Reddit Posts
Decentralized e-commerce by prosumerworks Inc.
Becoming a crypto Millionare, what steps should you take?
Dragginz (DKP — Formerly SNS-1) is easily one of the best low caps in crypto right now.
Dragginz (DKP — Formerly SNS-1) is easily one of the best low caps out there right now.
Upcoming Projects & Mainnet Launches
It’s DAO or Never - How ICP Will Change the Financial Landscape Through the SNS
Are there any AI cryptos that haven't 'mooned' yet?
NXDT Token & Nexus Derby Game Of NXD Project
EPNS Is Introducing SNS for Push Delivery Nodes — Quickest Way to Bootstrap Your Wallet, App, or Any Platform to Power Web3 Notifications, Chats & More
The ruling Liberal Democratic Party in Japan is issuing "Kishida Token" for its Youth Bureau in a first attempt at political representation using cryptocurrencies. They also plan on having a minister in charge for Web 3.0
The Global ‘BIZA DApp Development Contest is Live Now
The Global ‘BIZA DApp Development Contest is Live Now
(SNS) Sanctions | Huge Meme Potential | Presale Live NOW | Audited & Safe | Experienced Viral Team | Next 100x?
Mentions
why do you think that market cap means bitcoin won? I don't think market cap means it won, or that it's a game where somebody wins and everybody else loses. I'm honestly not sure where this idea came from. https://en.wikipedia.org/wiki/Exclusivism if I look at DNMs, something that people actually use and get utility out of, people avoid bitcoin and use monero instead. that doesn't mean monero "won" in the arena of DNMs. it means that the users "won," because they are using something that meets their needs. brave browser supports ENS and SNS out of the box, and bitcoin has failed to deliver an alternative DNS database. does that mean ethereum and solana "won" in the arena of alternative DNS? it doesn't. it means that people who need an alternative DNS won because they have something they can use. this whole "I win, you lose" mentality and the idea that anything bitcoin can't do doesn't matter is just circular reasoning. this is why you get compared with religious nutjobs. I don't know how you haven't figured it out yet, but a lot of people aren't just involved in cryptocurrency so they can sit on their coins and stare at the price ticker like it's their pet goldfish. I would be absolutely delighted with anything that gives me utility even if it doesn't go up in value. cryptocurrency doesn't exist solely to make people rich through speculation.
I did that with SNS yesterday.
Seems like my bear market tested strategy of taking profits each 30% pump is suicidal in the bull and has cost me a lot of profit on SNS and ARKM. Gonna bump that number to 50%.
True, however, since this e-commerce platform doesn't have on-site search content system, we currently believe that an escrow system is not necessary. So, how do we facilitate the buying and selling of content? We envision leveraging existing social networking sites (SNS) for this purpose. After creating content on our site, sellers would promote the URL of their content through their own accounts on platforms like X(Twitter). It's expected that followers who view this promotion would then proceed to purchase the content. Therefore, sellers with a large following on SNS can utilize their popularity to sell content, with their trusted followers being the likely buyers. On the other hand, sellers with fewer followers may struggle to attract buyers even with promotion efforts. Furthermore, introducing an escrow system would require providing refunds in cases where expected goods are not delivered. However, in the case of Bitcoin transactions, if I were to refund the full amount, I would need to cover the transaction fees. I'm concerned about not having sufficient funds for this. Would users be satisfied if we deduct the fees from the refunded amount? For these reasons, we have chosen not to implement an escrow system in our platform. We would appreciate any additional feedback or comments from you all.
Same as NarcissistSlayer, im up big as well, althought not as big, (200% Lol). Are you projecting your losses onto others? Or are you allowing others who slander ICP (and have no actual argument against it) to warp your perspective? I gave you the burden of proof and answered every question you had concerning the Internet Computer Protocol. The burden is on you now to provide legitimate reasoning for your disdain towards it. And I mean legitimate facts and arguments against what your dislike of The I.C.P is? I would like to hear them. All youve said is “vastly under delivered promises”- Which shows that you do not know whay you are saying. The ICP is constantly building new node machines, subnets hubs, building new canisters, integrating new chains and SNS tokens- and working behind the scenes with the likes of insanely big players- showcasing at events such as the World Economic Forum, and ever increasing its number of developers. The technology, project, and team behind it are for real. Can you name any other crypto project besides BTC / ETH that is unique and provides the use case to further the entirety of Blockchain technology? DFINITY has a completely different vision for Blockchain- that will bring about mass adoption over time and is the missing link for making the technology worldwide accessible. If you have truly done your research are are able to wrap your head around it (it took me quite a while and I once was in your boat) you will understand that your previous comment is incredibly uninformed. You do know how new this chain is in the grand scheme of things… The utility of the Internet Computer Protocol proceeds the hype, whereas the other chains' hypes precede their utility (or lack thereof…)
Bullish, dca for more than a year, average price around $5. Staked 70%, in rewards almost 100 icp a month. 20% invested in ecosystem projects. SNS launchpad one of the best in market. Also got some very valuable airdrops like $sns1 (dkp) & $motoko
Price of ICP was at about $5.50 when this ridiculous interaction occurred. Now it's $14.10 because the tech is getting exposure. Every single project in this space does one thing: transactions. That's it. You strip away AWS, Google, MS, akash, flux, holochain, chainlink, etc. and what's left for these chains? One thing: transactions. It's all they do. They don't do AI, or games, or chat apps, or anything. They can't. What's ICP do? Everything fully on-chain. 100% full stack development of all apps on-chain, and on it's own node network not relying on any cloud provider. True tamperproof software living on the blockchain itself. Just no comparison to it. It will be used widely and outside of just the crypto space. It's also the only actual autonomous software to ever exist because the entire protocol is a DAO - either changes pass and get executed by the protocol, or they don't. No one can change it. And the launchpad, the SNS, does the same for any application built on ICP if the dev wants to do it. Software in the hands of the community. It can act as it's own oracle network since it can call out to web2 APIs bypassing LINK for example, and it's the most secure, imo, interoperability platform using chain key technology and secured with threshold ECDSA. And a ton of other stuff. You missed a 3x to here and it's going way, way higher. You didn't do your research.
If you want to talk about ICP's capabilities then you start with building full stack on-chain applications. 100% on chain. No other chain can do this and if you knew that you'd understand why there's no comparison. You mention the most basic metrics like TPS in measuring and comparing the chains. We're way beyond TPS here - we're in the area of tamperproof fully on-chain applications that can be used outside of just the crypto sphere. You don't mention internet identity, the NNS being a DAO, the SNS launchpad to build truly autonomous software, the BTC/ETH chain key integrations and just how huge those will be for all ECDSA chains to have a ck twin, etc, etc. There is *no* comparison. You just don't know.
They won't get it until they missed out on life changing gains. They may get some decent returns on SNS projects like openchat but by then it will be in the single digit dollars to low double digit from the 38 cents it is now.
You don't know what the SNS does and how it works. All the DAOs you know of in this space are not even autonomous.
Not when using the Internet Computer's SNS - it's a fair launch system where you put your dApp up for decentralized control. Anyone can then buy in to receive the governance tokens that will be created when the sale is complete. Then the dApp's control is turned over to the SNS - **no one** can directly modify the dApp any more unless a passing governance vote occurs. The protocol is in complete control now. And the *entire* dApp lives on-chain including the web pages, code, data, storage. Want to change the font color on the home page? It must pass a vote, and anyone can propose votes. The entire Internet Computer runs this way as a DAO - any modifications to the protocol must be passed through governance. This is only possible on ICP.
If you're using a text editor for just writing code then putting it into a open source smart contract then no big deal. Apps built with this puts a single central authority completely in control - they could shut down the app, maliciously change the code, get hacked (they will), get shut down by their hosting providers, decided they don't feel like operating anymore, etc. Joget isn't saying you build decentralized anything with their software. Put the community in control, which is only possible with ICP's SNS, and you become actually decentralized. The protocol is in control where everything, front end, back end, data, code, lives entirely inside a tamperproof smart contract. There is no other way to actually decentralize apps unless it all goes on chain.
>Not if you turn it into a DAO through the SNS since then all changes to code has to be approved by the community. No company is doing this. It would be utterly insane.
> Algorithms are possible at the app layer on the protocol. That doesnt really answer my question. The question: *"is it possible to duplicate these popular social media features without centralization?"* Ive seen a few attempts at it, such as reputation networks, but I have not yet seen a working decentralized algortihm to impl SNS features > personally see Nostr has the foundation of web 5. hrm, lots of hate for that buzzword. Web3 is already kind of a bad joke, and here you are skipping over 4 into 5? LN over web is still just web2. heck, even web1 could take payments just fine. Really, we are still at web2 (or arguably web1v2 since its fundamentally the same, and there is nothing in web3+ worth even talking about much less incrementing a major version numeer for. If someone came up with a post-http form of decentalized apps that peform the type of social networking people are inured to now, I would be happy to call that web2. Or honestly, web 0, since that what the internet was like in the early days. We had usenet and email and irc and pretty much all of it was decentralized. HTTP has been like the enclosure era of the internet.
tldr; Web3 platforms are still successfully fundraising despite a decrease in VC funding. Projects built on the Internet Computer (ICP) have raised over $15 million through the ICP's community governance model. These platforms are utilizing decentralized autonomous organizations (DAOs) to involve regular users as shareholders, directors, and decision-makers. The Internet Computer blockchain acts as an alternative technology stack, replacing centralized IT controlled by "Big Tech." DAOs are breathing new life into Web3 projects and signify a shift towards user-centric decision-making. Startups like OpenChat, Hot or Not, and Kinic have raised millions of dollars through the ICP's community governance model. DAOs allow communities to fully manage decentralized apps (dApps) by proposing and voting on changes, increasing user engagement and participation. SNS-based DAOs offer benefits such as user ownership, governance, and the ability to shape the future of the service. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>Service Nervous System (SNS) is an advanced form of a DAO that can run any Web3 app, such as a social network, in a fully decentralised way and fully on-chain. The community can buy governance tokens to take ownership and control through the SNS DAO and shape the future of a decentralised app (dApp). The SNS framework allows communities to manage a dApp fully. Token holders propose and vote on all changes made to a dApp, including code updates.
tldr; Web3 platforms are still successfully fundraising despite a decrease in VC funding. Projects built on the Internet Computer (ICP) have raised over $15 million through the ICP's community governance model. These platforms are utilizing decentralized autonomous organizations (DAOs) to involve regular users as shareholders, directors, and decision-makers. The Internet Computer blockchain acts as an alternative technology stack, replacing centralized IT controlled by "Big Tech." DAOs are breathing new life into Web3 projects and signify a shift towards user-centric decision-making. Startups like OpenChat, Hot or Not, and Kinic have raised millions of dollars through the ICP's community governance model. DAOs allow communities to fully manage decentralized apps (dApps) by proposing and voting on changes, increasing user engagement and participation. SNS-based DAOs offer benefits such as user ownership, governance, and the ability to shape the future of the service. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>I want to deploy a truly decentralized erc20 token, meaning as a dev I’ll have zero ability to mint tokens or control the contract in any way once it’s live on main net. Then you'll have to do it on ICP when ETH integration goes live. The SNS there can truly decentralize smart contracts and put the IC protocol as the controller of them and the community votes on proposals executed by the protocol only. Bye.
On-chain chat assistant: [Elna](https://forum.dfinity.org/t/elna-build-your-own-ai-assistant-on-internet-computer/22048/1) A few more projects proposing to decentralize through the SNS. This is sort of a launchpad that splits up governance tokens to those who buy in to support the project, then the dApp control is handed to the SNS. Devs no longer in full control and all updates must pass a vote - truly autonomous protocol: On-chain twitter type clone with prediction markets: [Seers}(https://forum.dfinity.org/t/upcoming-seers-dao-sns-decentralization-sale/21658) Decentralized moderation for web3 apps built on ICP: [Modclub](https://forum.dfinity.org/t/upcoming-modclub-sns-decentralization-sale/21435) Bunch more projects going on.
They're already figured out: [SNS](https://support.dfinity.org/hc/en-us/articles/10899544349332-What-is-a-Service-Nervous-System-SNS-) Only truly autonomous DAO structure there is.
ICP's got some nice stuff tbf. They've got their own version of Telegram called Openchat. They have this new thing called Hot or not I think it's like a TikTok type deal. Their own version of 4chan called SeaChan I forgot the names but they have their own version of YouTube and Reddit There's a few more but I've forgot the names. The best thing I can think of is the creator of NeoPets has essentially taken over the SNS-1 eco system and renamed it Draginz might seriously take off
It's funny you say that. The creator of Neopets has essentially bought out SNS-1 ON ICP and called it Draginz
How close is this to being put up for the SNS vote?
I made a 4x on an icp alt SNS-1 and got in icp at 3.70. I'm very satisfied. The tech and eth integration will be taking over. Don't fomo in later. Stand 10 toes down on your views in the long run.
The most advanced DAO's in this area is the NNS and SNS on ICP. Truly decentralized and in the hands of the community since the dApp/canister is turned over to community control through decentralization sales. Then only the community can vote to pass proposals to upgrade the canister. [SNS](https://www.coinhustle.com/the-beginners-guide-to-the-network-nervous-system-nns/) on ICP. ICP itself is also entirely ran as a DAO. The only way to make any changes to the network is through voting - if it doesn't pass, then it doesn't get changed. And all passing proposals are truly autonomous and executed by the protocol. Nothing like this exists anywhere else.
Has anyone noticed the cryptic tweets that reference a certain group of meme tokens like PEPE, PEPE2, and others? They talk about some kind of connection to "F9" and a deployer and the SHIB developer, maybe a launchpad. It's like some kind of meme coin cabal. Some of the other related coins are ERUTA, CAW, TSUKA, and SNS. Maybe it's worth getting a bead on those launches.
Yeah you could build a full stack application on ICP and it doesn't even have to be related to crypto at all. The idea is putting it on-chain for the security and lower platform risk. It's an AWS competitor or growing to be. I listed some sites here in this [post](https://old.reddit.com/r/CryptoCurrency/comments/14mfu98/chain_abstraction_and_making_web3_more_like_web2/jq204aw/?context=3) that are up on ICP now - there's more but this is a good sample. If you created an account on OpenChat for example your wallet there could accept ICP, ckBTC, CHAT, Kinic, SNS1 tokens as tips. Those are some other projects' tokens - that list will expand to ckETH, ckDoge, etc. as they are integrated.
>Oyster serverless leverages the power and security of AWS Nitro Enclaves, Cloudflare workerd runtime, and cgroups to provide unparalleled isolation and protection for the executed code. I looked it up and it's using EC2's as well on AWS? Just put the entire website/app on-chain with the internet computer so it's a tamperproof smart contract and away from Big Tech. And use the SNS as a DAO since there's nothing like it.
Running websites as smart contracts guarantees the security of connections to them - the internet computer uses Internet Identity to create those connections. No user names, no passwords, no hacking. No backdoor into a system when it requires this kind of connection. No SQL database that can be downloaded to CSV and sold. This happens all the time. ETH is not providing any of this security on the web. The DAO controls the software/smart contract. They vote on the changes being implemented. The smart contract cannot be altered unless it goes through the DAO as a passing vote. This puts the application fully in the hands of it's users. ICP total canister state is 3.2 TB right now and growing. Subnets are their own blockchains for storing data and it's about $5 per year for GB on ingress. All of that does mean something. HTTPS outcalls to web2 APIs is a huge feature that lets you bypass oracles to bring off-chain data on-chain. The SNS is the only system of it's kind for converting your dApp to an actual DAO. DYOR still applies here. I cannot explain the entirety of the Internet Computer in posts here.
Let me break doen your own comment: > Serving web content from the chain wrapped entirely in a smart contract, writing and signing transactions directly to Bitcoin (and soon ETH), Why do you think websites need this? As it currently stands websites don’t need to be decentralized at all. There is no added benefit but I’d gladly hear your thoughts. I do think that ceratin PARTS of a website can be smart contracts. But this can already be covered by other blockchains such as Ethereum. > entirely ran as a DAO with truly autonomous software, What would be the function and/or tasks of the DAO in this case? Generally curious > storing GB of data on-chain, This wil incentivize centralization. You are also not looking at GB but TB or even more if you want ICP to do what it claims to be doing > HTTPS outcalls from the chain to web2 APIs, SNS launchpad for projects to convert to a DAO, etc, etc. You are deliberately confusing the reader here by not using readable grammer. All of this literally means nothing. If you don’t care to explain any of it, then don’t mention it. Id be happy to hear a more extended version from you.
This OpenChat from a high level perspective seems interesting (I don't know much about ICP chain though), in that I haven't heard of a DApp like this on ETH yet. What makes ICP different that this could be a fully decentralized user chat app? After further investigation, I will add on that in their \[architecture doc\]([https://oc.app/architecture](https://oc.app/architecture)), which is quite low level, it shows that all messages will go through AWS SNS, which is a great way to transmit messages since AWS is so reliable in a layer 2 solution... but in this case if it's supposed to be a defi app then: * who owns the AWS accounts * who is paying the costs of the AWS accounts * who decides which regions to support for low latency * how come there isn't a defi way to implement this? * why do they interchange SNS (Simple Notification Service) and SNS (Service Nervous System) when their app uses the former, seems confusing This makes me think that this app is still a little early and there is still quite a bit of decentralization pioneering that needs to happen first. Not saying this app won't do that, but all the talk about tokenomics makes me weary.
When you store data on chain and wrapped on smart contracts it's tamperproof - not subject to the hacking, data breaches, etc. that will always occur with web2 systems. No firewall needed to protect a website as a smart contract. All of this is built on ICP nodes in data centers and away from the cloud where centralized entities decide what they allow. It's entirely ran as a DAO without that platform risk. The SNS let's any dApp/website become a DAO - OpenChat for example is entirely 100% ran by the community and is truly autonomous software where updates are executed by the protocol itself. No central that does things like reddit is currently doing with the APIs. Also direct integration and threshold ECDSA allow for bridgeless integration with BTC - you can hold BTC on ICP canisters and write native BTC smart contracts. And with chain key cryptography you can write transactions directly to the Bitcoin mainnet. They're doing lots more than this - you should read up if curious. Thanks for a serious question.
Serving web content from the chain wrapped entirely in a smart contract, writing and signing transactions directly to Bitcoin (and soon ETH), entirely ran as a DAO with truly autonomous software, storing GB of data on-chain, HTTPS outcalls from the chain to web2 APIs, SNS launchpad for projects to convert to a DAO, etc, etc.
My thing is this is exactly how you make money though. Buying quality in the bear market. ICP and a couple ICP alts( SNS-1 , Openchat ,etc) will be making big returns next run. Im betting on SNS-1 to get wicked returns from the pump chasers from eth and bnb. ICP should be a top 10 off tech alone reallt top 5.The tech is too good. Fully On chain social media apps, fully on chain search engines , fully onchain dexs. Really the internet in general fully on chain with other L1s integrated with it. L2 for btc , eth , bnb( check out ic lighthouses twitter post regarding bringing bnb over). ICP will be the next defi hub. The integration is bridgless btw just wait for ARB or Matic bridges to get hacked they will flood ICP.
The ETH integration will make it the next defi hub imo. That's why I've been stacking 5000 ICP and 58 SNS-1. IcP will be in the top 10 after eth integration. It's alien tech.
Used to play EverQuest - wish I got something to keep from all the time I put in. The only way it works is with everything living on-chain. Open it up as a DAO meaning changes only go through after a passing vote - completely autonomous. You cannot change the game unless a governance vote passes. Several games are starting to be built like this and will share a token standard as well. Internet Computer's SNS systems will DAO any project that wants true decentralization. That's the only place this can be built.
Same I'm holding some SNS-1(it's an ICP Dao coin) also
Agree the terminology can be a bit confusing - canisters are smart contracts but a bit more since they can host full websites as a smart contract, data, storage, etc all on chain. Code is pushed to the nodes which are contained in subnets. Tough to describe it all in a post though. The SNS let’s any user created dApp become its own fully autonomous DAO as well.
The entire Internet Computer is a fully autonomous DAO now. Same system for projects that want that same autonomy through the SNS too.
The entire Internet Computer is a fully autonomous DAO now. Same system for projects that want that same autonomy through the SNS too.
The Internet Computer DAO is fully autonomous. No reliance on multisig. Every project/dApp that goes through the SNS on the IC is fully autonomous as well. No other platform in existence works like this.
There's a lot going on really - [chain key BTC](https://internetcomputer.org/docs/current/developer-docs/integrations/bitcoin/ckbtc) is live, working on direct integration with ETH, launches through the SNS have started to create a DAO for projects that go through it like [OpenChat](https://www.theblock.co/post/217854/openchat-to-transfer-control-to-community-after-5-5-million-decentralization-sale), HTTPs outcalls are live to pull in web2 data directly to the chain, NFTs of physical items starting. Info is all over so I guess the R&D videos are good to see what tech is being pushed out on their YT channel.
tldr; Today we're pleased to formally announce a new partnership with Bonfida, the creators of Solana Name Service (SNS), to enable native resolution of SNS names in the Brave browser and Wallet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It has support on Ledger. You can use the Ledger to create an Internet Identity on the NNS which is the identity used to connect to websites/dApps on the IC, and is also a wallet. You use the identity to participate in governance and if you want to you can contribute to launchpad projects that put themselves up for decentralization through the SNS system. Hot wallets: stoic, plug, Astrox ME.
Is this controlled by a protocol that autonomously executes based on the voting? This sounds a lot like Internet Computers [SNS](https://medium.com/dfinity/how-the-service-nervous-system-sns-will-bring-tokenized-governance-to-on-chain-dapps-b74fb8364a5c)
tldr; Nostr Tokyo event plan It turned out that a community event on the decentralized SNS protocol Nostr, "Nostr Unconference", will... *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
You do it entirely on-chain launching your project as a DAO to get funds - you launch it through the [SNS](https://medium.com/dfinity/how-the-service-nervous-system-sns-will-bring-tokenized-governance-to-on-chain-dapps-b74fb8364a5c) system on Internet Computer. No other system like this exists and it cuts down on rug pulls and fraud.
You should check out the SNS on Internet Computer. I know, I know - spare me. The SNS system involves taking existing dApps, that you can use and study before they even have tokens available, that the creators of open to the SNS to create a DAO to receive funding. So you can contribute to funding of the dApp and receive governance tokens in return, the creators don't get majority share, a treasury is created, and the dApp now is strictly under control of the DAO and all changes to the dApp must pass an on-chain governance vote with the tokens received from your contribution to the sale. An example is OpenChat that [recently](https://www.theblock.co/post/217854/openchat-to-transfer-control-to-community-after-5-5-million-decentralization-sale) became ran by a DAO.
Projects like OpenChat that decentralize through the SNS system on ICP are entirely separate investments than ICP itself. As much as it's hated Internet Computer is the only place you can put these projects 100% on-chain with decentralized community governance. No one controls OpenChat except the holders.
SNS and PAW here we goooo
It is possible to create a completely decentralized network by using the ICP blockchain and SNS collective management, and if needed, it is possible to upgrade or modify the code by people's vote.
The SNS on internet computer to buy into projects as they go decentralized.
It is still a thing. If you get out of the Reddit bubble you would see it. It's a top 5 in development for a reason. There are over 3000 developers in the ecosystem. Plus, 1k devs just graduated motoko bootcamp 2 weeks ago. A I have personally recruited a few for my own social dApps. There are a few projects launching at 30 million dollars valuation soon using the SNS DAO framework. Keep your eyes peeled on ETHDenver events coming up to see what I am talking about.
This is the first I've heard of these. SNS seems interesting, rewarding users for training AI. And for GINOA, using AI for NFT valuations seems interesting too. I didn't get past the landing page for HEART, awful web design.
DAO's need to be fully on-chain and governed by a protocol - no change can be pushed unless a vote is passed. The protocol will not allow it unless that happens. That's how the NNS works on the Internet Computer - it's a fully on-chain DAO governed by the Internet Computer Protocol. This model will be released for user created and developed projects as well - submit your project to the SNS, receive funding for it, and if it passes governance tokens are distributed and the creators do not receive the majority of tokens. SNS will be big and the place to go to avoid heavy VC involvement in projects. Community owned projects will actually be realized. TIA for the down arrows.
There is no on-chain governance yet except for ICP because the protocol ensures the changes. On-chain governance DAO's will work well here though because you contribute what you think the project can be worth, receive governance tokens if it is funded, the founders do not get a controlling share, and then all governance is controlled by the protocol and must be passed to be put into place. That's the SNS system that projects will be able to crowdfund through the community with on ICP.
DAO's should be ran fully on-chain by a protocol - code cannot be pushed to the project unless it passes the governance vote. It's the only way to ensure that the community controls the project. Let the community buy in to support the project and in return they get governance tokens - a true, non-VC funded, community backed project DAO can be built this way and all on-chain. Creators do not get a controlling stake. Only possible with the SNS on the Internet Computer - on-chain DAO's will emerge for 100% on chain projects. Down arrow away but you now this is big.
During 2023 the Internet Computer will keep climbing as one of the most developed platforms because you are building on 100% on chain. All data, web pages, code, and storage is on the chain and it serves web content autonomous software directly from the blockchain allowing real world use case projects for, in my opinion, the first time in this space. You are building off of big tech servers so you are not subject to their rules, the platform risk associated with them, and not at their mercy of shaking you out of all your money to run on their platforms. The internet computer will directly communicate with all ECDSA chains without going through any bridges or centralized pipes to create transactions directly on those chains to transfer coins. Native BTC can be held on the internet computer now where it can be used in smart contracts, DeFi, games, social media, and whatever else you can build. The SNS will be the place to go for developers because it allows you to essentially crowdfund your project in exchange for governance tokens - if you meet your goal the tokens are distributed and all proposals to your project must now pass governance to be implemented by the protocol. A true on-chain DAO and nothing exists like it now. I don't care about the NFT or the moons I won't get or the down arrows I'll be receiving - you should do your own research on the project and look past it's FTX price manipulation, and the funny memes about it, that took what should have been a $50 coin into the hundreds so it could be shorted all the way down to try and destroy it. It's still alive and it's just beginning. This project is what ETH was meant to be - a real world computer free from big tech and government censorship.
I don't know what they see anymore in this space - I've been through almost every project, buying, losing money, getting shafted in DeFi. None are offering real world use case that is built on top of blockchain other than ICP. Zero. Everything else is DeFi and NFT scams at the moment. That's not even going through the absurd amount of tech they are producing and the SNS that will come out and allow small projects to get funding in exchange for governance. The next twitter, reddit, git, tiktok, etc. could be being built and you have a chance to buy in through the SNS and it's on-chain governance. I honestly feel like I'm nuts sometimes that no one sees this.
This is where the Service Nervous System (SNS) comes in on Internet Computer. >A Service Nervous System, or SNS, enables a service to run under the control of a decentralized community, allowing the dapp or service to perform community-based fundraising and gain the censorship resistance needed for advanced tokenization. Service Nervous Systems are algorithmic Decentralized Autonomous Organizations (DAOs) that allow developers to create decentralized, token-based governance systems for their dapps, similar to the Network Nervous System (NNS) for the Internet Computer. Each dapp should have a separate SNS, which would provide open governance solutions without any developer experience necessary. For a dapp that has an assigned SNS, anyone can purchase SNS tokens and participate in SNS governance, allowing developers to tokenize the dapp and kickstart initial funding and adoption.
Suspect your post will get deleted. I'll try to respond anyway. Nearly all of your cost is for compute. Over half is for the one t2.2xlarge instance. Without knowing what the up time is on the instances, or what you're doing with them, thoughts off the top of my head: 1. You're paying on-demand rates. If your instances are up for more than 50% of the total hours, you're often better off going with reserved instances. You'll have to check for your case. The more you can pay up front, the better you'll do. See here: [https://aws.amazon.com/ec2/pricing/reserved-instances/](https://aws.amazon.com/ec2/pricing/reserved-instances/) 2. How busy is that t2.2xlarge, really? Do you need an instance that size (memory and CPU)? Sometimes you can do better by having multiple smaller instances. 3. Consider other instance types instead of the t2.2xlarge. If your load wants a lot of memory but not much CPU, consider an r series instance (an r3.xlarge has a similar amount of memory, half the CPU, and costs significantly less). If it's more balanced and not super-bursty in nature, consider an m series instance. There are lots of types (and more added all the time), so you'd have to look at the memory, network, and CPU needs and see what works best. 4. The answer to this is usually "doesn't work" but depending on what you're doing, you may be able to use spot instances. 5. Depending on the nature of what you're doing on the instances, you may be able to use managed services instead. E.g. Instead of having an instance that's hosting a web application, consider using Elastic Beanstalk instead. If your application can be containerized and does batch processing, or handles back-end API requests, consider using Lambda and Fargate. There are other options... Sometimes this can mean redesigning the application to use Lambda, SQS, SNS, etc. in order to get the full savings.
The Internet Computer is doing more dumb stuff creating something called the [Service Nervous System (SNS)]{https://medium.com/dfinity/how-the-service-nervous-system-sns-will-bring-tokenized-governance-to-on-chain-dapps-b74fb8364a5c). It's a tokenized on chain DAO where developers can create decentralized, tokenized governance systems for their dapps to receive funding. The dapp then becomes completely under the control of the community and it cannot be changed unless a vote is approved. The dapp quite literally cannot be altered unless the community passes the change - unreal. Total crazies at internet computer.
That's why there's the NNS - the Internet Computer is a DAO controlled project and Dfinity is losing control of it every day. The network cannot be changed unless the votes pass - it's coded that way. Code is law. It will work this way with the SNS too - create a project, offer it up to the SNS for people to contribute and be rewarded with governance tokens, and the community controls the project. It cannot be changed via updates unless the votes pass by the community. It's all controlled by the protocol. The SNS is going to be huge.
You have no idea what the SNS is. Later.
Should look into the SNS going to be released - the only DAO controlled fully by a community since nothing can be updated to the smart contract unless the community votes to apply it. Code is law in the SNS. Actually own parts of the project through the SNS. Nothing like it exists right now. Also the whole BTC direct integration, HTTPS outcalls, web content and storage from the chain, writing transactions to other chains mainnets.. those things too. Might be worth it.
I agree but as far as 2.0 goes I really like the updated terms of giving the foundation 4 Mil for now and then 9 more votes down the road to do it again each time if we choose to based on results. It's a yes for me there ...instead of the original "let us have 400M plz...P.S. it's from your staking rewards lol SNS"... As far as Jae goes, he was originally my favorite ATOM founder. I am not here to make a comment against his current behavior. I think there's something sadly serious happening there. But since around the time of the GNOland inception where he incentivized NO votes for an airdrop...I feel he's trying to sabotage the machine he created, not real sure why. But reading into his rants he mentions ex MI5 agents telling him to bring Ethan into the dev team for ATOM...IDK. His initial meltdowns we in sync with Kanye's so I assumed it was just an act... The fact the GNOland repository has a folder of just wild ass conspiracy stuff that Kanye etc keeps talking about too...I honestly think to quote my favorite rapper Tobe Nwigwe...I think Jae went Kanye, I hope he seeks help tbh.
I don't see how it's doing anything with hosting web apps and as ICP's boundary nodes go under NNS control early next year Dfinity cannot act as a central authority to remove canisters and their web content. Also more nodes are onboarding soon to handle chain key transactions for BTC integration and the SNS. Are those something Radix is doing too? Because it doesn't look like they are. I still don't see how any content is hosted from the Radix chain. Centralization is one big argument against ICP but it is progressively decentralizing. I don't think the across the board centralized argument works as well as it did at genesis, or with token governance since their power is at 22% down from 40%, with 53% of the staked coins bought by the community after genesis.
BTC $100k by the EOY Doge $1 by SNS with Elon Musk 1
In what way? They're literally letting you build decentralized sites on chain hosted by decentralized data centers worldwide. The SNS system will allow a DAO for any dApp that the developers want to open up to a DAO system. Almost every single other project is running on AWS and is centralized. ICP is it's entirely own decentralized hosting service anyone can build on without platform risk.
Correct. Saylor's idea bears some resemblance to Hashcash by Adam Back, which sought to apply a cost (leading to PoW) to email, such that individual emails would be cheap and negligible in cost but spam would be infeasible. However the idea is different in a few ways, which breaks it. 1. Email spam needs huge volume; SNS spam is much more targeted and organized, and so the signal:noise ratio is better on SNS compared to email 2. Hashcash applied to **all** email - no human bias to flag spam entered the equation. It is the simplest heuristic to say "well we can't know what is/isn't spam, but it's generally something sent to billions of people, so make that costly". Because of #1, that isn't the case with SNS spam/bots. Human bias must enter the equation for Saylor's proposal w.r.t. Twitter/other SNS, at some level. So you get a system that wouldn't be very costly for spammers, but **would** be costly for humans who were unfairly targeted **by** spammers. $20 is money, but is it worth hours/days of your time to defend a challenge of spam or inappropriate activity by a motivated bad actor? Look at the nonstop copyright flags on YouTube for obvious fair use content because the video is critical of the original author, or false flags for "abuse" because someone doesn't like the message. Now imagine $20 of yours was locked up unless you could spend precious time defending false claims. Raise that to $1000, a number that equates to (for most people) days of work pay, so now they are motivated to not just give up. But how many people can/would put in $1k? Twitter becomes a caste system. And then you realize it already **is** that, with the blue check mark system. And then you realize Lex asked that exact question to Saylor, and suggested that if you are a blue check mark, you just block non-blue sneetches from communicating with you. Problem solved, nobody wastes a dime.
So I did a little digging, according to [this article](https://www.looper.com/383714/everything-the-social-network-got-wrong-about-the-true-story/) it seems like he did get expelled from Harvard for the "facemash" student hotness comparison/ranking website and he did also write a negative blog post about a woman, but he was already dating his present day wife at the supposed time the events of the film began. So maybe not exactly how the film portrayed it, but also hard to say what his driving motivations really were given that he insists he made Facebook to "help connect the world". I guess that could be possible, but then again he also famously admitted to the following chat exchange just after he launched Facebook: > Zuck: Yeah so if you ever need info about anyone at Harvard > Zuck: Just ask. > Zuck: I have over 4,000 emails, pictures, addresses, SNS > [Redacted Friend’s Name]: What? How’d you manage that one? > Zuck: People just submitted it. > Zuck: I don’t know why. > Zuck: They “trust me” > Zuck: Dumb fucks.
Yeah it’s in the very early stages. Once the SNS update comes to icp, dscvr plans to fully decentralize everything.
In this age of misinformation rampant on Twitter and other various SNS, yes.
One was manipulated by FTX 9 hours before its launch, tripling its value within hours, and the other had a normal launch. So there is nothing crazy about it if you take that into account. Also, very little ICP was actually traded at those insanely inflated prices as the price dived from the 300 range right after due to massive selling pressure, as expected. Needless to say, I am an ICP fan and love the technology. Unlike DOT it has dAPPs you can already use without even buying the token. It also doesn't rely on AWS or other corporate cloud servers to run its Blockchain, making it and BTC the only sovereign protocols in Crypto, the only one capable of running full stacks on-chain with performance close to a traditional database. For those with an open mind, check out DSCVR, Distrikt, Openchat, entrepot. Even Uniswap and OSMOSIS front ends are running fully on-chain on ICP. Direct integration with BTC is coming to this quarter and ETH layer this year. That means you can store, send, or received those coins natively without a bridge on the protocol. From there you will be able to use them in DeFi in their native forms or you can opt to use wrapped versions so they inherit ICP speed and low fees. Another unique feature of ICP is the service nervous system (SNS) which gives all smart contracts/dAPPs DAO capabilities, which means community can truly own and control a DeFi projects using the embedded on-chain governance. Anyways, I try to move beyond price movements and pure speculation and focus on unique projects that are building and have products to show before I jump in. Also, I like to see a solid 10-20 year roadmap and plans to decentralize as much as possible. For these reasons, I only invest in 3 projects. BTC, ETH, and ICP ( started this January). I am probably going to get down voted to death for painting in a positive light, despite the abysmal price performance. But it's alright. Still love y'all.