In a recent development within the LunaClassic (LUNC) governance system, a proposal by a group called the “Six Samurai” for a substantial spend of 750,000,000 LUNC has raised significant concerns and prompted a strong response from a prominent community member named Mike P.
11828 – Six Samurai
750 000 000 #LUNC spend proposal
NO WITH VETOAfter reviewing this proposal in the #LunaClassic governance system, I conclude that the group of "six samurai" has not proven that they are real and trustworthy persons.
The information about these people could… pic.twitter.com/kn36CkI2DC
— 🌕 Mike P. (@LUNCpredator) October 3, 2023
The proposal in question sought to allocate a massive sum of 750 million LUNC tokens, but it appears to have faced scepticism and scrutiny from Mike P. In a statement shared in the LunaClassic community, Mike P. expressed serious reservations about the legitimacy and trustworthiness of the “Six Samurai” group.
Read Also: Judge Rejects SEC’s Interlocutory Appeal in Ripple Lawsuit, Trial Set for 2024
One of the primary concerns raised by Mike P. is the lack of verifiable information about the individuals behind the “Six Samurai” group. Despite the proposal’s appealing graphical presentation, Mike P. pointed out that there is no publicly available information to confirm the identities of these individuals or any historical track record that suggests they are acting in good faith.
Furthermore, Mike P. criticized the proposal as being populist and professionally insufficient. It appears that the proposal did not provide adequate explanations and justifications for individual expenses, raising questions about transparency and accountability.
Read Also: Anonymous Shiba Inu Investor Turns $8,000 into $5.7 Billion, Shares Success Story
In light of these concerns and unspecified additional reasons, Mike P. has strongly recommended voting “NO WITH VETO” on this proposal. This recommendation implies that, in Mike P.’s view, the proposal poses a significant risk to the LUNC community, and he is advocating for its rejection.
This development highlights the importance of transparency, accountability, and trust within blockchain-based governance systems. As the LunaClassic community considers this proposal, it will likely engage in a robust discussion to determine whether the concerns raised by Mike P. are shared by others and how the community should proceed with its decision-making process regarding this substantial spending proposal.