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Topic
Board Lending
Re: 🌟🌟🌟🌟✨ zazarb's Quick-Loans & Escrow 🌟🌟🌟🌟✨
by
nubcake_MeoW_
on 19/10/2022, 08:45:12 UTC

Hello,
with your link I can't see "governance proposal #5234".
in any case, I'm waiting Fatmanterra comment or confirmation.




Hi Zarzarb,

I believe you need a terra station wallet/account to see the proposals.

However, the proposal outcome can be verified by other many sources, for example here:
https://cosmosrun.info/terra-classic/gov/5234

Or google search "LUNC proposal 5234":
https://www.google.com/search?q=LUNC+proposal+5234&oq=LUNC+proposal+5234&aqs=chrome..69i57.2432j0j1&sourceid=chrome&ie=UTF-8

FatMan has noted he will initiate a dispute as anticipated in my prior post (quoted below).
I presume he will confirm this by reply soon.

He's already confirmed this with the other provider here:
https://bitcointalk.org/index.php?topic=5413494.msg61146400#msg61146400


Hi Zarzarb,

Noting only for future reference at this time:

In the last 24 hours Fatman has informed me, for the first time, that he intends to initiate a dispute in respect of the application of clause 3, should application of the clause become necessary.

Specifically he has indicated that he intends to claim victory, and full payment of the bet, should the tax be reduced by LUNC governance vote below the 0.9% threshold, or cancelled entirely, between 20/09/2022 and 01/01/2023. I strongly object to this and maintain it is an attempt to alter the original agreement. As such, there is a possible dispute looming.

No further action is required right now. At this moment it is possible (and my strong hope) that the bet can be concluded without needing to 'test' the application of clause 3. This will be the case if the tax is not reduced below 0.9% or cancelled by LUNC governance before 01/01/2023. Fatman has confirmed today that there remains agreement between us in respect of all other clauses.

I want to highight clause 6 which states:

Quote
6. In the event of a dispute, the escrow provider will determine the ‘winner’ on their sole discretion but must rely on this agreement as the sole basis for their decision.
[emphasis added]

In the event of dispute, escrow providers should rely on the original terms as the "sole basis for their decision" without taking further submissions from Fatman or myself.

I regret that it seems necessary to note this item at this time.

Thank you