I really appreciate the proposal, but, before we discuss the proposal, can we discuss you for once?
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You just wrote a Medium article saying that you are aligning yourself with objectives which are different from Luna Classic’s. This is 3-4 days back. I can see this proposal here today. I don’t know exactly what to think. A little clarification on your position in the community currently would be really helpful. Cause to come up with this proposal would have taken more than 3-4 days. So were you writing this during the time you were also writing that article? This doesn’t make sense to me at all apart from the fact that this is written by someone else and you are propagating it. That should not happen, and the person who will remain in charge of TGF after you, should be the one who should be proposing this legal plan.
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I hope you know that this forum, where you are posting this proposal, is operated by TFL. All assets currently belong to TFL. The logo of Terra Luna Classic also officially belongs to them. You would be naive if you think that they will just give away all of this because some community members said so. It doesn’t work like that legally without an actual transfer of assets. And we are talking about 800 million dollars of assets. I wish to see a letter from this law firm stating clearly that they have already talked to TFL and they will be able to undertake this monumental task. Before that, I wish to see a letter from them stating where they “think” where all the LUNC is - they simply need to account for every single LUNC and write it on a piece of paper and give it to us. If they manage to do this, then they will be able to get the assets transferred to the Foundation Company you are talking about
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You have not mentioned who are the directors of this Foundation Company in the Cayman Islands. You have also not mentioned who is representing this company? Are you representing this company? And you will be able to take up this responsibility along with all other responsibilities you currently have? Is this person going to work full-time for the company/community? What are the educational qualifications of this person and which country do they reside in currently?
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It seems to me that this is a proposal that TGF came up with. TGF was commissioned by the Terra Luna Classic community to fund projects which are native to the chain. That would include L1 development as well. It would be helpful if you could provide the community with the list of projects that TGF has funded till now and an account of where the money has been used for till now. This will help us judge whether this proposal should be went ahead with TGF or not. Currently, I have serious doubts on the functioning of TGF. I do not think it should be diluted. Instead, I think it should be reviewed
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This proposal obviously is a move towards centralisation rather than decentralisation. I personally joined the Terra Luna Classic community and began working on it, and submitted two proposals for discussion here, because the decentralised character of the chain resonates with my idea of a blockchain. I could very well as move to Ethereum or Solana and develop on it. But I am here because this is decentralised. The plan that I have submitted appoints a community sentinel. I have mentioned in that proposal that Terra Luna Classic needs to be registered as an entity at some point of time. I didn’t write - do it NOW. I do not think this is the most important thing to do currently in the journey of Terra Luna Classic since there are probably a million things to do before we get to that point. I believe this proposal is early, and if the plan is to transfer assets from TFL to the community, then that isn’t mentioned in this proposal at least