{"post_stream":{"posts":[{"id":180,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-19T09:30:55.849Z","cooked":"\u003cp\u003eWhy are you avoiding the question about your motivation here?\u003c/p\u003e\n\u003cp\u003eAs far as I know, you are neither a LUNA holder nor an active member of the Terra community, while having previously posted a now-deleted personal attack about me on Twitter, so what exactly is driving this level of involvement?\u003c/p\u003e\n\u003cp\u003eThis is not a personal attack, but readers might want to understand who the Person is we are dealing with here and what he says about Cosmos ecosystem: \u003ca href=\"https://x.com/Rarma_/status/1976852371558031451\" class=\"inline-onebox\"\u003eRarma on X: \"Hahahahaahahahah, sorry for those holding the bag. You have had more warning and notice than anyonE. And no, I’m not a buyer of your shitcoins at these prices. LMFAO\" / X\u003c/a\u003e\u003c/p\u003e","post_number":41,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T09:36:34.217Z","reply_count":1,"reply_to_post_number":39,"quote_count":0,"incoming_link_count":0,"reads":14,"readers_count":13,"score":7.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://x.com/Rarma_/status/1976852371558031451","internal":false,"reflection":false,"title":"Rarma on X: \"Hahahahaahahahah, sorry for those holding the bag. You have had more warning and notice than anyonE. And no, I’m not a buyer of your shitcoins at these prices. LMFAO\" / X","clicks":4}],"read":true,"user_title":null,"reply_to_user":{"id":78,"username":"Rarma","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png"},"bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/41","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":181,"name":null,"username":"Vegas","avatar_template":"/user_avatar/forum.phoenix.money/vegas/{size}/77_2.png","created_at":"2026-10-19T09:43:55.531Z","cooked":"\u003cp\u003eI honestly don’t understand why asking questions or making suggestions is seen as an attack. I see a problem that needs a fair solution. The current suggested proposal doesn’t seem to have broad community support, which is why people are exploring alternatives. This shouldn’t be about being with or against anyone.\u003c/p\u003e\n\u003cp\u003eMy suggestion of three independent supervisors, chosen through community governance and not by PF, is about neutrality. It protects the community, but also protects the current directors from doubts about whether the process was fair.\u003c/p\u003e\n\u003cp\u003eA lot of relevant information isn’t public, so it’s difficult for the community to judge either side fairly. As Rene mentioned, there is already a Supervisor, and Rose is trying to clarify their role and powers. I think we should wait for that reply before jumping to conclusions or deciding what needs to happen next.\u003c/p\u003e\n\u003cp\u003eWe just want transparency, fairness and what’s best for Terra.\u003c/p\u003e","post_number":42,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T09:43:55.531Z","reply_count":1,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":4,"reads":17,"readers_count":16,"score":28.4,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":79,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/42","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":182,"name":null,"username":"Rebel_Defi","avatar_template":"/user_avatar/forum.phoenix.money/rebel_defi/{size}/9_2.png","created_at":"2026-10-19T09:47:41.373Z","cooked":"\u003cblockquote\u003e\n\u003cp\u003eMy suggestion of three independent supervisors\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cp\u003eHas anyone put any names forward?\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003eWe just want transparency, fairness and what’s best for Terra.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cp\u003eThis is what the Emergency Supervisor will be able to provide.\u003c/p\u003e\n\u003cp\u003eIf people are unhappy with PF, they can put up a governance proposal to disband it.\u003c/p\u003e","post_number":43,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T09:56:59.537Z","reply_count":1,"reply_to_post_number":42,"quote_count":0,"incoming_link_count":0,"reads":17,"readers_count":16,"score":8.4,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":79,"username":"Vegas","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/vegas/{size}/77_2.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":2,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/43","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":183,"name":null,"username":"LionKing","avatar_template":"/letter_avatar_proxy/v4/letter/l/f04885/{size}.png","created_at":"2026-10-19T09:54:30.709Z","cooked":"\u003cp\u003e\u003cstrong\u003eMy opinion:\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eFor me, a Director who is aware of these issues but fails to handle them properly is unacceptable.\u003c/p\u003e\n\u003cp\u003eThere were serious failures in assessing ecosystem risks, handling critical information, and fulfilling responsibilities during a crisis. These failures could have exposed approximately $4.4 million in Terra liquidity to risk and have significantly undermined trust at the Director level.\u003c/p\u003e\n\u003cp\u003eThis is unacceptable because it affects not only the community but also Luna’s long-term future. We are already in a very vulnerable position. If another incident like this happens, Luna may not be able to recover.\u003c/p\u003e\n\u003cp\u003eAt this stage, we need Directors who demonstrate sound judgment, transparency, accountability, and the ability to act decisively under pressure. We cannot afford to make the same mistakes again.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eRay Raspberry\u003c/strong\u003e — A long-time member of the Terra community, blockchain researcher, and investigator.\u003cbr\u003e\n→ If we choose him, we could improve transparency around the blockchain and fund flows. I’m somewhat familiar with him through some of his posts.\u003cbr\u003e\n\u003cstrong\u003eMartin\u003c/strong\u003e — A long-time member of the Terra community, a Canadian lawyer, and a major DeFi liquidity provider.\u003cbr\u003e\n→ If we choose him, we could strengthen our legal position. He could provide legal support when needed, as well as contribute liquidity to Terra.\u003cbr\u003e\nHowever, I don’t know him personally. I’m willing to take the risk, so I would choose Martin because I believe he could be more valuable for our long-term future. Since he is Canadian, he might also be able to support us when we expand into the US market or explore opportunities related to a potential Luna ETF or similar initiatives.\u003c/p\u003e","post_number":44,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T09:54:30.709Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":0,"reads":16,"readers_count":15,"score":33.2,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":2}],"moderator":false,"admin":false,"staff":false,"user_id":83,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/44","reactions":[{"id":"+1","type":"emoji","count":1},{"id":"heart","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":2,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":184,"name":null,"username":"Vegas","avatar_template":"/user_avatar/forum.phoenix.money/vegas/{size}/77_2.png","created_at":"2026-10-19T10:21:01.468Z","cooked":"\u003cp\u003eJust because no names have been put forward yet doesn’t mean we should rule this out. Doing so could discourage potential candidates from even considering it.\u003c/p\u003e\n\u003cp\u003eIf the existing standing Supervisor can handle this fairly and independently, then perfect. But I think we should wait for Rose’s clarification first.\u003c/p\u003e\n\u003cp\u003eIf the current Supervisor isn’t able to cover what’s needed, then we could open a separate proposal outlining the requirements and duties for three independent supervisors, allowing people to apply and the community to choose.\u003c/p\u003e\n\u003cp\u003eFor now, I think the best thing is to wait for Rose’s reply before jumping to conclusions.\u003c/p\u003e","post_number":45,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T10:21:01.468Z","reply_count":0,"reply_to_post_number":43,"quote_count":0,"incoming_link_count":3,"reads":13,"readers_count":12,"score":17.6,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":2,"username":"Rebel_Defi","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/rebel_defi/{size}/9_2.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":79,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/45","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":185,"name":null,"username":"Rarma","avatar_template":"/letter_avatar_proxy/v4/letter/r/3bc359/{size}.png","created_at":"2026-10-19T11:09:30.659Z","cooked":"\u003cp\u003e\u003ca class=\"mention\" href=\"/u/0xphilipp\"\u003e@0xPhilipp\u003c/a\u003e, you asked about my motivation (\u003ca href=\"https://forum.phoenix.money/t/47/41\"\u003epost 41\u003c/a\u003e). It’s what my posts have asked for: that the Foundation follows its own Bylaws, and that whatever standard is applied to one Director is applied to all four. That includes the concerns in A272, which should be reviewed on the same terms as everything else.\u003c/p\u003e\n\u003cp\u003eYou say I “previously posted a now-deleted personal attack” about you on Twitter, a claim you also made in \u003ca href=\"https://forum.phoenix.money/t/47/38\"\u003epost 38\u003c/a\u003e. In \u003ca href=\"https://forum.phoenix.money/t/47/25\"\u003epost 25\u003c/a\u003e you reminded MaxP that Terra’s Code of Conduct and \u003ca href=\"https://terra-money.notion.site/Community-Guidelines-a8f707de0b7d4164922452d53a49cbbf\" rel=\"noopener nofollow ugc\"\u003eCommunity Guidelines\u003c/a\u003e emphasize “constructive criticism supported by evidence” and “avoiding personal attacks”, and you objected to his “unbased personal accusations”. I’d ask you to meet the same standard: share the evidence for that claim, or withdraw it along with the other personal accusations in posts 38 and 41.\u003c/p\u003e\n\u003cp\u003eWhether I hold LUNA, and an X post from a year ago, have no bearing on whether anything I’ve posted is accurate. The guidelines set no such test: they say “your participation truly counts” and ask that criticism be “clearly backed up by data”. Every point I’ve made links to the Bylaws, a forum post or the chain. If any of it is wrong, say which.\u003c/p\u003e\n\u003cp\u003eIn post 38 you also said widening the review would “derail” this process. Your last two posts turn from the proposal to me.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhere things stand\u003c/strong\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eScope.\u003c/strong\u003e After \u003ca href=\"https://forum.phoenix.money/t/47/39\"\u003epost 39\u003c/a\u003e, you added “the conduct of any Director where relevant” to item 3 (\u003ca href=\"https://forum.phoenix.money/t/47/1\"\u003epost 1\u003c/a\u003e, edited 19 October). Thank you. Item 1 still defines the Adverse Event by reference to A272, and under 2.6.2 the reviewer can act only on that Adverse Event. MB says “The scope of this prop is not going to be changed” (\u003ca href=\"https://forum.phoenix.money/t/47/40\"\u003epost 40\u003c/a\u003e).\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eThe premise.\u003c/strong\u003e You and MB say the circumstances meet the Bylaws’ definition of an Adverse Event (\u003ca href=\"https://forum.phoenix.money/t/47/1\"\u003epost 1\u003c/a\u003e, \u003ca href=\"https://forum.phoenix.money/t/47/35\"\u003epost 35\u003c/a\u003e). Rose does “not believe a failed vote alone establishes an Adverse Event” (\u003ca href=\"https://forum.phoenix.money/t/47/30\"\u003epost 30\u003c/a\u003e). Vini says “The Foundation is functional” (\u003ca href=\"https://forum.phoenix.money/t/47/3\"\u003epost 3\u003c/a\u003e).\u003c/li\u003e\n\u003cli\u003e\u003cstrong\u003eThe standing Supervisor.\u003c/strong\u003e The Bylaws require one “at all times” (2.5.1). You say one was appointed under the Articles “from incorporation” (\u003ca href=\"https://forum.phoenix.money/t/47/28\"\u003epost 28\u003c/a\u003e). As of \u003ca href=\"https://forum.phoenix.money/t/47/31\"\u003epost 31\u003c/a\u003e, Rose was awaiting confirmation whether that appointment “remains current”. No Director has confirmed that the Supervisor is in office today, or that it has been asked to act. Vegas suggests waiting for Rose’s answer before going further (\u003ca href=\"https://forum.phoenix.money/t/47/45\"\u003epost 45\u003c/a\u003e).\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cstrong\u003eBefore voting, check whether:\u003c/strong\u003e\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003ethe on-chain text keeps item 3’s new wording, and item 1 defines the Adverse Event broadly enough for that review to reach it (2.6.2);\u003c/li\u003e\n\u003cli\u003ethe Board has confirmed whether the Supervisor named in the Articles is in office (2.5.1);\u003c/li\u003e\n\u003cli\u003ethe “established governance and conflict-of-interest procedures” A272 relies on have been identified, and applied to all four Directors.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eI’ve said what I came to say. The thread is here for the Terra community to read and decide.\u003c/p\u003e","post_number":46,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T11:09:30.659Z","reply_count":0,"reply_to_post_number":41,"quote_count":0,"incoming_link_count":0,"reads":15,"readers_count":14,"score":3.0,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://terra-money.notion.site/Community-Guidelines-a8f707de0b7d4164922452d53a49cbbf","internal":false,"reflection":false,"title":"Notion","clicks":0}],"read":true,"user_title":null,"reply_to_user":{"id":3,"username":"0xPhilipp","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":78,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/46","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":186,"name":null,"username":"cryptobull","avatar_template":"/letter_avatar_proxy/v4/letter/c/e36b37/{size}.png","created_at":"2026-10-19T11:31:26.462Z","cooked":"\u003ch1\u003e\u003ca name=\"p-186-support-for-the-emergency-supervisor-proposal-1\" class=\"anchor\" href=\"#p-186-support-for-the-emergency-supervisor-proposal-1\" aria-label=\"Heading link\"\u003e\u003c/a\u003e\u003cstrong\u003eSupport for the Emergency Supervisor Proposal\u003c/strong\u003e\u003c/h1\u003e\n\u003cp\u003e\u003cstrong\u003eA practical path out of a 2-2 stalemate.\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe Phoenix Foundation has a problem it cannot solve on its own. Proposal A272 ended in a 2-2 deadlock among the Stewardship Directors. When a governing body splits evenly on a question about its own composition, the usual tools stop working. That is not a failure of anyone’s character. It is a structural reality. You need an outside mechanism, and the Bylaws already provide one.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy this proposal fits the moment.\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThis is not a power grab dressed up as an emergency. The Emergency Supervisor role exists for exactly this situation a specific Adverse Event that the Foundation’s internal bodies cannot resolve. The appointment is temporary, capped at four weeks, and limited to this single matter. The supervisor does not take over the Foundation. They investigate, hear from all four Directors, review the records, and determine how to resolve the deadlock. That is a narrow mandate with a clear exit.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe standing supervisor question deserves a straight answer.\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eYou will see questions about whether the existing standing supervisor should handle this first. Fair point. The Bylaws do give that role broad compliance oversight. But the Bylaws also treat the Emergency Supervisor as an additional role with distinct powers the express authority to act in the Foundation’s name, the power to instruct a Stewardship removal, and the ability to issue binding directives on Ops and Treasury funds while appointed. The standing supervisor is not required to adjudicate this dispute, and waiting for that role to act adds delay without adding clarity. The Emergency Supervisor is the instrument built for independent investigation and remedy. Use it.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe community picks the person, not the Directors.\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThis is the part that matters most. The proposal does not let either side of the deadlock choose the referee. Candidates are discussed openly, and the community selects the supervisor through governance. The eligibility bar is strict: no financial ties to the Foundation or any Director, no pending funding applications, no recent governance role, and no public position on A272. Two names have surfaced, Ray Raspberry and Martin, both long-term Terra community members with relevant experience. Three of the four Directors have acknowledged them as potential candidates. That is not an endorsement. It is a starting point for community review.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat you get by supporting this.\u003c/strong\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eA time-limited, independent process instead of an endless forum loop.\u003c/li\u003e\n\u003cli\u003eA decision made with full access to the legal documents and internal records.\u003c/li\u003e\n\u003cli\u003eA supervisor accountable to Terra Governance, not to either faction inside the Foundation.\u003c/li\u003e\n\u003cli\u003eA clear precedent: when the Foundation cannot govern itself, the community steps in through the Bylaws, not around them.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThe alternative is to leave a 2-2 deadlock unresolved and hope it sorts itself out. It will not. Deadlocks do not age well. They harden. They breed suspicion. They turn every routine decision into a proxy fight. You have a Bylaws mechanism designed for this exact scenario. It is temporary. It is independent. It is community-controlled.  \u003cstrong\u003eSupport the proposal completely and let the process do its job.\u003c/strong\u003e\u003c/p\u003e","post_number":47,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T11:31:26.462Z","reply_count":1,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":1,"reads":15,"readers_count":14,"score":28.0,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":1}],"moderator":false,"admin":false,"staff":false,"user_id":15,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/47","reactions":[{"id":"heart","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":1,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":187,"name":null,"username":"PhoenixPinion","avatar_template":"/user_avatar/forum.phoenix.money/phoenixpinion/{size}/49_2.png","created_at":"2026-10-19T11:51:20.709Z","cooked":"\u003cp\u003eExcuse me, I had to step in here. Because some of you seem to believe as if a 50% vote is a deadlock. It’s just a failed vote. Treshold for passing in a 3 out of 4 member system is 75% . This is arguably higher than a 3 out of 5 (60%) or a 4 out of 6 member (66%) system.\u003c/p\u003e\n\u003cp\u003eHowever, this is the only system that works in a 4 member DAO and if you wish to reduce that treshold then you need to add members. Reducing members to 3 is not an option due to the risks of 2 people “deadlock” it carries. And as such I would have also voted No on proposal A272. 2 people can essentially win every proposal, making the third member and hence the DAO irrelevant (u might aswell just hand them the treasury on silver platter). That is the real danger that many of you seem to miss.\u003c/p\u003e\n\u003cp\u003eSo I consider the appointment of a supervisor irrelevant to the real discussion at hand because it doesn’t solve the problem. Which there isn’t actually. It’s just some are displeased with the outcome of proposal A272 . And as a long term Luna hodler, I am definitely not.\u003c/p\u003e","post_number":48,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T11:51:20.709Z","reply_count":1,"reply_to_post_number":47,"quote_count":0,"incoming_link_count":4,"reads":14,"readers_count":13,"score":27.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":15,"username":"cryptobull","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/c/e36b37/{size}.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":62,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"user_suspended":true,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/48","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":188,"name":null,"username":"cryptobull","avatar_template":"/letter_avatar_proxy/v4/letter/c/e36b37/{size}.png","created_at":"2026-10-19T12:06:23.152Z","cooked":"\u003cp\u003eYou raise a fair technical point, PhoenixPinion. A 2-2 vote is a failed vote under the current rules. The 75% threshold is deliberate, and I agree we should not lower it. Changing the membership structure carries real risks.\u003c/p\u003e\n\u003cp\u003eBut here is where I see it differently. The question on the table is not whether the threshold is correct. The question is what happens when a failed vote leaves the Foundation unable to function. You call the supervisor irrelevant. I call it the only tool we have that does not require rewriting the rules or reshuffling the Directors.\u003c/p\u003e\n\u003cp\u003eThink about the practical reality. The Foundation has four Directors. Two support A272. Two oppose it. That split will not break on its own. Every future proposal touching governance or composition will hit the same wall. You said it yourself: reducing members to three is not an option. Adding members takes time and consensus. Lowering the threshold is a bad idea. So what is left?\u003c/p\u003e\n\u003cp\u003eThe Emergency Supervisor does not change the 75% rule. It does not shrink the board. It does not hand anyone the treasury. It creates a temporary, independent process to resolve this dead end. Four weeks. One matter. A supervisor chosen by the community, not by either faction. That is the narrowest possible intervention.\u003c/p\u003e\n\u003cp\u003ePassing this proposal is the only way forward that respects the Bylaws as they stand. Reject it, and you are left with a failed vote and no mechanism to move past it. The deadlock stays. The suspicion grows. Routine decisions become proxy fights. You said the real discussion is about the threshold. Fine. But you cannot have that discussion while the Foundation is stuck. The supervisor clears the path so that discussion can happen.\u003c/p\u003e\n\u003cp\u003eSupport the proposal. Not because the threshold is wrong. Because a failed vote with no exit is worse than a temporary referee with a clear mandate.\u003c/p\u003e","post_number":49,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T12:08:15.561Z","reply_count":1,"reply_to_post_number":48,"quote_count":0,"incoming_link_count":0,"reads":14,"readers_count":13,"score":7.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":62,"username":"PhoenixPinion","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/phoenixpinion/{size}/49_2.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":15,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/49","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":189,"name":null,"username":"PhoenixPinion","avatar_template":"/user_avatar/forum.phoenix.money/phoenixpinion/{size}/49_2.png","created_at":"2026-10-19T12:43:39.160Z","cooked":"\u003cp\u003eYou’re incorrect about every future proposal hitting a wall, because some have already passed just now. Proposal A272 failed because it was a terrible proposal. Not because there weren’t worthy points raised, but because it would have changed the foundation to a risky 3 member setup. The proposal was not just about removing Vini, it was about reducing the treshold from 3 to 2 and making the 3rd remaining member irrelevant.\u003c/p\u003e\n\u003cp\u003eSorry for seeing through everything guys. It’s not my fault my mommy gave me such good DNA\u003c/p\u003e","post_number":50,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T12:43:39.160Z","reply_count":1,"reply_to_post_number":49,"quote_count":0,"incoming_link_count":0,"reads":14,"readers_count":13,"score":22.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":15,"username":"cryptobull","name":null,"avatar_template":"/letter_avatar_proxy/v4/letter/c/e36b37/{size}.png"},"bookmarked":false,"actions_summary":[{"id":2,"count":1}],"moderator":false,"admin":false,"staff":false,"user_id":62,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"user_suspended":true,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/50","reactions":[{"id":"heart","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":1,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":190,"name":null,"username":"cryptobull","avatar_template":"/letter_avatar_proxy/v4/letter/c/e36b37/{size}.png","created_at":"2026-10-19T13:21:50.361Z","cooked":"\u003cp\u003ePhoenixPinion, your arithmetic is right. Your conclusion is where we part ways.\u003c/p\u003e\n\u003cp\u003eThe 75% threshold in a four-member body is not an accident. It protects the DAO from two people capturing every outcome.\u003c/p\u003e\n\u003cp\u003eBut here is the operational fact you keep sliding past. A failed vote is a static event. A 2-2 split on a composition question is not static. It repeats. Every proposal touching governance hits the same wall. Every funding decision becomes a proxy fight. The Foundation stops functioning as a decision-making body. That is not “some are displeased with the outcome.” That is a structural fault.\u003c/p\u003e\n\u003cp\u003eYou call the supervisor irrelevant because it does not solve the threshold problem. Correct. It does not change the 75% rule. It does not shrink the board. It does not touch the treasury. What it does is narrower and more useful it creates a four-week, community-selected process to break the procedural block so the threshold debate you want to have can actually happen on a functioning Foundation.\u003c/p\u003e\n\u003cp\u003eHere is the technical point. The Bylaws define the Emergency Supervisor as a remedy for a continuing Adverse Event that the internal bodies cannot resolve. A 2-2 deadlock on composition is not a policy disagreement anymore. It is a continuing inability to govern. The supervisor investigates, hears all four Directors, and issues a determination. That is not a workaround. That is the mechanism the rules already provide.\u003c/p\u003e\n\u003cp\u003ePassing this proposal is the only path that does not require rewriting the rules you just defended. Reject it, and you keep the threshold, keep the board size, and keep the deadlock. You lose nothing by letting an independent referee clear the block. You gain a Foundation that can actually vote on the next thing.\u003c/p\u003e\n\u003cp\u003eSupport the proposal. Keep the 75%. Use the tool built for exactly this situation.\u003c/p\u003e","post_number":51,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T13:22:47.402Z","reply_count":0,"reply_to_post_number":50,"quote_count":0,"incoming_link_count":2,"reads":13,"readers_count":12,"score":72.6,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":62,"username":"PhoenixPinion","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/phoenixpinion/{size}/49_2.png"},"bookmarked":false,"actions_summary":[{"id":2,"count":2}],"moderator":false,"admin":false,"staff":false,"user_id":15,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/51","reactions":[{"id":"heart","type":"emoji","count":2}],"current_user_reaction":null,"reaction_users_count":2,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":192,"name":"Niemin1","username":"Niemin1","avatar_template":"/letter_avatar_proxy/v4/letter/n/77aa72/{size}.png","created_at":"2026-10-19T16:09:18.563Z","cooked":"\u003cp\u003eHello everyone,\u003c/p\u003e\n\u003cp\u003eI asked on Telegram why not 5 Stewardship Directors instead of an Emergency Supervisor. Philipp’s answer was that accountability has to come first, otherwise we’d be entrenching the dysfunction. I agree accountability comes first. I just don’t think it’s one or the other, and I’m clearly not the only one thinking about board size here: defi_patriot and David mentioned 5 or 7, and Rose said she’d rather expand the multisig than concentrate it.\u003c/p\u003e\n\u003cp\u003eThe way I see it, the Emergency Supervisor looks into the A272 concerns first, hears all four Directors and reports back. If someone has to go after that, the decision comes back to Terra governance with the report in hand, and with a replacement on the same vote, like defi_patriot suggested. In the meantime we start an open process to get to 5.\u003c/p\u003e\n\u003cp\u003eAdding seats doesn’t shield anyone from the review. It just means that once it’s done, we’re not one disagreement away from another 2-2, and we don’t go down to 3 either.\u003c/p\u003e\n\u003cp\u003e\u003ca class=\"mention\" href=\"/u/cryptobull\"\u003e@cryptobull\u003c/a\u003e growing the board isn’t rewriting the rules, the Bylaws already tie the number of Directors to the multisig. It does take time and consensus, which is exactly why it’s worth starting now and not after.\u003c/p\u003e","post_number":52,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T16:10:38.212Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":0,"reads":10,"readers_count":9,"score":2.0,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":"Niemin1","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":85,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/52","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":193,"name":"Cordt","username":"MaxP","avatar_template":"/user_avatar/forum.phoenix.money/maxp/{size}/81_2.png","created_at":"2026-10-19T16:35:26.316Z","cooked":"\u003cp\u003eThe difference between me calling this a witch hunt and you tastelessly attacking the character of your colleague in public is that I provided evidence to support the claim.\u003c/p\u003e\n\u003cp\u003eYou haven’t even attempted to engage in any discussion or give a constructive response to anything. So far, all I have seen is a whole lot of excuses being made, people being told “you don’t know what you’re talking about (just trust me bro..)”, moving the goal posts by making additional accusations when previous ones were shown to be invalid according to your own bylaws, or that you yourself are guilty of the same thing, and a couple users who just happen to be on your payroll jummping in to redirect or to repeat the same nonsense that has already been addressed, both here and on Telegram.\u003c/p\u003e\n\u003cp\u003eSo again, I would appreciate if you could find the time in your no doubt extremely busy schedule to address the comments in my original post.\u003c/p\u003e","post_number":53,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T16:36:09.303Z","reply_count":0,"reply_to_post_number":25,"quote_count":0,"incoming_link_count":0,"reads":9,"readers_count":8,"score":1.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":"Cordt","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","reply_to_user":{"id":3,"username":"0xPhilipp","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png"},"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":80,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"user_suspended":true,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/53","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":194,"name":null,"username":"Ex_TFL","avatar_template":"/user_avatar/forum.phoenix.money/ex_tfl/{size}/92_2.png","created_at":"2026-10-19T16:52:57.598Z","cooked":"\u003cp\u003e\u003cstrong\u003eTerra should fully reject this attempt at governance capture by a financially interconnected group\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe most relevant questions here are: who can authorize spending, who benefits from it, who controls implementation of it and whose consent can be ignored. The same few connected individuals occupy these functions\u003c/p\u003e\n\u003cp\u003eFew here seem to understand the implications of these decisions, so I’ll outline them:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003e\u003cstrong\u003eA272 seeks to reduce the threshold from 75% to 60%\u003c/strong\u003e. Today, Philipp and MB need Rose or Vini to approve proposals. With 3 equal remaining seats, they would only need each other to pass proposals\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eRose would therefore remain a director while losing all ability to stop unreasonable decisions. Keeping 1 (potentially) dissenting person in the 3rd seat is not a safeguard against anything if their consent is no longer needed\u003c/p\u003e\n\u003cp\u003eIn the past, a proposal could be refused on the basis of unreasonableness (as with the original 150K Estima request). Now, it cannot\u003c/p\u003e\n\u003col start=\"2\"\u003e\n\u003cli\u003e\u003cstrong\u003ePhilipp and MB’s long term alignment and commercial relationship must be critically assessed:\u003c/strong\u003e\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eIn all 119 proposals where Philipp and MB voted, both voted YES: \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg\" rel=\"noopener nofollow ugc\"\u003eVoting history\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eTheir connection involves money. Self-voted distributions to Philipp, MB and Rebel by themselves show long term commercial interests among people participating in foundation governance, review and advocacy. Example: \u003ca href=\"https://rest-archive.neutron.solva.solutions/cosmos/tx/v1beta1/txs/1DE81BB81938CD27B89D3ED16A04E5D3404956F3EDE1963FB2F2587F446B6243\" rel=\"noopener nofollow ugc\"\u003edistribution transaction\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eGiven the past, they should be considered one financially aligned voting bloc\u003c/p\u003e\n\u003col start=\"3\"\u003e\n\u003cli\u003eEven more critically, Philipp has consistently retained, reassigned and exercised authority he stated would be handed back\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eFor example, his TLA proposal dated \u003cstrong\u003e12 August 2024\u003c/strong\u003e, archived in the original Phoenix repository, states:\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003e“Contract Admin will be transferred to PD Stewardship after 1 month.”\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cblockquote\u003e\n\u003cp\u003e“Ownership transferred to PD Stewardship after 3 months.”\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cp\u003e\u003ca href=\"https://github.com/phoenix-directive/docs/blob/7cebbd26048f0e1568a2aed55177090b90788d8b/common_backup/2024-08-12_24385_launching-terra-liquidity-alliance.md#L168-L169\" rel=\"noopener nofollow ugc\"\u003eExact wording in the original GitHub repository\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eWhile subsequent transactions show continued control and the exercising of control:\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e8 October 2024:\u003c/strong\u003e his configuration wallet reassigned the Treasury configuration role to itself, after assigning it to the board the previous day. \u003ca href=\"https://chainsco.pe/terra2/tx/B71CF351EB8A85620E18821288C35A4C73DD6B43B9751C08E937C8AC9FCEAF2F\" rel=\"noopener nofollow ugc\"\u003eTransaction\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e1 October 2025:\u003c/strong\u003e that wallet changed the registry’s fee recipient from the board to the Eris fee account. \u003ca href=\"https://chainsco.pe/terra2/tx/DC3118AA7A0A8BEC96AA7006074DF66A83321DEC0CEEDB2015B56AE83D80EB64\" rel=\"noopener nofollow ugc\"\u003eTransaction\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e23 September 2026:\u003c/strong\u003e the Treasury’s migration administrator moved between the two Philipp controlled Eris wallets identified in his own launch document, while stewardship was not made administrator: \u003ca href=\"https://chainsco.pe/terra2/tx/5202CA47D1B467EA0C2441B3EDF1B40674D8633EC232C0E06F32C7DCC38BF3D3\" rel=\"noopener nofollow ugc\"\u003eTransaction\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eThe original TLA handover did not happen. Later Treasury transactions show how those same wallets also exercised authority over Foundation infrastructure\u003c/p\u003e\n\u003cp\u003eAll of this, as well as multiple similar incidents, are fully on record in the original statements, wallet ownership records and transactions\u003c/p\u003e\n\u003cp\u003eThis is not arbitrary, it allows the theft or loss of all PF funds via contract change\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eLong term financial interests, voting influence, misrepresentations and improperly retained technical control must all be examined together\u003c/strong\u003e\u003c/p\u003e\n\u003col start=\"4\"\u003e\n\u003cli\u003eThe emergency supervisor proposal now contemplates a removal instruction without a binding replacement or transition to a structure that prevents that same concentration\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eIt’s also worth noting that the foundation continues to operate just fine: failure to approve the removal proposal did not create any operational paralysis\u003c/p\u003e\n\u003chr\u003e\n\u003cp\u003eThe practical response, given the original reasons for setting up PF, should be:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003eFully reject any transition that makes Philipp and MB sufficient authority to approve proposals alone\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eAlways require financial relationships and beneficiaries to be disclosed in future\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eComplete stated handovers of technical authority from 2+ years ago that was retained and utilized\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eSupervisors suggested on the basis of long term friendship (Ray and Martin), who were both contacted in advance by Philipp, as above, must be rejected\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThey must be independent of friendship, financial interests and also examine proponents conduct under the same standards they invoke against others\u003c/p\u003e\n\u003cp\u003eImpartial scrutiny must be directed at directors payments, approvals and retained powers\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eFrom a high level, recent actions directly oppose the stated reason PF was setup\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eTerra and PF governance must always be able to refuse self-dealing and unilateral control\u003c/p\u003e\n\u003cp\u003eProposals should be judged on whether they preserve this ability to be fair, or remove it\u003c/p\u003e\n\u003cp\u003eRight now, there is a persistent attempt to remove the need for any consenting participant outside of the Philipp-MB financially aligned voting bloc\u003c/p\u003e\n\u003cp\u003eDocumented improper retention of administrative authority by Philipp makes promises of “accountability” and “reversals” later completely inadequate\u003c/p\u003e\n\u003cp\u003eGiven how far this has gone in the direction of governance capture, I’ve preserved all records for legal counsel. Those seeking expanded authority in opposition to the purpose of PF and the Terra community in general should expect their interests, representations, approvals and conduct to be examined in future\u003c/p\u003e\n\u003cp\u003eIn short: I oppose this appointment package unless all protections are first secured\u003c/p\u003e\n\u003cp\u003eThe Terra community should \u003cstrong\u003enever\u003c/strong\u003e authorize a process that can leave a long term financially connected and self-dealing pair sufficient to approve proposals alone\u003c/p\u003e","post_number":54,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T16:52:57.598Z","reply_count":1,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":11,"reads":9,"readers_count":8,"score":61.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://rest-archive.neutron.solva.solutions/cosmos/tx/v1beta1/txs/1DE81BB81938CD27B89D3ED16A04E5D3404956F3EDE1963FB2F2587F446B6243","internal":false,"reflection":false,"clicks":4},{"url":"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg","internal":false,"reflection":false,"title":"Phoenix DAOs","clicks":3},{"url":"https://github.com/phoenix-directive/docs/blob/7cebbd26048f0e1568a2aed55177090b90788d8b/common_backup/2024-08-12_24385_launching-terra-liquidity-alliance.md#L168-L169","internal":false,"reflection":false,"title":"docs/common_backup/2024-08-12_24385_launching-terra-liquidity-alliance.md at 7cebbd26048f0e1568a2aed55177090b90788d8b · phoenix-directive/docs · GitHub","clicks":2},{"url":"https://chainsco.pe/terra2/tx/B71CF351EB8A85620E18821288C35A4C73DD6B43B9751C08E937C8AC9FCEAF2F","internal":false,"reflection":false,"title":"chainscope","clicks":2},{"url":"https://chainsco.pe/terra2/tx/5202CA47D1B467EA0C2441B3EDF1B40674D8633EC232C0E06F32C7DCC38BF3D3","internal":false,"reflection":false,"title":"chainscope","clicks":0},{"url":"https://chainsco.pe/terra2/tx/DC3118AA7A0A8BEC96AA7006074DF66A83321DEC0CEEDB2015B56AE83D80EB64","internal":false,"reflection":false,"title":"chainscope","clicks":0}],"read":true,"user_title":null,"bookmarked":false,"actions_summary":[],"moderator":false,"admin":false,"staff":false,"user_id":84,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/54","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":195,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-19T20:54:48.315Z","cooked":"\u003cp\u003eBefore anything else, please disclose your identity and any potential conflicts of interest, including any relationships with current PF Directors. Given the seriousness of your accusations, transparency should apply to you as well.\u003c/p\u003e\n\u003cp\u003eAs A272 makes clear, I have serious and longstanding concerns about the current Board’s ability to act in accordance with its mandate and Terra’s best interests. These concerns are supported by internal discussions.\u003c/p\u003e\n\u003cp\u003eThe TLA contracts remain under ERIS administration because ERIS continues to develop, maintain and operate them. Given my unresolved concerns about the current Board, ERIS Team has not considered transferring that authority appropriate. This is not something I am trying to conceal, and the Emergency Supervisor is welcome to examine it alongside everything else.\u003c/p\u003e\n\u003cp\u003eYour accusation of coordinated voting is baseless. \u003cstrong\u003eThere is no voting agreement between MB and me.\u003c/strong\u003e Reaching the same conclusions independently does not constitute coordination or governance capture. Similar accusations have already been made internally, and I welcome an independent Emergency Supervisor examining them alongside the underlying evidence. \u003cstrong\u003eSerious allegations of this nature demand serious evidence, and if they are found to have been made in bad faith, that should carry consequences as well.\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eInvoking legal counsel and suggesting consequences for those supporting this proposal appears intended to pressure the governance process toward your preferred outcome. That is a dangerous precedent for Terra Governance, particularly when the proposal seeks nothing more than an independent review of the Foundation’s internal situation and a remedy to resolve it.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe proposal seeks independent scrutiny, not immunity from scrutiny.\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eNothing in this proposal predetermines the final governance structure. If the Emergency Supervisor concludes that a five-member Board with a 3-of-5 threshold is the appropriate solution, that recommendation can be brought forward. The purpose is to establish an independent process capable of reaching conclusions based on evidence, rather than allowing those currently involved in the dispute or those looking from the outside with personal agendas to dictate the outcome.\u003c/p\u003e\n\u003cp\u003eIt is increasingly concerning how much effort is being directed toward preventing that independent review from even beginning. This raises serious questions about why a process intended to establish accountability is being met with such resistance. And serious substance from A272 about chain and user funds safety is ignored.\u003c/p\u003e\n\u003cp\u003eThis will be my final response on the matter, due to legal threats made. Constructive discussion appears to have run its course, and I intend to submit the proposal on-chain in the coming days so that the Foundation can move toward resolving these issues and functioning effectively again.\u003c/p\u003e\n\u003cp\u003eValidators know who has been here and fighting for Terra and who wasn’t. Don’t let Terra become Terra Classic.\u003c/p\u003e","post_number":55,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T21:17:51.092Z","reply_count":0,"reply_to_post_number":54,"quote_count":0,"incoming_link_count":0,"reads":7,"readers_count":6,"score":1.4,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"reply_to_user":{"id":84,"username":"Ex_TFL","name":null,"avatar_template":"/user_avatar/forum.phoenix.money/ex_tfl/{size}/92_2.png"},"bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/55","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":196,"name":null,"username":"Ex_TFL","avatar_template":"/user_avatar/forum.phoenix.money/ex_tfl/{size}/92_2.png","created_at":"2026-10-19T21:37:45.379Z","cooked":"\u003cp\u003eYou reply confirms the central problem:\u003c/p\u003e\n\u003cp\u003eYou believe your own personal judgment entitles you to withhold powers after publicly committing to transfer them\u003c/p\u003e\n\u003cp\u003eYour own TLA proposal specified transfer of administration after one month and transfer of contract ownership after three months\u003c/p\u003e\n\u003cp\u003eIt contained no condition requiring the board to retain your confidence\u003c/p\u003e\n\u003cp\u003eIdentify the decision authorizing departure from these terms:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003ewho approved it?\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eunder what authority?\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003ewhen?\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eYour reply supplies a retrospective excuse for withholding control, 2 years after the fact. But it supplies no authorization and no transparent declaration at the time\u003c/p\u003e\n\u003cp\u003eYou exercised these powers frequently. The record includes changing the registry’s fee recipient from Stewardship to ERIS and,separately, moving Treasury migration administration between ERIS wallets\u003c/p\u003e\n\u003cp\u003eCollective oversight is non-existent if the person being overseen is misrepresenting control handovers and taking personal decisions about who receives control\u003c/p\u003e\n\u003chr\u003e\n\u003cp\u003eYour denial of voting coordination also deflects from the points raised\u003c/p\u003e\n\u003cp\u003eA272 expliclty proposed converting the board to a 2 of 3. You and MB supported it. It’s effect would be to make 2 approvals sufficient, despite your ongoing financial relationship (which is proven onchain), without requiring anyone outside your pairing to consent\u003c/p\u003e\n\u003cp\u003eEven in a situation where there is not coordination, there is no safeguard here against misuse\u003c/p\u003e\n\u003chr\u003e\n\u003cp\u003eThe suggestion is simple: will you make it a binding condition that any removal that does occur is only done so with an approved arrangement preventing you and MB becoming sufficient authority alone\u003c/p\u003e\n\u003cp\u003eI support investigation of every director. This involves payments, financial non-disclosure, performance, conflicts, misrepresentations, withheld control, security decisions, retained powers and more. This includes you\u003c/p\u003e\n\u003cp\u003eDemands for identity and appeals to loyalty have nothing to do with the essential facts: your published commitments, your documented financial relationships and payments, their related financial non-disclosures, nor the effect of A272\u003c/p\u003e\n\u003cp\u003eYou are asking the community to blindly trust a future process that could remove a director, wile offering no protection against you and MB\u003c/p\u003e\n\u003cp\u003eAll while overtly defending your own decision to withhold admin/ownership rights despite your public commitments, without identifying any approval or disclosure changing those commitments\u003c/p\u003e\n\u003cp\u003ePut your own conduct within the same explicit review mandate\u003c/p\u003e\n\u003cp\u003eValidators should fully reject this package before sufficient safeguards are in place\u003c/p\u003e\n\u003cp\u003eYou never had the right to make handovers conditional on your own approval of the people who were elected to oversee you\u003c/p\u003e\n\u003cp\u003eThe accountability relationship is reversed here: the person retaining power cannot reserve the right to decide when oversight is acceptable\u003c/p\u003e","post_number":56,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T21:37:45.379Z","reply_count":1,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":0,"reads":7,"readers_count":6,"score":21.4,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":1}],"moderator":false,"admin":false,"staff":false,"user_id":84,"hidden":false,"trust_level":1,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/56","reactions":[{"id":"+1","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":1,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":197,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-19T22:09:32.905Z","cooked":"\u003caside class=\"quote no-group\" data-username=\"Ex_TFL\" data-post=\"56\" data-topic=\"47\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg alt=\"\" width=\"24\" height=\"24\" src=\"https://forum.phoenix.money/user_avatar/forum.phoenix.money/ex_tfl/48/92_2.png\" class=\"avatar\"\u003e Ex_TFL:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eThe suggestion is simple: will you make it a binding condition that any removal that does occur is only done so with an approved arrangement preventing you and MB becoming sufficient authority alone\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eI couldn’t care less about such a clause. I have not taken a single action that I believe other independent, Terra-aligned Directors would not have supported. (Including putting up A272)\u003c/p\u003e\n\u003cp\u003eWhat I will not accept, however, is a governance structure that effectively grants individual Directors veto power or permanent job security. That was essentially the outcome of \u003cstrong\u003eRose’s alternative proposal\u003c/strong\u003e, previously shared publicly in a community group but since made private, which would have further entrenched both Rose and Vini and made future accountability nearly impossible.\u003c/p\u003e\n\u003cp\u003eThe reason I insist on separating removal from the appointment of new Directors is simple: no reasonable candidate would want to be dragged into an ongoing governance dispute.\u003c/p\u003e\n\u003cp\u003eWe have already approached two highly qualified potential Directors, including both new and former contributors, to bring fresh perspectives and experience to PF.\u003c/p\u003e\n\u003cp\u003eTo address concerns about a temporary 2-of-3 multisig, I am willing to make a \u003cstrong\u003elegally binding, off-chain commitment\u003c/strong\u003e to vote only No or Abstain during that period, \u003cstrong\u003eexcept on proposals necessary to onboard the new independent Directors\u003c/strong\u003e. I am already KYC-verified, so I have no issue formalizing that commitment.\u003c/p\u003e\n\u003cp\u003eBut the two processes must remain separate. New Directors should join to help build PF’s future, not be forced to take sides in a dispute they had nothing to do with.\u003c/p\u003e","post_number":57,"post_type":1,"posts_count":57,"updated_at":"2026-10-19T22:16:30.345Z","reply_count":0,"reply_to_post_number":56,"quote_count":1,"incoming_link_count":0,"reads":5,"readers_count":4,"score":0.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/57","reactions":[],"current_user_reaction":null,"reaction_users_count":0,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null}]},"id":47}