cosmos

Prop 99: Censure allnodes for insecure VaaS practices

Description

For context, please reference this report, produced by the Notional labs team with assistance from numerous community members:

https://docs.google.com/document/d/1AIOOrHiNAFQKwzaeDNyJJJx8SwXNlaSUcZbasnezXS4/edit?usp=sharing

To discuss, and to see a screenshot from today, of allnodes offering insecure VaaS services, please use this tweet:

https://twitter.com/gadikian/status/1622566060942819328?s=20

To discuss in the cosmos hub forum, please use this discussion:

https://forum.cosmos.network/t/censure-allnodes-for-insecure-vaas-practices/9519

Summary

Allnodes is a validator on the cosmos hub, and offers insecure custodial VaaS on the Cosmos Hub, which is harmful to the economic and security interests of the cosmos community at large. Passing this proposal formally criticizes Allnodes for engaging in practices that are harmful to the Cosmos Hub.

Voting Options

YES - Formally censure allnodes.com for offering insecure VaaS services on the Cosmos Hub. NO - Do not formally censure allnodes.com for offering insecure VaaS services. NO WITH VETO - 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. If the number of 'NoWithVeto' votes is greater than a third of total votes, the proposal is rejected and the deposits are burned. ABSTAIN - You wish to contribute to quorum but you formally decline to vote either for or against the proposal.