Expanded & Finalized L1 Task Force Spending Prop for Q2 2023 [v3]

Great proposal. Three revisions listening to and discussing with the community. Having spoken with Bilbo recently, he comes across very professional with deep insight. He also has a simplified way of explaining things in detail which I believe the community will appreciate.

I like that this group is open to onboarding and working with Frag, Vihn and if appropriate Superman.

Seeing as Frag and Vihn have decided to try and remain with previous task force we can only hope they come around and issue a spend prop in the future to on board and work together. That would be ideal and this group sounds open to that idea.

Yes from me

12 Likes

It is HIGHLY disappointing that they prefered to stay with Tgf which is on shakey legal ground (confirmed by Cayman Islands prop), signed off a prop with missing/wanted member Superman (Do Kwon associated), NO NAMED LEAD DEV and a discredited and un-necessary LUNC “Burn” Army (who supported Zaradar being anti Burn Tax).

Rabbis prop is the most LEAN and bare to the bone from all of the props. I only regret not having 2 previous L1 Devs, but it seems it is their choice to refrain from participating. In this case, we should choose this new team and cut any ties LUNC has with Do Kwon and compromised Ed Kims TGF and grift actor Zaradar. We must prove beyond doubt to the IRS and SEC that LUNC is no longer Do Kwons asset.

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This topic is temporarily closed for at least 4 hours due to a large number of community flags.

And what did they do, in more detail? As far as I remember, they didn’t even speak out in favor of stopping USTC distribution.

Does this mean that TGF should return tokens to CP?

Perhaps we should pay @Vegas or promise him some %. So that he works more actively on the return multisig wallet.

I think you’re confusing our L1 team with some other group or organization. :man_shrugging:

Yes, it does. Or if the community wants to be lenient, we could request they finish their Q1 roadmap without billing us further, before submitting newer spending proposals for Q2 (like they’ve done twice now).

That’s beyond the scope of this proposal and L1 work. I think the multisig prop by Vegas is still up on the Agora here, you may want to post the question there. :man_shrugging:

7 Likes

Of course, I am going to vote yes. I want a team focused on making me rich. What do the others offer? Novice devs, bureaucracy, and delays through a grifting project manager, and more grifting. Haha, it’s laughable. Frankly, anyone who doesn’t support an alternative and structured plan for that is just plain mentally challenged.

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How come TGF is compromised?!? Because Ed sought legal advice due to SEC targeting cripto ?!?

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I love that the scope of work is quite detailed and the work experience posts from the devs are a nice touch. Looks like a pretty talented crew. Great work on the revision, voting YES.

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one of the ways TGF is compromised is that they are a non-profit but misused the money and acted like a for-profit organization, they haven’t returned the remaining Q1 money back to the pool. the balance sheets just don’t add up!

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However. If someone said in last summer that we would be do (and spend main funds from CP) only on maintenance of network, instead of developing (returning applications) and repeg actions, I think 99% sold still in September. We have 1.5-2 years.

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Agreed. Parity and chain maintenance is just the first step. We need growth, expansion, utility, a sensible USTC repeg, and upward scaling of development. LUNC is a startup with a $1B mcap - it should be treated as such.

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A big yes from me! Shalom

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Now that you mention it, it’s true that the deliverables for Q1 haven’t all be completed, especially important keypoints like parity. And given the current situation of the L1TF team, especially with Zaradar and Ed gone, and Superman being, according to the rumors, “missing in action” for 6 weeks, it is clear the work on the Q1 deliverables will not resume…

Maybe with a payment in Q2, which, in a way, is taking the upgrade hostage, if I may exagerate (a bit). I may be mistaken, and please anyone correct me if some public statements prove otherwise, but I saw no declaration showing an effort, or even the wish, to keep right on to the end of the development of the promised deliverables, or to refund a part of the budget to the CP.

The least that could be done given the situation would be to indeed return part of the initial budget, but the wallet doesn’t hold it anymore, it has already been withdrawn, iirc.

Hell, even a corporate apology would be better than to say, or rather, pretend, that the Q1 has been completed successfully.

I would have to check the prop for myself later on, but it seem that nothing came out of it yet, and that may be for the better as these funds have been, in my opinion, irremediably tainted by their association with Do Kwon.
Of course I would be glad if these funds would be put to good use, but I fear that may involve trouble !

1 Like

Please, put all those sheets numbers and proof of misuse of funds. That’s the right way of doing it (if you are doing it)

There’s over $30,000+ missing from there (in addition to the $10,000 unreturned listed there).

And they have the gall to ask for $125,000 in Q2 despite not finishing Q1. Superman is also an international fugitive (ex-TFL tied to Do Kwon), and TGF paid him despite knowing that. If all of that wasn’t damning enough, TGF is also in violation of its 501C3 (non-profit status).

Anything else you’d like to know?

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@wagnerdalcin Alright, you asked for data and you have them now. What will be your next mental gymnastics?

May I ask why non of them has good experience on the Cosmos and Terra chains?

I’m saying this objectively notwithstanding the fact that Rabbi has been condescending to many including myself, but credit where credit’s due, this is a much better proposal than the recently amended L1TaskForce proposal.

It is cheaper, has more developers, has better payment schedule to the benefit of the investors, and it does not ask for payment for placeholders or developers that have been MIA.

8 Likes


Jesus christ… This sums it all. In what scenerario does people think this is good?

-The same Terra scammers playbook of asking people to get paid while away/not doing anything at all (Superman, Tobias Andersen) ,
-plus Undisclosed “junior devs” (who probably never existed anyway)
-also who needs a “project janitor” getting paid $5k? NOBODY WANTS discord esque/Style mods. WE NEED MORE DEVS, CODERS, NO more “MANAGERS”(another word for discord mods ) NO Shady orgs (TGF) .

                                               TL:DR   VOTING YES TO Rabbi's prop
                               LET'S  GET LUNC TO 1 BEFORE THE BULL RUN LEAVE US Due to scam 
                                                           props and twitter dramas
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UST Equivalent

1600000

80000
160000
16000
80000
40000
3472
4926
160000
80000
160000
160000
160000
6975
4650
6975
6975
6975

Your implication is wrong. When the agora and governance proposal went up, the value of the proposal was roughly $65,000. From the time the governance was approved along with the monthly distributions, the price has down hence why your $30,000 missing accusation is false, wrong, improper, inaccurate, shortsighted, unintelligible, etc., etc., etc… The focus is the USTC distribution amounts for each budget line. Those amounts are true and accurate. The remaining USTC is slated to be returned to the community pool at the end of this month. It should be valuated at around $10,000 but make sure you look at the price action as it can go up or down. If you need help with this…let me know.

4 Likes