Written by: Rabbi Jebediah (https://twitter.com/RabbiJebediah )
Co-Author: Mr.Baboon (https://twitter.com/Mr_Bab00n)
This is a spending proposal for Q2 2023 that would fund an alternate L1 Task Force to work on LUNC and only LUNC, without wasting the community’s money on side-projects that go beyond the scope of our blockchain. This proposal seeks to minimize the amount of “unnecessary fat” by trimming unneeded expenditures (like “team managers”) while also removing dysfunctional elements (like Tobias Andersen) from the L1 development team. It also seeks to distance the L1 team away from Terra Grants Foundation’s umbrella given the latter’s problems like unsanctioned spending and lack of any grants (despite billing itself as a non-profit grants foundation).
With the passing of Q1, the amount of actual development work on the LUNC blockchain was done by a small group of hard-working people (Superman/InonMan, Frag, Vinh, Ed Kim), while others took the lion’s share of the money and contributed little to not work (Tobias Andersen, Marco/TGF, LuncBurnArmy). With Q2 staring us in the face we still don’t have parity with Luna 2; the last update that was deployed halted the LUNC chain for hours (forcing validators and Jared from TFL to deal with the issue); the upcoming WASM upgrade is a catastrophe waiting to happen; and a host of chain exploits and risks that were reported by Jacob Gadikian of Notional were either ignored or barely acknowledged then brushed aside. The GitHub itself has become a battleground and testament to the hubris of Tobias Andersen who refuses to collaborate while monopolizing control despite LUNC itself being a decentralized $1,000,000,000 asset.
Then there’s also the problem of “feature creep” which has slowly but surely wormed its way into the L1. The L1 Task Force was assembled to do core L1 work on LUNC, but its mission charter has morphed along the way into anything and everything that Tobias and the TGF want done, ranging form their pet projects like the Senate and legal protection for US citizen-affiliates, to side-chains being developed by Prof. Kim, to pointless wastes of time like the “Coding Dojo” (basically a glorified wiki) and Terra Operator (both being pushed by Tobias himself while he takes LUNC money and does minor programming work on the actual chain that’s paying him to develop it). Neither should USTC repeg initiatives nor L2 work/developers be a part of the core L1 development process, nor should either of those come bundled with L1 spending proposals!
THE CURRENT L1 JTF PROPOSAL (Q2 2023)
Here is a list of expenditures submitted by the Terra Grants Foundation:
JUSTIFICATION FOR AN ALTERNATE L1 TEAM & SPENDING PROPOSAL
The currently proposed budget above for Q2 is simply unacceptable! LUNC’s treasury is impoverished, and we lack funding - as such, any money we have must be conserved and spent only on the most critical of work! There’s no room here for $7k/month “project managers”, $7.5k/month phantom “junior devs” (nice try, Tobias!), or $120,000+ “legal liability funds for US citizens”, etc. Nor should the community reward Mr. Andersen by giving him a raise in Q2 despite his lack of contributions and the reckless way with which he FUDs LUNC on social media while constantly screeching about how underpaid he is and threatening to leave if his demands aren’t met…
Then there’s also the issue of him pushing doxxing to turn LUNC into a tradfi instrument:
Here he is clinging to deprecated code, despite continual warnings from Jacob Gadikian:
Then there’s the conflict of interest - he wants to work on Ed’s new AI chain while being paid LUNC:
He’s also pro-merge with Luna2 and doesn’t care about LUNC’s sovereignty:
And he always acts condescendingly toward the very community that pays his salary:
All in all, this is not the type of person who should be getting over $13k/month from the community! As LUNC investors, let us fund and reward productive developers while trimming the fat and removing unproductive or outright harmful elements! With the recent departure of Ed Kim from the L1 team, all future L1 work needs to be focused exclusively on LUNC - this means no comingling of LUNC community pool funds for other side-projects, or lending out our remaining developers to non-LUNC initiatives!
It is for all these reasons that we propose the following changes…
We propose to increase the Q2 compensation for Superman (InonMan), Frag, and Vinh, to reward them for their hard work and keep them with us for the next quarter. Furthermore, to fill the gap left by the departure of Prof. Ed Kim and the removal of Mr. Tobias Andersen, we propose bringing in Bilbo Baggins (senior software engineer/architect) and Jacob Gadikian (senior Cosmos developer and CEO of Notional Labs), both of whom would serve as external collaborators since they already contribute so much, and have helped on multiple occasions already when LUNC needed it most.
Here is the proposed budget for Q2:
$10,000/month for Superman, aka InonMan, x 3 months = $30,000 overall for Q2
$7,500/month for Till, aka Fragwuerdig, x 3 months = $22,500 overall for Q2
$7,500/month for Vinh, x 3 months = $22,500 overall for Q2
$5,000/month Bilbo Baggins x 3 months = $15,000 overall for Q2
$5,000/month Jacob Gadikian x 3 months = $15,000 overall for Q2
Total expenditure for Q2: $105,000 (or 840 million LUNC at a conversion rate of 0.000125)
This money is to be paid out in 2 installments! If this proposal passes, 60% of each developer’s overall Q2 salary would be paid out immediately. Then, after 8 weeks have gone by, the community would once again vote whether to pay the additional 40% depending on how well the L1 team performs! This a much safer and more reliable solution than paying them 100% upfront (and allowing TGF to dictate what’s done with the money via their internal shenanigans)! Partial payment protects community funds, and will also keep the developers motivated to contribute good code and solid work throughout the quarter.
The Q2 roadmap has been outlined here: Joint L1 Task Force Q2
Said roadmap should be pruned of all non-L1 work (Coding Dojo, Community Oversight, etc.)!
If this proposal passes and any of the developers listed above refuse to accept the money or do the work, the funding allocated to them will be split evenly among the remaining developers. If all of them refuse, the money will remain within the community pool.
Vote YES if you agree with the proposed Q2 spending plan for the LUNC L1 team!
Vote NO if you disagree with the proposed Q2 spending plan for the LUNC L1 team!
Thank you for reading, and let us know your thoughts down in the comments below!
Signed by: Rabbi Jebediah, Mr. Baboon
Special thanks: to all our wonderful Frens!