Terra Classic Validator Proposes Repeal of Pay-Per-Job Proposal
A popular Terra Luna Classic validator, LuncLive, has brought forward a proposal to repeal the 11889 pay-per-job (PPJ) proposal. This comes after a stalemate between validators regarding the L1TF core security upgrade package, as some claimed it violated the pay-per-proposal rule.
Proposal 12013: Repealing the Pay-Per-Job
The proposal, titled “Repeal Proposal 11889 PPJ,” is currently open for voting on Station wallet until February 5. Its aim is to repeal the pay-per-job and governance-ruled job proposal, as it has caused confusion and uncertainty among the community, builders, and validators.
The proposal highlights that the binary interpretation of 11889 has led to conflicting perspectives among validators, resulting in halted development and progress. It suggests the creation of a revised version of pay-per-job. However, repealing the current proposal is crucial for the smooth continuation of operations and decision-making processes.
LuncLive’s host, Mr Diamondhandz1, stated, “LUNC army due to recent events and uncertainties involving proposal #11889 Pay-per-job and governance-ruled job list, the Luncliveorg validator has submitted proposal #12013 to repeal this prop until a more suitable, and restructured alternative has been created.”
Voting Results and Community Sentiment
During the initial voting phase, the proposal received 25% “Yes” votes, 1% “No” votes, 46% “No with veto” votes, and 28% “Abstain” votes. The significant number of “No with veto” votes indicates that the community does not want similar proposals in the future.
Price Movement of LUNC and USTC
In the past 24 hours, the price of LUNC has decreased by over 1%, currently trading at $0.0000987. The 24-hour high and low for LUNC are $0.0000983 and $0.0001017, respectively. Additionally, the trading volume has seen an 18% decrease in the last 24 hours.
Meanwhile, USTC’s price has dropped by 2% within the same timeframe, with the current trading price at $0.0257. The 24-hour low and high for USTC are $0.0256 and $0.0265, respectively.
Hot Take: Proposal to Repeal Pay-Per-Job Could Enhance Development on Terra Classic
The proposal to repeal the pay-per-job proposal on Terra Luna Classic could potentially lead to improved development on the chain. By addressing the confusion and uncertainty caused by the existing proposal, a revised version can be created that aligns with the community’s needs and expectations.
This move showcases the importance of active participation from validators and community members in shaping the governance of blockchain networks like Terra Classic. It is crucial to have open discussions and proposals that reflect the consensus of stakeholders, ultimately fostering progress and innovation in the ecosystem.
Sources: Coingape
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