793

Signalling Proposal for All in Bits, Inc. to Withdraw Legal Action Against Grace Yu

Introduction:

Our community, consisting of developers, contributors, validators, creators, and $ATOM holders, encompasses a diverse range of backgrounds and opinions. However, there is a prevailing sentiment of unity surrounding the ongoing legal dispute between All in Bits, Inc., and Grace Yu. We are collectively advocating for All in Bits, Inc. to withdraw their lawsuit against Grace Yu, as it threatens not only the reputation of our network but also the values that underpin the Cosmos vision.

Context and Background:

All in Bits, Inc., a foundation organisation of $ATOM, has initiated a lawsuit against Grace Yu, a member of our community, on grounds that many believe to be unsubstantiated. The case was taken to a Federal court, seeking damages of $150,000. The legal costs incurred just to initiate the case substantially exceed this value. The concern is that this legal action seems motivated by vindictive intent rather than legitimate legal grievances, which has led to widespread confusion and increasing distrust.

Legal Implications and Community Impact:

The lawsuit against Grace Yu has the potential to instigate unwarranted scrutiny and may have legal implications for $ATOM. The impact of this legal action on the token's value, precedent,, and overall community sentiment should be carefully considered. Moreover, the community's perception of All in Bits, Inc., may suffer, which could weaken our collective trust in the Cosmos network.

Misuse of Funds and Core Values:

We find it particularly concerning that All in Bits, Inc., has chosen to allocate funds, initially intended for the development and promotion of open-source software, towards financing this lawsuit. This decision contradicts the principles of transparency and fairness that are fundamental to our community.

Request:

We disapprove of legal action against any community member from founding organisations. Respectfully, for the benefit of the ecosystem, we ask that All in Bits, Inc. drop its lawsuit against Grace Yu, immediately.

Voting options

1. Yes: Approval of the proposal in its current form.
2. No: Disapproval of the proposal in its current form.
3. Abstain: The voter wishes to contribute to quorum without voting for or against a proposal.
4. NoWithVeto: A ‘NoWithVeto’ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Cosmos Hub, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Cosmos Hub governance.