I’m not sure how anything I have said relates to wenzel lol. I just want to know how Adam got a refund with a 100% vp rate and then somehow boom devs got all vp back.
Do you think you could get Adam to let us know if he gave away his vp for a refund. Or how he got a 100% vote to refund him prior to this exploit?
When SNS tokens start being minted out of thin air, rational investors will immediately sell.
You should condemn those who minted BOOM tokens from nothing—they shattered trust and caused severe harm to other SNS projects and the entire ICP ecosystem.
Did you not see the proposals prior to the boom dev team?
They are consecutive votes for Adam to mint new sns tokens to himself. All passed with 70%vp but they failed to execute.
Does it not concern you that the person who had 63% vp in the dao somehow missed the proposal to adjust the sns parameters?
Is it just a coincidence that after he got his refund the dev team gained control of the vp again? Why is it so difficult to get Adam to say if he did or did not remove his governance rights within the dao in exchange for a refund?
Him removing governance rights affected a lot of users who followed him thinking he will do the right thing. I don’t think it’s unfair to ask if he did sell his vote.
I see it now. #499 snsGeek - Track every SNS on Internet Computer
This behavior is bad, but the proposal itself still proves the SNS works—even 63% (far above 51%) of voting power couldn’t mint tokens out of thin air.
But Proposal #653 is completely different. It makes people think the SNS has a critical flaw, allowing minting without needing 51% voting power at all.
How did the vp shift from Adam having 63% to him having 0?
Wouldn’t 63% be enough to stop any sns parameters from being updated?
I agree that creating tokens at will and selling them immediately are both awful, which I have said over and over in this thread. Transferring the treasury to your own account for no stated reason is equally awful. The BoomDAO team took inappropriate actions today. Adam took inappropriate actions 9 days ago with BOOM proposal 498. Why are you and everyone else so concerned about the BoomDAO team and not equally concerned about Adam? Why have you not corrected any of the lies that have been told in this thread today by Adam, ysyms, CatPirate, etc when you know them to be false?
Adam is injecting liquidity, while Boom is extracting value.
If he has 63% then the sns parameters can’t be updated lol.
That means the dev team wouldn’t have been able to change the dissolve delay and conduct this exploit.
Didn’t you know that open state proposals update their configuration after the voting period ends?
What are you saying?
The dev team passed the mint tokens with only 2k vp.
This happened after they updated sns parameters (apparently)
The only way for the vote to pass is if the majority votes to adopt the change. With Adam having 63% vp that means the dev team couldn’t have updated these parameters unless Adam:
Are you blaming Adam for failing to prevent this?
Check Proposal #617’s voting record yourself - I clearly see Adam voted against it.
That said, the SNS clearly has issues that need fixing.
You realize how easy it would be for Adam to just answer the question?
If he had a majority then there should have been no way for the devs to update the parameters and exploit the sns
I am asking if Adam gave up his vp in exchange for his refund.
Please read the OP of this thread for additional context. Yes 63% wasn’t enough, but there were only 3 voters total and only 25 neurons total voting. This proposal 499 occurred 40 minutes after the SNS parameters were changed so none of the 1000+ neuron owners who controlled 2500+ neurons were able to vote on this proposal because the parameters were changed so only 3 voters existed with only 25 neurons. It was a malicious change of SNS parameters followed by an attempt to mint a billion tokens. In no way can one argue that the SNS worked as intended. The attack vector isn’t about simple majority or critical majority. It’s about sudden sweeping changes that exclude every neuron owner except the malicious actors. It requires 2-3 proposals to execute the attack, but only the mint or the treasury transfer is what most people see. The proposal that enables the damage is the Manage Nervous System Parameters proposal that occurs beforehand.
This is another awful action taken by a proposer and it happens quite frequently. A proposal that has a title and a summary that says it will do one thing, but it actually does something else. The BoomDAO team should not have done this today.
Do you know who has submitted more of these than anyone else? Adam! He has done it quite frequently in various SNS.
Why are we not concerned about these nefarious actions when they are taken by Adam? We should be concerned about them no matter who submits them.
No, everything is public. Can’t you check it yourself?
