WASP

MaximumStudent1839

I don’t think it is moon farming. This “CZ is bad no matter what” take is also strong in MSM. You even have unrelated idiots, like Roubini, randomly coming out against CZ. It got more to do with the geopolitical BS going on than crypto really. Binance is a bane for the US sanction mafia. And CZ is a ethnically Chinese - his yellow skin rubs both the Democrats and MAGA Republicans the wrong way. Asians, especially Chinese, are disliked the affirmative action mafia in the Democrat party. They are the model minority and breaks their narrative of the American dream is dead for the non-WASP community. Also, they are hated by MAGA Republicans because Asians look funny to them.

suspicious_Jackfruit

WASP but with an M instead of a P

HGJustTheTip

Sure, but I think your extremely wealthy WASP families in the US willl be opposed to moving to Dubai for some reason.

anchorschmidt8

Lol, actually pedos (NAMBLA for instance) wanted Jackson to be a pedo so bad so that it would normalize their molestation. Look up [Victor Gutierrez and his history with MJ](https://twitter.com/WASP__127b/status/1085624155289149440). You're kind of sticking to your guns and discarding even what jurors after 3 months of investigation concluded... just sayin. Next thing you'll say is that they were pedos too.

beechmonkey

From a 60 year old WASP: Thanks for the well written explanation of something I had no idea was going on, even though I am a ETH bull from an investment and DEFI perspective. My opinion on the division: smoke it, yank it stick into any adult legally capable of wanting it. I dont care. This is about an asset and a technology out of the control of the government and without using the corrupt banking system of debt delays and fees. I invest for diversification and inflation hedge. # NO ROOM HERE FOR MORAL ISSUES OR WOKENESS!

Chimera_Ant

Its Liquidity farming. Not actual crop farming. Like uniswap and pancake swap. This is farming yield based on people using the AMM (automatic market maker) LPs. Plus the incentivised tokens on top, in this case Zoo and WASP. If you enjoy watching minute amounts of value tick over into your account then this will be your thing. Otherwise dont watch it and just harvest your rewards once a week and sell to your bank account or compound your earnings by adding more liquidity to the pools.

IntelligentCall6

My notes from Dom's Discord AMA on Assembly and more. WOW! First of all I have to say I was quite sceptical and to be honest confused when the annoucement came out and listened to the AMA in the hope to understand what was going on. I have to say wow. This is HUGE and could very well make IOTA! This update is fundamentally required to the system. To help others who are confused here are my notes. I have tried to structure them although the points weren't discussed in this order. I have sprinkled some of my own initial thoughts in. **Why Assembly?** Assembly is required to allow permissionless smart contracts. This cannot really be done on IOTA mainnet or Shimmer. Some people may not have realised this. So for those that ask the main difference between the IOTA mainet and Assembly is permissioned v permissionless smart contracts. In ISCP, if someone wants to set up a smart contract chain they have to define who the validators are etc. In Assembly, you do not. Anyone can be a validator. Taking it back to IOTA's true original vision that we signed up for. A decentralised, free, trustless network. Goverments (interesting that Dom specifically mentioned “Governments”) and companies can still set up permissioned chains on ISCP if they want to. So not all smart contracts will run through Assembly. However, all Defi projects will be on Assembly. Anyone can be a validator. Theoretically, people can run their own SC validator farms. Finally, a key reason for using a new token and not just IOTA is the network’s reward and punishment structure for validators. For it to be decentralised, you have to incentivise validators to support and secure the network. To do this the IF will have to mint new tokens to give as rewards and potentially to slash token benefits as a punishment to rogue/ bad validators. The IF realise the community will not accept lots of new IOTA being minted. Hence a new token is required. **Formation/ Structure of Assembly** More than a dozen venture capital and funders are involved and have pledged to invest in Assembly. These early investors will get 10% of Assembly tokens. They will be revealed soon. Although I see Hyperchain Capital on Twitter who also invested in Fantom are following Assembly and are tweeting about Assembly. Make of that what you will. The IF chose the early investors very carefully. They had to believe in the system and help with BUIDL philosphy (i.e support the devs and dapps). The VC and funders are bringing funds, devs and other dapps from other ecosystems. IF are are in talks with devs from other ecosystems and even more funders . But most of the dapps are likely to wait until mainnet to port over. This is likely exciting for funders as they can get in at ground zero. Devs get access to 40% of the tokens. Dom stated this will be one of the biggest Dev funds in the space. Current Devs won’t have to refactor their current work much and it will just be a reconfiguration change. Which should be minor. Dom was frank and stated that not having a premine for IOTA has held it back a lot compared to other cryptos that have millions of dollars to sponsor F1 etc. The IF have only worked with donations and sponsorship and grants so far. The IF has earned its trusted reputation this way. But the IF wants to make as big impact as possible. With Assembly they can do a lot more and it is needed.  I think they have approached this in a balanced way. **How Assembly will work** Assembly smart contract nodes will basically be WASP nodes (current smart contract nodes) with a few tweaks, so not much work do there for the IF. Assembly is to run on IOTA not Shimmer, but it may happen in the future. Assembly is 90% ISCP. So they are not reinventing the wheel with Assembly. This will save a lot of work and lead time. **Reception** IF has spoke with a lot of other major authorities in the space on this (Dom mentioned ETH community) a lot were really interested. Dom stated they wouldn't set up a separate network unless there was a real interest from partners and Devs on this. I think the new reward and punishment system for validators is key. The IF is already speaking with two stable coin providers to support Assembly. **How does Assembly give IOTA value?** Assembly will be IOTA’s main source of adoption in the cryptosphere(Dom repeated this several times). Think of it as a major new use case. Your IOTA token is your key to the new decentralised network. Further, you need IOTA tokens to be a validator on Assembly. Validator gets rewards. This gives MIOTA even more value on top of any corporate adoption. **Updates on Assembly Progress so far** There has been one bridge built so far. Assembly or Shimmer likely won't be released this year ("this year is almost over"). However, getting Shimmer and Assembly up and running is now IF's main focus. I think it will be Q1 2022.   "Assembly will probably launch on Chrysalis." You can already start building for Assembly now. IF providing support now. Will be ready for Assembly if it works on ISCP. **Tokenomics** Will provide more information on tokenomics next week.  **What sets Assembly apart** Permissionless smart contracts, with a free base layer. Amazing interoerability. It’s claim to fame will be flexibility. Anyone setting up can set a chain and define validation rules, fee and incentive structures. Validators can either accept or reject the request. This opens up the path for their to be 0 fee smart contracts. You may ask why would Validators agree to this? Well, validators can be incentivised by receiving a separate token. Dom gave the example of a dex . It has its own token which it gives to validators in exchanges for doing SC for free. Great new strategies for businesses. Tokens will be able to move freely and effortlessly between chains. Smart contract shards will be able to share resources. Miner Extractable Value is not an issue on Assembly unlike some other SC protocols. This is huge as we already have the solution that many large SC protocols are struggling with. **Other Points not related to Assembly** IF now have close to 200 people and still hiring a lot.  IF are still not slowing down their corporate adoption arm. This will still continue and is a key focus. Zebra and Trademark East Africa has expanded a lot in the last month. I am not too sure what this meant but sounded interesting.