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There is a particular kind of tragedy in watching a wolf dress itself in shepherd's clothing, not to protect the flock, but to shear it bare.
On the Hive blockchain, a narrative has been woven—a tale of community support, of anti-abuse measures, of curation rewards distributed fairly to those who contribute. But the blockchain does not lie. And when we pull back the curtain, when we trace the flow of millions of HIVE through the labyrinth of wallets, a different story emerges.
This is not a community. This is a cartel. A massive, industrial-scale operation designed to concentrate power, obscure ownership, extract value, and silence dissent while pretending to save the platform.
At Bilpcoin, we expose the truth.
THE POWER STRUCTURE
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Source: @hurt-locker (The Hub)
│
├── Primary Conduits: @cogie-p420, @hungrywanderer, @goldencrow (The Distributors)
│ │
│ └── Function: Receive massive RC delegations, distribute "rewards"
│ ├── Send tiny fractions to users (0.001 - 0.1 HIVE)
│ └── Keep the vast majority for the inner circle
│
├── The Inner Circle (The Beneficiaries)
│ ├── @buildawhale (Receives HP, sends to exchanges)
│ ├── @rubilu (The Laundering Node)
│ └── @abu78 (The Swap Engine)
│
└── The Result: Millions moved, ownership obscured, control retained.
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Analyst Note: @hurt-locker delegates 6b RC to @cogie-p420, @hungrywanderer, and @goldencrow. These accounts then pay out "curation rewards" that are actually just recycled funds from the cartel's own pool (@topcomment). It is a shell game played on a public ledger.
The Evidence:
Look at @cogie-p420. It receives 6b RC from @hurt-locker. It then sends tiny amounts to users labeled as "rewards."
Meanwhile, @hurt-locker holds 593k HP delegated out, primarily to accounts like @skull-gaming.
This is not organic curation. This is a centralized payout system disguised as community engagement.
The true nature of this operation is revealed not in the tiny payouts to users, but in the massive transfers between the whales.
THE LAUNDERING PATH
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Step 1: @hurt-locker receives loans/liquidity from @topcomment & @uswap.
• Example: Received 133.731 HIVE from @uswap.
• Example: Received 4,046.101 HIVE from @mxchive.
Step 2: @hurt-locker sends massive sums to @exchangein & @htx-deposit.
• Sent 5,000 HIVE to @exchangein (multiple times).
• Sent 5,000 HIVE to @htx-deposit-1.
Step 3: @rubilu funnels value to @bdhivesteem.
• @rubilu sends hundreds of transactions to @bdhivesteem (e.g., 181.205 HIVE, 180.916 HIVE).
• @rubilu also sends 2.252 HBD to @blocktrades for swapping.
Step 4: @abu78 converts HIVE to HBD.
• Receives 222.276 HIVE from vesting withdrawals.
• Immediately creates limit orders to sell HIVE for HBD via @blocktrades.
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The Verdict:
The narrative is "We are rewarding creators."
The reality is "We are moving our own assets through a maze to hide our market position and convert volatile HIVE into stable HBD."
When @hurt-locker sends 5,000 HIVE to @exchangein, and @exchangein immediately swaps it on the internal market, no user was paid. It was merely a liquidity transfer to facilitate a swap without triggering external alarms.
While the money flows, the downvotes fall. The same network that claims to fight "abuse" is the very source of the suppression.
They clear the field of competition so the cartel's own content (or the content of those who pay tribute) can rise to the top.
The Hypocrisy:
They claim to be "anti-abuse." Yet their primary activity is the abusive suppression of free speech. They claim to be "community curators." Yet their curation is a closed loop of self-reward.
To the creators who have been downvoted into silence:
You are not alone. Your work was not "abusive." It was simply inconvenient to those who hold the keys to the kingdom.
To the newcomers who arrived with hope only to find a wall of negativity:
It was not your fault. The garden was poisoned before you arrived.
The Exodus is Real.
People are leaving Hive. They are going to Blurt.blog, where there is no downvote button to weaponize against them. They are returning to Steemit, where the downvote exists but is not wielded with such malicious precision by a coordinated cartel.
The blockchain remembers. The ledger is immutable. But the future is unwritten.
You can keep lying.
You can keep labeling your internal transfers as "loans." You can keep calling your self-payments "curation rewards." You can keep downvoting those who dare to question you.
But the ledger remembers.
It records the rhythm of the farm. It tracks the flow of millions from @topcomment to @hurt-locker to @cogie-p420 and back again. It notes the coordinated cadence of the downvote bots, casting hundreds of negative votes in minutes, not against spam, but against specific souls.
It sees the farm. It sees the scam. It sees the mask.
There is a courage in cessation. To stop. To say: I was wrong. I see now. I will do better. These are not words of weakness. They are the architecture of redemption.
But if you choose to persist? If you choose to let the hashtags become your epitaph?
Then let them be written clearly. Let the record show not just the lie, but the refusal to cease. Let the tags stand as markers in the digital dust, signaling to those who come after where the path turned toward shadow.
You can keep lying. The blockchain will keep recording.
And in the end, only one of those two things will remain when the noise has faded.
— Bilpcoin: We expose the truth, so you can confront it.
#HiveBlockchain #CryptoScam #HurtLocker #CogieP420 #Buildawhale #Rubilu #Abu78 #BilpcoinTruth #DeFiFraud #HiveCartel #DownvoteAbuse #BlurtBlog #Steemit