69,583.910 HBD funded
Fourteen @valueplan transfers reached @qmwallet between May 2024 and October 2025. The wallet history reconciles the full amount through conversion and market operations.
Evidence notebook 04
Work reported.
Vendor ledger missing.
A chain-to-outcome examination of CWP LATAM: the gravity-fed Venezuela water line, its Value Plan funding, reported physical delivery, exchange path and missing public reconciliation.
004Editorial data composition · not evidence
CASE FILECWP LATAM / VENEZUELA
- Value Plan funding
- 69,583.910 HBD
- Exchange path
- 296,879.261 HIVE
- Project reports
- 12
Scope note
“Hive well” is the project’s public branding. Value Plan itself says the Venezuela installation is not a drilled well: it is a gravity-fed line carrying water from a mountain stream to a village, later paired with tank restoration. This file uses the physical description when testing costs and outcomes.
01
Executive finding
Observable construction; incomplete public accountability
The public chain cleanly establishes funding, conversion and exchange deposits. Party-published reporting supports substantial physical delivery and an operating tap. The record does not publicly reconcile exchange withdrawals to vendors, certify the installation or demonstrate the later monitoring system.
Bottom line
This is evidence of a real project with an unresolved financial and outcome record. It supports demands for invoices, engineering records and measurable follow-up. It does not establish theft, fraud or personal enrichment.
Physical work is party-documented
Twelve organizer posts show hose installation, temporary taps and tank work. Value Plan later marked the project concluded. These records support delivery, but are not independent engineering or outcome verification.
The public trail ends at Binance
The converted funds left @qmwallet in 40 HIVE transfers to an account publicly documented as a Binance address. Hive cannot identify the exchange customer, vendors or later fiat expenditure.
No public monitoring proof
After the final project post, 8,169 HBD was funded for sensors and a monitoring proof of concept. No later installation report, telemetry page or public dashboard was located.
Evidence boundary
Three records answer three different questions.
Proves dates, amounts, assets, accounts, conversion operations and the path to an exchange collection account.
Shows the organizer’s construction narrative, photographs, completion claims and Value Plan’s own classification. It is not independent certification.
Should establish water quality, service reliability, beneficiaries, ownership, maintenance and attributable Hive return. That record was not located publicly.
02
Financial forensics
A complete chain reconciliation—and an off-chain dead end
No standalone CWP LATAM DHF proposal was located. The project was funded from the commingled @valueplan account under broader quarterly proposals, so individual water-project outflows cannot be assigned responsibly to one proposal tranche.
Funding origin
No dedicated proposalProject outflows came from a commingled Value Plan balanceValue Plan’s quarterly proposals funded many unrelated activities. Because assets in the operating wallet were fungible, this file does not assign a specific CWP LATAM payment to one incoming DHF proposal instalment.
Proposal 300Q2 2024 · 300,000 HBD requested
Proposal 335Q1 2025 · 250,000 HBD requested
Proposal 345Q2 2025 · 250,000 HBD requested
Proposal 351Q3 2025 · 250,000 HBD requested
DHF-backed umbrella
@valueplan
Fourteen transfers with CWP LATAM water, tank, merchandise, sensor and monitoring memos.
Download funding ledgerProject wallet
@qmwallet
20,000 HBD went through two protocol conversions; 49,583.910 HBD sold through internal-market orders.
Inspect reconciliationPublic trail ends
Binance path
Forty transfers reached @bdhivesteem under two deposit memos. The account is publicly documented as a Binance address, and a representative transfer is forwarded to @binance-hot2. Hive does not reveal the customer or later spending.
Download all 40 transfersRepresentative onward transferControl total
The wallet history balances to five thousandths of a HIVE.
The 0.005 HIVE difference is an unrelated bot transfer. It closes the arithmetic between conversion output and outbound deposits; it does not say how any exchange withdrawal was ultimately spent.
Two funding memos named contingencies totalling 800 HBD. No return from @qmwallet to @valueplan appears on-chain. That establishes no on-chain return—not whether the contingencies were used, refunded another way or still reconciled privately.
StageOutput / destination
Value Plan funding14 transfers · input 69,583.910 HBD69,583.910 HBD@qmwallet
Protocol conversions2 requests · input 20,000.000 HBD67,948.216 HIVE@qmwallet
Internal-market sales109 orders / 820 fills · input 49,583.910 HBD228,931.040 HIVE@qmwallet
Unrelated bot dust1 transfer · input —0.005 HIVE@qmwallet
Exchange collection40 transfers · input 296,879.261 HIVE296,879.261 HIVE@bdhivesteem
Current liquid balanceAccount snapshot · input —0 HIVE / 0 HBD@qmwallet
Funding by year
Raw HBD received
2024
42,524.000 HBD
2025
27,059.910 HBD
Memo-intent classification
What the transfer memos said
Access line + completion
47,605.95 HBD
Tank restoration
8,506.46 HBD
Standalone merchandise
5,302.50 HBD
Sensors + monitoring
8,169.00 HBD
A memo records intended purpose. It is not a receipt, vendor payment, unit-price schedule or proof of final delivery.
All fourteen Value Plan funding transactionsExact amounts, stated purpose and direct chain link
| Date | Amount | Memo purpose, summarized | Phase | Record |
|---|---|---|---|---|
| 14 May 2024 | 10,000.000 HBD | Partial payment for construction materials | Before first report | Transaction |
| 9 Jun 2024 | 10,835.000 HBD | Remainder of payment for construction materials | Before first report | Transaction |
| 30 Sep 2024 | 7,556.000 HBD | Hose connections, materials, logistics and transport; 500 HBD contingency | Access line | Transaction |
| 3 Nov 2024 | 7,000.000 HBD | Additional materials for remaining distance | Access line | Transaction |
| 28 Nov 2024 | 3,353.000 HBD | Final materials; memo says original-project labour was donated | Access line | Transaction |
| 10 Dec 2024 | 2,580.000 HBD | Volunteer transport, logistics and minor supplies | Access line | Transaction |
| 28 Dec 2024 | 1,200.000 HBD | Remaining logistics omitted from prior payment | Access line | Transaction |
| 31 Jan 2025 | 420.000 HBD | Minor logistics between installation phases | Completion | Transaction |
| 24 Feb 2025 | 4,661.950 HBD | Completion, transport, joints, Hive merchandise, conversion and 300 HBD contingency | Completion | Transaction |
| 11 Apr 2025 | 4,925.960 HBD | Tank materials, tax, engineer, transport and volunteer logistics | Tank restoration | Transaction |
| 15 May 2025 | 3,580.500 HBD | Tank sealing, cement, paint, sand, tools and volunteer logistics | Tank restoration | Transaction |
| 15 Jun 2025 | 5,302.500 HBD | Large branded-merchandise order | Promotion | Transaction |
| 4 Sep 2025 | 3,640.000 HBD | Sensors and materials to integrate the installation with Hive | Post-completion | Transaction |
| 16 Oct 2025 | 4,529.000 HBD | Components and logistics for monitoring proof of concept | Post-completion | Transaction |
Cost-per-metre is only a rough scale indicator.
Using Value Plan’s claimed 7,000-metre route, funding through February 2025 is about 6.80 HBD per claimed metre; all phases are about 9.94 HBD. Neither is a pipe unit price: the tranches include logistics, conversion, merchandise, tank work and monitoring. A beneficiary cost cannot be calculated without a census.
03
Delivery and outcomes
The photographs support that work occurred—not that every deliverable held
The organizer’s twelve posts form a useful construction diary. They support a narrower conclusion than either “nothing was built” or “the project is fully verified.” Each delivery claim still needs the corresponding operational record.
ItemPublished claimObservable recordStill needed
Route
Approximately 7,000 m using 70 hose rolls
Organizer posts show staged installation; Value Plan repeats the final figure.
As-built route survey, material schedule and independent engineering sign-off.
Water service
Two temporary dispensers and an operational community tap
March 2025 posts show running water and describe a gravity-fed system without a pump.
Flow, uptime, outage history, laboratory water test and post-handover operating record.
Storage
Restoration of a 140,000-litre tank
A July 2025 organizer report shows tank work and the claimed capacity.
Capacity certification, ownership, handover, operator and maintenance budget.
Beneficiaries
Six communities directly and seven indirectly
The figure appears in organizer reporting and is repeated in Value Plan’s project narrative.
Complete named community list, household baseline, beneficiary census and definition of direct versus indirect.
Ecology
More than 200 bamboo plants
Planting is described and photographed in organizer posts.
Location register, survival rate and follow-up inspection.
Monitoring
Hive-linked sensors and a monitoring proof of concept
Two post-completion funding memos total 8,169 HBD.
Bill of materials, installation proof, telemetry, repository or public dashboard.
Independent context
Rainfall does not settle the need question.
A rainy region can still lack safe, reliable distribution. Local reporting from the same municipality documents water contamination concerns, which makes the broader need plausible—but does not verify this project, its households or its results.
Read the local reportWallet governance
The setup shows association—not control.
@qmwallet was created on 3 March 2024 via @spaminator. Seconds later it voted for the @guiltyparties witness.
The wallet requested @guiltyparties as recovery account, effective one month later. Recovery authority is not the same as holding active spending keys.
Value Plan’s public reports sheet maps @qmwallet to @crazy.men, Venezuela and the social-impact project. The Binance subaccount owner remains unknown.
04
Activity and claimed return
Content engagement exists; beneficiary retention was never measured publicly
The available activity series is about the twelve organizer posts—not water users. Vote records, comments and post rewards cannot be converted into households served, service retention, onboarding or marketing return.
Publication cadence
Root posts by active month
Sep ’24
1 post1 vote records
Nov
1 post0 vote records
Dec
1 post1 vote records
Jan ’25
1 post42 vote records
Feb
1 post23 vote records
Mar
5 posts617 vote records
Jul
2 posts46 vote records
Concentration
One post carries most visible vote activity
423
Positive vote records on the 95%-completion post—423 of 730 across the case series.
23 Jul
The final organizer root post precedes the two sensor-and-monitoring funding tranches.
Not published
No beneficiary panel, onboarding cohort, referral tracking or 30/90-day Hive retention series was located.
The posts contain 123 image references. Images help corroborate visible work, but repeated images, votes and rewards are not a reach or outcome measurement system.
Historical Venezuela concentration is real—but broader than this case.
Value Plan’s own 2023 quantitative-review table assigns Venezuela 143,607.805 of 347,845.443 in 2022 (41.3%) and 406,093.877 of 1,105,117.926 in 2023 (36.7%). The table labels these figures “Amount,” so this file does not silently relabel them HBD. It also covers many Venezuelan activities, not only the water project. The concentration is a governance and comparative-return question, not proof that each Venezuelan expenditure lacked justification.
Inspect Value Plan’s review
05
Chronology
Funding began four and a half months before public reporting
The sequence matters: initial prefunding, staged construction reporting, a completion declaration, merchandise, then monitoring funding after public project updates stopped.
@qmwallet is created
The new account immediately votes for the @guiltyparties witness and requests @guiltyparties as recovery account. That is an administrative association, not proof of who held its spending keys.
Account creation transaction20,835 HBD arrives before any project report
The first two material tranches were funded and converted months before the first organizer publication.
First funding transactionFirst public project post
The organizer describes Quebrada de Mono, an approximately five-kilometre mountain route and 73 mm, 150 PSI hose. It appears 136 calendar days after initial funding.
Read the first report60% and 3.5 km claimed
The project report says 35 rolls were installed and approximately 1,800 volunteer person-hours contributed.
Read the progress report90% completion claimed
The organizer reports 25 additional rolls and approximately 5,040 volunteer person-hours after 14 weeks.
Read the January reportValue Plan says it is not a well
The Q1 proposal describes a far more extensive gravity-fed water line from a mountain stream to a village. “Hive well” is therefore branding, not an accurate engineering description.
Read the Value Plan descriptionTemporary taps operating; 95% claimed
A sequence of organizer posts says water reached two dispensers, then describes a gravity-fed community tap and tanker filling without a pump.
Read the operational-tap post8,506.460 HBD funds tank restoration
Two tranches name tank materials, an engineer, tax, transport, sealing, cement, paint, sand, tools and logistics.
Inspect the first tank transactionTank report, completion claim and final organizer post
The organizer reports restoration of a 140,000-litre tank. Value Plan says approximately seven kilometres and 70 rolls were completed. The final organizer post focuses on merchandise design.
Read the tank report8,169 HBD funds sensors and monitoring
Two further tranches arrive after the final project post. No later public installation report, telemetry or dashboard was located.
Inspect the first monitoring transactionValue Plan classifies the project concluded
The quantitative review and linked reporting sheet mark CWP Venezuela concluded while Value Plan says future social projects will emphasize documentation, publication and process.
Read the 2026 review06
Public discussion
Criticism, response and the narrow public finding
Public comments raise legitimate maintenance, receipt, wallet and KPI questions. Some descriptions overreach the record. This table separates the criticism, the available response and what the evidence can actually support.
IssueCriticismResponse / contextPublic-record finding
What was built?
Critical commentary repeatedly describes a drilled borehole and questions the need in a rainy region.
Value Plan says the project is a gravity-fed mountain-stream line, not a borehole. The organizer says rainfall and water access are different problems.
Public posts show hose, terrain and taps. They do not include an as-built survey, engineering sign-off or water test.
Where are the receipts?
Proposal commenters ask for financial statements, receipts and project KPIs.
Value Plan says it retains invoices and has discussed safer or redacted sharing for partner records.
No project-specific public invoice package, vendor ledger or budget-to-actual statement was located.
Who controlled the funds?
Commentary questions the identity and control of the project wallet and its exchange withdrawals.
The public reports sheet maps @qmwallet to @crazy.men and Venezuela; a named Value Plan manager is the recovery account.
Recovery settings establish an administrative relationship, not spending-key control. The exchange beneficiary is not visible on Hive.
What return was measured?
Commenters question whether Value Plan projects publish measurable results for Hive.
Value Plan presents the project as social impact plus digital publicity and future NGO or partner outreach.
No attributable onboarding, retention, referral, media-impression, brand-lift or cost-per-beneficiary series was located.
07
Claim test
What the record does—and does not—establish
Each conclusion is deliberately narrower than the allegation around it. New primary records can change these findings.
“Value Plan funded a Venezuela water project.”
Established
Fourteen transfers from @valueplan to the named project wallet total 69,583.910 HBD.
“The project was a drilled well.”
Contradicted
Value Plan explicitly says it was not a well, but a gravity-fed stream-to-village water line. The project also included tank restoration.
“Nothing was built.”
Not supported
Party-published posts document substantial physical work and operating taps. Independent certification and long-term performance evidence remain absent.
“Every HBD can be matched to public vendor spending.”
Not established
The chain reconciles conversion and exchange deposits, not later vendor payments, invoices or fiat use.
“The sensor and monitoring system was delivered.”
Not established
The funding is exact. No later public deployment proof, bill of materials, telemetry or dashboard was located.
“The public record proves theft, fraud or personal enrichment.”
Not established
The record supports a transparency and outcome-verification finding. It does not identify the exchange customer or prove improper personal use.
Minimum accountability package
The records that would close the case
- Exchange-to-vendor and cash-disbursement ledger
- Project-specific invoices and proof of payment
- Final material schedule and as-built route survey
- Independent engineering completion certificate
- Laboratory water-quality results and test dates
- Complete community list and beneficiary baseline census
- Ownership, handover and maintenance responsibility
- Service uptime, flow and outage record
- Sensor bill of materials and deployment proof
- Live telemetry or monitoring-system dashboard
- SMART goals and budget-to-actual reconciliation
- Attributable publicity, onboarding or partner outcomes
08
Sources and method
Follow the public record yourself
Direct transactions, full derived ledgers, party publications, Value Plan reports, criticism and independent local context are separated so readers can reproduce or challenge the analysis.
Funding and custody
Project reporting
Value Plan record
Context and scrutiny
Complete wallet history
All available @qmwallet account-history operations were classified—not a sample of selected transfers.
Asset-preserving arithmetic
HBD funding, conversion output and HIVE exchange deposits are reported in their native assets. Memos are treated as intent, not expense proof.
Party record labelled
Organizer and Value Plan claims are cited as their reporting. Visible construction is not silently upgraded to independent certification.
Negative findings bounded
“Not located” means absent from the public sources reviewed as of the snapshot—not proof that a private record does not exist.
Correction standard
Primary records can narrow, revise or overturn this file.
A project-specific vendor ledger, redacted invoice package, water test, engineering sign-off, beneficiary baseline, maintenance handover or monitoring deployment record would be material. Any correction should preserve the distinction between on-chain fact, party statement, independent verification and unresolved inference.