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FatManTerra's profile
FatMan
FatMan
FatMan
@FatManTerra

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FatMan

@FatManTerra

FatMan from the Terra Research Forum I provide research, updates, and analysis on the Terra situation as it unfolds. Views are my own opinions.

fatmanterra.eth
Joined May 2022

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    1. FatMan‏ @FatManTerra May 21

      What does the community feel about a massive decentralized legal fund war chest (raised by issuing governance tokens) to help UST victims seek restitution against TFL via a class action filed in Singapore? Token holders vote on major decisions and are rewarded if the case wins.

      60 replies 35 retweets 169 likes
      Show this thread
    2. ghostizbud‏ @GhostIzbud May 21
      Replying to @FatManTerra

      Need more details. What chain based - if eth then too expensive, if Luna Classic - DK will screw it. Then, airdropped to class participants based on $ value, or purchased by class participants? If so, whales might take over, or even DK himself? Governance attack would be real.

      1 reply 0 retweets 0 likes
    3. FatMan‏ @FatManTerra May 21
      Replying to @GhostIzbud

      The token itself will not be given to UST holders - the token is for litigation financers to vote on decisions - the money that goes to restitution will come from TFL's bank account directly to victims (who will probably be arranged in an SPV)

      1 reply 1 retweet 5 likes
    4. ghostizbud‏ @GhostIzbud May 21
      Replying to @FatManTerra

      Litigation financiers having impact on decisions? Could lower cost indeed (less risk), yet could drive wrong decisions? What if TFL buys financiers out? Governance attack - likely. If there is a way to do it DK authoritarian style 😂 why not! I don’t like how you vote, bum!

      2 replies 0 retweets 1 like
      FatMan‏ @FatManTerra May 21
      Replying to @GhostIzbud

      This is a great point TBF - I doubt TFL will try to fund an action against themselves, but I'll admit that stranger things have happened.

      6:00 PM - 21 May 2022
      • 5 Likes
      • HotDurian jmo 🌱 Alone in the Idiocracy SEA-Captain Hallmarc 🇺🇦
      1 reply 0 retweets 5 likes
        1. New conversation
        2. ghostizbud‏ @GhostIzbud May 21
          Replying to @FatManTerra

          Fund a diversion of action in the better direction for TFL. Why not? If it were a real immutable DAO, and if I were TFL, I definitely would do it.

          1 reply 0 retweets 0 likes
        3. ghostizbud‏ @GhostIzbud May 21
          Replying to @GhostIzbud @FatManTerra

          Immutable in a sense that any decision is final and irrefutable, no other action possible for the class. I as TFL would right away buy 51% of tokens cheap.

          1 reply 0 retweets 1 like
        4. Show replies

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