Andy Beal, head of ecosystem development at Forta and author of the 30,000 Feet newsletter, discusses the dramatic governance proposal on Juno Network, a Cosmos-based project, where Juno holders are voting to confiscate millions of dollars in tokens from a whale who allegedly gamed the Juno airdrop. Show topics: <ul> <li style="font-weight: 400;" aria-level="1">how the Juno airdrop worked </li> <li style="font-weight: 400;" aria-level="1">how the whale was able to amass more JUNO tokens than the team wanted</li> <li style="font-weight: 400;" aria-level="1">why the Juno Network community feels threatened by an entity holding so many JUNO tokens</li> <li style="font-weight: 400;" aria-level="1">what the whale did to invoke the ire of the Juno Network community</li> <li style="font-weight: 400;" aria-level="1">the community’s vote on whether to confiscate up to 98.5% of the whale’s tokens</li> <li style="font-weight: 400;" aria-level="1">what three courses of action the community is considering to confiscate the whale’s JUNO</li> <li style="font-weight: 400;" aria-level="1">what Andy’s biggest takeaways are from the dramatic governance moment</li> </ul> Come to an Event on Laura's Book Tour! <a href= "https://www.laurashin.com/book/#tour-dates">https://www.laurashin.com/book/#tour-dates</a>   Thank you to our sponsors! Crypto.com: <a href= "https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021"> https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021</a>     Coinchange: <a href= "https://coinchange.io/">https://coinchange.io</a>    OnJuno: <a href= "https://onjuno.com/">https://onjuno.com/</a>    Episode Links   Andy Beal <ul> <li style="font-weight: 400;" aria-level="1"><a href= "https://twitter.com/ajbeal">https://twitter.com/ajbeal</a> </li> <li style="font-weight: 400;" aria-level="1">Andy's newsletter: <a href= "https://30000feet.substack.com/">https://30000feet.substack.com</a></li> </ul>   Juno Network drama <ul> <li style="font-weight: 400;" aria-level="1">Andy’s write-up</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://30000feet.substack.com/p/issue-60-juno-whale?s=r"> https://30000feet.substack.com/p/issue-60-juno-whale?s=r</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Decrypt coverage</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://decrypt.co/95435/juno-network-dao-proposal-16-voted-to-revoke-tokens-from-whale"> https://decrypt.co/95435/juno-network-dao-proposal-16-voted-to-revoke-tokens-from-whale</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Coindesk coverage</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.coindesk.com/video/recent-videos/why-junos-vote-to-confiscate-a-whales-funds-is-a-watershed-for-blockchain-governance/"> https://www.coindesk.com/video/recent-videos/why-junos-vote-to-confiscate-a-whales-funds-is-a-watershed-for-blockchain-governance/</a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.coindesk.com/layer2/2022/03/16/junos-proposal-16-vote-is-a-watershed-for-blockchain-governance-for-better-or-worse/"> https://www.coindesk.com/layer2/2022/03/16/junos-proposal-16-vote-is-a-watershed-for-blockchain-governance-for-better-or-worse/</a></li> </ul> </li> </ul>

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Juno Holders Want to Confiscate a Whale’s Tokens. Here’s Why. - Ep.334

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