PiTauGroup.com

We’ve just posted a governance proposal to the forum for community discussion, and we believe it represents one of the strongest long-term governance alignment signals in DeFi. Here's what it does 🧵

I am a Web3 Ambassador at World Liberty Financial. The dashboard has 15 columns now. The newest one is called LITIGATION. I did not budget for this column. The Slack channel is sun-relationship-management and it has 340 unread messages. Justin Sun filed a 52-page complaint on Monday. In a California federal court. Against us. For fraud. Seven causes of action across 52 pages. I read it on my phone while the token was still dropping. I would like to state for the record that our relationship with Mr. Sun has always been professionally managed. I would also like to state that our relationship management has generated more litigation than any other column on the dashboard. This is what professionals call alpha. He invested $30 million when nobody else would. Then another $15 million. The project was stalling. His word was "lackluster." He was being generous. Before his anchor investment we had raised approximately $22 million. After it we raised $550 million. That is a 2,400% increase. He calculated that number himself. Then he put it in the lawsuit. He is using our own growth metrics as evidence of our fraud. That is a level of due diligence I genuinely respect. He was facing SEC fraud charges at the time of investment. The SEC dropped the case. We made him an advisor. He visited the Executive Office Building. He sat in seat number one at the dinner. These events are unrelated. I have a column for that. The column is green. Then we froze his tokens. Multiple times. The compliance module — the one I helped ship one week before trading, the one routed through a single anonymous wallet — we used it. On the man who saved the project. On the man whose "decisive anchor investment" — his words, page 12 of the complaint — made the other $505 million possible. We froze his governance voting rights too. The man who owned the most tokens had the least say. That is decentralized governance. I designed the architecture. Then we threatened to burn them. Burn. The on-chain kind. Eliminate $45 million in tokens from the blockchain. Permanent. Destroy the holdings of the person who turned World Liberty Financial from a family website with a Gold Paper into a $550 million operation. We told him we would report him to law enforcement. The same man who avoided traveling to the United States for years because he was afraid of being arrested here. He invested in the President's family and the fear stopped. Now we are the ones making the call. I have a column for this too. It is called THE CALL. Then we posted "See you in court pal" from the official account of the President's cryptocurrency project. Pal. From the official account. The President's sons run this project. Eric and Don Jr. Their names are on the website. And somebody — I do not know who authorized this and I have not asked — typed "pal" to a man who put in $45 million when we had $22 million and a Gold Paper that the SEC had not yet decided to ignore. The complaint says we are "on the verge of collapse." It says we face "severe financial pressure" and "potential insolvency." It says we plan to distribute up to 95% of token sale proceeds to company insiders. It says we froze his governance voting rights. Defamed him. Extorted him. Seven causes of action. Fraud in the inducement. Conversion. Unjust enrichment. Breach of implied covenant of good faith. The complaint reads like a Wikipedia article about us that somebody finally decided to file in federal court. The token is down 74%. Trading at 8 cents. The DeFi Visionary is 20 years old. I will describe the architecture. A man facing fraud charges invests $45 million in the President's family crypto project. His fraud charges disappear. We make him an advisor. He gets a seat and a title. We freeze his tokens. We threaten to burn them. We threaten to call the authorities on him. He sues us for fraud. The man who was charged with fraud is suing the President's sons for fraud. The project accused of fraud was saved by a man whose fraud charges were dropped after he invested in it. Everyone is alleging fraud. The word has no meaning left. It is just the sound money makes when it leaves. The 52 pages demand a trial. A jury will read the Gold Paper. Page 14. The 75% revenue allocation to the family. Zero capital contributed. The smart contract upgrade. The blacklist function. The single anonymous wallet. Category 3. The batch reallocation tool we told people was for phishing recovery. The Dolomite self-loan on our own advisor's lending platform — $75 million borrowed against our own token, $65 million of it in our own stablecoin, on a protocol co-founded by our own Head of Technical Strategy. Fifty-five percent of the entire lending pool. Ordinary depositors locked out. Twelve people in a California courtroom reading the Gold Paper. I have prepared for regulators who do not regulate. I have prepared for congressmen who write letters nobody answers. I have prepared for journalists who publish stories that trend for six hours and change nothing. I have not prepared for twelve people who cannot be frozen. The dashboard has 15 columns. Every column tracks a relationship that was designed to be mutually beneficial. Every relationship is now a paragraph in a federal complaint. Every paragraph contains a dollar amount. Every dollar amount contains the word "fraud" somewhere in the sentence around it. Ninety-five cents of every dollar goes to insiders. I am one of the insiders. My allocation is generous. My tokens vest on a different schedule. That schedule is not in the complaint because Mr. Sun does not know about it. It is not in the Gold Paper either. It is on the dashboard. Column 14. These events are unrelated. I am still proud of the dashboard.

We’ve just posted a governance proposal to the forum for community discussion, and we believe it represents one of the strongest long-term governance alignment signals in DeFi. Here's what it does 🧵