Respectfully disagree with your assessment of AWS. AWS , as a part of Amazon, is essentially an American company; subject to US jurisdiction. AWS is bound to follow the lawful orders of US; issued as directives of the US government and/or orders of a US court.
Well…yeah. What better way is there to get you to do people’s research for them? And what a great system it is. if you don’t want to learn about something, just call it a ‘scam’ and wait for everyone to prove you ‘wrong’ by giving you all the information you were ever looking for.
I find it very telling that projects with just a meme and a roadmap get a better pass than a project full of documentation and code to review. I find EMC to be an exciting project. Due to cheapening costs, it is pretty common for an IOT device to have computational power well in excess of what is required. Turning these excess cycles towards mining (as long as power$$ allows) would be awesome.
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Didn’t that project take 0 from the community fund though?
I find it sad that certain individuals have resorted to outright lying about EMC, like claiming it’s operating illegally in China. The goal seems to be to delay the SNS sale, presumably so they can have more time to accumulate. If this is the kind of crap that developers coming into the ecosystem have to face then I don’t expect we’ll have many more projects launching on ICP. Hope the parameters are configured properly and everything goes well this time with the SNS.
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Anyone that reads the entire post can see that EMC has already been shown to be a legitimate team and that they have worked closely with those of us who have engaged with them since this post began to solve any problems we have pointed out.
Off Topic: I do think what these actions point out is the difference between those of us who look toward the future development of the IC and those interested in safeguarding the Neuron fund for investment only.
This question has been replied to many times
- the amount of data that needs to be rollup to Layer1 for POC proofs from validation nodes to edge computing nodes in the EMC network is huge, and the tps is very high, reaching 6 million times/day sometime 1 month ago, with more than 4G of data (leading to a memory overflow in IC Canister, and an emergency assistance meeting involving @samuelburri and 7 others from the Dfinity Foundation,… THANKS), then EMC upgraded the algorithm and got all nodes updated within a week
- if we want to bring a lot of web2 crowd into EMC, it is better for users to start experiencing AI full on chain without wallet and payment of gas token, which makes the threshold too high.
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Statement by EMC Foundation for Proposal # Enable principal in SNS-W
We are very grateful to the community and the foundation for pointing out the mistakes and discrepancies in the mechanism design and parameter settings of our SNS proposal - as a result, we can now preemptively avoid any potential future troubles regarding the EMC DAO caused by any unfamiliarities with the SNS initialization. We appreciate these observations as support and assistance to the EMC project, and it enables the DAO to perform better in the future.
The issue of canisters not being reflected in the SNS root was due to an error we made during the setup, mistakenly transferring the controllers of these canisters to SNS governance, as can be seen in wdcek-2qaaa-aaaaq-aabaa-cai. We will ensure that such mistakes do not happen again in the future.
- As for the problem of four parameter setting inconsistencies between the Tokenomics Sheet and SNS Initialization Parameters, Tokenomics Sheet and Proposal Payload, and Tokenomics Sheet and Proposal Text, it was an oversight in our proposal modifications (more specifically version control between edits) that led to the discrepancies. We will be more meticulous to prevent this problem from recurring.
- The issue of 10% tokens not matching between the Tokenomics Sheet and proposal arose because the SNS tokens parameter options were limited to the treasury, team, and airdrops, but did not include an allocation for the foundation. As a result, we put a portion of the EMC foundation’s tokens under the airdrop category incorrectly. Learning from previous projects on the ICP, we will put the EMC foundation’s share of tokens under the treasury parameter.
We made several serious errors regarding the SNS process due to lack of knowledge regarding the SNS project and internal workflow issues; this will not happen again.
We have also taken in input from the community to simplify the tokenomics design to more clearly reflect the decentralization of voting power and compensation made to the early investors, participants and contributors of the EMC Testnet based on the DIP20 → ICRC-1 compensation proposal. As such, the following adjustments have been made:
- Compensation tokens have been allocated as an additional airdrop pool based on the 15m DIP20 tokens and the corresponding 52m ICRC-1 tokens needed (max. value, this is assuming EMC only hits the minimum target with the SNS). As a commitment to EMC community, the founding team decided to contribute an additional 5% from the founding team pool to the airdrop pool.
- The founding team’s share of tokens has changed from 15% to 10%. If a neuron has a “vesting period” it cannot be touched until the period is over (and that includes increasing the dissolve delay). This ensures that the founders cannot rug-pull investors and provides an ongoing incentive to make EMC successful. As these founder neurons all have a relatively short dissolve delay of 1 month which cannot be increased, this ensures a much-reduced voting power compared to the community so that governance is properly decentralized.
- We have learned from the HotorNot proposal regarding their foundation setup and allocated all of the EMC foundation’s tokens (15% of total tokens) to the treasury pool reserve. Factoring in all of this, the SNS DAO will control 73% of the total EMC token pool. Of this amount, 21% will be allocated to the non-profit EMC Foundation, which will develop and manage the EMC protocol and platform. From this 21%, 6% of total tokens are reserved for future investors to fund the project.
The EMC Foundation has been incorporated in Singapore. The tokens allocated to the Foundation would be earmarked for the following:
- Rewards for Global Partner Program of EMC foundation (~5%)
- Reserved for future investor and funding needs for the project (~6%)
- Reserved for future development activities (~10%)
This adds up to the 21% of the total EMC token pool held by the foundation.
Less than 33% of the total amount of tokens allocated to the Foundation will be staked for voting to allow the foundation to participate in the governance of the platform - these tokens will all come from the 10% reserved for future development activities.
We have been discussing and integrating feedback from both the community and the DFINITY foundation to improve and strengthen the foundations of the EMC DAO. Now, EMC is attempting to restart the SNS process, indicating that we need to re-initiate the creation process of the SNS from scratch. This involves submitting a first proposal, installing and initializing new SNS canisters, and then submitting the second proposal for the SNS swap.
With the assistance and feedback from the IC community and the DFINITY Foundation team, we have made the necessary changes to the SNS parameters to address the concerns raised by the community, and after a thorough internal review regarding our errors in the last proposal, we ensure that mistakes like these will not happen again in the future.
Vote Links:
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It’s great to see your response on the IC Forum. 
I have nearly 10 years of experience in Web2 + Web3. From altcoins to DeFi, NFTs, and the Metaverse, I’ve been constantly pondering what kind of Web3 applications (killer dapps) beyond financial use cases could achieve massive user adoption.
With the progress of the EMC project, I’ve come to believe that AI may be a prime domain to ignite Web3 traffic.
- AI has already demonstrated its rapid growth and monetization potential.
- AGI remains an untapped market, where a well-performing AI model could quickly amass a large user base. Currently, the EMC team has engaged with numerous AI developers involved in generating product images, storybooks, and digital avatar videos worldwide. Currently, these developers face several challenges:
- They are hindered by the high training costs (at least V100 GPUs)
- They struggle with the expensive inference costs incurred during user acquisition
- They are eager to share AI model values through AI Model NFTs to swiftly gain a global user base.
Moreover, we have been collaborated with leading global ETH and FIL miners who possess a surplus of idle GPUs (3060, 3080, 3090). These GPUs remain inactive at present, but they could be cost-effectively supplied to AI developers. In turn, miners could receive tokens and anticipate growth returns.
Therefore, I resonate strongly with your perspective. While we can’t allow Web3 to break the monopolize Web2 market, we should recognize the vast untapped potential of the AGI-driven new market. It’s a blank area waiting for team with strong belief, foresight and action to explore such like EMC 
May I ask “Yangzijiang” does indeed represent the Yangtze River? I’m living beside it. 
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Thanks, A negative vote is participation. We’ll take it all.
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WebGPU is a very important upcoming web technology. By default, graphical calculations in a browser window are handled by the processor; which cannot perform matrix calculations fast enough for 3d rendering. But now, we have standards (WebXR) and libraries (ThreeJS), which allow for The browser to offload graphical computations to devices which are better suited.
With WebGPU: an application can directly access the underlying graphics card, and get it to perform whatever computations it wants (i.e. mining). A properly decentralized application could generate some massive computing power.
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Anthony, this is gone too far. You shall not compare EMC to Multichain.
I am a Chinese American who used to live in Palo Alto and currently living in Shanghai. If you’re a startup founder or investor in Silicon Valley, what guarantee do you have that you will not end up being stabbed to death in the street of San Francisco? How would you answer to your fellow co-founders or portfolio founders then?
Of course, this is not meant to be a real question because it’s not fair to impose this burden of proof on you vs Bob Lee. Multicoin’s case has been covered and discussed extensively in the Chinese crypto circle, but discussing that is beyond the scope of this forum. I suggest we stay on course and discuss what’s relevant for IC and EMC. Nobody has the right to impose the burden of proof on anyone on this forum that is unrelated to their development in IC. You’re going down a dangerous path that is creating a very toxic environment for IC.
While we’re at it, SNS is actually the solution to a very prevalent industry-wide problem right now. That is, the founders always hold the private key or root access to the vault/product. Both the Multicoin case and the brutal murder in Bali, Indonesia demonstrated the risk of this tight coupling. When an IC project like EMC adopts SNS, the EMC DAO consisting of (eventually) ICP holders will take ownership of the EMC app and data (assuming the canisters are configured correctly, which is something a tech team needs to verify), so founders are de-coupled from the product and the risk that a product will be hijacked by coercive force will be reduced significantly. That’s the power of decentralization that SNS could potentially bring.
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Now this shows your true stand and involvement with this project. Good job sir.
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It’s really strange why you don’t look at the bigger picture outside and compete or collaborate with ecosystems like BTC, ETH or Cosmos. Instead, you’re focusing on criticizing projects and individuals aiming to bring more users or liquidity to ICP.
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Thank you, you might have represented ICP and made a mistaken vote.
Gold will always shine, and sometimes truth rests in the hands of a few.
Why was this flagged?
I don’t see what’s wrong with zire’s reply that it was flagged, Anthony made inappropriate assumptions about EMC that I didn’t bother to respond to in the first place, and zire’s reply was logical, so why wasn’t anthony’s post flagged? If the community is so double standard, then not only is the claimed decentralization meaningless, even basic fairness is a joke.
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I really can’t get mad at you 
, anyone can see that you are full of negativity and subjective assumptions about everything. I don’t know what your life is like, but there’s really no need for that, it’s going to hold you back from achieving success.
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Thank you for not getting mad at me. Anyone can see that you never get mad at anyone and are full of positivity. God bless
Doesn’t this show that EMC has full control of tokens and is not decentralized? How is airdrop being done and how can you ensure that is even fair? How do we know where that airdrop is even going. Who decides what lists of accounts get the tokens? I don’t think that should count toward decentralization. From here is shows that the network is not decentralized. Prove me wrong.
It just seems like we are repeating SNS-1.
Also staking time and amount is irrelevant. Tokens held is the source of truth. Outside that token holders can just change delay and then take over SNS.
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