. The token backers that participated in the token sale. We are complying with the white paper, which covers the SAFE investors and the token backers. Overall, we are creating the sharing economy platform for which the token was created.

I do not believe that the token backers have invested in the brand name, but rather the concept described in the white paper. Shareholders in Arcade City Inc. need to ask their CEO how he will create value in the ecosystem of the sharing economy platform, just as Christopher stated in his tweet. Until we have a product out and people can see and feel it, I can tell investors as much as I want...but it's the product that will be most telling.”

And that's that, or is it? As I was writing this piece for the show, the @ArcadeCityHall Twitter account tweeted the following: "Open beta for Arcade City v.15 ridesharing app begins next week." I questioned this account about this and found out that they are referring to the "final version of the nearly completed "version 1" app A[rcade]C[ity] sorta released in September." He followed up with, "S[warm]C[ity] is ETA April 2017." These messages came to me from, "a highly motivated Christopher David." I replied that I hoped the new beta has more than just Karma Points in it. His response was, "No karma. Basic ridesharing features available immediately to all users; advanced functionality for "guilds" like Arcade City Austin."

Looks like Chris may beat Swarm City to the punch with and app, although I bet it won't have any Ethereum blockchain functionality that has been promised since day one. My money is still on Swarm City. When I told Chris this, he responded, "No worries. We trust the market will decide a winner. Though our mantra now is "You can't beat something with nothing."

I think I actually agree with Chris on something. The market will certainly decide.

Until next time... keep striking the root!

 

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