I hope for all of our sakes, that these things are just individuals finding ways to benefit from the situation, and not a coordinated plan. Because if it is cooordinated we might be in trouble.
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Casual WTN holders aren’t gonna profit from ICP rewards with prices falling like a brick, it’s just a bait.
Yeah, I guess I think in ICP terms not dollars
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Maybe it is. I only saw Adam’s words.
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You cannot know how much the skin will cost and who has contributed how much of their money to the DAO. I am more than confident that the user rewards will not be limited to just one thing. It is in the interests of the DAO to attract new people, which means that it will try to reward everyone significantly.
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There are dissenters in any vote. Everyone has their own opinion. The majority decides. If a person does not like the direction in which the DAO is moving, he has the right to leave. It seems to me that you are creating a problem out of the blue and exaggerating the negative consequences. You are now trying to think for people, even though they themselves are able to assess the risks and prospects. There are no only winning decisions. Someone always gets less, because the resource is not unlimited. The people who control the DAO take care of the DAO, and therefore of the people inside it. Most people risk insignificant amounts, which can be compensated and increased by the economics and mechanics of the DAO. All in all, I can tell you one thing. You’re trying to create guarantees where they can’t be. No one guarantees the success of the project and investments. Every time people participate in the DAO, they consciously take risks, realizing what the consequences may be.
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You make many good points here I want to clarify something. Because I can see how my previous arguments may have led you to think what you said.
I am not concerned about the other DAO participants. Or the nICP holders, they can leave whenever they want.
My concern is that those 3 individuals will hold potentially 10% of the VP in the nns. and it won’t even be their skin.
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Yeah mic drop.
All nICP voting power / WTN neurons are controlled by three people. What are the chances they’re going to vote the same way?
Frankly i don’t see what the problem given the NNS can limit VP of WaterNeuron once it passess a certain threshold. Say 10-15%? This way they would never get enough VP for a 51% attack. DFINITY has more than that. Why shouldn’t another organization be able to?
Do you have proof that these people want to harm the network? If not, then you just don’t want people with money to take advantage of the natural mechanics of the network, which was created just for those who want to be a part of it…
None of my arguments are predicated on malicious intent of those 3 individuals.
They need only vote in their own best interest which is likely in the future to align with their profit and retention or growth of power, rather than what’s healthy for the network.
@borovan is the one making those claims, im trying to find a middle ground.
Why do you mean? Don’t they have to have WTN which is essentially worth money?
sorry I don’t know which of my posts you are adressing. could you clarify?
David Fisher, Tom Serres, these names mean anything to you? Do they have skin in the game? Because the blockchain shows me that they have 6 million ICP sitting idle.
This is an assumption that is not based on facts. And in general, when it comes to profits… The more successful the network is, the more their profits. So they will be interested in ICP’s success. And I don’t think they see ICP as a competitor to their network. The projects have different status and different purpose.
@enom
This is completely fair.
I just don’t see what is the downside of mitigating the risk? I’m not saying to destroy the project, just reduce the influence it potentially has outside of the dao.
If the DAO can influence the NNS than the NNS ought to be able to influence the DAO. dont you think?
The point is the NNS can do so if it so wants to at any time. So yes it’s in the room with us right now.
I don’t know that they are governance attack. I cast my vote as part of the group independently and no one has ever told me how to vote. How can there be an attack when each voting member can vote however they want?
Given me away, how?
I think at this point the NNS has the right to fully delete WTN and then return ICP back to users. I am a bit extreme here, maybe just nerfing this whole madness will do it so we can sleep better.
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im trying to find middle ground with these guys! I don’t think they are going to agree to that solution!
This is true.
Your stance is no liquid staking at all though so it’s not one is bad other is good and you’re consistent in your stance which I respect and appreciate.