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The "Illusion of Choice" and Governance Fraud
"Your 'State of $JUP' post is a masterpiece of gaslighting. You are attempting to rebrand a broken promise as a 'decisive proposal' for token health. Let’s address the reality behind these corporate euphemisms:
1. Retroactive Rule Changes are Fraud: You claim that 'nobody cares about their token like Jupiter,' yet you are unilaterally trying to cancel a distribution (Jupuary) that was already ratified by the DAO. Users staked their capital and used your products for a year based on a fixed governance agreement. Altering the terms after the work has been performed is not 'listening to feedback'—it is a breach of an implied contract and equitable estoppel.
2. The Jurisdiction of the Victim: To the team member who smugly asked 'enforce in which jurisdiction?': Consumer protection laws follow the harm. If you solicit stakes from users in the US, EU, or Singapore based on specific rewards and then rug-pull those rewards via a 'new vote,' you are liable in those jurisdictions. Courts are increasingly piercing the 'DAO veil' and treating core contributors as a General Partnership, meaning your personal assets and residency (be it Singapore, UAE, or elsewhere) are very much within reach of a class-action discovery process.
3. Engineering a 'Yes' Vote: By bundling the cancellation of Jupuary with 'stopping team emissions,' you are holding the community hostage. This is governance manipulation. You are forcing users to choose between a reward they already earned and the 'inflation' you created. If you actually cared about the token, you would honor Jupuary as promised and burn the team’s allocation separately, without making the community’s rewards the sacrificial lamb.
4. The 'Balance Sheet' Myth: Your proposal to buy team tokens from the 'Jupiter balance sheet' is just moving money from one pocket to another while reducing transparency. It’s an exit liquidity plan for the team, funded by the protocol, while the community is told to 'postpone' their rewards indefinitely.
Conclusion: A DAO is a tool for decentralized governance, not a 'get out of jail free' card for failing to honor financial commitments. We have documented every original promise and the subsequent staking activity. If this proposal is used to bypass the original Jupuary commitment, we will proceed with filing formal complaints with financial conduct authorities and pursuing a collective lawsuit against the core contributors personally.
Governance is not a game of 'moving the goalposts' whenever it suits your treasury. See you in the forums, and if necessary, in court.
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