NNS controls the cycle exchange rate, NNS controls the node machine, NNS can modify the token economy at will, NNS can change your private key, and NNS can delete the canister. Actually NNS controls everything about ICP.
- DFINITY has neurons that account for 22% of the total stake
- The maximum participation rate for motion proposals is 45%
- For proposals other than motion types, DFINITY holds more than 90% of the voting weight
Actually DFINITY completely controls NNS
DFINITY does this just to look a little decentralized. As I said earlier, in fact, DFINITY currently completely controls the ICP. As long as DFINITY wants, he can freeze your account at any time.The promise of a truly decentralized system that I need instead of a centralized institution
It looks like my conclusion in proposal #53013 is correct, oligarchs are inherently exclusive and they don’t want more people to learn how to initiate proposals. Oh, and it’s also possible that they don’t dare to vote on proposals that criticize DFINITY" yes", after all DFINITY is the real controller.
If the ICP really restructured most of the world’s internet services, the NNS would be the world government, but at the moment this government seems to be more centralized than the North Korean government. I don’t seem to see any plans for an NNS system on DFINITY’s roadmap.
If NNS can’t change the status quo as soon as possible, what can ICP do to reconstruct most of the Internet services in the world? If NNS can’t change the status quo as soon as possible, what is the difference between 100% running on the chain and 100% running on AWS? How can you build a decentralized application on a blockchain controlled by a centralized oligarch?
What’s the point of integrating ICP with BTC? Threshold ECDSA signature looks very secure, but in fact it is indistinguishable from “WBTC secured by DFINITY”.
Bad NNS frontend
Proposal Initiation Process Against Humanity
The NNS that fully controls the ICP doesn’t even appear in DFINITY’s roadmap and long-term R&D proposals, it looks like DFINITY thinks the current NNS works well.
- The NNS front end is extremely slow
- The UI is ugly
- The NNS front end has various errors in the layout of the proposal, and it is completely unsuitable for reading the proposal
- If you are using the NNS frontend to read this proposal you will not be able to open this link
- So far, the front end of NNS still cannot re-invest automatically. I don’t know for whom the “deployed” that DFINITY said is deployed for.
- There is no one-click copy button for principal id
- No one-click copy button for neurons id
- There is no one-click copy button for canister id