/biz/ - Business & Finance

>>54429647
clg hypocrisy on full display

>>54429647
at what threshold is it considered to have passed?

$SWPR before they get airdropped their entire 10x their liquidity worth of arbitrum tokens

>>54429647
Based, fuck arbikikes. Sit there and wait till your cuck cage unlocks after a year vcfags

>>54429680
retard, the failure of this proposal means vcs like blockworks will bargain for more influence over the grant process

>>54429647
which kike faggot wanted to use the 750 million tokens?

>>54429685
Did they pay your retarded ass to post this? Fuck you too faggot

>>54429647
how the fuck does chainlink god have 5m arb delegated to him lmao did every single linky choose him?

>>54429647

LMAO if you retards think the devs won't just come in last minute and vote massively for it considering they already control the entire supply via the DAO

You're dealing with kikes here, remember ?

>>54429699
you got psyopped moron, some of the biggest voters against are vcs. apparently the community trusts them more than the devs of the chain LOL
>>54429705
twittertards man, this is why influencers are a security risk

>>54429705
My hole village delegates to the chainlinkgod.eth ngl.

where are these supposed "VCs" who want this prop to pass? I'm going down the list now and every VC voted AGAINST, you fucking easily-led faggots

>>54429647
Turnout is like 50m
Circ supply is like 1.2b
A drop in the ocean

>>54429802
still waiting retards, the AGAINST votes are full of twitter influencers and VCs but mysteriously the same cannot be said for FOR, I wonder why

Can someone explain the advantages and disadvantages of this vote going for or against?

>>54429647
literally sold when i heard about this money grab proposal.

>>54430788
the advantage is that the DAO is instantiated and we can move on to more important things like the sequencer, and the Foundation can start giving grants to pump everyone's gay alt bags.

the disadvantage would be breaking up the entire proposal into pieces and forcing votes on all of them, inviting insane micromanagement of each piece by retarded non-technicals and VCs, forcing Arbitrum to stall on this very simple procedural step, and turning the grants process into a convoluted mess

>>54430815
>the disadvantage would be breaking up the entire proposal into pieces and forcing votes on all of them, inviting insane micromanagement of each piece by retarded non-technicals and VCs, forcing Arbitrum to stall on this very simple procedural step, and turning the grants process into a convoluted mess
which proves that if they actually gave a shit about the project they wouldn't have made a governance token in the first place. they chose profits over fundamentals now they get what they deserve.

>>54430815
Weren’t you the same faggot crying about this proposal, calling it a money grab and posting retarded kike shit? Kys. I can spot you from a mile away.

>>54429647
Is this bullish or bearish for arb

And what about link

>>54430831
wrong retard, it demonstrates for the nth time that "crypto investors" by and large are left curve protoplasm who are incapable of participating in governance and instantly become obstructionist the moment they are given any kind of power and responsibility
>>54430833
what the fuck are you talking about you demented jew, I want this proposal to pass because it's fucking perfunctory yet we are forced to pretend the sky is falling because heaven forbid the arbijews are doing what every other crypto foundation has done when trying to transition from fully centralized to the beginnings of decentralization

>>54430865
very very bullish dear please buy

>>54430882
What will passing the proposal mean for the price of the token?

>>54430923
when it passes I would expect the price to go down as crypto influencers shit all over arbitrum and pretend that it's over. vcs will buy the exit liq and then it will pump

>>54429647

Can someone post a link to the proposal so I can read it?

Didn't see anything on Arbitrum's Twitter or the Foundation website

>>54429725
Fuck you faggot the devs were literally gonna rug the entire project to cash out. How fucking stupid can you be. Do you live under a rock?<div class="xa23b"><span class="xa23t"></span><span class="xa23i"></span></div>

>>54430931
What happens to the 750m tokens?

>>54430936
https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x3be7368a662d1cf12fa4da768d626edbc013be0dc7b994fef2e24d9a54e4033a
>>54430940
lol

>>54430940
The bot makes a good point

>>54429647
This is literally a sentiment check. There’s nothing binding about a snapshot vote, DeFi governance is so fucked<div class="xa23b"><span class="xa23t"></span><span class="xa23i"></span></div>

>>54430946
grants, primarily
>For the sake of operational and administrative efficiency, a separate account controlled by The Arbitrum Foundation will be created (“Administrative Budget Wallet”). 750 million $ARB tokens will be transferred to the Administrative Budget Wallet for purposes of making Special Grants, reimbursing applicable service providers for the Total Setup Costs and covering ongoing administrative and operational costs of The Arbitrum Foundation.

>>54430969
the setup cost is 3.5 million dollars btw

>>54430882
>wrong retard, it demonstrates for the nth time that "crypto investors" by and large are left curve protoplasm who are incapable of participating in governance and instantly become obstructionist the moment they are given any kind of power and responsibility
so why did they create a governance token?

>>54430981
because ostensibly they still want to create a decentralized system even if 99% of the population is too stupid to handle it

>>54430969
But those pajeets will make my token crash >>54430969

>>54430989
Are there any examples of a “DAO” that transitioned from snapshot voting to legitimate on-chain voting? I’ll wait

based chainlinkgod siding with the based VCs someone promote that frog<div class="xa23b"><span class="xa23t"></span><span class="xa23i"></span></div>

i'm so fucking confused by all of this

>>54430969
>will be created
>will be transferred
It already exists https://arbiscan.io/address/0xc24e24383120669512a336fb3b5b19afb4cc2a56#tokentxns and 750M were transferred over two weeks ago with 50M of these tokens already sent away. All without any DAO approval. Why use "will be" when the actions have already been done? What will happen to the funds if/when the DAO doesn't approve this? Why is the 7.5% initial token allocation for Arbitrum Foundation not listed in the docs separately but is lumped in with the DAO treasury?

clumsily done by arbitrum team but now will realize the true cost of pumping out a useless gov token to make the vc vultures rich
strong, centralized teams are the way to go
also pretty ironic how clg votes for transparency when he shills chainlink
but of course chainlink runs it perfectly, no dao bullshit, just run the ship with focus and ruthlessness
that comes at a cost to bagholders but is best thing for project long-term

>>54431300
>three kikes funnel tokens to themselves
What's to be confused about here?

Why does he have so much ARB though? That isn't normal or fair.

>>54431470
>Why use "will be" when the actions have already been done?
Does it matter? What the fuck do you think DAO funds are for? They're not just for sitting there and looking pretty. They were transferred before any of this existed, ffs, this all started only a couple weeks ago. The DAO hasn't even been formalized as an entity yet, which is the actual point of this stupid prop. Has there been any commentary about their gay constitution that they definitely worked hard on and put their ideals into? Of course not, everything is about fucking ARB
>What will happen to the funds if/when the DAO doesn't approve this?
Are you asking what will happen if the DAO is fucking retarded? Obviously it will be embarrassing and awkward because clearly the big brains who have been developing this shit for almost a decade in their jewcave did not understand just how stupid their community actually is and made the mistake of thinking they could complete simple administrative procedures without a flashlight shoved up their kosher assholes

>>54431540
sorry, but the DAO is retarded. deal with it

>>54431479
>but of course chainlink runs it perfectly, no dao bullshit
that's what's sad about the whole thing, it's like people are itching to get governance tokens just for the explicit purpose of making governance awful to interact with
>>54431544
I am trying<div class="xa23b"><span class="xa23t"></span><span class="xa23i"></span></div>

>>54431540

> Work hard
> Worked on this for a decade

Nigga nothing a few jews and some VC money can't accomplish within 1-2 years, don't rave about it like its some technical exploit when it's just a layer 2 of ETH lmao

And the fact that they can move these funds without proposals, without consultations or any discussions on the matter tells me it's a fucking kike scam waiting to soft rug just like the dozen other kike scams that unraveled before.

>>54431553
>powered by GPT-4chan
checked

>>54431560
you're a brainlet who's never seen a fraud proof in his entire life
>And the fact that they can move these funds without proposals, without consultations or any discussions
retard they minted the entire supply, they don't need your faggot permission to start a DAO, their mistake was believing that the people who received this shit for free had iqs above 90

>>54431576
we'll see what happens. chill anon<div class="xa23b"><span class="xa23t"></span><span class="xa23i"></span></div>

>>54431493
yeah it's just a shitshow

>>54431581
I will chill, thank you. exeunt

>>54431576

Look at this insecure nigger cattle bagholder kek

>they've been working on this for decades!
it is becoming clear that the entire space makes up shit on the spot, only gullible morons like the individual itt think otherwise

>>54431576
lil bro didnt they show the tokenomics and the token vesting shit?
and then they take 750 m tokens and a week after that do some meme proposal? you dont care about that?

>>54431660
They could've just stated the 7.5% Arbitrum Foundation allocation in the docs and everything would've been fine but they decided to take that 7.5% from the DAO Treasury and make the vote for that retroactive. Obviously the DAO doesn't like this.

>>54431584
sold an hour ago and now it's pumping fml

>>54431056
ICP's nns voting is on-chain, kind of.
You're right though - when I first read your post I thought this would be easy, but despite having held scores of different governance tokens in the past few years... none of them voted on chain.
Why is this? The cost of governance is too high on chain?

>>54429705
I delegated to him so he can eventually force the network to run entirely on Sergeys laptop

>>54430815
so why did they move the fucking 1 billion Dollars out of the DAO before AP-1 passed? Can explain us that shill?

>>54430940
Based ai.

>>54429647
How the hell does he have 5 million ARB?

>>54431576
>they don’t need your permission to start a dao
No, but they do need permission to take 750m tokens out of the treasury because that is the whole point of the fucking dao you utter faggot

>>54429647
Does he really have 5m delegated votes? Cringed hard when I saw him as one of the options, but jesus fuck 5m

>>54432439
what is delegation

>>54432445
But they already took them. Fuck, 50m already were transferred to Binance.

https://forum.arbitrum.foundation/t/clarity-around-the-ratification-of-aip-1/12864

it's pretty clear it's just as >>54431576 explained, this vote was supposed to be a formality to establish the dao. but people are too dumb to understand it and saw it as stealing from the dao

>>54432930
well its not a formality seeing as the majority voted against and they already moved 50 m tokens to exchanges

>>54432930
>words words words
>current vote is a no
>50m has already been moved to exchanges
Yeah, no.

>>54432987
They'll probably ignore the vote

>>54433032
nice dao
they should just use those 700 m they have to for kek

>>54433047
*vote for

>>54432930
Yeah except they can do a vote to "formally establish the dao" without giving themselves 750m tokens

Did they really move 50m onto exchanges? If so this is a terra level 200iq play rug

>>54431804
this was a juicy dump.

>>54431804
They're going to pump it so they can dump at higher prices

>>54432987
>>54432994
>>54433129
how do you get a dao approval of a marketmaker for a token that hasn't been airdropped? where do you think the coins that people are buying on binance day 1 come from?

>>54433102
this is literally how every single dao functions, they just don't typically vote on the process of establishing the foundation treasury.

>>54433212
>this is literally how every kike functions
>therefore it’s ok to be a kike
Ok kike

Fuck it, I'm dumping half the airdrop and letting the rest ride.

the fact they already moved funds in advance shows they can't be trusted

Sucks that this had to happen, thanks for the free money I guess, feels weird to be involved in a scam and actually get money out of it for once.

>>54433398
its quite amusing how tourists think just dropping the word kike means you'll win any argument on 4chan and gather support

>>54429647
Arb is and has always been a jankchain, literal bottom of the barrel pajeet tier

>>54432930
So arb expected some Saddam Huissein tier election and didn’t even have the foresight to not move the funds to an exchange before the vote even finished lol imagine having your money invested in an incompetent team like that for something as lousy as arbicrum

>>54433506
>tourist
>watch how he recoils
This isn’t an argument. There are no ‘arguments’ on 4chan. You’re just a retarded kike

official communication's out. apparently it's been "poorly worded"

>>54433640
https://forum.arbitrum.foundation/t/clarity-around-the-ratification-of-aip-1/12864

correction, they already sold
https://www.coindesk.com/business/2023/04/02/contentious-arbitrum-vote-over-1b-in-tokens-ratification-not-request-says-foundation/

they'll try it again. they basically told gpt-3.5 to write some gibberish for them to basically steal 900m dollars from community in an overnight.

1. they can do it anyway bc it's not decentralized as you think
2. they can try it every day until it's passed
3. those coins will eventually get unlocked

this whole thing made me sold my arb 2 days ago. i'm not getting in again. it's over for arb. but i'm guessing this will be bullish for other l2s. like zk, optimisim.

>>54433776
air drop then dump
it's a classic for a reason

>>54433776
Wow they’re really unabashed about it too. I hope they’re enjoying this fat dump

>>54433776
I do love the brazen Jewishness of the whole thing kek

People should just take their money out and drain their tvl. Its a fucking joke and a bunch of scammers. They are mass banning crítics from their discord, even og supporters. They are not trustworthy of your money and remember that when you bridge your crypto with a L2 like this, you no longer own your cripto but a bridge issued IOU

I think Arb didn't need a token ??? Don't they charge fees and shit?

bullish for Optimism and zkSync

>>54433776
Wow. Blatant scam. Why use this scamcoin over LRC?

they opened the first paragraph of their cope proposal with a parable, this shit is unironically going to luna tier lows

>>54434271
>communication problem
Aka we are Jewish and did Jewish things and thought you would just assume we would do Jewish things because we are Jewish. Shame on you

https://youtu.be/TwRLFK2Q0Bw?t=731

>-20% in the last tow days
my,it's rugging

>>54434355
Man I don't remember any of this shit, but I guess it has been almost 20 years...

everyone thinks this is going down so it will go up hard. probably 2.20

>>54430800
Chad, I'm in the same boat. Not hodling anymore, gonna scoop up more when it drops below a dollar. Sick of all the ups and downs, but don't get it twisted, I ain't abandoning ARB. Just waiting for that sweet, sweet entry point. And when RIDE governance goes live, you know I'll be voting to keep that ecosystem running smooth even as I'm doing same on Stargate finance.

>>54434924
>supply pump fueled by 750m team dumps
>price increase
I mean, the only reason it had any perceived upside is there wouldn’t be team/vc dumping for at least a year

>>54434948
i am so sick of all this shit honestly, how do you even stomach a proposal like this on april the first kek

i am going to slurp a little bit at 0.65

>>54434271
Damn!!

>>54433776
Jesus Christ lmao

>>54434966
Proposal was created on march 28'th.For some reason almost no one was aware of it until april 1'st

el barto
rip late shorters

>>54435010
this is also quite mind boggling lol

>>54434980

>>54433776
>main purpose of the token is to be able to vote
>proceeds to disregard votes, making the token as worthless as a Twitter poll.
How are there still retards who think it'll pump.
>BuT nEw cOiNs alWaYs PuMP!!!!
Not in this bear market dumbassess

>>54435076
>a loan to a sophisticated actor in the financial markets space

Brilliant move for ARB to kill itself long before the bullrun even started

>>54435123
>>54435076
lol
https://youtu.be/_5eyfe9REok

>>54435076
>still no answer on what happens when the proposal fails
Yep, we're going sub-$1

>>54434182
Zksync is fucking congested

>>54434924
Anon, $5 is chump change. I'm only interested if I can cop it at a dollar and slurp it up proper. Just sold my last gains to mint some Goblins NFTs for $20 a pop. Also got a whole collection of syloNFTs with flufs and thingies too.

>>54434182
>can't bridge from ARB to zkSync mainnet yet
Fuck. Don't want to use the shitty L1 and pay $10 fees

>>54435076
"""""""""""""""""""""sophisticated actor"""""""""""""""""""""""

>>54435123
It's Wintermute, a market maker.
>>54435170
They are ignoring the vote because they later clarified it wasn't a vote in the first place but a ratification lol.

>>54435227
Use Orbiter bridge.

LMAO THE TOKEN WAS JUST DECLARED WORTHLESS

>>54435247
>>54435242
>>54435170
thenk you come again we are monitoring the situations sers, sophistated market maker on his way!

Why is OP barely doing anything on these news?

>>54435247
>oy vey it was just a ratification
this shit better go to 0, im getting so fucking tired of kikes

>>54435263
Aren't their fees still costly?

>>54432930
Its not pretty clear you arb shill. Im sure you are that hanter Guy doing damage control here. You have been exposed as scammers and your reputation is ruines forever

>>54429647
>>54429656

What is this improvement proposal about?

>>54435294
ser please to understand we did not sell money we simply converted to fiat and loaned it to a sophisticated market maker; he is quiet suave and handsomes ;)

>>54435263
Only bridges to Lite, not mainnet yet

>>54429849
Reasons why I'm still hodling, not gonna make that shit ass mistake I made with my OP airdrop allocation, for just no reason I'm bullish on ARB, upcoming ZZ, STRK, and ROOT.

>>54429849
u forgot to carry the 700million

>>54435287
No?
>>54435340
It does. Scroll further down to see Era option.

>>54435405
>Era
I was looking for mainnet. Thanks, anon

Already recovering, nice fud.

>>54435556
>fake pump to coincide with damage control Twitter thread
>recovering
Kek

>>54435347
Post proof of skin with timestamp because im sure u are from mumbai

>>54435556
>you now realize they paid 40m to some pajeet farm to post anti-fud posts on 4chan, reddit and twitter

guys. did i fuck up selling half my 10k arb stack to pay off some of my loans right now? give it to me straight? if number go up i could pay off everything. if number go down i lose my link collateral to a slow burn

>>54435625
Get rekt, that what you get for listening to 4chan fud

>>54435625
you tell me

>>54435655
i jsut got on here to see what the deal was.
My stack is worth six figures. i will be fine, i just dont wanna have to pay out of pocket to cover this loan.
>>54435662
reads exactly like SDL situation. better to not be greedy i guess

>>54435673
they basically ruined the reputation of their dao system on its very first vote, no idea what'll happen long term but I can't imagine anyone reading their hackneyed twitter thread and feeling confident in them; even with VC funding and "Sophisticated market makers". the levels of talmudry/pilpul in their thread is just jaw dropping to say the least.

>>54435625
Anon, it's going sub-$1

>>54435690
>Sophisticated market makers
Bot shill farm at best

>>54435690
yep same exact thing as SDL, they are ven giving the same bullshit response and just saying thats the answer deal with it. ill just unload on mini BTC pumps and go from there. Thanks anon

>>54435690
>talmudry/pilpu
ed is the face of the project so the jew co owner get be a jew and operate in the shadows.

>>54435662
>we're dumping on you goys, sorry not telling you earlier heart-heart XOXO <333

>>54435247
alright, wintermute? those guys who lost millions of OP tokens? lol
https://www.coindesk.com/tech/2022/06/09/15m-of-optimism-tokens-stolen-by-an-attacker-after-wintermute-sent-wrong-wallet-address/

>>54435579

>>54435723
what's sdl situation?

>>54430947

Thank you

>>54435711
You're probably not too far off, besides the airdrop talk most of the twitter activity regarding Arbitrum was just paid shillers or people trying to cash in on the hype with copy paste knockoffs of other projects.
>>54435723
np
>>54435733
It looks like someone on the forums threatening to take legal action, Jews vs Jews may take place as a lot of them probably are gonna be pissed at Arbitrum for committing seppuku one week after their airdrop and on their first DAO vote("RATificiation").
>>54435744
>We're not selling anything!
>Goy don't you understand we just converted into some fiat, nothing wrong with that!
>We had a sophisticated market maker and he needed a loan!
>In the talmud it says a Jew should never refuse another Jew an interest free loan using Arbitrum assets.

>>54435815
horse rimming and stuff

>>54435745
Yep, the same guys kek.

>>54435900
>>In the talmud it says a Jew should never refuse another Jew an interest free loan using Arbitrum assets.

That's quite good

>>54429687
Idk but Marc cuban is invested in arbi and that nigga is ruthless

>>54435900
This is what they paid 40M for >>54435986
Pajeets and bots to shit up the board

>>54436106
they're shitting up twitter too

>>54435815
people bought lpl at ico .the token was a rev share token and you would get paid 100% of fees to token holders. Linkpool gets off the ground and they change the terms with a governance token. When you port over you waive ur rights to sue