As Bristol Blockchain Society, we initially voted FOR the AIP-1: Arbitrum Improvement Proposal Framework. However, after careful consideration and review of the information provided by Blockworks Research, we have decided to change our stance to AGAINST the proposal.
We concur with Blockworks that the allocation of 750M ARB tokens needs further clarification. The concerns raised by Blockworks are valid, and we believe that addressing these questions is crucial for ensuring transparency, security, and decentralization in the governance process.
We would like to emphasize that we believe the Arbitrum Foundation and Offchain Labs share the same goal as the rest of the community: the success of Arbitrum. However, based on the current parameters, we believe that the issues raised need to be addressed before moving forward with this proposal.
Until the Arbitrum Foundation and Offchain Labs can provide satisfactory answers to Blockworks’ questions and address the community’s concerns, we will maintain our position against the proposal. We hope that other token holders and delegates will also express their concerns and encourage open dialogue for the betterment of the ecosystem.