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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

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

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

Mar 25, 2022

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:

  • how the Juno airdrop worked 
  • how the whale was able to amass more JUNO tokens than the team wanted
  • why the Juno Network community feels threatened by an entity holding so many JUNO tokens
  • what the whale did to invoke the ire of the Juno Network community
  • the community’s vote on whether to confiscate up to 98.5% of the whale’s tokens
  • what three courses of action the community is considering to confiscate the whale’s JUNO
  • what Andy’s biggest takeaways are from the dramatic governance moment

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Episode Links

 

Andy Beal

 

Juno Network drama