Threshold
Dear @Colorful Notion,
Thank you for your proposal. Although we appreciate the effort behind it and find it potentially beneficial for the onboarding of Solidity developers in the context of the upcoming Asset Hub upgrades, we have two concerns that we'd like addressed before we can proceed with a decision on this referendum.
Sourabh Niyogi, the CEO and co-founder of Colorful Notion, is being accused of cryptocurrency theft in a legal case (Superior Court of the State of California, Case No. 23-CIV-02026) resulting from a complaint by Sonia Gonzales, a former Business Development employee of Mr. Niyogi's from his previous company, Wolk, Inc. Details of the complaint are accessible at https://trellis.law/doc/209489553/complaint, and the case is available at https://trellis.law/case/23-civ-02026/sonia-gonzalez-vs-sourabh-niyogi-et-al. Attorneys for the plaintiff, Ms. Gonzales, accuse Mr. Niyogi of the theft of 90 ETH from Ms. Gonzales' personal computer. The complaint states: "In conversation and in later correspondence, Niyogi admitted that Defendants were responsible for transferring Plaintiff's 90 Ethererum [sic] out of her personal holdings." We assume that a copy of the email correspondence is included in the case documents. We consider this a serious issue that needs to be addressed and resolved before such a significant amount is entrusted to a company led and represented by Mr. Niyogi. Do you have any clarification you can provide to the community regarding this case or its resolution?
The multisig account that will assume control of the funds (15s...AhR
) has three members: Colorful Notion (121...jbx
), Sourabh Niyogi (13N...YFJ
- no identity), and Michael Chung (12p3...KCf
). The Colorful Notion account is a multisig that has five signatories, one of which is another Colorful Notion multisig account, while the other four accounts do not have on-chain identities. Since Mr. Niyogi is a co-founder and the public representative of the company, it appears that the Colorful Notion account may be under the control of Mr. Niyogi, which would effectively make the top-level multisig account comprised of only two accounts. This configuration does not provide a sufficient number of accounts to qualify as a true multisig account. Considering the significant amount of funds requested, a safer configuration for the multisig would include multiple signatories from a diverse set of Polkadot-native DAOs, companies, and individuals. Would Colorful Notion consider a reconfiguration of the multisig in this direction for improved checks and balances?
Thank you for your response in advance.
Kind regards,
Permanence DAO
Polkadot Hub is one of the best new narratives that have emerged in recent years, it is repositioning Polkadot in a way that can be understood by people from different ecosystems much more easily. Adopting well known mainstream tool such as Etherscan is therefore essential, as it significantly improves the developer onboarding. Voting AYE here from my personal account and from our other company account.
Dear @Colorful Notion,
Thank you for your proposal. Our vote on this proposal is NAY.
The Big Spender track requires a 60% quorum according to our voting policy. This proposal has received one aye and six nay votes from ten members, with one member abstaining. Below is a summary of our members' comments:
The referendum faced overwhelming opposition, with members criticising the high price tag and suggesting that the offer should be negotiated directly with Etherscan, ideally through a coordinated effort involving multiple DAOs. Concerns included the lack of verification with core teams, insufficient oversight mechanisms, and the proposal’s reliance on expensive, closed-source software. While one member supported the initiative, citing Etherscan's market position and potential benefits, they also acknowledged the need for a viable open-source alternative and stronger community alignment.
The full discussion can be found in our internal voting.
Kind regards,
Permanence DAO
Edited
Dear CN team,
This is Alex D. from Parity’s Success (Pre-Sales) team.
We support Velocity Labs’ statement in this matter resolved between W3F, VL and Parity.
The most important risks mitigated through this:
Parity’s engineering teams are currently scoping out the necessary technical requirements (additionally, as mentioned, also having VL & W3F on the commercials / non-technical requirements), but if there are specific items in scope that we might identify as a blocker, we will feel free to reach out.
Thank you!
If 1M is the Etherscan price, no wonder why Gnosis, BNB and others just developed their own explorers.
Is there any way to attest that this is the quote from Etherscan? Something relating to the Etherscan team directly should be beneficial like a pro-forma or similar document.
At the moment we can't know for sure as the proposer and beneficiary are Colorful Notion,