Absurd? Yes. Getting jammed through? Yes. The hard fork is already on github. The smart contracts are done. This is one big fake orchestrated charade in an attempt to jam through the originally inflationary proposal no one wanted only this time they added a 5% fee on the whole thing to net millions for this at the expense of the immediate victims.
Harmony originally proposed printing billions of tokens to reimburse over 3 years. The community absolutely rejected it overwhelmingly because they didn’t want ONE holders to bear responsibility for the hack. It included nothing from the Treasury and the entire hack was reimbursed through printing ONE. No one supported it. Obviously.
In comes the Recovery One team. And where are we now? Printing billions again, but this time paying up to $5M to Recovery One of course. Recovery One formed to fake gathering proposals as if anything was actually under consideration. Only to find out later that their own proposal, the R1 “official” proposal is THE SAME EXACT proposal regurgitated only this time, three random people get $2.5M up front of the printed supply + 5% thereafter for liquidity and grants and whatever else they plan to do which SHOULD go to the victim. It would amount to paying these randos $5M to put forth literally nothing but a regurgitated proposal that was already rejected. What’s new here? Not a single new thing came of the R1 proposal. Wasted three weeks with nothing to show other than them getting massively paid. And they are moving forward with it irrespective of the community who is totally against it. That’s why injunctive relief is the only answer. A court must order them to freeze the funds.
Its the same proposal to have ONE holders bear the brunt of inflation on a hard fork but now these three people no ones ever heard of will become millionaires or get millions upfront off the printed inflation to position themselves to profit off our misfortune and more importantly Harmony’s negligence?
Here’s a solution. Go back to the original proposal (the same as the R1 proposal). Print the ONE against the community’s wishes and use the $5M you’d pay these guys to reimburse the victims. Recovery One has done nothing but waste time and try to enrich themselves off this attack.