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@edTreb001

Umm.. I talk about stock and crypto related topics. More like rant. 😉 All posts are purely opinion and should never be considered advice. DYOR
Out there.. Way out there youtube.com/channel/UCyeQW… Joined July 2010
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DJ Trev Market Talk Verified account @edTreb001
I watched Jay’s recent video regarding Proposals 12234 and 12236, and after going back through both proposals, the discussion surrounding them, and Jay’s arguments, I wanted to offer my own perspective.

Before anything else, let me make the usual disclaimer:

The following is MY perspective and MY opinion.

I’m not suggesting that anyone should agree with me, adopt my philosophy, or vote the way I would vote. I’m simply putting another perspective on the table for people to examine and assess for themselves.

And to be fair to Jay, I think he raises some legitimate concerns. Where we differ is mostly in what conclusions should be drawn from them.

Proposal 12234 changed CosmWasm code-upload permissions on Terra Classic from “Everybody” to “Nobody.” In simple terms, before that change, anyone could upload new CosmWasm code to the chain. After the change, new code uploads had to go through governance unless governance later decided to specifically authorize certain uploaders.

Existing contracts were not disabled.
Existing code could still execute.
CosmWasm itself wasn’t removed.

What changed was who could place NEW code onto the chain.

Jay’s basic philosophical objection is easy enough to understand. Something that had previously been permissionless became permissioned. That means a developer who previously could simply build and upload now potentially has to ask governance for permission.

Who gets approved? Who doesn’t? Could familiar projects eventually receive favoritism that a new or unknown developer can’t get? Could validators effectively become gatekeepers deciding which projects get an opportunity to build?

Those are legitimate questions and I won’t dismiss them.

In fact, if Terra Classic eventually reaches a point where a small circle of familiar projects can upload whatever they need while every new developer has to fight through governance because nobody recognizes their name, I might have a problem with that too.

But there’s something in Prop 12234 that I think got lost in this discussion. The possibility of authorizing specific uploaders later was already suggested in that prop.

It explicitly contemplated moving from “Nobody” to an allowlist of selected, vetted deployers through a future governance vote.
So Proposal 12236 isn’t some loophole that Juris Protocol exploited after the rules changed. It’s an application of a mechanism that 12234 specifically said could be used later if governance chose to do so.

And that brings me to something I find a little ironic about the decentralization argument.

Prop 12234 didn’t get imposed on Terra Classic by Bumeo, Juris Protocol, Frag, or some central authority.
It went through the Terra Classic governance process. It went to a vote and received roughly 90% Yes. It reached quorum and then it passed.

Now, Jay himself correctly points out that governance is a decentralized mechanism.
His distinction is that a decentralized governance process voted to convert one particular function from permissionless to permissioned.

Yep.

But this is where my philosophy differs somewhat.

Terra Classic is a Proof-of-Stake blockchain. Governance is part of the decentralized architecture. Sometimes decentralized governance is going to produce a result that I don’t like. I’ve been involved with Terra Classic governance long enough to have seen plenty of those. But I don’t think decentralization means every individual function must forever remain permissionless regardless of what governance decides.

If the community, through the governance mechanism built into the chain, decides to restrict something for security reasons, that decision is still the product of decentralized governance.

That does NOT mean the decision can never be reconsidered. It doesn’t mean people can’t scrutinize it.

Continued ->
DJ Trev Market Talk Verified account @edTreb001
🚨 This is IMPORTANT.

For those who’s eyes hurt 3 minutes in…
Here’s the read it to me version.
@JurisProtocol @BumeoCapital #TerraClassic
14:23
Juris Protocol Verified account @JurisProtocol Oct 30
🏗️ BUILDING THE BUMEO ECOSYSTEM — THE BIGGER PICTURE

A personal update on Juris Protocol, LSF Exchange, our ecosystem strategy, and what comes next.

I've been working rather silently behind the scenes on something that I believe will fundamentally change how we operate as a company.

We're building a unified platform to manage our products, operations, and communications from one place, with AI assistance playing an increasingly important role, particularly in marketing, coordination, and community communications.

(Don't worry, @edTreb001 and @traderrocko aren't getting replaced by AI robots just yet. 😂🤖)

Over the next few days, I'll probably be a little quieter than usual because Bumeo needs to finalize the books for its first financial year.

After that, we'll gradually start rolling out changes, introducing a new communication model, and overhauling our public-facing product websites, social media presence, and community groups.

But before we do that, I want to explain something that I think has been misunderstood for quite some time.

🧩 THERE IS A METHOD TO THE MADNESS

The Bumeo Ecosystem, with Juris Protocol at its heart, has largely been built in what I would call my style.

And I realize that my approach isn't always easy to understand from the outside.

In fact, it has sometimes created confusion, frustration, and friction, both within our team and in the wider community.

That's something I take responsibility for, and something I intend to improve through clearer structures and better communication.

So let me explain how I think, how I build, and why we're doing so many things simultaneously.

1. I don't like depending on circumstances I cannot control.

When I start building something, the ambition is naturally to make it successful and grow it into something substantial.

In our case, that something is Juris Protocol.

Our vision goes far beyond a basic lending application.

We're building toward a comprehensive DeFi money market ecosystem, including savings vaults, collateralized credit markets, fixed-rate lending, payment cards, and several other products I'm not quite ready to reveal yet.

But here's the important part.

I refuse to simply accept that the success of our business should depend entirely on whether the surrounding ecosystem happens to provide the right conditions.

Instead, I try to anticipate what our products will need to succeed.

What infrastructure is missing? Where will users come from? Where will liquidity come from? How will they access our markets? What economic incentives will attract them? And how can we create a sustainable business around all of this?

If the necessary conditions already exist, fantastic.

If they don't, we look for ways to help create them.

And if solving those problems creates additional business opportunities that can generate revenue and feed back into Juris Protocol, even better.

That's essentially how the Bumeo Ecosystem came into existence.

2. What looks like a distraction is often part of the bigger strategy.

I understand why some people look at our activities and ask:

Why are you working on an exchange? Why a wallet? Why analytics? Why cross-chain infrastructure? Why not just finish Juris and focus on that?

Those are perfectly reasonable questions.

But whenever we've been sitting in brainstorming meetings discussing LSF Exchange, LSF Wallet, or other ecosystem products, the underlying questions have consistently been:

How does this help Juris Protocol grow?

How can LSF Exchange attract liquidity that eventually finds its way into Juris money markets?

How can a wallet make our products easier to access?

How can trading activity generate sustainable revenue that supports further development?

How can we extend our financial runway while giving the broader Terra Classic ecosystem something genuinely useful?

And how can we make Terra Classic more attractive to users who would otherwise have little reason to interact with the chain?

Not every experiment will work. Not every opportunity will be worth pursuing indefinitely.

But there is a strategic rationale behind what we're building.

We're not trying to create ten unrelated businesses for the sake of it.

We're trying to build an interconnected economic ecosystem in which the individual products reinforce one another.

And Juris Protocol remains the central piece of that vision.

💰 3. OUR DUAL STRATEGY: BOOTSTRAPPING + EXTERNAL FUNDING

Another important aspect of our approach is how we intend to finance all of this.

We're pursuing two strategies simultaneously.

First: Organic growth and community-driven bootstrapping.

Keep operating costs extremely low, build useful products, generate cash flow, reinvest revenue, and gradually grow the ecosystem from the ground up.

Second: Business development and external funding.

At the same time, we're actively exploring opportunities with centralized exchanges, venture capital firms, strategic partners, and investment networks.

Why both?

Because I don't want the survival of our company to depend on a single investor, a single funding round, or one favorable market cycle.

There are plenty of sharks out there who are perfectly happy to wait until a business is running out of money before presenting their supposedly generous offer.

I would much rather negotiate from a position of independence than desperation.

And the best way to maintain that independence is to keep costs under control, extend our runway, and develop recurring revenue streams.

We want funding to accelerate our growth, not become a prerequisite for our survival.

Of course, this approach comes with trade-offs.

We're not a massively funded company with dozens of developers and unlimited resources.

Our most important constraint isn't always the next product deadline.

It's our continuously shrinking financial runway.

That means we sometimes have to pursue several opportunities in parallel rather than dedicating every available resource to a single product.

It's not necessarily the easiest approach, and certainly not the fastest in every individual area.

But I believe it gives us a better chance of building something sustainable.

🌐 4. HOW THE PIECES FIT TOGETHER

Here's the bigger picture of what we're building and how the different products complement one another.

🔄 LSF EXCHANGE — THE ACCESS AND LIQUIDITY LAYER

Our ambition is to establish LSF Exchange (@LUNCSwapfun ) as the go-to trading and liquidity destination for Terra Classic.

That means providing access to major blue-chip cryptocurrencies and tokenized assets, improving liquidity aggregation and split routing, and making it increasingly easy to move assets between Terra Classic and other blockchain ecosystems.

But LSF Exchange isn't just about swapping tokens.

It also represents a distribution channel, a cross-chain onboarding opportunity, and a potential source of sustainable revenue.

An important part of our long-term strategy is for the Juris Treasury to become a major stakeholder in the LSF ecosystem, creating an additional economic connection that can ultimately benefit JURIS stakers.

This is how we want to build lasting value between our products rather than keeping them isolated.

🏦 JURIS PROTOCOL — THE DEFI SAVINGS AND CREDIT LAYER

Juris is the heart of everything.

Think about it.

Why should someone bring BTC, ETH, PAXG, or tokenized S&P 500 exposure to Terra Classic in the first place?

Simply to trade it?

That's one reason, but not enough.

What if they could use those assets as collateral to borrow USDC without having to sell their underlying exposure?

What if they could access savings products, lending markets, and eventually more sophisticated financial services?

That's where Juris comes in.

LSF Exchange helps users access and move assets.

Juris gives those assets additional financial utility once they arrive.

Over time, we also want to expand supported collateral markets to other major crypto assets, including SOL and BNB, subject to suitable infrastructure and risk parameters.

The objective is to make Terra Classic a place where capital can actually be put to productive use.

📱 LUNCDASH → LSF WALLET — THE USER ACCESS LAYER

LuncDash will continue its role as an analytics and on-chain data provider across our ecosystem.

Meanwhile, its wallet product is being prepared for rebranding and relaunch as LSF Wallet.

The goal is to bring trading, bridging, asset management, and access to our ecosystem products closer together in a unified user experience.

We don't want users to navigate a maze of disconnected applications just to make use of our services.

We want the experience to become progressively simpler and more intuitive.

💳 CARDS AND FIAT ONRAMPS

Together with new partners, we're also working on bringing payment cards and fiat onboarding solutions to Terra Classic.

These are important pieces of infrastructure if we want to attract users beyond the existing crypto-native community.

Making it easier to enter, use, and eventually spend value within the ecosystem is a meaningful part of our longer-term vision.

🌉 SIMPLYLUNC — CROSS-CHAIN SWAP INFRASTRUCTURE

SimplyLunc is another piece of the puzzle.

Its cross-chain swap engine is intended to connect with our wider ecosystem once ready, helping improve access and interoperability across supported networks.

The fewer obstacles users encounter when moving capital, the better.

🪙 $LUNCPUMP — THE FUTURE LSF GOVERNANCE AND DEX TOKEN

We're targeting 2027 for the introduction of the LSF ecosystem token, $LUNCPUMP.

And when that happens, I want it to be a properly prepared, professional launch with a clearly defined role in governance and the economics of the exchange.

Not something rushed into the market just because people want another token.

We're also considering a potential relaunch of the original @LUNCPumpfun platform, integrated into the wider LSF ecosystem.

More details will follow when we're ready.

🏢 5. BRINGING EVERYTHING TOGETHER UNDER BUMEO

This brings me back to the platform I've been quietly working on.

As the number of products and operational responsibilities grows, our internal structures have to evolve as well.

We need better coordination, clearer ownership, more consistent communications, and a unified way of managing everything we're building.

That's why we're working toward a central operating platform with AI-assisted workflows.

Not to replace the people who make this ecosystem what it is, but to help our small team operate more efficiently and professionally.

Less fragmentation. Better execution. Clearer communication.

At the same time, one of our priorities for the remainder of 2026 is to establish the appropriate legal and organizational structures for the different activities within the ecosystem.

We want to enter 2027 with a clearer foundation and increasingly shift our focus toward:

Business development and strategic partnerships
Operations and organizational efficiency
Growth, marketing, and user acquisition
Funding and investment opportunities
Sustainable cash flow and revenue generation

Product development will continue, of course, but increasingly in a way that matches our available resources and commercial priorities.

❤️ 6. WHAT THIS MEANS FOR OUR COMMUNITY

I know the past months haven't always been easy.

I know some of you have been frustrated by changing priorities, delays, or the feeling that we're working on everything at once.

And I understand that from the outside, the bigger picture hasn't always been visible.

Part of that is simply the reality of building a young business in a difficult market.

But part of it is also on me.

I've spent so much time thinking about how all these pieces connect that I've sometimes assumed the connections were more obvious to everyone else than they actually were.

They weren't.

That's why we're changing how we communicate.

I want our community to better understand what we're building, why we're building it, and how the individual products contribute to the overall strategy.

I also want to be clear that our ambitions are not guarantees.

There are risks, dependencies, limited resources, and plenty of challenges ahead.

Some things will take longer than expected. Some plans may change. Some experiments may not succeed.

But the objective remains the same.

Build useful infrastructure. Attract users and liquidity. Generate sustainable revenue. Strengthen Juris Protocol. And help Terra Classic develop a real economic ecosystem.

We're not trying to survive on hype alone.

We're trying to build something that can eventually sustain itself.

And yes, sometimes that means taking a longer and less obvious road.

🚀 THE ROAD AHEAD

The next phase is about consolidation, professionalization, and execution.

Bringing our products together.

Improving the public-facing experience.

Building stronger operations.

Establishing sustainable business models.

Finding the right partners and funding opportunities.

And gradually turning the infrastructure we've been building into an ecosystem that people actually want to use.

Juris Protocol is still the heart of this journey.

LSF Exchange, LSF Wallet, @SimplyLunc, @LUNCDash, and our other initiatives are being developed to help create the conditions for that heart to thrive.

This is how I build.

Identify the goal. Understand the obstacles. Build what is missing. Create opportunities along the way. And keep moving forward.

It may not always look conventional from the outside.

But there is a method to the madness. 😉

Thank you to everyone who continues to believe in what we're building, contributes their time and energy, and sticks with us through the difficult phases.

We're still here. We're still building. And there's a lot more to come.

Let's build something that lasts. 🤝

-- LLL69, founder of
$JURIS | $LUNCPUMP | @BumeoCapital Ecosystem
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DJ Trev Market Talk Verified account @edTreb001
Just wondering @CNN …
When are we going to stop highlighting our differences and the things that divide us and focus on our similarities, commonalities, and shared hopes and dreams.
For people who constantly scream inclusion and unity, some of you sure spend a lot of time differentiating.