This is a rug waiting to happen… Vote or no vote investors are getting screwed…
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If this was a normal company you would be reimbursed your initial investment and Dani and Omar would be awaiting trail right now. Their assets (i.e. yachts and houses) would be liqudated to make their victims whole.
We need centralised, accountable, physical institutions. Block chain may play a part in accountable physical institutions but man, purely online DAOS? Disaster.
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its not though. They didn’t cause this.
sounds like dani just really wants to wash his hands of this. which means most of us losing money. what about the bet swap gg tokens and coming of ages? does the team just keep that now? those were good investments that id still like to be a part of. i think dani should stay on as one of the multi-sig, bring a team on to help manage, audit, and communicate and we go forward. lets try and make our money back. just get rid of leverage and buy backs. lower apy and pay out rebases from farming and investments. simple.
cmon Dani, don’t just dump us all at a loss. thats weak. lets try and get our momey back at the very least
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then don’t invest in them
All I have to do is send this to attorney general’s office and the feds will have field day.
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Yes they did. Advertised their positions so whales had a target. Asleep during liqudations despite being “crypto OGs” who have “set alerts”. Being asleep! ASLEEP! Multimillionaires and can’t afford an automated system to ring their phone if a price hits X, or a person employed to watch the price, or BOTH.
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Can we actually start a discord? I want him sued, I want to be made whole. I wouldn’t have invested a penny.
Who ever has wmemo should be entitled to treasury
If people borrowed and were liquidated they did that at their own risk
Yeah I lost $60,000 because Dani had his phone on do not disturb
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They lost your money. Stole it, even.
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80,000 APY Ponzi is your own risk too
banks advertise loans houses per say markets change do they not evict you and sell the collateral?
They do evict you and sell the collateral. But banks don’t want to do this. This is why it’s so difficult to get a mortgage. They rather you pay them back. They don’t lend you money if you don’t have the means to pay them back. This is the complete inversion of that. Dani wanted many people to get liqudated to make $$$ off liqudations AND let abra aquire the treasury for cheap.
Or maybe it was Sifu’s plan and Dani’s the fall guy. All I know is this stinks more than a bank.
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What even is this proposal? Why isn’t there any more detail about what a wind down event looks like? How much is being paid back? In what currency is the payback happening in? Does continuing the project mean that Daniele is no longer apart of it or will he just be the idea guy? JC guys…this just keeps looking more and more like a rug pull…
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Its same quality proposal as the Abracadabra takeover they wanted to pass
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A genius rugpull to be fair. Far more elabourate than a simple rug. Getting the users to VOTE to be paid a paltry 35k per wmemo themselvs. True genius, truly.
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!! Dissolution must be prevented until the following have been provided to the DAO:
- a clear, transparent and auditable report on the circumstances leading up to the liquidation events of 26th Jan, including:
- why the buyback safeguard was not in place,
- why the attack was not anticipated given that knowledge of buyback price was public
-
a clear indication of the value of the treasury to investors now upon dissolution
-
an estimate of the performance and returns to investors going forwards if the fund were to be maintained and managed
-
details of steps to be taken to ensure the liquidation events under backing price can not reoccur in the same manner of late
-
a proposal for changes to management structure or a guarantee of the safety and security of the treasury until the community produces it’s own
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that is why the community must vote against dissolution at this time!!
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Create a vote man. This is perfect
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