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The dev team from my understanding is 2-3 people while there are accounts labeled as “dev neurons” in infus data set that are just early contributors to the protocol.
I would hesitate to assume all infus dev neuron accounts are accurate in this 51% discussion.
Then every nICP holder has to assume that a shadowy cabal controls their vote. That’s the assumption you have to make.
That’s why we need a better solution to liquid staking.
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Is gold dao now a part of this shadow cabal?
BTW no one is forcing anyone to stake for nicp. Users have freedom to choose. Go create your staking solution already so you can stop the witch hunt against other devs and daos.
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This is big facts.
If you dont like WTN, or you feel like your vote doesnt count. The proper way to express that is to dump WTN and dump nICP.
The problem is you have to convince everyone else to do this too and both WTN and nICP are lucrative propositions (at the expense of everyone else.) value is not being created here, its being extracted.
Why would Gold DAO want to be part of your shadow cabal?
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You and I do not agree on the “at the expense of everyone else” part.
Other than that its free choice for users to either stake on the nns or with wtn. DYOR and make the best choice for yourself.
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They are needed for this 51% collusion you warn everyone about.
Where does the value come from then?
If have a normal commercial application with users who are receiving a service and making micropayments to subsidize their use, and this value is transferred to the owners, that service was a created value. The net effect on the network is icp is burned, benefitting all holders.
WTN is just a money printer, where users use a clever circumvention of icps fundamental architecture to retain their liquidity while their icp is gaining yield. The net effect on the network is inflation, more icp, harming all holders, disproportionately harming those that did not participate.
It was described to me yesterday as follows: With nIPC you are swapping your vote for additional rewards. Your are quite literally selling out.
You constantly ignore the fact that all nicp represent icp being staked and locked in a 6month neuron.
Nicp is essentially setting a follower relationship if you were staking in the nns.
If that is viewed as selling out then your perspective is correct.
Im not ignoring, thats the fundamental point of my argument, that liquidity SHOULD be locked.
People SHOULD have to BUY MORE icp instead of keeping their liquidity.
But it could be so much more. Why not make it so that people have their vote represented?
It looks like that you’ll find any reason not to give people their voting power, which is fine. We’ve got a competitor coming soon. It may not have the Coinbase connection but it’ll be better for everybody as a whole.
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They do have to buy more icp if they do anything to remove their ownership of that Nicp.
There is no money printer, there is no infinite money glitch. The icp stays in the neuron until unstaked. The liquid staking protocols address fundamental issues for liquidity in defi.
Adam, the team has openly stated they will be looking into and working on a solution to the one proposal youve made of granular voting.
The issue is you don’t want to wait and you do not trust the investors of wtn.
The cold hard facts of this is there will always be a majority and minority in voting. When it comes to voting in the nns there are always people who vote in the minority that at the end of the day their votes don’t matter because dfinity, and a few whales control all outcomes on there.
With wtn you don’t like the david fisher investor for whatever reason and are trying to spin up a narrative to give yourself a leg up when you spin up your shadow owned lsd. Everyone at wtn dao are hoping you can actually build competition so you can focus on building instead of witch hunts.
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Its not quite that simple.
The extra rewards nICP holders receive changes over time, and depends on the amount of ICP staker by nICP holders relative to the size of the WTN DAOs 8 year neuron.
Right now its a very attractive deal for nICP holders.
The more nICP holders there are, the worse the deal gets for each successive one. You could say its kind of shaped like a pyramid 
Eventually when there are enough nICP holders the rewards flowing to the dao from nICP holders will exceed the rewards flowing the opposite way. Meaning eventually the nICP holders will be paying the dao to vote for them, not the other way around!
But its still better than holding liquid icp… this is why its bad for the network.
I am looking forward to your point of view when adam introduces his liquid staking solution.
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Dont worry i wont change my mind
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