# 1 Wallet. 16 Ghost Validators. 50,000 KSM. Who Is Silently Killing Kusama's Only Revenue-Generating Project?

S0c5
Tue, 17 Mar 2026 02:08:34 +0000
Governance

1 Wallet. 16 Ghost Validators. 50,000 KSM. Who Is Silently Killing Kusama’s Only Revenue-Generating Project?

Author: David Barinas — Founder of Bloque (bloque.app), the ONLY revenue-generating project building on Kusama.

TL;DR

A single anonymous entity has now blocked Bloque’s funding three consecutive times (Ref #629, Ref #634, Ref #638) — casting up to 65,000 KSM in Nay votes through multiple proxy wallets, all controlled by the same parent account. This entity runs 16 anonymous validators with 40% commission, has zero on-chain identity, and has never left a single comment explaining their opposition — while Bloque has processed $405K+ in real payment volume, onboarded 4 fintech customers, and is actively paying fees back to the Kusama network through Kreivo.

I’m writing this to publicly request a conversation. If you have concerns about Bloque, I want to hear them. If there’s something we can improve, I’m open. But systematically blocking the ecosystem’s only revenue-generating project — three times, from the shadows, without a word — doesn’t help anyone.

What happened

On Referendum #638, the vote tally currently stands at:

Aye: 18 voters — ~14,310 KSM

Nay: 1 voter — 50,000 KSM

That single Nay vote comes from account HCpmqB8FkzVyLzfu269om5YofaqxgiHerUdo2ryuCNzJkep, voting with 25,000 KSM at 2x conviction. You can verify this on AssetHub Kusama Subscan by searching for this address.

This account is a staking proxy of DTCEXdHndviNSxHj8X9vS7Rhpd5X3uGfB928HUD8b8vPq7z, a wallet that:

Holds 5,410 KSM bonded across 16 validators on AssetHub Kusama

All 16 validators charge 40% commission, have zero self-stake, zero on-chain identity, and are in blocked vote status

Operates through 6 staking proxies, all anonymous

Has no on-chain identity set on any of its associated accounts

This is not a casual community member expressing a preference. This is a well-funded, operationally sophisticated participant choosing to remain completely anonymous while wielding enough voting power to override 18 community members.

This is not the first time — it’s a pattern

This same entity has now blocked Bloque three times in a row, using the same proxy wallets from the same parent account:

Ref #634 — Rejected (49.2% Aye / 50.8% Nay)

Two Nay voters — both from the same proxy network:

Account | Capital | Conviction | Votes
HCpm...Jkep | 25,000 KSM | 2x | 50,000 KSM
DSdz...jgHS | 15,000 KSM | 1x | 15,000 KSM
Total | | | 65,000 KSM

Both HCpm...Jkep and DSdz...jgHS are staking proxies of the same parent wallet DTCEXd...Pq7z (searchable on AssetHub Kusama Subscan). 23 community members voted Aye (~62.96K KSM). This one operator used two of its own proxies to overpower all of them.

Ref #629 — Rejected (49.1% Aye / 50.9% Nay)

Rejected by less than 2%. The top 4 Nay voters each used exactly 1,667 KSM at 6x conviction (10,002 KSM each), totaling ~40,008 KSM. The identical amounts suggest coordinated action — possibly the same operator using yet another set of wallets.

Ref #638 — Currently Active

Back again: HCpm...Jkep casting 50,000 KSM Nay against 18 Aye voters.

Three proposals. Same wallets. Same entity. Zero explanation. Zero identity. Zero comments left on any of them.

Why blocking Bloque hurts Kusama

I want to address something important: Bloque settles on Kreivo, a Kusama parachain that uses KSM as its native token. Every transaction processed through Bloque generates fees that flow back to the Kusama network. We are literally paying the network to use it.

Here are the facts:

$405K+ in real payment volume since November 2025, with 4,300+ transactions

30%+ week-over-week growth

4 fintech customers live or integrating (ColocaPayments, Tikin, Beu, and more)

We are paying back 0.2% daily to the treasury on every Visa settlement (verifiable on-chain at account F3opxRbN5ZbjJNU511Kj2TLuzFcDq9BGduA9TgiECafpg29 on AssetHub Kusama Subscan)

Real-time metrics anyone can verify at metrics.bloque.app

Voting against the only project bringing real-world revenue into Kusama — while running 16 anonymous validators extracting value through 40% commissions — is contradictory. We are building the demand side for KSM. More Bloque volume = more Kreivo usage = more KSM fees = a healthier network for everyone, including validators.

What I’m asking

To the operator of this wallet: I genuinely want to understand your concerns. Here’s what I’m asking:

1. Start a conversation. Leave a comment on Ref #638, reach out on Element, or message me on X (@davidbarinas). I’m open to any channel.

2. Share your reasoning. If there’s a legitimate concern about Bloque’s approach, funding structure, or technical direction, I want to hear it and address it.

To the Kusama community: I believe governance works best when it’s transparent and deliberative. One anonymous entity blocking proposals without explanation undermines the trust we’re all trying to build. If you believe in what Bloque is doing, your vote matters — especially with higher conviction.

The funding request in context

We’re asking for ~$72,000 over 6 months ($3,000 x 4 team members x 6 months). This is a lean team, building in production, with real customers and real revenue. For reference, we’ve already processed 5x our funding request in payment volume, and we’re growing.

The full proposal with detailed OKRs is on Ref #638.

I’ve been coding nonstop — Mondays through Sundays — to keep Bloque moving forward. My code speaks for itself. I’m not going anywhere. But I’d rather build with this community than fight against anonymous resistance.

Let’s talk.

— David Barinas
Founder, Bloque | docs.bloque.app | bloque · GitHub | metrics.bloque.app

9 posts - 6 participants