"Code is law!"
Right ... I found this post disturbing @jk6276, although I will quickly add all I know about it is from reading your post. I have no "dog in the fight." I do not own any JUNO ...
At the end of the day, I remind myself regularly that all of these "virtual worlds" are simply software. Running on computers. Tied together in a global network we call the Internet ...
Software can be changed at any time. To claim it is "immutable" is ... Simply not truthful. More accurately, we can state that we hope it will remain "immutable" by the "powers that be," who have "sworn" they will not "vote" in acting in any way that would undermine this core principle of this new asset class.
But ... Apparently the JUNO community has decided to vote on making an exception. Where someone has $100 million at stake!? Good grief ... Not a "good look" from my perspective ...
Overall, this is one more example of what I deem to be the "Achilles heel" of all of my own investing in this asset class. The constant efforts to "game the system," by those who have the skills to do so. With their "I win / you lose" intentions ... Their actions cause you (and others) loss? 🤷♂️ Hmmmm, too bad! "What are you going to do about it?" 🤷♂️🤷♂️
Not done yet ... 😉 Having years of "political activism" experience, I have a view of voting that differs from many. I do not favor "herding people to the polls" to vote, when I know how poorly informed most people are. They simply will not exercise their responsibility to be well-informed. The results speak for themselves. We would be far better off if people would simply stay home, rather than vote on something where their decision is based on "30-second sound bites" slanted in one way or another ...
And even that is based upon hoping the voting mechanics have not been "gamed" to "cheat" ...
At least on the latter point, I think blockchain voting seems pretty "bulletproof." So it is down to the "masses" voting, when they do not know enough about it ... I will look forward to reading your future post about how all of this turns out.
P.S. On even the hint of my $100 million being "stolen," I would move it ... Not sure what is keeping this whale from "voting" that way himself (herself?, themselves?)?
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Does the character of the whale matter?
There are allegations from JUNO founder that the whale in question has made a lot of their ATOM through scams and bad behavior - scamming people out of their seed phrase on discord for example, and running actual Ponzi's.
As to moving the funds, the are staked with a 28 day unbonding. This prop will be done and chain "upgraded" by then. They have been dumping their staking rewards daily for a while, have already made a fortune from these tokens, regardless of whether they get to keep them.
I agree, to a point. Are not also these virtual worlds also communities with a governance say?
I'm playing devils advocate here, trying to firm up my position. Still can't quite find the "black and white" solution, all I see is lots of grey.
It is an interesting one.
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Certainly, but ... Key word for me, in what you have written? "Allegations" ...
In America, we are supposed to be innocent until proven guilty. With a prosecutor presenting evidence that you are, then a jury of your peers gets to decide your fate ...
Nothing like that exists "in here." Allegations can be recklessly asserted, with those generating them knowing nothing can ever be proven ...
My own devil's advocate point, for your thinking through what you will do ...
That said, I have read about start-ups that are totally devoted to "blockchain analysis." Using automated tools to "track down" whatever ... Since this person's public key is known, then in the right hands, it should be possible to build quite a history of activity linked to it. Maybe that is what the JUNO founder is alluding to ...
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