Reasons Why We Should Not Have Another Jupuary

The post has been updated with :point_down:

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The problem is that community only seeks short term gains. Same problem we had with the ASR vote. Burning the 250M tokens instead of using it for 4 rounds of ASR was a better option imo. Which would’ve resulted in less selling pressure and more upside potential.

With this said, we need to grow as a community and accept what people vote for. This means we should adjust our bags accordingly. Let’s see what the outcome of the next vote will be.

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I think this highlights one of the thought processes many people have. Right now JUP is in an expansion phase, we shouldn’t be worried about the upside as much. Once it gets to the hand of users then you are addressing a much bigger market and have a much more robust DAO.

The tricky question is really how to get users who will interact with the DAO instead of just dumping and seeing the gift as a reward…

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I just realised something after talking with one of the members here why stakers should vote yes. Many long term stakers will probably try and exit the market at the end of the bull and then get back in at the bottom of the next bear. So in a sense it has not really any consequences for exsisting stakers.
You can simply unstake whenever you wish and hold and sell at the top. But to vote no would be bad for the overall ecosystem as Jupiter could use a new set of stakers coming into the project. The one year unstake period means benefactors of jupuary 2 would most likely not unstake as it would potentially go past the top of the bull. If you wish to get back into Jup in the future you would want a larger ecosystem that has grown, but bought at a low. Furthermore not having any further airdrops would probably disappoint a very large portion of new users, possibly leading to bad rep. You should not feel disappointed yourself as many got the first very large airdrop plus some. They did well.

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Nice one! You might want to change the title and remove the not from ‘‘should not have’’ :wink:

With the recent updates regarding Jupuary and few days of thinking, I will be voting against Jupuary.

Don’t follow anyone else, just think it through and decide. Your own answer is the right answer.

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The sad part and very undemocratic is that even if the vote fails a new vote will come almost instantly. A better approach would be to wait a year, and vote again. But at the sametime i understand that you really want this behind you.

The comment where ‘stakers have ASR’ from meow needs to be clarified.

I have 1% of the voting power and will also vote No.

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I don’t think it’s sad to try again if this vote doesn’t pass. It actually demonstrates how committed the team is to creating unity! I’ve been spending a lot of time in this forum and from what I’m reading there are just a few points that need to be ironed out if this vote doesn’t pass. A big shoutout to @miuq for taking the time to help me understand more. Jupuary is necessary for Jupiter to get to the promised land, and I believe we all want that or we wouldn’t be here. Larger stakers just need a bit more certainty to move forwards. LFG!

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What’s democratic about a vote based on voting power? Nothing… The only democracy you care about it’s that will benefit your wallet.
Of course you’ll be voting against. I would’ve done the same in your situation.
What I don’t understand is why few like you are going to decide for many like me?
I’ve asked already few stakers here (none answered so far), when you decided to stake your tokens, were you aware about the Jupuary2?
Let me guess… Of course you’ll were aware about Jupuary2, but before Jupuary2 was ASR. ASR which you gladly accepted and pocketed. As long as your wallets got fatter everything was good, no complaints about anything.
The stakers start complaining about Jupuary2 after Meow said staking won’t be a criteria for the airdrop.
Let’s cut the bs about democracy because there is nothing democratic about this vote.
Asking a pack of wolves to guard thousands of sheeps. That is what this vote it’s about.

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I knew and was worried about Jupanary. But expected the team to understand the basics of how to spread Jupanary when you already have a community. Democracy was probaby the wrong use of word. But its the closest everyone understand and that it does not mather what i vote.

And yes, i have more capital in the system so i decide more then you. Welcome to reality.

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@vernon… There is some truth to what you’re saying, but large stakers aren’t against Jupuary2 for the reasons you’re stating. They understand how important Jupuary is for the success of Jupiter… I would say they understand the larger picture quite well. Do you think they’ve accumulated large bags without understanding how things work? There just needs to be more certainty on certain issues for them to vote yes. We are all here because we believe in this team. Let’s address these issues so we can move on as a unified group!

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That’s funny. I’m paying the fees, you are ripping the rewards and, on top of that you think you have the right to decide for me. Good luck with that!

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Ser… reality check… ur not the only paying fees… we all have some frustration regarding this vote. Let’s just get it figured out.

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To be clear, i do think the vote will pass and be a positive thing in the longterm. But not at any terms.

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I don’t think the vote will pass on the first try. We’ll know soon enough… but from all the large stakers I’ve chatted with, they will be voting no and they all have similar concerns.

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I do hope the first round fails, that would show community strength to just not accept the very vague promises.

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I know the vote won’t pass but to be honest, I don’t care at this point in time.
Nobody is forcing me to be tight to the project. As soon as I don’t feel comfortable with what’s going on, I will pack my toys and move on. It’s that simple.

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The fact that meow increased the vote to 70% pass rate demonstrates he understands the importance of unity, and that they will adjust accordingly to the community’s concerns. Nobody will be 100% happy, but as long as major points are addressed, we should be able to move ahead.

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Give it till the end of the year. If the vote doesn’t pass on the first try, they will try again and again until the end of December.

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For sure I will do that. I’m a staker too. I didn’t agree with team’s decision to leave out the stakers. I thought for sure they will be part of the airdrop.
But I think some of them got way to nasty. Some of them think only about themselves. They don’t give a sh.t about the project. They think everything should belong to them. They are the Godfather of Jupiverse. Well most of them will be gone by the end of the year. I guarantee you this.

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