Letter from many Cosmos maximalists to the hub

The ATOM 2.0 White Paper has been released, the goal of the writers is to try to shift the Cosmos Hub in a new direction, while enriching themselves and setting up limited checks and balances for stakeholders, who have taken all the risk since the inception of the network. Given the extreme nature of the changes proposed, we decided to use the proposal system for better visibility, we think its fair given the circumstances.

The letter attached to this proposal should clarify our position on it, we think in its current state the ATOM 2.0 upgrade would be extremely damaging to the hub. Please read up, and let’s use the public forum to start a more than necessary discussion, about the risk, and dilution of $ATOM stake holders which is proposed.

proposal links: rich text version https://cryptpad.fr/pad/#/2/pad/view/stbpD61Y-yAkrUdV+a2GlwM6UE5A-K82O9mtu5rEwkQ/ txt versions https://ghostbin.me/63417d218e7fc

vote YES if you support some of the points outlined in this letter or think that atom2.0 creates centralization and dangerous risk vectors such as possible conflicts of interest

vote NO to signal to the authors of this proposal dilution of ATOM stakeholders is the right path forward for the cosmos hub, (breach of private property is not a big deal)

vote ABSTAIN if you didn't read the attached letter because its too long

The vote doesn't intend to be binding, but just further the discussion on this VERY controversial proposal called ATOM2.0.