I want to thank everyone for posting here. My heart goes out to all of you in this system as the first movers. I generally find this community to be knowledgable, gracious and understanding even in the face of loss. I can’t express enough how much this gives me hope that we can hurdle this and move on.

As posted if you want to share your liquidation story in detail please see the other thread I have opened up for this purpose (documenting and allowing vault owners to make their cases for what they feel is fair compensation).

Black Thursday Vault owners report Thread Collateral Discussion Posting as a gist because this website wouldn’t let me post multiple pics or images Full damage report below… this was majority of my savings. You will need to click the following gist link below.

There are two reasons I started these two threads. (1) To show that at least one person isn’t just thinking about you but advocating for you. (2) To allow the community to discuss the issue.

As a previous business owner I infrequently encountered situations where a customer would felt unhappy with a deal and we both were sitting on two sides of a resolution fence with different amounts. In those cases for the sake of attempting to make someone happy and resolving the issue with least pain for both I would typically offer to ‘split the difference’. The condition on agreement was the customer would relinquish litigation rights and also would not carry out negative PR campaign of any sort in exchange for me coughing up some cash.

I think in my decade or two of business I only had maybe 10-20 cases over 10’s of thousands of closed deals. In the end people might not have been happy but it solidified my position as a business operator of integrity and someone who could be relied on not just to do good business but to also act in ways consistent with a final attempt at disagreement resolution vs. a typical sorry but ‘sue me then’ approach…

In this vein I would be advocating the same to the Maker community. My voice is small. Yours as the collective of people who actually used the system and would likely be the ones to use it again that needs to be heard. Before the community can take any action we need to know the sum total of the possible damages and so you need to make your case because I know whatever the community does we will not be doing this piecemeal but treated as a whole group.

Again I want to thank people for civility and curteousy in discussing what I know are difficult and emotinally charged issues. Everything in this ecosystem is new, untested and fraught with hazard. Please do not keep more wealth in this system than you can afford to lose and do your utmost best to understand the full risk of hazards because I find them to be quite overwhelming.

My wife always told me she never counted on $1 from anything in crypto because it could be gone at any time. It is weeks like the last that we come to realize not just crypto - but heck entire financial system can belly up 50% down pretty quickly.

Be safe, covid-19 free, and give thanks for important things in your lives - it is likely a good number of us may not be around to pick up the pieces within a year but also likely a lot will. Humans have endured far worse than this and as Morpheus says “WE ARE STILL HERE!” I for one look to the past for guidance and do my best to use this information to drive us towards a better future. I am a great analyst but unfortunately a terrible salesman.

The entirity of the above are only my comments and not representative of the Maker community at large.