At this point he’s just spreading made up stories supposedly coming from verified insiders and high-level whistleblowers rotflmao
Either popularity got to his head or this was the plan all along
Well the story about Korean police going after the LFG and freezing their assets is real so…
And why are you so against going after attackers who were moving billions of $ to attack Luna?
We still haven’t seen any proof that ‘billions’ were moved in an attack have we? While it’s a common claim, has this event been independently confirmed by anyone as an attack?
I’m still interested to see this post mortem.
Not pointing out tripping up on terminology, I’m sure I am at times. Even Do has regarding the revival plan. Is it a fork, is it not a fork?
Note: The revival plan is not proposing a “fork” of the existing chain, but rather the creation of a new one
Do - 10/ Call to action: we encourage Terra developers to signal support & commit to build on the fork on public channels ASAP.
It’s a different point, but I still find this strange. Not a fork, but taking the name and renaming the original… Any precedent for that?
1 Like
Pretty much planned especially with simple one line slogans like this which are the essence of propaganda. This guy is the QAnon of Terra, taking advantage of emotionally desperate people to manipulate them.
1 Like
It’s just wierd this guy started tweeting and posting proposal here just after the crash and has no history before
1 Like
This thread has been absolutely fantastic to read and I am looking forward to reading more - thank you for making my day
10 Likes
do we need any further confirmation that this guy is a plant? MSM = CIA since Operation Mockingbird and even before that. Shocker they contacted him already and he’s still pretending to be a “man of the people,” not.
Well, looks like Terra 2.0 is either gonna be aborted or be taken over by the CIA if the gullible public believes this psyop, which they most likely will like every other psyop that has come before.
Was nice knowing you Terra and Defi in general. Wish my warning was heeded back in December against the attackers. Who’s ready for some TradFi on steroids posing as Crypto DeFi? World Economic Forum is currently meeting in Davos and are discussing CBDCs, the Metaverse, and more attacks on proof-of-work as part of their 2030 “You will own nothing, have no privacy, and be happy” agenda.
Sudden rise of Glowman to make the kiII shot on Terra while it’s trying to get off the ground is no coincidence imo.
Yes Glowman, enjoy your day. You did indeed “kiII” it.
2 Likes
Your argument has moved from conjecture to scattershot conspiracy theorist. I’m off.
1 Like
“Are you not entertained” 
Two issues I’m observing here to help dig out in a bootstrap way. [Das Boot and the Strait of Gibraltar]
• Allow Emergency Delegation during staking halts [Proposal 1385]
• Decouple MINTING from BURN. Terminate the mint process so that UST and LUNA can act independently for X time. Whatever funds can be recovered, back UST to help re-peg.
Their team appears to have lost total control of the governance process in an emergency situation. Crypto Chernobyl.
Thanks!
Six months ago it was a “conspiracy theory.” Today it is conspiracy validation.
Nonetheless, it remains quite an amazing “coincidence” how little interest there is in the original attackers, especially by the so-called “media,” in uncovering the identities of the obvious KYCed institutional attackers who were allowed to launch their attacks from major exchanges and Twitter (violating their ToS in the process) and run away with untold amounts of retail’s money.
1 Like
Thanks for your existence, @FatMan !!!
Is incredible that still exist cultist of Terra after what happened.
More incredible that establishment hasn’t run out of money from paying so many shills. I guess that’s what happens when you control the money supply.
Where were all these shills when Mirror came under attack 5 months ago to talk security?
1 Like
But I support the existence of a new Terra chain…
1 Like
A new Terra chain under TradFi; perhaps it should be called TradFi Luna.
Do you support identifying the original attackers? Will you publicly question in the media how the large KYCed attackers were allowed to simultaneously leverage Binance, Gemini, and Twitter to launch the initial attack, violating the Terms of Service of all three platforms, without having their accounts frozen for suspicious activity or suspended per their own policies?
Will you make those demands on Binance, Gemini, and Twitter to explain themselves and call for a real investigation of all three to help retail get their money back from the large attackers?
I do support the attackers being outed. The attack didn’t start on exchanges - it started on a Curve pool - that’s why they’re hard to track down
1 Like
From your reply in your other thread, which you inappropriately entitled “Why My Faith in Terra Increased AFTER the Attack on Luna” (archival snapshot):
That’s some “faith” you’ve got there!
In substantial essence, you have “faith” in a project that you “know is going to get nuked”. You “got burned”, and you think that others shouldn’t invest—and yet, you are now manning the ramparts to defend Terra. Well, no matter. You are “just here for fun and games” (!).
Anyone who considers your opinion is a real lunatic.
Newsflash: Shorting a currency is not illegal. If it were, then Soros would be in prison.
Pegs are a hard problem. A currency peg needs to be able to withstand this type of attack. Do Kwon called himself and still calls himself the “Master of Stablecoin”. He was supposed to solve this problem with the algorithmic wizardry of the Terra peg. He expressed full confidence that the peg would be restored, at least as late as May 11. Many people trusted him, including me.
Why are you trying to let him and TFL off the hook, and divert people into a fool’s errand of nonexistent remedies that all England couldn’t pursue against Soros? Is it your idea of “fun and games”?
(Much though I personally hate anyone who shorts Bitcoin… sigh.)
Apropos the thread topic, I will substitute a better question: Who is @wlawyer, @wassielawyer on Twitter?
The moderators here have not objected to a thread that blatantly seeks to dox @FatMan. Therefore, I am sure they won’t mind my asking for tips here: Anyone with information about @wlawyer/@wassielawyer, please see my website for my email and PGP key.
@wlawyer has presented himself as a faux Mr Reasonable, pretended disinterest, given a boatload of bad legal advice under the cover of some worthless disclaimers, and thus greased the skids for TFL to convert perfectly legal, fungible virtual asset tokens into what is constructively an illegal unregistered security—replete with retroactively imposed shareholder classes, all substantively based on paid-in equity.
That’s the injury. Atop it, the insult is that once he drops his nice-guy mask, @wlawyer shows the arrogant contempt for retail investors that illustrates why they get screwed by “tradfi”. Someone who is trying so hard to engineer a regulatory disaster for all cryptocurrency should take stock (so to speak), and realize that he is in no position to bandy about low-grade, broad-brush insults ad maximam nauseam.
As for him, at the very least, the relevant bar needs to see some complaints about this. That is, of course, if he even is a lawyer as he proclaims, and not just “playing lawyer on the Internet”.
More generally, the SEC also needs to hear about this—as do the securities regulators in other jurisdictions. I hate to say that. I do not like running to the SEC, et al. I discussed this briefly in my tweet thread, which Twitter suppressed. In this circumstance, I do encourage non-anonymous parties with lawyers to get the securities regulators involved ASAP.
Those of us who care about crypto need to get out in front of this: If TFL creates an unregistered security (as the hardfork will do), and exchanges start trading it, then the future regulatory fallout for all crypto could be immense. That would be unfair and unjust. But more oft than not, that’s just how the world works. A prompt crackdown by securities regulators could limit the damage: Let them take down Terra now, so that innocent projects don’t suffer later.
If the hardfork occurs, then Terra will have retroactively created four separate classes of quasi-shareholder stock based on some notion of capital contributions. That’s what this is—de facto, constructively, in substance, no matter how anyone may mince words to evade that substance. That’s how every judge will see it, on grounds of, “It looks like a duck, walks like a duck, and quacks like a duck.”
-
Class A stock: LUNA holders who purchased and staked before a given date—the magic date being based on market price, as a proxy for paid-in equity. These shares have had post-crash, pre-fork voting rights. Thus, they can make self-interested votes for the fork—to the detriment of Class C and Class D shareholders. Post-fork, they will receive disproportionately much larger amounts of new tokens.
-
Class B stock: LUNA holders who purchased before a given date, but did not stake. These shares receive the same proportions of post-fork token as Class A shares, but they have no voting rights between the crash and the fork.
-
Class C stock: LUNA holders who purchased after a given date. They are deprived of pre-fork voting rights. Post-fork, they will receive drastically lesser proportions of new tokens on the theory that, in TFL’s arbitrary opinion, they paid-in inadequate capital contributions.
-
Class D stock: UST holders. They have no pre-fork voting rights. Post-fork, their $1.00 IOUs will be arbitrarily converted to volatile, largely locked and illiquid shares in the new Terra enterprise going forward. Note that this is also Terra’s conversion of a liability, which Terra’s past marketing materials have explicitly advertised as a “liability”, into an asset: Post-fork, UST holders’ notional capital contributions will be balance sheet assets for Terra, instead of debts they must repay. Whence I come, such a sleight-of-hand is called theft.
Thanks to @wlawyer for almost explicitly spelling this out in his forum posts, on Twitter, and now on Substack. He purports himself to be a corporate restructuring lawyer, and he certainly treated this as a corporate restructuring of shareholder interests!
For a very recent example (archive with pinpoint highlight of quotation in context):
The Do Kwon Framework consists of splitting the stakeholders up into multiple classes.
I couldn’t have said it better myself, except that “stakeholders” is a flimsy euphemism for “shareholders in the peremptory conversion of fungible tokens to what is constructively an unregistered security”.
@wlawyer is practically making my case for me—and for the regulators who will bite into this, as soon as they realize what TFL is doing here. In the context, @wlawyer speaks of “equity” in a way that glibly slides back and forth between multiple distinct definitions of the word. That is a well-known rhetorical trick. It may fool unsophisticated readers. It does not fool me. I doubt that it will fool a judge.
You can’t have your cryptocurrency-tokens-are-not-securities cake and eat it, too. @wlawyer should also know that shareholders have shareholder rights, which are accorded by law and custom—not by Do Kwon’s whimsy.
6 Likes
possibly a shill, playing his part in diverting the attention from the current Luna, making people think there’ll be a new Luna which will give them back everything they lost through this redistribution. This is pure fantasy, and is clouding/dominating the conversation.
Current Luna is the only real Luna, and its on sale right now…
4 Likes
@FatMan
While it started in the Curve Pool, it continued onto the exchanges (where you have to be KYCed to transact with such large amounts of daily volume) and even Twitter, which requires non-VOIP real phone numbers to register accounts, so really, the attackers are not a mystery to Binance, Gemini, and Twitter. I have pointed that out 100 times now, that the attackers are known if they used major CEXes and dealt with that kind of daily volume.
@Hyperion
I guess sarcasm is not your thing. Yes after I spent significant time defending against the attack on Mirror and the lack of response to my call for going after the attackers, I felt Terra was vulnerable to more attacks since not enough people took the threat seriously. I still liked the project but I felt people did not understand how TradFi would sabotage it. Had my warnings been heeded 5 months ago, this attack could have possibly been fended off. So where were you then?
As I pointed out a 1,000 times, it was not merely “shorting a currency.” the same line used by all TradFi shills. It was market manipulation and shorting was one step in many which also included dum-ping UST on exchanges, draining liquidity pools, and starting a Twitter Fud campaign. That’s a lot more than “shorting a currency.” And yes, Soros is a criminal who should be locked up in a sane world, but since he is establishment, of course he won’t end up where he belongs.
Regarding the attack, anything that is attacked with enough resources can collapse, even BTC with a 51% attack (don’t look now but Blackrock and friends are buying shares in BTC miners).
Ah yet another asinine conspiracy comment from your account. So clever and original.
Actually, it is “a little too much time reading historical documents for over a decade” and then constantly being smeared as a “conspiracy theorist” by people who spend too much time watching TV and YouTube.
Here you go, try it out. Once you get through that, I have hundreds more waiting for you. Also most documents are in the public domain, so no excuses about paying for them.