DAO

BradyatHedera

Yes, and in order for that to happen, while still in “beta”, each of the 29 governing council members that govern the network had to run a DAO vote to approve this action.

jawni

>Why would one of the the biggest companies in the world not be willing to invest in their own crypto If you want to invest in Amazon, you buy AMZN. They would get no benefit out of it because they don't need a token for anything and they would have to take on a ton of work and a ton of regulatory risk. Not sure why this is even considered a possibility, AFAIK there is zero precedent for an established company to launch a token, beyond dissolving a company into a DAO like what happened with ShapeShift. What purpose would that token even serve? And does a single example of a company doing that even exist?

Laurita_zkRace

zkRace launched its native token, $ZERC, back in 2021 with a total supply of 120M tokens. Of that, 28% were sold during the private round before the public IDO at a valuation of $0.05 per token. We raised $1.68M during our private round, with support from major players like DAO Maker and Animoca Brands, LD Capital, and other top-tier VCs.  The distribution was carefully planned, some tokens were reserved for marketing, liquidity incentives and for development. We’re proud to share that zkRace was ranked among the TOP 20 best-performing IDOs worldwide in 2021, hitting an incredible ATH of 165x (source: CoinMarketCap). It also ranks in the TOP 10 performing projects in the DAO Maker ecosystem of all time. Now, with all tokens fully in circulation, there are no future unlocks, helping to prevent dilution and support ongoing growth. Why did we create $ZERC instead of using existing tokens like Ethereum? Simple! $ZERC is tailored to meet zkRace’s specific needs: rewards, transactions, and more. Plus, our token will also serve as gas for other projects using zkRace technology, creating even more value for $ZERC holders. It’s all about scalability, transparency, and aligning with our long-term vision.  As for Duels Arena, we’re gearing up to launch its very own $GP token, aiming for a vibrant boost to the game’s economy. With a total supply set at 1 billion %GP tokens, the launch is backed by strategic funding rounds and public sales to ensure a solid start. The distribution is thoughtfully arranged to support areas crucial for the game’s growth like marketing and development. Designed specifically for Duels Arena, $GP will not only facilitate in-game transactions but also enhance player engagement through strategic gameplay rewards. 

Silver-Maximum9190

Source: https://x.com/Lin_DAO_/status/1863430220381929623 Sale was carried out on Rarible!

throwaway_boulder

It wasn’t possible at all until the Wyoming DAO legal structure was created in 2022. At that time the only credible alternative to Algorand was Ethereum, and its high fees and slow block times made it untenable. They still do. More info about why Lofty chose Algorand is [here](https://algorand.co/case-studies/lofty-transform-real-estate-industry).

IlIlllIIllllIIlI

Moons are 100% community owned. There is a DAO, everything is voted through CCIP with proposals made on the r/cryptocurrencymeta sub, which means you can vote with your holdings. TheMoonDistributor, formerly used by Reddit to mint MOON is now used through a multi-sig wallet, since Reddit renounced the contract and it can’t be modified further. There are no more mints, only distributions and burns, the supply is only shrinking. Moons are officially deflationnary, with a supply around 80M tokens.

nomorebonks

Pretty quick on ICP at this point - really close to web2 speeds. Not sure where you're getting the idea it's slow. Token is really for governance since the entire IC is ran as a DAO unlike any other software development platform ever created.

Emergency-Gene-3

Nah sorry mate. There are multiple apps running enitrely on ICP atm utilising ICP compute and storage eith their own DAO. Apps and dao are all browser accessible, and everything is hosted and stores on ICP. That's the big difference. ICP can store data and act as a decentralised cloud. Literally costs only around $5 per gb per annum. What other blockchain offers that solution? Devs can house their code, dao, data and app all on ICP, and is accessible on the current internet at costs that are affordable and scalable. Look up the project Openchat. Ethereum = Computer with limited HDD space and slower processor. Relies on centralised third parties for storage and compute. ICP has all this tech built in natively and affordable, hence why it has the largest GitHub commits, number of developers, number of txns per second and highest recordes tps. (Refer to Chainspect app)

nomorebonks

What's not possible is altering or corrupting the data or code of any application controlled by an SNS on top of the IC in a tamper-proof environment. The entire IC itself actually since it's entirely ran as a DAO and all changes are controlled by the protocol. I mean if you can't see that then there's nothing else to talk about and just agree to disagree. The Internet Computer is clearly the most secure development platform to ever exist.

Life-Duty-965

The big tech cloud systems are reliable. The handful of very rare and limited failures come from software updates going wrong, not "hacks". No one is doing a successful ddos attack on Aws lol How will they prevent an update going wrong? And when it goes wrong, who fixes it given a distributed system controlled by different parties? It sounds like chaos. Their site is baffling. Like, I'm a systems architect in the City (London's financial center) and im struggling to get my head round it. They have implemented "Advanced science" to ensure I can run programmes on blockchains at current CPU speeds. Come on, hit me with the advanced science. I got a first in quantum physics, I can handle it! They throw buzz words left right and center but can't explain what is actually happening. We actually used a mix of Aws/azure and private cloud. Distributed on third party systems isn't always what we want. We need to have ownership of various things for a range of reasons, not least mandatory regulations. The idea of a DAO running the spine of my companies infrastructure. Hahhaaaaaa. Crazy. Who do I phone up if there is a compliance issue? I don't get it. Very happy to watch this space. I've been an early mover on tech since the 90s. But normally it's really obvious to me. This doesn't make sense. Either because I suddenly got dumb. Or it actually doesn't make sense.

MaximumStudent1839

> This is better because power is less concentrated. The point of decentralization is to create a self-sovereign and permissionless digital asset. What does it mean? It means you can access and use your asset ***without a third party regulatory oversight***. But without regulatory oversight, how do you ensure your asset balance is correct or prevent fraud? That is where decentralization comes in. When you have a ***big network of computers constantly double checking transactions***, you prevent a malicious party committing fraud. It is important for this network to be ***decentralized to prevent a malicious entity tampering the computers from doing their double checking tasks***. > The ultimate goal when buying a coin is that it becomes a currency that has large market share in the blockchain world. No one uses these assets as ***currencies, besides USD stablecoins***. Every protocol has different goals. 1. Some want to generate cash flow to justify their token value, aka decentralized version of stocks. 2. Some want to become the premium "store of value". Colloquially, the space call this feature "monetary premium". What does it mean? It generally has two features: 1) the token price go up over time, and 2) enough people hold it/trade it so you can use the asset to leverage, aka borrow dollars against it. It is not anywhere close to currency in the sense you want to spend it to pump your gas. This category is the largest in market share with Bitcoin leading. 3. Some tokens have value because crypto venture capitalists invent real bullshit and have enough money for market makers to manipulate the price. A lot of times, we call them "useless governance tokens". > Crypto investors like the idea of decentralization so they have spread it to other business ideas. Decentralization is a tool to achieve an end, not an end in itself. The tangible point of "decentralization" is to ensure security and permissionless access to your assets. Having said that, most have ***very different ulterior motives to promote decentralization***. This is especially true for a lot of ***crypto venture backed investments***. They want to market decentralization as a ***luxury premium*** for you to overpay for assets they issue. In reality, they are mostly not decentralized but it is a nice marketing label for them to exploit and mark up prices for you to pay. The easiest example is the ones you see in ***crypto gaming***. For example, there are a lot of cheap crypto mobile games and trading card games. If you compare prices in crypto vs what you can browser on your Apple App store, you will find things a lot more expensive in crypto because venture capitalists think they can get away selling rubbish if you slap "decentralization" label. > Crypto lenders use very similar methodologies to traditional fractional reserve Nope. There is no fractional reserve banking here. It is all ***overcollateralized lending***. What does it mean? You have to put an asset of $100 value to borrow $10. You can't borrow more than you put up in collateral, aka ***undercollateralized lending.*** The crypto system doesn't know how to deal with undercollateralized lending. So crypto lending system can't provide things you take for granted, e.g. regular credit cards, mortgages, auto loans, etc. > Crypto business operators and investors prefer this due to the freedom it creates. The system is created to support leverage on crypto assets. For example, if you think Bitcoin would go $150,000, and you need dollars now, you don't want to sell so you lend out your Bitcoin to borrow dollars. > And gives them access to potential profits, if governance token holders vote to distribute those profits.  Most of the time, there are no enforceable rights. There are plenty of instances in crypto, where token holders voted said X and the developers did Y, e.g. look up Arbitrum DAO as a big example. It is usually done as a gentleman agreement. There are few exceptions where there is on chain governance where it becomes enforceable by code. But the vast majority of big crypto projects don't have it. In part, it is because on chain governance create dramas that crypto venture capitalists dislike. In crypto, the top of the food chain is crypto venture capitalists and then hedge funds. They mostly call the shots more often than regular ppl, just like you have oligarchs IRL. > but they dont want to use fiat currency. Fiat can't exist on the blockchain, not yet at least. It is just easier for ppl, who uses blockchain regularly, to transact with stablecoins than fiat.

theis27

If you’re also looking for genuine early investment opportunities that aren’t just pump-and-dump meme coins, consider exploring projects like Aquara. While it’s not a meme coin, it offers a real-world use case and long-term value tied to sustainability. Why Aquara? • Backed by Real Assets: Each token is tied to water reserves and sustainable investments, providing tangible value beyond speculation. • Decentralized and Transparent: Aquara is transitioning into a Decentralized Autonomous Organization (DAO), ensuring community-driven governance. • Eco-Conscious Mission: Unlike meme coins, Aquara focuses on addressing global challenges, such as water scarcity, through blockchain innovation. You can learn more at https://aquara.io or join their community for updates and discussions: @AquaraOfficial on Telegram. For meme coin calls, it’s still essential to DYOR (Do Your Own Research), but balancing speculative investments with meaningful projects like Aquara can give you a more diversified and stable portfolio!

theis27

I understand your concern—Bitcoin is the cornerstone of the crypto ecosystem, and this sub is focused on it. However, Bitcoin plays a key role in the Aquara ecosystem, making it directly relevant. Here’s why: 1. BTC Reserve Strategy: Aquara’s treasury includes Bitcoin as a core reserve asset, similar to how MicroStrategy uses Bitcoin to back its operations. This ensures the ecosystem is anchored in the stability and trust Bitcoin provides. 2. Decentralization Inspiration: Aquara’s governance model is heavily inspired by Bitcoin’s decentralized ethos. The project aims to transition into a Decentralized Autonomous Organization (DAO), giving control to the community, just as Bitcoin prioritizes decentralization. 3. Cross-Ecosystem Strength: By integrating Bitcoin into its financial reserves, Aquara helps bridge the gap between Bitcoin’s dominance and newer projects focusing on real-world applications like water sustainability. Aquara isn’t competing with Bitcoin; it’s building on the foundation Bitcoin created while addressing other areas of impact.

theis27

Welcome to the crypto space! Investing in Cardano (ADA) at the $1 mark can be promising, but it’s essential to Do Your Own Research (DYOR) and consider the following: 1. Market Volatility: Cryptocurrencies are known for their price swings. While ADA has shown resilience, prices can fluctuate due to market sentiment and external factors. 2. Long-Term Potential: Cardano is recognized for its strong development team and focus on scalability and sustainability. Its ongoing projects and partnerships aim to enhance its ecosystem, which could positively impact its value over time. 3. Diversification: Avoid putting all your funds into a single asset. Diversifying your investments can help manage risk and increase potential returns. 4. Real-World Impact Projects: Beyond traditional cryptocurrencies, consider exploring projects like Aquara. Aquara is a mission-driven utility token evolving into a Decentralized Autonomous Organization (DAO) focused on sustainability and real-world impact. By aligning each token with Earth’s most essential resource—water—Aquara aims to reshape eco-conscious finance. The project is preparing for its token launch, targeted for February 2025. Learn more at Aquara’s official website: Aquara.io 5. Community Engagement: Join communities and forums to stay updated on developments and gain insights from experienced investors. Engaging with platforms like Aquara’s Telegram group can provide valuable information.

theis27

If you’re exploring platforms for buying and selling cryptocurrencies with lower fees, here are some options to consider: 1. Kraken: Known for its low fees, Kraken offers a user-friendly mobile app suitable for both beginners and experienced traders. Trading fees range from 0% to 0.40%, depending on your trading volume. 2. Crypto.com: Since you already have the Crypto.com app, it’s worth exploring. It provides a wide range of cryptocurrencies with competitive fees, especially if you stake their native token, CRO. The app also offers features like a crypto Visa card and staking options. 3. Robinhood: Offers commission-free crypto trading, making it appealing for frequent trades. However, be aware that while there are no direct fees, the platform may have wider spreads, which can affect the price you pay or receive. Tips for Mobile Trading: • Security: Ensure you enable two-factor authentication (2FA) on all your accounts to enhance security. • Stay Updated: Regularly update your apps to benefit from the latest security features and improvements. • Research: Before making trades, research the coins you’re interested in and stay informed about market trends. Additionally, if you’re interested in projects focused on sustainability and real-world impact, consider exploring Aquara. Aquara is a mission-driven utility token evolving into a Decentralized Autonomous Organization (DAO) focused on eco-conscious finance. The project is preparing for its token launch, targeted for February 2025. For more information, visit their official website: https://aquara.io. To join the community and stay updated, connect with Aquara on Telegram: @AquaraOfficial. Remember, while lower fees are beneficial, it’s essential to choose a platform that aligns with your trading needs and offers a secure environment.

I_PING_8-8-8-8

So? You can still do the same tech, just don't call it an nft. I staked in a DAO for 2 years, that stake can be collateralized. I can sell it, I can borrow against it. I can even insure it! Technically that's an nft, but wisely nobody call it that anymore because the term nft has been poisoned.

MinimalGravitas

For wallets the most secure option is to use a multisig, with the signers set up as different wallets, on different devices. So maybe you set a 2 of 4 multisig (2 signers are needed to make a transaction, 4 signers in total). Then one of them is a Frame wallet on your PC, one is a Safe app on your phone, one is a hardware wallet that stays at a friend's house, one is a Rabby wallet on your partner's phone. If a bug or exploit is found in any one of the wallets your funds are fine. If any of the devices is lost or stolen your funds are fine. Basically every OG, every DAO, every crypto company, all of them use multisigs, so you should too. Oh and they're fully open source, so free except for gas costs to set up. https://safe.global/ As for exchanges... don't keep your funds somewhere that you don't control, so if you're just buying assets and moving them onchain then as long as they are fairly well known it doesn't really matter which one you choose.

IlIlllIIllllIIlI

It has a great potential, even though it’s still a big gamble if we’re talking gains. In terms of usecase, the banner renting and DAO works well and the supply is shrinking quite fast at a natural pace. People still don’t realise the supply shock that’s about to happen. The coin isn’t liked much on the sub because people here felt like Reddit move was the end of the project… it’s actually the opposite since it isn’t now controlled by its holders. We need more presence on X and other medias, because it’s by far one of the best community tokens around. I’m quite optimistic about its future action. Even though the price doesn’t move on its own, the usecase just works fine and it’s already better than 99% of what crypto projects deliver.

Neconspictor

What's the main benefit of a blockchain? Verifiability, tamperproofness and decentralization. If you run AI on chain than you have AI that inherits these features. What's the benefit of using a token? If you use a decentralized organization (DAO) tokens can be used for a decentralized voting mechanism. So if you think about how centralized LLMs like GPT are I see many usescases for decentralized, hacking resilient AI models.

--mrperx--

USDC is not a failure. Axie Infitiy is the most popular play to earn game on the Philippines. Quadratic funding allowed to quit my job an focus on side projects and I ended up working for a DAO which paid me 10x more than a regular job. Your opinion is your opinion. But it's not valid from my perspective. Maybe ETH don't work for you, then ignore it.

SevereArrivals

Nah, not anymore. Moons are controlled by the community/Moon DAO and have a set supply of 70M now, we aren't printing them endlessly and distributing millions every month like before. Only around 30,000 Moons get distibuted every month while double/triple that get bought and burned by our advertisers and partners.

Everyting_Moment

I've been in crypto since 2013, and I think this is what's gonna happen. I've grown cynical that we'll see the real revolution in our lifetimes. Btc can't find proper price discovery when billions of dollars are being put into it for speculation. I had over 100,000 ada I got from 3 cents to 15 but went into stablecoins and spent a lot of it to survive the last 4 years of terrible economy lol. I was a firm idealist thinking by like 2018 people would be utilizing em. It's just not happening. Good tokenomics are overlooked. Even now, folks are only buying ada for the speculation of hitting big gains. As long as we're in this commodity trading type market, and not an actual ecosystem of utility, none of it will matter. I think this will be the meme coin cycle, with few exceptions. It feels reminiscent of the DAO/ICOs era

Grunblau

Looking for something to buy on the dip? Coinbase 50 index: **Store of Value** Bitcoin **Smart Contract Platforms** *Layer 0* Polkadot Cosmos *Layer 1* Ethereum Solana Cardano Avalanche Near Injective Hedera Internet Computer Ethereum Classic Algorand VChain EOS Tezos Flow Mina Protocol Oasis Network *Layer 2* Polygon Immutable Stacks Skale Network **Payments** XRP XLM Litecoin Bitcoin Cash Zcash **MEME Coins** Doge Shiba Inu Bonk **DePIN** *Data Management* Chainlink The Graph Helium *Computing Platforms* Render Artificial Super-intelligence Alliance *Interoperability* Quant **DEFI** *Decentralized Exchanges* Uniswap 1Inch Curve *Lending Platforms* Aave Maker Compound *Asset Management* Lido DAO *Derivatives* Synthetix **Media and Entertainment** *Metaverse* Sandbox Decentraland *Social* ApeCoin Chiliz *Content Advertising* Livepeer

Original-Assistant-8

This could be a boost for some RWA projects? I also see a lot of items in this press release last year seem to fit: The Founder and Chairman, H.E. Sheikh Mansoor Bin Khalifa Al-Thani, member of the Qatari ruling family, formerly served for a decade as the director of information technology for The Council of The Qatar Ruling Family Affairs. Layer 1 hybrid blockchain platform where developers can code smart contract, DApp, DeFi, DAO, token, NFT, Metaverse, CBDC, tokenized asset, and robust Web3 solutions on top of the QAN blockchain platform in any programming language. **Johann Polecsak, Co-Founder and CTO of QANplatform said:** "Working alongside MBK Holding and their team is truly an honor. QANplatform is driven by the vision of creating the safest and most user-friendly blockchain platform, enabling the development of numerous real-world robust applications that bring tangible value to various industries." [https://www.prnewswire.com/news-releases/qanplatform-signs-15m-vc-deal-for-its-quantum-resistant-layer-1-blockchain-302005133.html](https://www.prnewswire.com/news-releases/qanplatform-signs-15m-vc-deal-for-its-quantum-resistant-layer-1-blockchain-302005133.html)

GabeSter

Unstoppable Domains, together with the CCMOON DAO, have launched .MOON domains designed to take your onchain identity to new heights. 🚀 Help support Moons by starting your domain purchase on the r/cc landing page here: https://get.unstoppabledomains.com/moon/?utm_source=Banner&utm_medium=UD%20Social&utm_campaign=.MOON%20Tracking Want a chance to win a free .moon domain, check out this post for more information: https://www.reddit.com/r/CryptoCurrency/comments/1gv5vwh/another_chance_to_win_a_moon_domain_just_dropped/

GabeSter

Unstoppable Domains, together with the CCMOON DAO, have launched **.MOON** domains designed to take your onchain identity to new heights. 🚀 Help support Moons by starting your domain purchase on the [r/cc](https://www.reddit.com/r/cc/) landing page here: [https://get.unstoppabledomains.com/moon/?utm\_source=Banner&utm\_medium=UD%20Social&utm\_campaign=.MOON%20Tracking](https://get.unstoppabledomains.com/moon/?utm_source=Banner&utm_medium=UD%20Social&utm_campaign=.MOON%20Tracking)

coinfeeds-bot

tldr; A California federal court has ruled that Lido DAO, the governing body behind a liquid staking protocol, can be classified as a general partnership under state law, making its members potentially liable. The court rejected Lido's claim of not being a legal entity, setting a precedent for DAOs. The ruling implicates entities like Paradigm Operations and Andreessen Horowitz as general partners due to their involvement in Lido's governance. The decision arose from a lawsuit alleging Lido's tokens were unregistered securities, leading to financial losses for the plaintiff. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Objective_Digit

Bitcoin had no value then. The problem had to be rectified. The DAO hard fork was a bail out. No justification except to rescue the money of the DAO investors. Comparing the two is laughable.

Objective_Digit

> Moving the goalposts eh? :D How is that moving the goalposts? >When it was worth zero and barely anyone knew it even existed. There was $50M in the DAO. It was the biggest crowdfunded thing at the time.

Objective_Digit

> The DAO attack is nothing compared to the Bitcoin overflow bug that caused a rollback of the chain and undid thousands of transactions because they printed millions of BTC.  The Bitcoin example was an essential bug fix when Bitcoin was worth zero. No one party was favoured. There was nothing wrong with Ethereum. The DAO investrors were bailed out.

epic_trader

>When it was worth zero and barely anyone knew it even existed. Moving the goalposts eh? :D >And let's not bring up the DAO. When it was worth zero and barely anyone knew it even existed.

communist_mini_pesto

The canonical chain is where the users are and the holders spoke decisively by using ETH.  ETC is a zombie chain that frequently gets 51% attacked.  The DAO attack is nothing compared to the Bitcoin overflow bug that caused a rollback of the chain and undid thousands of transactions because they printed millions of BTC. 

Objective_Digit

Getting approved or not approved is another matter. Only 8% of holders voted for the DAO hard fork. Check out the carbon vote on archive.org

Objective_Digit

And the DAO rollback.

etheraider

The lions are a DAO on Ethereum called "EVMavericks" who focus on education/decentralization/crypto centric values in the ecosystem. Im a part of the DAO

etheraider

I won’t pretend to know the inner workings of the EF. But borrowing against ETH or any asset is a form of leverage, and certain organizations are very conservative/averse to any unnecessary risk. I can speak to this personally as I am part of a DAO that itself is very risk averse and addressed this very issue of borrowing against our assets and many members were against the risk. I wouldn’t read into it in that way as it’s a false equivocation: the EF is not an investment fund or “the corporation” for Ethereum, they’re not in the “business” of generating high asset valuations for their stockholders like MSTR/Saylor is, theyre in the business of research and that is their goal. Generating revenue from their ETH is not the end goal, it’s to advance the tech of the ethereum protocol.

coinfeeds-bot

tldr; Bonk (BONK) has become Solana's top meme coin, surpassing Dogwifhat (WIF) with a market cap of $3.77 billion after a 28% price surge. This rise is attributed to the BONK DAO's announcement to burn 1 trillion tokens by Christmas, increasing scarcity and driving up the price. The coin's social dominance has also increased, indicating strong community interest. BONK's price is currently around $0.000050, with potential to rise to $0.000055, though overbought conditions could lead to a pullback to $0.000030. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SIN-QUEL

They invested in almost everything that is gaming on the blockchain + they will have a significant amount of fun games that will be developed not only for pc or mobile but also consoles like Switch. I also am a fan of DAO regulation so that is a personal + for me also.

MichaelAischmann

The DAO will just operate elsewhere if it doesn't like the regulations.

psybx

All of the underlying technology of Bitcoin has existed for years (and some cases decades) before Bitcoin was launched.  Things like Merkle Trees and Proof Of Work (hashcash) as well as ideas surrounding digital currency that have been played with since literally the 1970s. The true one-time innovation was that satoshi was able to take 40 years of cryptography research, digital currency research and human incentives and combine them all into a self sustaining distributed protocol. The individual pieces of the technology are not that exciting.  Blockchain, for example, is just a very inefficient database.  But it’s immutable when highly distributed like Bitcoins is.  Almost all of these other cryptos are basically just LARPing when it comes to be decentralised.  They run on a handful of servers and their blockchains could be rewritten whenever they want (see the Ethereum DAO hack as an example of this). It’s a long winded answer but it’s not the technology that makes Bitcoin so compelling, but the combination of incentives and social consensus, that has reached escape velocity at this point.  None of these other cryptos are even the same category as Bitcoin…

coinfeeds-bot

tldr; A special economic zone in the UAE, Ras Al Khaimah Digital Assets Oasis (RAK DAO), plans to introduce a legal framework for decentralized autonomous organizations (DAOs). This new framework will address governance, tax requirements, ownership of assets, and legal protection of liabilities for DAOs operating in the zone. The regulations aim to provide a seamless operating environment and enhance the UAE's pro-crypto reputation, attracting global investors and businesses to its rapidly growing crypto sector. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

poozyfloor

Ai16z. My first foray into AI driven DAO. Made a nice chunk so far.

ACCrowley

Ohhh. This is so interesting! The lotus sutra guiding AI (and humanity!) to a more benevolent singularity… love the concept, and the DAO as well

MinimalGravitas

Rotki, it is all open source and runs completely locally on your computer, so there's no website collecting and selling data on all your accounts and IP to random 3rd parties. If you run your own node you can connect it to that, to avoid even the privacy leak from 3rd party RPCs. It was created by Lefteris, one of the Ethereum OGs, I think he helped write the Solidity compiler and was a key figure in helping recover funds from the original DAO hack. A very legit dude. https://rotki.com/ I've used it for years and at this point wouldn't trust any other portfolio tracker.

lilboboblue

Hey OP! Is this curve DAO? Looks like a great time to get in now :)

fan_of_hakiksexydays

There was a lot of misunderstanding about the sunset (thanks to Reddit's poor communication). A lot of people thought it meant Moons were discontinued, and the contract would lock transactions. So they thought Moons were dead and done for. But later Reddit clarified that they would relinquish control of the contract, but allow Moons to continue. They would stop running it, and let communities run it themselves if they want. And that's how we went from having Moons be Reddit-controlled, to Moons now be DAO-controlled by the community.

Jvski

Yes. If the network becomes too centralized it's super easy to just fork it. Everything is open source after all. Look at what happened in 2015 with the whole DAO debacle. Now we have ETH instead of ETC. Centralization is technically really not an issue. "The big audience" is really just lagging behind, alot. During the Dotcom bubble, Google wasn't a significant player in the market by any means. It was all about Yahoo!. "Algorithms could never ever provide the quality of information that actual humans can dig up." You see how that aged. The crypto marker is only just starting to mature. It's still early.

demonic098

I recently doubled down on Jupiter, its my current favorite Dex its fast and have lots of options its DAO is so active too. I am thinkin on dropping some on SUI too but I think its already too high, but that was the same mistake I said when I think that BNB is too high at $16

coinfeeds-bot

tldr; The article discusses the role of decentralized market making in the future of decentralized finance (DeFi). It highlights the current dominance of centralized market makers in the cryptocurrency market, which can lead to issues like price manipulation and lack of transparency. Reform DAO is presented as a solution, offering a decentralized framework for market making that promotes transparency and inclusivity. Reform DAO uses advanced algorithms and a unique financial structure to maintain liquidity and support sustainable growth, aiming to decentralize market making and align with DeFi's core principles. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

nomorebonks

You're welcome - thanks for asking and being open minded about ICP. > Can you have all the decentralised apps like eBay, Twitter etc on Ethereum as well? Put simply - no, you cannot have all this on top of Ethereum. If you wanted to build an "ETH eBay" it would all be built on AWS and then once a token transfer had to happen that's when ETH is called. 99% of it is off chain. On ICP inside of a canister smart contract you put your database, code, storage, web pages, etc. entirely on the chain itself. There's no need for any outside cloud services. It's 100% onchain. ICP is also running AI onchain as well and it's improving pretty quickly. The use cases for ICP are basically endless while traditional blockchains are really just moving tokens around. You don't need firewalls or anti-virus like you do on traditional web2 architecture: >Tamperproof architecture: Systems and services built on the Internet Computer are secure by default. They don't require protection from firewalls, SIEM logging, or other traditional cybersecurity frameworks because the platform itself is designed to be tamperproof. It's also the only actual autonomous DAO - the protocol handles all updates so no one is directly in charge. Proposals have to pass or nothing gets updated. Any app can be built with this framework through the SNS too. You can ask the AI on the main site for more details: https://internetcomputer.org/

nomorebonks

ICP is a platform to build applications entirely onchain - it holds the entire website, data, storage, code all onchain inside canister smart contracts. There's no central authority like on AWS that can shut down the applications you build. Basically it's AWS entirely onchain ran as an actually autonomous DAO. That's just the start of it.

Adventurous-Ad-101

+Algorand boasts the highest circulating supply percentage among all Layer 1 blockchains, creating a level of predictability now that all early investor tokens have been distributed. +Algorand has recorded the highest sustained TPS among Layer 1s, excluding votes and messages on networks like HBAR and ICP. This high TPS was tested multiple times to validate block size reliability. While caps are in place to control block time and minimize costs, the network has shown it could achieve up to 3x its current speed without compromising reliability. +Algorand’s node requirements are the lowest across all major chains, which is particularly noteworthy given its 100% uptime. +Algorand has implemented true peer-to-peer transactions for a genuinely decentralized network experience. +Real-world use cases and partnerships demonstrate Algorand’s versatility and trustworthiness: it’s used by FIFA (collect + world cup ticket access), tested by the European Central Bank, leveraged by TravelX with Flybondi and the Mexican National Airline, and has over $40 million of American real estate on-chain under DAO LLC ownership. Algorand even supports a method of payment in Afghanistan. =Algorand Can.

coinfeeds-bot

tldr; TRON DAO announced its integration with Chainlink Data Feeds to enhance security for its DeFi applications. At the Chainlink SmartCon in Hong Kong, Justin Sun, Founder of TRON, announced that Chainlink Data Feeds will be the official data oracle solution for the TRON blockchain ecosystem. This integration aims to secure TRON's DeFi applications like JustLend and JustStable, which have over $6.5 billion in Total Value Locked. TRON will initially cover certain operating costs of Chainlink oracle networks, transitioning to user fees as the ecosystem matures. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

DBRiMatt

> And it will be even better when we have the Marshall LLC DAO setup in the future. How is that going anyway? It feels like it's been a while since we had an update on that front, or I've missed it somewhere along the way

Q5abHuJtP5MMFinpSa

>I'm new to crypto, but what's wrong with eth? Ethereum is a centralized project that first began with a massive 72 million ETH premine. Ethereum launched with 12 million ETH that was given to the developers and an additional 60 million ETH that they sold for BTC as a part of its "initial coin offering" during the presale. The Ethereum developers purposely misled investors by suggesting that there was merely a 12 million ETH premine and ignoring the 60 mi llion ETH that they sold during the presale, misleading total supply graphs in their prospectus. This is a serious concern and it's possible that the SEC may go after Ethereum developers and the Ethereum Foundation for creating and selling a non-compliant unregistered security (ETH is a security because it passes the [Howey Test](https://www.investopedia.com/terms/h/howey-test.asp)). The [SEC has been investigating the Ethereum Foundation this year.](https://www.bloomberg.com/news/articles/2024-03-20/ethereum-foundation-gets-sec-scrutiny-in-latest-crypto-crackdown) Here is [another article about ETH and the Ethereum Foundation being investigated this year.](https://www.coindesk.com/business/2024/03/20/ethereum-foundation-under-investigation-by-state-authority/) [Here is a clip of the co-founder of Ethereum, Joseph Lubin, describing how they allowed whales to use multiple fake identities to buy as much ETH as they wanted during the Ethereum presale.](https://i.imgur.com/HpBR7C5.mp4) "A person can buy with any number of different identities. We may limit the unit size of a single sale to make it easier to disguise. So that nobody scares people with an enormous initial purchase. If you are a whale and you plan on investing several million US dollars worth, then you can do so with with multiple identities." [Now click here and listen to a few minutes of Bitcoin developer Jimmy Song talk about Ethereum and Vitalik.](http://www.youtube.com/watch?v=T89gsJ2MsG8&t=47m24s) Jimmy worked directly with Vitalik from the beginning, back when Vitalik was still working on rootstock for Bitcoin. The Ethereum community has endorsed radical changes and pivots, trying to find narrative fit and the Ethereum leadership team is more willing to embrace alternations to the core objective of the protocol in their search for product market fit. They've literally tried world computer, dapps, crowdfunding, NFTs, DeFi, open finance, radical markets, store of value, and more. Ethereum is an aggregator of these narratives, trying each one out over the years in an attempt to seduce people that are uneducated about cryptocurrency. But there is no persistence of a singular narrative when it comes to Ethereum and they are still trying to find product market fit even after all this time. Ethereum is a pointless project that will lead to no efficiency because there is no censorship risk in code execution. What purpose does Ethereum solve if it comes with a horrible trade off of an extremely large attack surface and huge scaling problems? They also advertised immutability and unstoppable contracts that were then immediately reversed with multiple hard forks. Vitalik and many others in the Ethereum space are known scammers. Vitalik is not an idiot and he knew better than to pitch something as ridiculous as quantum mining to investors. Another example is pitching turing completeness as the valuable aspect of ETH, now pivoting away from that and saying it was never about turing completeness but "rich statefulness." \- [Gregory Maxwell: “Vitalik Buterin Ran A Quantum Computer Scam”](http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-buterin-ran-quantum-computer-scam/) \- [Quantum Computing and Bitcoin with Vitalik Buterin](https://www.youtube.com/watch?v=DkUpZkeqhF4) \- [Vitalik’s Quantum Scam](https://medium.com/bitcoinerrorlog/vitaliks-quantum-quest-9e6af6570f23) Unlike Ethereum, Bitcoin's issuance rate and maximum supply are clearly defined and they will never change. Ethereum's inflation rate, maximum supply, and final algo are not even defined and people are investing in this. This is insane and it basically amounts to faith in Vitalik and his team. While at the same time newbies are misled into believing that Ethereum is decentralized. Meanwhile, Vitalik has full control over the whole project. Does anybody else here remember the DAO smart contract? Someone found a way to drain ETH and some of Vitalik's buddies lost a ton of ETH, so he rolled back the entire blockchain because Ethereum is centralized, Vitalik is the leader of it, and everyone in the Ethereum community agrees with him, so he can do whatever he wants with Ethereum. He chose to change the name of the real Ethereum blockchain to Ethereum Classic and calls his rolled back blockchain Ethereum. Not long ago ETH miners said they weren't going to follow Vitalik into adding a ponzi style transaction fee burn, so Vitalik, the leader of Ethereum, called their consensus a 51% attack and changed the rules. The fact that Ethereum has switched over to staking rewards also has serious tax implication in many countries where merely holding your ETH being staked will expose users to legal tax obligations. Exchanges for example must send a 1099-MISC to the IRS on behalf of any American user earning $600 in a year. Proof-of-Stake also makes it so the already rich whales control the network and will be collecting compounding interest to dump on the open market. Ethereum has already failed to scale as expected and so they have hard forked again and switched to a proof-of-stake consensus algorithm and started over from scratch (formerly referred to as Ethereum 2.0). This was easily done because Ethereum is centralized and everybody in the Ethereum community goes along with whatever their leader Vitalik says. I have no expectation that this new Ethereum will be any more successful than the previous Ethereum and this new Ethereum is still a centralized project that is controlled and ran by scammers. [Now Vitalik is already laying the groundwork for some more hype and suggesting a re-brand to Ethereum 3.0!](https://i.imgur.com/mxIzBYK.mp4) Ethereum scam part 1 - [Here we focus on the Ethereum token pre-sale which to anyone with any financial experience, is an obvious sale of an unlicensed unregistered security.](https://www.youtube.com/watch?v=wUUVlatCvp0) Ethereum scam part 2 - [Here we take a look at the value & business proposition of Decentralized Smart Contracts and why it's one of the dumbest ways to make your business more efficient.](https://www.youtube.com/watch?v=mCiHTJRbIf4) Ethereum scam part 3 - [The Ethereum scam part 3.](https://www.youtube.com/watch?v=BgFXqVpGDNg) https://medium.com/startup-grind/i-was-wrong-about-ethereum-804c9a906d36 \- [Ethereum and Ethereum Classic are scams and so are the developers that build on them](https://www.youtube.com/watch?v=qxtVLjCxPDU) Institutional investors have no interest in ETH and this report titled ["An Institutional Investor's Take on Cryptoassets"](https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf) details why. This report even explains that when Ethereum's fees get too high and things don't go as planned, users will switch (and are switching) to use a different centralized cryptocurrency. You can already see this happening right now with all of the "ETH killers." That report also explains why institutional investors are interested in BTC. "The Ethereum blockchain growing 85 terabytes per year is totally fine. If you have even one person that just keeps buying like a hundred dollar hard drive like I think once every month then they can store it." ―Vitalik Buterin Source: https://i.imgur.com/1FZdLC5.mp4 Over 99% of altcoins were created to enrich their founders and over 99% of them have no future. None of them are as secure, as decentralized, or launched as fairly as Bitcoin. Satoshi created Bitcoin to allow online payments to be sent directly from one person to another without trust or permission from anyone else. Bitcoin had no premine, no developer fund, no developer tax, and no leader. Satoshi never sold, made no profit, got no fame for his real identity, removed himself from the project, and he gave a two month heads up before he launched Bitcoin. Bitcoin is decentralized and trustless with the full nodes in control of the protocol rules. And Bitcoin doesn't have a person, CEO, or company in charge of it or leading it. Satoshi took careful steps to make sure that the world would look back and observe that Bitcoin was launched fairly: * No premine (Satoshi didn’t grant himself any coins) * Gave a 2 month heads up before launching the network (no sudden release and no mining before release) * Coins had no value for 1.5 years so they circulated freely (it's not even possible for an altcoin to replicate this) * Satoshi never cashed out (unlike every other cryptocurrency founder)

a0YGrLfQuszpczee4u

Ethereum is a centralized project that first began with a massive 72 million ETH premine. Ethereum launched with 12 million ETH that was given to the developers and an additional 60 million ETH that they sold for BTC as a part of its "initial coin offering" during the presale. The Ethereum developers purposely misled investors by suggesting that there was merely a 12 million ETH premine and ignoring the 60 mi llion ETH that they sold during the presale, misleading total supply graphs in their prospectus. This is a serious concern and it's possible that the SEC may go after Ethereum developers and the Ethereum Foundation for creating and selling a non-compliant unregistered security (ETH is a security because it passes the [Howey Test](https://www.investopedia.com/terms/h/howey-test.asp)). The [SEC has been investigating the Ethereum Foundation this year.](https://www.bloomberg.com/news/articles/2024-03-20/ethereum-foundation-gets-sec-scrutiny-in-latest-crypto-crackdown) Here is [another article about ETH and the Ethereum Foundation being investigated this year.](https://www.coindesk.com/business/2024/03/20/ethereum-foundation-under-investigation-by-state-authority/) [Here is a clip of the co-founder of Ethereum, Joseph Lubin, describing how they allowed whales to use multiple fake identities to buy as much ETH as they wanted during the Ethereum presale.](https://i.imgur.com/HpBR7C5.mp4) "A person can buy with any number of different identities. We may limit the unit size of a single sale to make it easier to disguise. So that nobody scares people with an enormous initial purchase. If you are a whale and you plan on investing several million US dollars worth, then you can do so with with multiple identities." [Now click here and listen to a few minutes of Bitcoin developer Jimmy Song talk about Ethereum and Vitalik.](http://www.youtube.com/watch?v=T89gsJ2MsG8&t=47m24s) Jimmy worked directly with Vitalik from the beginning, back when Vitalik was still working on rootstock for Bitcoin. The Ethereum community has endorsed radical changes and pivots, trying to find narrative fit and the Ethereum leadership team is more willing to embrace alternations to the core objective of the protocol in their search for product market fit. They've literally tried world computer, dapps, crowdfunding, NFTs, DeFi, open finance, radical markets, store of value, and more. Ethereum is an aggregator of these narratives, trying each one out over the years in an attempt to seduce people that are uneducated about cryptocurrency. But there is no persistence of a singular narrative when it comes to Ethereum and they are still trying to find product market fit even after all this time. Ethereum is a pointless project that will lead to no efficiency because there is no censorship risk in code execution. What purpose does Ethereum solve if it comes with a horrible trade off of an extremely large attack surface and huge scaling problems? They also advertised immutability and unstoppable contracts that were then immediately reversed with multiple hard forks. Vitalik and many others in the Ethereum space are known scammers. Vitalik is not an idiot and he knew better than to pitch something as ridiculous as quantum mining to investors. Another example is pitching turing completeness as the valuable aspect of ETH, now pivoting away from that and saying it was never about turing completeness but "rich statefulness." \- [Gregory Maxwell: “Vitalik Buterin Ran A Quantum Computer Scam”](http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-buterin-ran-quantum-computer-scam/) \- [Quantum Computing and Bitcoin with Vitalik Buterin](https://www.youtube.com/watch?v=DkUpZkeqhF4) \- [Vitalik’s Quantum Scam](https://medium.com/bitcoinerrorlog/vitaliks-quantum-quest-9e6af6570f23) Unlike Ethereum, Bitcoin's issuance rate and maximum supply are clearly defined and they will never change. Ethereum's inflation rate, maximum supply, and final algo are not even defined and people are investing in this. This is insane and it basically amounts to faith in Vitalik and his team. While at the same time newbies are misled into believing that Ethereum is decentralized. Meanwhile, Vitalik has full control over the whole project. Does anybody else here remember the DAO smart contract? Someone found a way to drain ETH and some of Vitalik's buddies lost a ton of ETH, so he rolled back the entire blockchain because Ethereum is centralized, Vitalik is the leader of it, and everyone in the Ethereum community agrees with him, so he can do whatever he wants with Ethereum. He chose to change the name of the real Ethereum blockchain to Ethereum Classic and calls his rolled back blockchain Ethereum. Not long ago ETH miners said they weren't going to follow Vitalik into adding a ponzi style transaction fee burn, so Vitalik, the leader of Ethereum, called their consensus a 51% attack and changed the rules. The fact that Ethereum has switched over to staking rewards also has serious tax implication in many countries where merely holding your ETH being staked will expose users to legal tax obligations. Exchanges for example must send a 1099-MISC to the IRS on behalf of any American user earning $600 in a year. Proof-of-Stake also makes it so the already rich whales control the network and will be collecting compounding interest to dump on the open market. Ethereum has already failed to scale as expected and so they have hard forked again and switched to a proof-of-stake consensus algorithm and started over from scratch (formerly referred to as Ethereum 2.0). This was easily done because Ethereum is centralized and everybody in the Ethereum community goes along with whatever their leader Vitalik says. I have no expectation that this new Ethereum will be any more successful than the previous Ethereum and this new Ethereum is still a centralized project that is controlled and ran by scammers. [Now Vitalik is already laying the groundwork for some more hype and suggesting a re-brand to Ethereum 3.0!](https://i.imgur.com/mxIzBYK.mp4) Ethereum scam part 1 - [Here we focus on the Ethereum token pre-sale which to anyone with any financial experience, is an obvious sale of an unlicensed unregistered security.](https://www.youtube.com/watch?v=wUUVlatCvp0) Ethereum scam part 2 - [Here we take a look at the value & business proposition of Decentralized Smart Contracts and why it's one of the dumbest ways to make your business more efficient.](https://www.youtube.com/watch?v=mCiHTJRbIf4) Ethereum scam part 3 - [The Ethereum scam part 3.](https://www.youtube.com/watch?v=BgFXqVpGDNg) https://medium.com/startup-grind/i-was-wrong-about-ethereum-804c9a906d36 \- [Ethereum and Ethereum Classic are scams and so are the developers that build on them](https://www.youtube.com/watch?v=qxtVLjCxPDU) Institutional investors have no interest in ETH and this report titled ["An Institutional Investor's Take on Cryptoassets"](https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf) details why. This report even explains that when Ethereum's fees get too high and things don't go as planned, users will switch (and are switching) to use a different centralized cryptocurrency. You can already see this happening right now with all of the "ETH killers." That report also explains why institutional investors are interested in BTC. "The Ethereum blockchain growing 85 terabytes per year is totally fine. If you have even one person that just keeps buying like a hundred dollar hard drive like I think once every month then they can store it." ―Vitalik Buterin Source: https://i.imgur.com/1FZdLC5.mp4 Over 99% of altcoins were created to enrich their founders and over 99% of them have no future. None of them are as secure, as decentralized, or launched as fairly as Bitcoin. Satoshi created Bitcoin to allow online payments to be sent directly from one person to another without trust or permission from anyone else. Bitcoin had no premine, no developer fund, no developer tax, and no leader. Satoshi never sold, made no profit, got no fame for his real identity, removed himself from the project, and he gave a two month heads up before he launched Bitcoin. Bitcoin is decentralized and trustless with the full nodes in control of the protocol rules. And Bitcoin doesn't have a person, CEO, or company in charge of it or leading it. Satoshi took careful steps to make sure that the world would look back and observe that Bitcoin was launched fairly: * No premine (Satoshi didn’t grant himself any coins) * Gave a 2 month heads up before launching the network (no sudden release and no mining before release) * Coins had no value for 1.5 years so they circulated freely (it's not even possible for an altcoin to replicate this) * Satoshi never cashed out (unlike every other cryptocurrency founder)

onesculpt

\> "So what? At-will printing is the only problem with printing. Fixed, algorithmic, locked-in supply proportional to staking is not a problem, it's **exactly** the same as mining in its effect. * People with lots of ETH get more ETH, directly proportional to their starting wealth * People with lots of BTC can buy a lot of ASICs and get more BTC, directly proportional to their starting wealth" Proof of Work vs. Proof of Stake: Proof of Work (PoW) is about real hard work. Only through real effort and energy consumption can the network be secured. Hard work creates real value. Proof of Stake (PoS), on the other hand, is more like the fiat system, where just having wealth creates more wealth, leading to risks of centralization. If you’ve really studied economic theories like Modern Monetary Theory (MMT), Keynesian economics, and Austrian economics, you’d understand that real money needs to be created through hard work. Money isn’t the same as currency. Bitcoin, backed by PoW, represents that hard work, which is why it has real value. \> "No it's literally 100% inflexible. Set in stone. No clue what you're talking about. Nobody can change the algorithm, any more than bitcoin. (All they can do is make a whole new coin and try to convicne everyone to move to it, which can also happen with bitcoin)" Policy Changes and Scarcity: Ethereum has changed its monetary policy multiple times, like when it forked after the DAO hack. This shows it’s not truly set in stone. Bitcoin, however, can’t be changed without massive agreement from everyone: miners, nodes, and users. That’s what makes Bitcoin stable and predictable. \>As shown above with the two bullet points, ethereum protects your value exactly equally as well. So nope. Sure, staking might look like an efficient way to earn more ETH, but think about where that ETH comes from. It’s created out of thin air, just like fiat money. Even if the comparison isn’t perfect, the idea remains: without real work or energy behind it, the currency can become inflationary. Hard money, like Bitcoin, requires hard work to create, and history has shown that’s what gives money real value. \>Ethereum has been worth billions for ages now under PoS, when was it attacked? Why is it not being attacked? If it's "low security"? Do hackers/attackers just not like free money? Or...? By the way, Ethereum hasn’t been around “for ages.” It was launched in 2015 (or 2016 if you count when it really took off), and it only moved to Proof of Stake in 2022. Since then, it hasn’t reached its all-time high again. Why? Because PoS can lead to inflation, similar to fiat money. Ethereum has faced many forks and changes, and its security is still not on the same level as Bitcoin’s. Bitcoin’s network is the most dominant and secure, backed by the power of PoW. What does Ethereum offer besides Smart Contracts, NFTs, and PoS? Is it really a good store of value compared to Bitcoin? \>No, the VALUE is just as scarce. Bitcoin you hold 1 BTC, and later you still hold an equally scarce value of 1 BTC Ethereum you hold and stake 1 ETH, and later the total number has doubled, and you have 2 ETH, each of which has half the true value (purchasing power) as before. 0.5+0.5 = 1, the same value as you had before, you hold the same portion / scarcity of ethereum. Just as guaranteed and stable as BTC. If you check the ETH/BTC chart on CoinMarketCap, you’ll see that ETH has consistently lost value compared to Bitcoin. There are reasons for that. Bitcoin’s dominance as a store of value is unmatched, and ETH’s inflationary tendencies under PoS just can’t compete. \>I have, which is how I know ethereum is superior in literally every way. I used to think the same way back in 2021, and I understand why it felt convincing at the time. But after diving deeper into economic theories and really understanding the difference between hard money and fiat-like systems, I realized why Bitcoin’s approach is fundamentally different. Maybe it’s worth revisiting some of those concepts with a fresh perspective.

oneden

Crypto goons like you have the burden of proof and not the other way around. But I'll bite. Remittance. - Western Union, Wisely, Remitly are by far more in use than crypto and far easier to use. Loans. - Show me where people somehow benefit from loans in crypto? If you can't provide actual examples, you mostly talking out your read end. DAO's - Not only are they not decentralized, they are still in the hands of often anonymous owners of said project. Literally every DAO I can think of isn't made more democratic because a handful of people have a far greater voting power than anyone. Crypto doesn't add to the concept, it just enables more centralization. Might want to look up Siesta Labs/Azuro for that. Unbanked: - Doesn't help either. The issue of the unbanked is an infrastructural one, not a technical one. You might want to see how it works in countries like Kenya with M-PESA. And stop whinging like a toddler. You literally insulted someone from the get go in your response, so grow a pair.

coinfeeds-bot

tldr; TRON DAO has joined the Chainlink Scale program to enhance its DeFi ecosystem by adopting Chainlink Data Feeds as its official data oracle solution. This move will replace WINkLink and secure over $6.5 billion in TRON DeFi TVL, particularly for JustLend and JustStable. TRON will initially cover some operating costs of Chainlink oracle networks, facilitating sustainable access to reliable oracle services. This partnership aims to accelerate TRON's ecosystem growth and adoption by providing developers with high-quality data solutions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

JustStopppingBye

>Once upgraded, TRON DAO will discontinue its support for [u/WinkLink\_Oracle](https://x.com/WinkLink_Oracle) & $6.5B+ in DeFi TVL will become secured by Chainlink. lol lmao

iam_pink

>Ha! that's hilarious. They literally did that in 2016 after the DAO hack. So your argument is invalid. And I literally said it is technically possible with a consensus, both on Ethereum and on Bitcoin. Since you didn't bother actually reading my comment, I'll stop reading yours right there and spend my time doing my job instead: developing blockchain applications :)

AccomplishedHost2794

>started to watch the second video That's too bad. The first video is far more important and relevant to this discussion. >The whole "worry that they can rollback the chain" is absurd. They cannot rollback the chain any more than Bitcoin miners can. Meaning they all technically can with a common consensus, not that it is impossible. Ha! that's hilarious. They literally did that in 2016 after the DAO hack. So your argument is invalid. >The censoring is a feature, not a bug, of all blockchains. A Bitcoin miner can also censor transactions that it mines, just like an Ethereum validator can. Is it a good thing? Not necessarily, and I don't like it, but it is unavoidable in a decentralised blockchain. By the way, you cannot be completely censored on any chain, as long as there is a miner/validator not censuring you. You'll just be delayed. And that is valid for Bitcoin, Ethereum, and pretty much any other decentralised blockchain. Nodes on the Bitcoin network can filter out transactions, yes. But other nodes are gonna accept it, so it'll be fine, as long as the network consensus includes the transaction. In Ethereum, literally 58% of blocks are OFAC-compliant (government sanctions). [https://www.mevwatch.info/](https://www.mevwatch.info/) This is literally only possible to do in a highly centralized system. This would be impossible in Bitcoin, because it is properly decentralized. So your argument here is also invalid. >In both PoS and PoW consensus mechanism, money rules. The difference is that with PoS, the more money you pour in ETH, the more power you have over the protocol, while with PoW, the more money you pour in your mining equipment, the more power you have over the protocol. Both consensus mechanisms put power in the hands of the rich. Pretending it is an issue affecting PoS and not PoW is absurd. (and at least PoS doesn't waste physical resources) Well the issue with Ethereum is that it had a 70% pre-mine before they opened up Ethereum to the public. The founders hold these huge amounts of Ether, so wonder who has the most say... Such a coincidence that they wanted to switch to PoS hahahaha. Which, btw, they forced on everyone because ***they control the protocol***. If you had watched the first video I linked, you would know why. PoW is the only mechanism suitable for a truly decentralized system, since the hashrate is what strengthens the network. The Bitcoin network is literally the strongest computer network in the world. And it's not just by a little bit; if you combine Microsoft, Apple and Amazon, Bitcoin is still a much stronger network at 746.7 EH/s. So once again, your argument is invalid.

declanaussie

BTC can always incorporate new technology. ETH can never go back on the fact that they hard forked to undo transactions in the DAO hack, which is entirely antithetical to the philosophy of cryptocurrencies.

aspcdslr

Ethereum is a centralized project that first began with a massive 72 million ETH premine. Ethereum launched with 12 million ETH that was given to the developers and an additional 60 million ETH that they sold for BTC as a part of its "initial coin offering" during the presale. The Ethereum developers purposely misled investors by suggesting that there was merely a 12 million ETH premine and ignoring the 60 mi llion ETH that they sold during the presale, misleading total supply graphs in their prospectus. This is a serious concern and it's possible that the SEC may go after Ethereum developers and the Ethereum Foundation for creating and selling a non-compliant unregistered security (ETH is a security because it passes the [Howey Test](https://www.investopedia.com/terms/h/howey-test.asp)). The [SEC has been investigating the Ethereum Foundation this year.](https://www.bloomberg.com/news/articles/2024-03-20/ethereum-foundation-gets-sec-scrutiny-in-latest-crypto-crackdown) Here is [another article about ETH and the Ethereum Foundation being investigated this year.](https://www.coindesk.com/business/2024/03/20/ethereum-foundation-under-investigation-by-state-authority/) [Here is a clip of the co-founder of Ethereum, Joseph Lubin, describing how they allowed whales to use multiple fake identities to buy as much ETH as they wanted during the Ethereum presale.](https://i.imgur.com/HpBR7C5.mp4) "A person can buy with any number of different identities. We may limit the unit size of a single sale to make it easier to disguise. So that nobody scares people with an enormous initial purchase. If you are a whale and you plan on investing several million US dollars worth, then you can do so with with multiple identities." [Now click here and listen to a few minutes of Bitcoin developer Jimmy Song talk about Ethereum and Vitalik.](http://www.youtube.com/watch?v=T89gsJ2MsG8&t=47m24s) Jimmy worked directly with Vitalik from the beginning, back when Vitalik was still working on rootstock for Bitcoin. The Ethereum community has endorsed radical changes and pivots, trying to find narrative fit and the Ethereum leadership team is more willing to embrace alternations to the core objective of the protocol in their search for product market fit. They've literally tried world computer, dapps, crowdfunding, NFTs, DeFi, open finance, radical markets, store of value, and more. Ethereum is an aggregator of these narratives, trying each one out over the years in an attempt to seduce people that are uneducated about cryptocurrency. But there is no persistence of a singular narrative when it comes to Ethereum and they are still trying to find product market fit even after all this time. Ethereum is a pointless project that will lead to no efficiency because there is no censorship risk in code execution. What purpose does Ethereum solve if it comes with a horrible trade off of an extremely large attack surface and huge scaling problems? They also advertised immutability and unstoppable contracts that were then immediately reversed with multiple hard forks. Vitalik and many others in the Ethereum space are known scammers. Vitalik is not an idiot and he knew better than to pitch something as ridiculous as quantum mining to investors. Another example is pitching turing completeness as the valuable aspect of ETH, now pivoting away from that and saying it was never about turing completeness but "rich statefulness." \- [Gregory Maxwell: “Vitalik Buterin Ran A Quantum Computer Scam”](http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-buterin-ran-quantum-computer-scam/) \- [Quantum Computing and Bitcoin with Vitalik Buterin](https://www.youtube.com/watch?v=DkUpZkeqhF4) \- [Vitalik’s Quantum Scam](https://medium.com/bitcoinerrorlog/vitaliks-quantum-quest-9e6af6570f23) Unlike Ethereum, Bitcoin's issuance rate and maximum supply are clearly defined and they will never change. Ethereum's inflation rate, maximum supply, and final algo are not even defined and people are investing in this. This is insane and it basically amounts to faith in Vitalik and his team. While at the same time newbies are misled into believing that Ethereum is decentralized. Meanwhile, Vitalik has full control over the whole project. Does anybody else here remember the DAO smart contract? Someone found a way to drain ETH and some of Vitalik's buddies lost a ton of ETH, so he rolled back the entire blockchain because Ethereum is centralized, Vitalik is the leader of it, and everyone in the Ethereum community agrees with him, so he can do whatever he wants with Ethereum. He chose to change the name of the real Ethereum blockchain to Ethereum Classic and calls his rolled back blockchain Ethereum. Not long ago ETH miners said they weren't going to follow Vitalik into adding a ponzi style transaction fee burn, so Vitalik, the leader of Ethereum, called their consensus a 51% attack and changed the rules. The fact that Ethereum has switched over to staking rewards also has serious tax implication in many countries where merely holding your ETH being staked will expose users to legal tax obligations. Exchanges for example must send a 1099-MISC to the IRS on behalf of any American user earning $600 in a year. Proof-of-Stake also makes it so the already rich whales control the network and will be collecting compounding interest to dump on the open market. Ethereum has already failed to scale as expected and so they have hard forked again and switched to a proof-of-stake consensus algorithm and started over from scratch (formerly referred to as Ethereum 2.0). This was easily done because Ethereum is centralized and everybody in the Ethereum community goes along with whatever their leader Vitalik says. I have no expectation that this new Ethereum will be any more successful than the previous Ethereum and this new Ethereum is still a centralized project that is controlled and ran by scammers. [Now Vitalik is already laying the groundwork for some more hype and suggesting a re-brand to Ethereum 3.0!](https://i.imgur.com/mxIzBYK.mp4) Ethereum scam part 1 - [Here we focus on the Ethereum token pre-sale which to anyone with any financial experience, is an obvious sale of an unlicensed unregistered security.](https://www.youtube.com/watch?v=wUUVlatCvp0) Ethereum scam part 2 - [Here we take a look at the value & business proposition of Decentralized Smart Contracts and why it's one of the dumbest ways to make your business more efficient.](https://www.youtube.com/watch?v=mCiHTJRbIf4) Ethereum scam part 3 - [The Ethereum scam part 3.](https://www.youtube.com/watch?v=BgFXqVpGDNg) https://medium.com/startup-grind/i-was-wrong-about-ethereum-804c9a906d36 \- [Ethereum and Ethereum Classic are scams and so are the developers that build on them](https://www.youtube.com/watch?v=qxtVLjCxPDU) Institutional investors have no interest in ETH and this report titled ["An Institutional Investor's Take on Cryptoassets"](https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf) details why. This report even explains that when Ethereum's fees get too high and things don't go as planned, users will switch (and are switching) to use a different centralized cryptocurrency. You can already see this happening right now with all of the "ETH killers." That report also explains why institutional investors are interested in BTC. "The Ethereum blockchain growing 85 terabytes per year is totally fine. If you have even one person that just keeps buying like a hundred dollar hard drive like I think once every month then they can store it." ―Vitalik Buterin Source: https://i.imgur.com/1FZdLC5.mp4 Over 99% of altcoins were created to enrich their founders and over 99% of them have no future. None of them are as secure, as decentralized, or launched as fairly as Bitcoin. Satoshi created Bitcoin to allow online payments to be sent directly from one person to another without trust or permission from anyone else. Bitcoin had no premine, no developer fund, no developer tax, and no leader. Satoshi never sold, made no profit, got no fame for his real identity, removed himself from the project, and he gave a two month heads up before he launched Bitcoin. Bitcoin is decentralized and trustless with the full nodes in control of the protocol rules. And Bitcoin doesn't have a person, CEO, or company in charge of it or leading it. Satoshi took careful steps to make sure that the world would look back and observe that Bitcoin was launched fairly: * No premine (Satoshi didn’t grant himself any coins) * Gave a 2 month heads up before launching the network (no sudden release and no mining before release) * Coins had no value for 1.5 years so they circulated freely (it's not even possible for an altcoin to replicate this) * Satoshi never cashed out (unlike every other cryptocurrency founder)

GreedVault

>North Korean group was behind the attack. The group used a social engineering attack to trick a Tapioca DAO engineer into downloading malware. Kim's going to use the funds to fund his pleasure squad or nuclear program, glad the security team managed to recover the ETH.

coinfeeds-bot

tldr; Tapioca DAO successfully countered a $4.7 million hack by reclaiming $2.7 million through a counter exploit. The attack was attributed to a North Korean group using social engineering to install malware on a Tapioca engineer's device. Despite offering a $1 million bounty for the return of funds, the offer was revoked. This counteraction reduced Tapioca's losses to 45%. The incident highlights the ongoing challenges and responses within the DeFi space to hacking threats. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

KitchenDuck

\- First product (Skybridge, aka the safest and cheapest bridging solution from erc-20 to base) launching this sunday \- Arcade (cheap play2earn platform where everybody can play or upload games to get crypto rewards) in the making \- DAO governance If you want to know more, check out the homepage: [www.aviator.ac](http://www.aviator.ac) and the whitepaper: [https://www.aviator.ac/downloads/flightpaper.pdf](https://www.aviator.ac/downloads/flightpaper.pdf)

Objective_Digit

I'm no SOL fan but has it ever been censored after a DAO hack?

Objective_Digit

> Saylor is indefensible here same way the DAO hack thing was. They are nothing alike. No one is stopping you from self-custodying.

pakovm

And Saylor saying that governments can rescue "Bitcoin Banks". Let's be pragmatic, Saylor is indefensible here same way the DAO hack thing was.

SunliMin

There definitely is bridging concerns, but canonical is so safe it might as well not be a concern. However, cross-chain bridges definitely is a concern. I got burned on Agave (AAVE fork on xDai/Gnosis Chain) because of a exploit in tokens from the Omnibridge. IIRC, the bridge added a “transferAndExecute” ability early on, pre-audit, to minimize user actions. This was removed post-audit, but only applied to new tokens. So since WBTC and such excited before the fix, those tokens had the extra feature. Basically you could say “Transfer USDC to xdai AND deposit it into defi” or something in one go. Secondary, AAVE is vulnerable to reetenrancy attacks. They are aware of it, and the solution is the DAO and vetting process for getting tokens added to exchange. They essentially audit tokens and make sure they don’t have code that could be used to abuse a reentrancy attack, before they’re added as a supported token. AGAVE was not aware that some bridged tokens were pre-audit code, while some were post-audit code. They trusted post-audit code and added tokens. Ones like WBTC on xdai with this extra ability were then used to do a reentrancy attack and drain agave entirely. I say all this to say, cross-chain bridges does have risk. Canonical bridges have less, but you still need to know what you’re doing to ensure there isn’t a risk. Technically, Omnibridge wasn’t vulnerable, but it created tokens with features that lead to the fall of the chains biggest defi app at the time. One man’s feature is another man’s exploit.

Objective_Digit

That was regarding bail outs. One of which Buterin and his cronies did in 2016 after the DAO hack.

CH1997H

Want to call people "batshit insane" Vitalik? I was here in 2017 when Vitalik got in trouble for defending p\*dophilia on twitter. After the backlash, he managed to sweep it under the rug, and almost nobody knows about those tweets today Ethereum has been running for 9+ years, and the only large scale use case it's ever created is NFT scams. Think about that for a minute. How's that mainstream adoption going? Vitalik is a massive tech grifter. I remember the Ethereum "DAO" disaster that created Ethereum Classic. This guy has made so many utterly insane decisions, and people lick it up from the floor while he keeps promising "big things coming" for his shitcoin year after year

coinfeeds-bot

tldr; Azura, a DeFi platform backed by the Winklevoss twins, has launched after securing $6.9 million in funding from investors like Volt Capital and Alliance DAO. The platform aims to simplify decentralized finance by aggregating crypto applications, allowing users to trade assets across multiple blockchains through a single interface. This initiative seeks to lower entry barriers for new investors while maintaining DeFi benefits such as self-custody and decentralization. The funding round included contributions from Initialized Capital and Winklevoss Capital. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MinimalGravitas

> Never even heard of this coin That's kinda wild. Maker is one of the original DeFi platforms. They produce the first and largest decentralized stablecoin (DAI) [ https://etherscan.io/token/0x6b175474e89094c44da98b954eedeac495271d0f ]. Their project has a Total Value Locked of about $6 billion [ https://defillama.com/protocol/maker#information ] (bigger than Uniswap) and their DAO controls a treasury of almost $300 million [ https://deepdao.io/organization/c41f87df-35a6-4a37-82c4-62cd5a3a8c08/organization_data/finance ].