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Terra Luna Classic Is Probably Cooked At This Point...

Jake Collis8:33

Transcription

Hey, what's going on guys? Welcome back to the channel. We're going to be diving into a Terra Luna Classic update because honestly, we're going around in circles. It's been four years and we're now back at square one. We've got the same ideas popping up, just slightly modified, slightly altered, but still being pushed by the same people. And it's always on those touchy subjects, whether it's minting assets or bringing in some kind of USC staking or USC pools. We've got all of these warning lights going off. The mission statement is completely wrong. The heading we're on is [music] terrible. And people are still trying to introduce new ways to mess up the blockchain to make things worse than they already are.

Instead, right, of trying to focus on all of these different things that we simply can't achieve, why do we not as a collective focus on the things we can not only achieve, but we can attain. We [music] can actually work towards those things. They're achievable. You need to understand that after 4 years, nobody is interested in going after all of these assets that were left behind by TFL through a legal route where we can actually gain a significant portion of dollar value assets, right, [music] that are going to give us the ability to not only bring this chain back, right, but to set the record straight to become the greatest comeback story of all times.

But the issue is, right, the mission statement is completely wrong. It's completely off and people are more interested, like I've said, right, in these new ideas, right, that are just simply being regurgitated over and over again. And what we're looking at here is just a split view. So, this is time mint [music] time swap by frag. And I think Vegas is putting out his USC staking system once again. This will kill absolutely everything. If you want to accelerate the [music] death of this blockchain, try to introduce some kind of minting. try to introduce some kind of staking system, you've already got your widespread panic with the mission statement.

When it comes to cryptocurrency itself, when you look at blockchain technology and Bitcoin, what is the one core precipice that it props itself up on? It's decentralized. No one entity can gain control over Bitcoin. No one entity can gain a significant portion of those assets, meaning that it's going to stay relatively decentralized. is going to have a very very good Nakamoto coefficient. When you look at Terra Classic, do you see a system that is truly decentralized or do we see a system that's actually centralized [music] where validators like Dutch LUNC have managed to gain right four years down the line have now managed to gain almost 15% voting power?

Now, I don't know about you guys, right? I've been building on Terra Classic since the very beginning. And I always had the the warmth in my heart. I'm I'm working towards restoring this blockchain for all of the great people that are involved with it and that are wanting to make it a better place. But [music] now I feel like I'm running all of my technology and all of the work that I ever did and going to United States [music] and working with the SEC to secure all of these assets for who? for Dutch lun and for all nodes to to do what guys to keep shafting us to keep taking more money from the blockchain to keep acting in a centralized manner to continue not doing anything to rectify the issue with their voting power. Like what am I even spending all of this money for? The mission statement is done at this point. We are so cooked is unbelievable and you have to take a huge step back to notice these [music] things.

And I've always been the guy from day one that is not here to make money. If I was here to make money, I wouldn't be working the 9 to5. It's as simple as that. I'd be doing sponsors and promos and I get flooded with offers for promotional work each and every day. £500 for a couple minutes of my time. You know, [music] I instead I choose to go out and work because I wanted everybody to know in Terra Classic that I was always here for the technology. I was always here [music] for the blockchain. But now what am I fighting for? What am I working towards? What is this at this stage? Are we simply all working to restore a chain, right, that has a centralized entity that is controlling [music] everything? I really don't know about you guys, but it feels like it's pointless. I'm I I'm literally working for Dutch LUNC and for all nodes to do what? To upkeep, right, a community and a blockchain. And what do we get in return? Nothing. that they're not going to make any effort to introduce a DCM to remove their hoorde of voting power. Nothing is going to change.

And I think it's about time that someone came forward, right, and said all of these things that [music] we're all thinking to actually come forward and speak the truth instead of just going, "Well, I'm not going to say anything cuz I don't want to upset people or I don't want people to come out and attack me because, you know, I said some bad stuff about them." No, I'm just going to give it to you guys straight. Exactly how it is. I'm at a point now where I'm seriously considering just ejecting because [music] I cannot continue right I cannot continue to build and develop and maintain an environment right that is essentially allowing all nodes to continue doing what they're doing for Dutch lun to continue doing what they're doing for all of the the hate the anger the hatred the the manipulation the the schoolyard tactics where [music] people say one thing to another and another thing to another and people are arguing and bickering and being childish and like what am I doing this for at this point like and I really do think it's time for everybody right that is a community member right you're not a validator you can eject this space at any time all of these validators right are bound to this blockchain in some way shape or form or capacity they're earning money from the blockchain whether it's from the community from the chain itself they're earning something and because they're earning something, [music] they will not come out and speak the truth. They won't say what needs to be said because guess what? If they cause mass panic, if people do truly start to eject from this blockchain, what happens to their paychecks? Let that sink in.

I'm always going to be [music] an honest Joe because I'm just like everybody else that came and joined this community. The only difference was I actually picked up a microphone and started talking uh to myself in videos and people somehow found comfort in that. And I think that's great. I think for the past four years I've done everything right. I've played all of the cards as they should have been played and I've never ever manipulated anyone or anything. Every piece of funding we ever obtained went back into the blockchain. And I don't really want to be doing this video. I don't want to come back from a long break and be on this downer, but it's the truth. It's it's what's in front of you. People can continue to wave USC staking systems and this time in time swap, not a USC rep, but it's kind of a USC rep. We've got these core issues of centralized control over the blockchain. And anything we do as a collective now going forward is going to be for these top entities, Dutch LUNC and all nodes, two validators that are bleeding this blockchain dry. I don't know about you guys, but I'm not going to continue to fund, maintain, develop, and work on a blockchain [music] where there's simply going to be no change. Where these validators are and can prevent anyone from introducing anything [music] that will relatively mess with the amount of voting power that they've got or the amount of assets that they uh obtain through their validator. And if you think I'm wrong, put it to the test. Make a proposal. try to introduce a DCM like we did many years ago that would drop their voting power and I can guarantee you they would not be having it. It's about time someone spoke the truth and actually came out and said [music] what we're all thinking.

Why do you think Strafe Cole ejected? Do you really just think [music] it's down to his health or do you think it was a collective effort combined with his health? Because I know what the answer is and I think you know too. I'd say stay safe, stay humble, stay aware. But really, how can you do that when we've all essentially worked for the past four years to end up [music] with all nodes at the top and Dutch Lun at the top whilst all of the other validators simply bleed out. Catch you next one.