Profile of 0xJohn in Optimism

Posts by 0xJohn

• Allocate 1M OP tokens to independent Recovery Agents or Bounty Hunters to apprehend and recover from Perpetual Protocol scammers by 0xJohn - No Role
  Posted on: July 21, 2022, 10 a.m.
  Content: A functional DAO must have means and mechanism to enforce its interests incase parties to the DAO decide to scam the DAO. While it does not make any sense to engage law enforcement, nor are such actions in the interest of decentralised communities, that doesnt mean a DAO should not have the ability to enforce its collective interests in the face of adversaries and bad faith actors who decide to scam the community. One of the way this can be done is by putting up a public bounty so that independent recovery agents or bounty hunters can be incentivised to deliver the bounty to the Optimism Collective, and in return they can collect their share of the reward. In this regard, it is now proposed to allocate 1 M OP tokens as a public bounty for the capture of Perpetual Protocol developers who have scammed the Optimism Collective. The modus operandi of the scam perpetuated by the Perpetual Protocol developers and team is outlined here: Perpetual Protocol: Optimism Governance's First Failure 11 In summary, The Perp v 1 protocol suffered millions in losses due to volatile market conditions that have nothing to do with Optimism Collective, To offset the losses sustained by them, the Perpetual Protocol team have used the grants provided by Optimism Collective to fill holes in their pocket, despite promising they would use the OP token grants to increase protocol liquidity. An analysis of wallets that received the OP token shows that an overwhelming majority of the tokens (> 70 %) were funnelled back to wallets owned by the Perpetual Protocol team, and were dumped for stablecoins. As per this proposal, the Optimism Collective will allocate a 1 M OP token reward for any bounty hunter or recovery agent who can recover the equivalent amount of OP tokens that the Perpetual Protocol have scammed the Optimism Collective. Once the bounty proposal has passed the governance, the bounty will be publicised on asset recovery forums and groups, so that interested recovery agents can put forth their proposals to the Optimism Collective.
  Likes: 0 Replies: 1
  No likes yet.
  Replies:

  • Jeremylau: Obviously, the perpetual protocol airdrop OP event to users proves that the perpetual protocol is a bad team. Ostensibly to give back to the user. In fact, it is to use users to achieve the purpose of cashing out. Many users only got 0.1 or 0.2 OP. A large number of OPs were airdropped into the project party’s own wallet.
• Perpetual Protocol: Optimism Governance’s First Failure by 0xJohn - No Role
  Posted on: July 21, 2022, 8:59 a.m.
  Content: Perp basically just distributed the funds among themselves and used “liquidity provider” excuse to funnel the funds back to themselves, knowing well that most of the liquidity providers were their own team wallets. This is nothing more than an elaborate scam. Disgusting.
  Likes: 1 Replies: 0
  Likers: fractalvisions
  No replies yet.
• Allocate 1M OP tokens to independent Recovery Agents or Bounty Hunters to apprehend and recover from Perpetual Protocol scammers by 0xJohn - No Role
  Posted on: July 21, 2022, 6 a.m.
  Content: A functional DAO must have means and mechanism to enforce its interests incase parties to the DAO decide to scam the DAO. While it does not make any sense to engage law enforcement, nor are such actions in the interest of decentralised communities, that doesnt mean a DAO should not have the ability to enforce its collective interests in the face of adversaries and bad faith actors who decide to scam the community. One of the way this can be done is by putting up a public bounty so that independent recovery agents or bounty hunters can be incentivised to deliver the bounty to the Optimism Collective, and in return they can collect their share of the reward. In this regard, it is now proposed to allocate 1 M OP tokens as a public bounty for the capture of Perpetual Protocol developers who have scammed the Optimism Collective. The modus operandi of the scam perpetuated by the Perpetual Protocol developers and team is outlined here: Perpetual Protocol: Optimism Governance's First Failure In summary, The Perp v 1 protocol suffered millions in losses due to volatile market conditions that have nothing to do with Optimism Collective, To offset the losses sustained by them, the Perpetual Protocol team have used the grants provided by Optimism Collective to fill holes in their pocket, despite promising they would use the OP token grants to increase protocol liquidity. An analysis of wallets that received the OP token shows that an overwhelming majority of the tokens (> 70 %) were funnelled back to wallets owned by the Perpetual Protocol team, and were dumped for stablecoins. As per this proposal, the Optimism Collective will allocate a 1 M OP token reward for any bounty hunter or recovery agent who can recover the equivalent amount of OP tokens that the Perpetual Protocol have scammed the Optimism Collective. Once the bounty proposal has passed the governance, the bounty will be publicised on asset recovery forums and groups, so that interested recovery agents can put forth their proposals to the Optimism Collective.
  Likes: 0 Replies: 1
  No likes yet.
  Replies:

  • Jeremylau: Obviously, the perpetual protocol airdrop OP event to users proves that the perpetual protocol is a bad team. Ostensibly to give back to the user. In fact, it is to use users to achieve the purpose of cashing out. Many users only got 0.1 or 0.2 OP. A large number of OPs were airdropped into the project party’s own wallet.
• Allocate 1M OP tokens to independent Recovery Agents or Bounty Hunters to apprehend and recover from Perpetual Protocol scammers by 0xJohn - No Role
  Posted on: July 21, 2022, 6 a.m.
  Content: A functional DAO must have means and mechanism to enforce its interests incase parties to the DAO decide to scam the DAO. While it does not make any sense to engage law enforcement, nor are such actions in the interest of decentralised communities, that doesnt mean a DAO should not have the ability to enforce its collective interests in the face of adversaries and bad faith actors who decide to scam the community. One of the way this can be done is by putting up a public bounty so that independent recovery agents or bounty hunters can be incentivised to deliver the bounty to the Optimism Collective, and in return they can collect their share of the reward. In this regard, it is now proposed to allocate 1 M OP tokens as a public bounty for the capture of Perpetual Protocol developers who have scammed the Optimism Collective. The modus operandi of the scam perpetuated by the Perpetual Protocol developers and team is outlined here: Perpetual Protocol: Optimism Governance's First Failure 12 In summary, The Perp v 1 protocol suffered millions in losses due to volatile market conditions that have nothing to do with Optimism Collective, To offset the losses sustained by them, the Perpetual Protocol team have used the grants provided by Optimism Collective to fill holes in their pocket, despite promising they would use the OP token grants to increase protocol liquidity. An analysis of wallets that received the OP token shows that an overwhelming majority of the tokens (> 70 %) were funnelled back to wallets owned by the Perpetual Protocol team, and were dumped for stablecoins. As per this proposal, the Optimism Collective will allocate a 1 M OP token reward for any bounty hunter or recovery agent who can recover the equivalent amount of OP tokens that the Perpetual Protocol have scammed the Optimism Collective. Once the bounty proposal has passed the governance, the bounty will be publicised on asset recovery forums and groups, so that interested recovery agents can put forth their proposals to the Optimism Collective.
  Likes: 0 Replies: 1
  No likes yet.
  Replies:

  • Jeremylau: Obviously, the perpetual protocol airdrop OP event to users proves that the perpetual protocol is a bad team. Ostensibly to give back to the user. In fact, it is to use users to achieve the purpose of cashing out. Many users only got 0.1 or 0.2 OP. A large number of OPs were airdropped into the project party’s own wallet.
• Perpetual Protocol: Optimism Governance’s First Failure by 0xJohn - No Role
  Posted on: July 21, 2022, 4:59 a.m.
  Content: Perp basically just distributed the funds among themselves and used “liquidity provider” excuse to funnel the funds back to themselves, knowing well that most of the liquidity providers were their own team wallets. This is nothing more than an elaborate scam. Disgusting.
  Likes: 1 Replies: 0
  Likers: FractalVisions
  No replies yet.
• Message to Optimism community from Wintermute by 0xJohn - No Role
  Posted on: June 8, 2022, 9:13 p.m.
  Content: Wintermute team, Please see this proposal - https://gov.optimism.io/t/questions-on-wintermutes-mistake-and-wintermute-are-you-ready-to-make-an-offer-offer-to-the-attacker-they-send-you- 19 m-op-you-send-them-usdc-problem-solved/ 2601 / 2 335 Your inputs are appreciated. Thank you.
  Likes: 2 Replies: 0
  Likers: joxes, ermao
  No replies yet.
• Questions on Wintermute’s mistake, and Wintermute - are you ready to make an offer offer to the attacker? They send you 19M OP, you send them USDC. Problem solved by 0xJohn - No Role
  Posted on: June 8, 2022, 9:12 p.m.
  Content: Question 1 : According to OP’s tweet: twitter.com Optimism (✨?_?✨) 20 @optimismPBC The Optimism Foundation sent two separate test transactions, and upon Wintermute’s confirmation for each, sent the rest. 1 : 21 PM - 8 Jun 2022 28 1 The Optimism Foundation sent two separate test transactions, and upon Wintermute’s confirmation for each, sent the rest. What exactly did you test and confirm, Wintermute? Please provide transparency on this. Question 2 : Now the attacker has 19 M OP tokens in his wallet. You claim you will buy an equivalent amount whenever the attacker sells. Why dont you make an open offer to the attacker - Attacker sends you 19 M OP, you send them equivalent USDC/ETH whatever they want. Solves this issue at once. Please let us know.
  Likes: 6 Replies: 1
  Likers: kimbo, 0xbobns, nicoproducto, emerald, yolo, toranit
  Replies:

  • toranit: 0xJohn: Why dont you make an open offer to the attacker - Attacker sends you 19 M OP, you send them equivalent USDC/ETH whatever they want. Agreed. Actually I’m not sure that you will buy back when they dump.
• Questions on Wintermute’s mistake, and Wintermute - are you ready to make an offer offer to the attacker? They send you 19M OP, you send them USDC. Problem solved by 0xJohn - No Role
  Posted on: June 8, 2022, 9:12 p.m.
  Content: Question 1 : According to OP’s tweet: twitter.com Optimism (✨?_?✨) 20 @optimismFND The Optimism Foundation sent two separate test transactions, and upon Wintermute’s confirmation for each, sent the rest. 8 : 21 PM - 8 Jun 2022 100 7 The Optimism Foundation sent two separate test transactions, and upon Wintermute’s confirmation for each, sent the rest. What exactly did you test and confirm, Wintermute? Please provide transparency on this. Question 2 : Now the attacker has 19 M OP tokens in his wallet. You claim you will buy an equivalent amount whenever the attacker sells. Why dont you make an open offer to the attacker - Attacker sends you 19 M OP, you send them equivalent USDC/ETH whatever they want. Solves this issue at once. Please let us know.
  Likes: 6 Replies: 1
  Likers: kimbo, 0xbobns, nicoproducto, emerald, yolo, toranit
  Replies:

  • toranit: 0xJohn: Why dont you make an open offer to the attacker - Attacker sends you 19 M OP, you send them equivalent USDC/ETH whatever they want. Agreed. Actually I’m not sure that you will buy back when they dump.
• Message to Optimism community from Wintermute by 0xJohn - No Role
  Posted on: June 8, 2022, 5:13 p.m.
  Content: Wintermute team, Please see this proposal - https://gov.optimism.io/t/questions-on-wintermutes-mistake-and-wintermute-are-you-ready-to-make-an-offer-offer-to-the-attacker-they-send-you- 19 m-op-you-send-them-usdc-problem-solved/ 2601 / 2 Your inputs are appreciated. Thank you.
  Likes: 2 Replies: 0
  Likers: Joxes, Ermao
  No replies yet.
• Questions on Wintermute’s mistake, and Wintermute - are you ready to make an offer offer to the attacker? They send you 19M OP, you send them USDC. Problem solved by 0xJohn - No Role
  Posted on: June 8, 2022, 5:12 p.m.
  Content: Question 1 : According to OP’s tweet: twitter.com Optimism (✨?_?✨) 20 @optimismFND The Optimism Foundation sent two separate test transactions, and upon Wintermute’s confirmation for each, sent the rest. 8 : 21 PM - 8 Jun 2022 100 7 The Optimism Foundation sent two separate test transactions, and upon Wintermute’s confirmation for each, sent the rest. What exactly did you test and confirm, Wintermute? Please provide transparency on this. Question 2 : Now the attacker has 19 M OP tokens in his wallet. You claim you will buy an equivalent amount whenever the attacker sells. Why dont you make an open offer to the attacker - Attacker sends you 19 M OP, you send them equivalent USDC/ETH whatever they want. Solves this issue at once. Please let us know.
  Likes: 6 Replies: 1
  Likers: Kimbo, 0xbobns, NicoProducto, emerald, YoLo, toranit
  Replies:

  • toranit: 0xJohn: Why dont you make an open offer to the attacker - Attacker sends you 19 M OP, you send them equivalent USDC/ETH whatever they want. Agreed. Actually I’m not sure that you will buy back when they dump.