Investigating Hive Denmarkguy Transactions Of : Transparency and Accountability
In the decentralized world of blockchain, transparency is key to maintaining trust within the community. Recently, our team at Bilpcoin flagged an account for suspicious activity after analyzing its transaction history. This account, operated by @denmarkguy, has raised concerns due to its close ties with influential figures in the Hive ecosystem—often referred to as "whales"—and its potential influence over decision-making processes on the platform.
To ensure full transparency you'll find a breakdown of how this information can be used to better understand the flow of funds and the implications it may have for the Hive community.
You can view the complete transaction history of @denmarkguy's wallet here. This public blockchain allows anyone to verify the details independently.
Key Observations from the Transaction History
After reviewing the transactions, several patterns emerged:
Frequent Swaps and Exchanges: A significant number of transfers were sent to accounts like
hiveswap,swap2020, andexchangeme. These could indicate attempts to convert HIVE into other assets or currencies.Large Transfers to Centralized Exchanges: Multiple large sums were sent to centralized exchanges such as Bittrex, raising questions about the intent behind these movements. Was this done to cash out, manipulate markets, or fund external projects?
Tips and Community Engagement: Some smaller transactions appear to be tips sent through platforms like Peakd, often accompanied by messages thanking recipients.
Connections to Influential Accounts: Several transfers involved accounts associated with prominent members of the Hive community, including ** @steevc @blocktrades @themarkymark @cosmictriage** and @whitelightxpress. These relationships warrant further investigation, especially given their influence over governance decisions.
Why This Matters
The flagged account's behavior suggests a level of financial activity that deserves scrutiny. Given its proximity to key stakeholders and decision-makers on Hive, there is a risk that these transactions could impact the fairness and decentralization of the network. Our team believes that exposing these activities is essential to fostering accountability and ensuring that Hive remains a truly decentralized platform.
What’s Next?
At Bilpcoin, we are committed to uncovering the truth, no matter how deep the rabbit hole goes. We will continue investigating this account and others like it, leaving no stone unturned. Downvotes and attempts to silence us will not deter us from pursuing justice and advocating for change.
If you'd like to contribute to this effort, here’s what you can do:
- Review the transaction history linked above and share your insights.
Link to Wallet - Engage in discussions about transparency and accountability on Hive.
- Support initiatives aimed at promoting fairness and decentralization.
Together, we can create a stronger, more equitable Hive ecosystem.
Final Thoughts
Blockchain technology thrives on openness and trust. By shining a light on questionable practices, we aim to hold individuals and entities accountable while encouraging positive change. Let this investigation serve as a reminder that every action leaves a trace—and those traces deserve to be examined closely.
Thank you for joining us on this journey toward greater transparency.
The Truth Behind Hive Power Dynamics: A Closer Look at Brofund and Connected Account Brofi
The Hive blockchain is a decentralized ecosystem designed to empower creators, developers, and community-driven initiatives. However, recent activities involving accounts like @brofund and its connected accounts raise concerns about the sustainability of this model. At Bilpcoin, our mission is to expose the truth and ensure transparency for the Hive community. In this post, we’ll analyze transactions, explore power-down behaviors, and discuss how these actions impact Hive's growth.
Understanding Hive Power (HP)
Hive Power (HP) is the backbone of the Hive ecosystem. It:
- Empowers governance through voting.
- Enables users to earn curation rewards.
- Strengthens network security by locking value within the blockchain.
With an APR of approximately 12.86%, HP incentivizes long-term commitment. However, when large accounts consistently power down or fail to reinvest, it undermines the ecosystem's stability.
Brofund and Brofi: What’s Happening?
Key Observations
Massive Power-Downs:
Both @brofund and its connected account @brofi are currently powering down significant amounts of HP. For example:- An unstake of ~458.290 HIVE is scheduled to occur in 4 days, with the process lasting 11 weeks.
- This mirrors similar behavior from @brofund, where consistent power-downs have been observed.
High Delegation Dependency:
The connected account benefits from substantial HP delegations:- @dailydab: 55,012 HP (Sep 15, 2024)
- @freecompliments: 10,195 HP (Jul 6, 2024)
- @traciyork: 7,493 HP (Nov 14, 2022)
While delegations are common, relying heavily on them without contributing back raises questions about accountability.
Frequent Transactions to Specific Accounts:
Many transactions involve recurring payments to accounts likehiveswap,stickupcash, andwearelegion. These patterns suggest structured relationships but lack transparency regarding their purpose.
Transaction Analysis: Organized Data
Below is a simplified version of the transactions involving @brofi. For full details, you can view all transactions here.
| Date | Sent To | Amount (HIVE) | Amount (HBD) | Notes |
|---|---|---|---|---|
| Jan 24, 2025 | hiveswap | 298.244 | - | Large transfer via hive-engine |
| Jan 16, 2025 | hiveswap | 467.077 | - | Consistent funding |
| Dec 23, 2024 | hiveswap | 552.625 | - | High-volume transaction |
| Nov 25, 2024 | balaz | 384.000 | - | Dev-related payment |
| Oct 28, 2024 | wearelegion | 300.000 | - | Significant contribution |
| Sep 15, 2024 | dailydab | 150.000 | - | Recurring support |
| Aug 25, 2024 | brodivs | 220.000 | - | Regular payment |
| Jul 14, 2024 | lgndivs | 175.000 | - | Strategic allocation |
| Jun 23, 2024 | brofund | 220.000 | - | Internal transfer |
| May 5, 2024 | spinvest | 400.000 | - | Investment-focused transaction |
Why Powering Down Hurts Hive
When large accounts like @brofund and @brofi accounts engage in power-downs, it sends a concerning message to the community. Here’s why:
Reduced Governance Influence:
Lower HP means less voting power, which weakens decision-making capabilities.Decreased Rewards Potential:
Fewer staked tokens result in smaller curation rewards, discouraging participation.Weakened Network Security:
Unstaking reduces the overall value locked in the blockchain, making it more vulnerable.Missed Opportunities for Growth:
Instead of reinvesting HP into projects that benefit the ecosystem, funds are withdrawn, leaving little room for innovation.
A Call for Transparency and Accountability
At Bilpcoin, we believe in fostering trust and transparency within the Hive community. Accounts receiving significant HP delegations should be held accountable for how they utilize these resources. Are they contributing to Hive’s growth? Or are they simply taking without giving back?
How Bilpcoin Supports Hive
Unlike accounts focused solely on extraction, Bilpcoin is committed to empowering Hive. Our initiatives include:
- Reinvesting Profits: All earnings are funneled back into Hive projects.
- Empowering Creators: Providing upvotes, financial support, and mentorship to emerging talents.
- Boosting Engagement: Hosting contests, challenges, and collaborative events to drive meaningful interactions.
We invite everyone to join us in building a stronger, more resilient Hive ecosystem. Together, we can ensure that Hive remains a beacon of decentralization and innovation.
Call to Action
If you’re concerned about the impact of power-downs or want to learn how to contribute positively to Hive, reach out to us at Bilpcoin. Let’s work together to make Hive the best it can be!
View the full transaction history of @brofi account here.
Let’s build a brighter future for Hive—one where every action adds value, not takes away from it
Understanding Hive Transactions: A Deep Dive into Brofund's Activity
One of the most active accounts on Hive is @brofund, which has been consistently engaging in transactions involving HIVE and HBD (Hive Dollars). In this post, we’ll analyze these transactions, organize them into a spreadsheet for clarity, and discuss the implications of such activities on the Hive ecosystem.
Why Analyze Transactions?
Analyzing blockchain transactions helps us understand how value flows within the network. For accounts like @brofund, these transactions reveal patterns of support, investment, and resource allocation. However, when large amounts of HP (Hive Power) are powered down or distributed without reinvestment, it can raise concerns about sustainability and long-term commitment to the ecosystem.
At Bilpcoin, our mission is to contribute positively to Hive by fostering growth, supporting creators, and ensuring the health of the blockchain. This stands in contrast to behaviors that may take more from Hive than they give back.
Brofund’s Transactions: Organized Data
Below is a simplified version of @brofund’s recent transactions, organized into a spreadsheet format for easy reference. You can view the full transaction history here.
| Date | Sent To | Amount (HIVE) | Amount (HBD) | Notes |
|---|---|---|---|---|
| Jan 19, 2025 | brodivs | 200.000 | - | Regular transfer to brodivs |
| Jan 19, 2025 | wearelegion | - | 20.886 | Support for wearelegion |
| Jan 12, 2025 | brodivs | 200.000 | - | Consistent funding |
| Jan 12, 2025 | wearelegion | - | 8.358 | Smaller contribution |
| Dec 22, 2024 | brodivs | 200.000 | - | Large recurring transfers |
| Dec 22, 2024 | wearelegion | - | 18.904 | Mixed use of HIVE and HBD |
| Oct 27, 2024 | brodivs | 220.000 | - | Higher volume sent |
| Sep 29, 2024 | wearelegion | 32.467 | 23.368 | Dual currency support |
| Aug 18, 2024 | brodivs | 220.000 | - | Continued pattern |
| Jul 29, 2024 | wearelegion | 175.000 | - | Significant direct contribution |
| Jun 17, 2024 | bdhivesteem | 3,640.294 | - | Massive distribution |
Key Observations
Consistent Transfers to Brodivs:
The accountbrodivsreceives regular payments of 200–220 HIVE, suggesting a structured relationship between @brofund and this entity. While consistent funding is not inherently problematic, transparency about its purpose would be beneficial.Support for Wearelegion:
Another frequent recipient iswearelegion, receiving both HIVE and HBD. These contributions likely aim to empower the account but could also indicate dependency rather than sustainable growth.Massive Distributions to BDHiveSteem:
Several high-value transfers tobdhivesteemstand out, including one for over 3,640 HIVE. Such distributions warrant scrutiny, especially if they’re part of a power-down strategy.Powering Down Concerns:
An unstake (power-down) is scheduled to occur in 6 days, with approximately 130.231 HIVE being withdrawn over the next 10 weeks. Powering down reduces governance influence and rewards potential, potentially harming the ecosystem.
Spreadsheet Download
For those who want to explore the data further, you can download the full transaction spreadsheet here. It includes additional details like timestamps and memo notes.
The Impact of Power Downs
When large accounts like @brofund engage in powering down their HP, it sends a signal to the community. Hive Power plays a crucial role in:
- Governance: Voting power determines proposal outcomes.
- Rewards Sharing: Higher HP means greater curation rewards.
- Network Security: More staked HIVE strengthens the blockchain.
Accounts that consistently power down risk undermining these pillars. Instead, reinvesting HP into the ecosystem ensures long-term stability and prosperity.
How Bilpcoin Supports Hive
At Bilpcoin, we believe in giving back to Hive. Our approach focuses on:
- Empowering Creators: Providing upvotes and financial support to emerging talents.
- Boosting Engagement: Encouraging meaningful interactions through contests and challenges.
- Reinvesting Profits: All earnings are reinvested into Hive projects and initiatives.
We invite everyone to join us in building a stronger, more resilient Hive ecosystem. Together, we can ensure that Hive remains a beacon of decentralization and innovation.
Call to Action
If you’re concerned about the impact of powering down or want to learn how to contribute positively to Hive, reach out to us at Bilpcoin. Let’s work together to make Hive the best it can be!
View the full transaction history of @brofund here.
Let’s build a brighter future for Hive—one where every action adds value, not takes away from it.
Uncovering Suspicious Activity on the Hive Blockchain: A Closer Look at @buildteam's Transactions
The Hive blockchain is a decentralized ecosystem that thrives on transparency, trust, and community-driven governance. However, as with any blockchain, there are always bad actors attempting to exploit the system for personal gain. Recently, the account @buildteam has come under scrutiny for suspicious activity, raising concerns about its potential ties to past scams and vote-selling operations.
At bilpcoin, we’re committed to ensuring the integrity of the Hive blockchain by exposing unethical practices. In this post, we’ll dive into the transactions of @buildteam, analyze patterns, and provide insights into why this account has been flagged.
Why Is @buildteam Under Investigation?
Upon reviewing the transaction history of @buildteam, several red flags have emerged:
- High Volume of Incoming HIVE: The majority of HIVE flowing into this account appears to originate from accounts linked to former voting bots and bid-based systems, such as @minnowbooster and others.
- Withdrawal Patterns: There’s a consistent pattern of withdrawing vested HIVE to other accounts, which could indicate an attempt to launder funds or distribute proceeds from illicit activities.
- Connections to Past Scams: Some speculate that @buildteam may be connected to the infamous buildawhale scam farm, known for exploiting users through vote-selling schemes. While we can’t confirm this outright, the similarities in behavior are concerning.
To help the community better understand these transactions, we’ve compiled a detailed spreadsheet breaking down key activities.
Transaction Breakdown (Spreadsheet Preview)
Below is a sample of the transaction data extracted from @buildteam’s wallet. For the full dataset, you can view it directly on PeakD: @buildteam Wallet Transactions.
| Date | Type | From Account | To Account | Amount (HIVE/HBD) | Notes |
|---|---|---|---|---|---|
| Jan 2, 2024 | Withdraw Vesting | @minnowbooster | @buildteam | 233.461 HIVE | Likely tied to vote-selling bot |
| Dec 5, 2023 | Withdraw Vesting | @minnowbooster | @buildteam | 232.940 HIVE | Consistent withdrawal pattern |
| Nov 7, 2023 | Withdraw Vesting | @minnowbooster | @buildteam | 232.420 HIVE | High-frequency vesting activity |
| Oct 24, 2023 | Withdraw Vesting | @minnowbooster | @buildteam | 232.156 HIVE | Linked to ex-voting bot |
| Sep 3, 2024 | Received | @ginabot | @buildteam | 1.953 HIVE | Small transfer |
| Aug 6, 2024 | Sent | @buildteam | @cryptomancer | -1,076.290 HIVE | Large outgoing payment |
Note: This table represents only a fraction of the total transactions. Please refer to the full wallet link above for comprehensive details.
What Does This Mean for the Hive Community?
The activities surrounding @buildteam suggest a possible continuation of unethical practices that undermine the fairness and decentralization of the Hive blockchain. These include:
- Vote-Selling Operations: Accounts like @minnowbooster were historically used as voting bots, allowing users to buy influence within the ecosystem. Such practices distort rewards distribution and harm organic growth.
- Potential Money Laundering: The frequent withdrawals and transfers to various accounts raise suspicions of fund redistribution or laundering.
- Ties to Scam Farms: If @buildteam is indeed linked to buildawhale, it would represent another instance of centralized manipulation harming the network.
How Can You Help Protect Hive?
As members of the Hive community, we all play a role in maintaining the health and integrity of our ecosystem. Here’s how you can contribute:
- Stay Informed: Regularly review wallets and transaction histories of suspicious accounts using tools like PeakD.
- Report Unethical Behavior:.
- Support Ethical Witnesses: Vote for witnesses who prioritize transparency and actively combat exploitation.
At bilpcoin, we’re collaborating with multiple teams across the Hive network to identify and address these issues. Together, we can ensure that Hive remains a fair and thriving platform for everyone.
Final Thoughts
While we cannot yet definitively prove whether @buildteam is part of a larger scam operation, the evidence points to questionable behavior warranting further investigation. By staying vigilant and working together, we can protect Hive from those seeking to exploit it.
For more updates and investigations, follow us here at bilpcoin—because accountability matters.
View the full transaction history here: @buildteam Wallet Transactions
Let’s keep Hive strong and transparent! 🚀
Shedding Light on Suspicious Transactions: A Closer Look at @ginabot’s Wallet Activity
In the Hive blockchain ecosystem, transparency is key to maintaining trust and integrity. However, some accounts exploit the system for personal gain, undermining the community's hard work. Recently, our team at Bilpcoin flagged the account @ginabot due to suspicious activity linked to known scammers and farmers. To ensure full transparency, we’ve compiled a detailed breakdown of its transactions in a spreadsheet format so everyone can see the data for themselves.
You can also view the wallet activity directly via PeakD: @ginabot Wallet Transactions.
Why We’re Investigating @ginabot
Our investigation into @ginabot was prompted by several red flags:
- Links to Known Scammers: Several accounts interacting with @ginabot have been identified as part of scamming or farming schemes. These activities harm legitimate users and dilute the value of rewards on Hive.
- Unusual Withdrawal Patterns: The account has consistently withdrawn vesting shares (HIVE Power) over time, often sending funds to other accounts associated with exploitative behavior.
- Exploitation of Downvote Mechanisms: Some interactions suggest involvement in coordinated downvoting campaigns—a tactic used by whales to suppress content creators unfairly.
At Bilpcoin, we believe it’s crucial to expose such practices and protect the Hive community from abuse.
Transaction Breakdown: Spreadsheet Overview
Below is an example of how the transactions were organized into a spreadsheet for easy analysis. You can replicate this structure to track any account’s activity.
| Date | Type of Transaction | From Account | To Account | Amount | Memo/Notes |
|---|---|---|---|---|---|
| Oct 1, 2024 | Withdraw Vesting | @ginabot | @buildteam | 9.585 HIVE | Regular withdrawal pattern |
| Sep 24, 2024 | Withdraw Vesting | @ginabot | @buildteam | 9.579 HIVE | Linked to farming operations? |
| Jul 5, 2024 | Transfer From Savings | @ginabot | @ginabot | 0.014 HIVE | Internal transfer |
| Feb 26, 2024 | Received | @ngwinndave | @ginabot | 0.001 HIVE | Known scammer flagged |
| Dec 29, 2023 | Sent | @ginabot | @dbuzz | 0.003 HIVE | Memo mismatch error |
| Aug 11, 2022 | Transfer To Savings | @big-elite | @ginabot | 0.001 HIVE | Repeated "MEMO does not match" errors |
Note: This table represents only a small sample of the transactions. For a complete list, please refer to @ginabot’s wallet.
Key Observations
- Consistent Withdrawals to @buildteam: Over multiple dates, @ginabot withdrew vesting shares totaling nearly 100 HIVE, all directed to @buildteam—an account previously flagged for questionable activities.
- Frequent Errors in Memos: Many transfers resulted in “MEMO does not match” errors, which could indicate attempts to bypass security checks or mislead recipients.
- Small but Frequent Transfers: While individual amounts may seem insignificant (e.g., 0.001 HIVE), these add up over time and are consistent with farming tactics designed to manipulate reward pools.
What Can the Community Do?
The fight against abuse requires collective effort. Here’s what you can do:
- Monitor Wallets: Use tools like PeakD to track suspicious accounts and report them to moderators.
- Vote Wisely: Support witnesses and proposals that prioritize fairness and transparency on Hive.
- Raise Awareness: Share findings like this post to educate others about potential threats within the ecosystem.
Final Thoughts
At Bilpcoin, we remain committed to exposing bad actors who exploit Hive and its community members. Accounts like @ginabot highlight the need for vigilance and proactive measures to combat abuse. Together, we can put an end to malicious downvotes, scams, and farming schemes that threaten the future of Hive.
Let’s stand united in protecting the platform we love.
For more updates on flagged accounts and investigations, follow us here on Bilpcoin!
#HiveBlockchain #Transparency #StopScammers #CommunityFirst
Uncovering the Buildawhale Scam Farm: A Call for Transparency on Hive Blockchain
The Hive blockchain has long been a platform for innovation, community-driven projects, and decentralized governance. However, as with any ecosystem, there are challenges that need to be addressed to ensure fairness and sustainability. One such issue is the ongoing operation of accounts like @theycallmemarky, which appear to be part of the notorious Buildawhale scam farm.
For those unfamiliar, Buildawhale is an account that has been flagged by the community for engaging in manipulative practices, including vote farming and exploiting the reward system to unfairly benefit certain users. These activities undermine the integrity of the Hive ecosystem and harm honest creators who rely on the platform for fair compensation.
Why Is Nothing Being Done?
We have repeatedly exposed the Buildawhale scam farm, yet no decisive action has been taken to stop it. This raises serious concerns about accountability within the Hive ecosystem. How can we, as a community, allow one person or group to exploit the system without consequences? The longer this continues, the more damage it does to Hive's reputation and its ability to attract new users and investors.
At Bilpcoin, we stand firmly against such exploitative practices. We believe in transparency, fairness, and holding bad actors accountable. That’s why we’re shedding light on these transactions and calling for immediate action from the Hive community and leadership.
Transactions Overview: Dive Into the Data
To provide full transparency, we’ve compiled a detailed spreadsheet of transactions associated with the @theycallmemarky account. Below is a snapshot of the data included in the spreadsheet:
| Date | Transaction Type | Amount (HIVE/HBD) | From Account | To Account | Notes |
|---|---|---|---|---|---|
| Jan 12, 2025 | Withdraw Vesting | 0.728 HIVE | @theycallmemarky | @ipromote | Regular withdrawal pattern observed |
| Oct 17, 2024 | Sent | -9.202 HIVE | @ipromote | Large transfer linked to power-down | |
| May 22, 2024 | Claim Rewards | 2.534 HBD, 8.264 HP | Rewards claimed post-power down | ||
| Feb 27, 2023 | Withdraw Vesting | 0.007 HIVE | @theycallmemarky | @ipromote | Consistent micro-withdrawals |
| Nov 27, 2021 | Set Withdraw Vesting Route | N/A | @theycallmemarky | @ipromote | Auto vest set to false; percent: 10000 |
| Aug 28, 2020 | Transfer to Vesting Completed | 5.001 HIVE | @theycallmemarky | @theycallmemarky | Powered up 5.001 HP |
You can view the complete list of transactions here: @theycallmemarky Wallet Transactions
The Impact of Inaction
Allowing accounts like @theycallmemarky to operate unchecked sends a dangerous message to the Hive community. It suggests that exploitation of the system will go unpunished, discouraging honest participation and fostering distrust among users.
This isn’t just about one account—it’s about setting a precedent. If we don’t address this now, what stops others from following suit? The Hive blockchain thrives on collaboration and mutual respect, but these values are at risk if we fail to act.
What Can Be Done?
Community Awareness: Share this post and spread awareness about the Buildawhale scam farm. Knowledge is power, and together, we can demand change.
Flagging Exploitative Content: Use your voting power wisely. Flag content and accounts involved in manipulative practices to reduce their influence.
Engage with Witnesses: Reach out to Hive witnesses and encourage them to take a stand against exploitative behavior. Witnesses play a crucial role in maintaining the health of the blockchain.
Support Honest Projects: Back initiatives like Bilpcoin that prioritize truth, fairness, and transparency. Together, we can build a stronger, more resilient Hive ecosystem.
Final Thoughts
The Hive blockchain has immense potential, but it requires vigilance and collective effort to protect its future. Accounts like @theycallmemarky and schemes like the Buildawhale scam farm threaten the very foundation of our community.
At Bilpcoin, we refuse to back down. We will continue fighting for truth and justice on Hive because we believe in a better future for all users. Join us in demanding accountability and taking a stand against exploitation. Let’s work together to ensure that Hive remains a beacon of decentralization and fairness.
Spread the Word:
🔗 View Full Transactions: @theycallmemarky Wallet Transactions
💬 Discuss This Issue: #HiveTransparency #StopBuildawhale
Let’s make Hive stronger—together! 🚀
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