Warning - Boom DAO Red Flag!

Governance
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22

Yeah from the little I’ve heard about the situation it definitely seems like things should have been handled better by the BOOM DAO team, whatever their intentions.

All I meant was that just because an SNS DAO might request the canister controlled neuron feature, that doesn’t as a general rule always mean there’s an intention to sell the neuron.

Outside of this situation and just in general, I would like to see more SNS DAOs expressing (and actually acting on) a desire to participate in NNS governance.

I only briefly met the BOOM DAO team once and they seemed nice, hoping they eventually do right by the ecosystem in this situation but I don’t have enough context to really comment on it. I’ve been wrapped up in a family emergency this week and been out of the loop.

23

Correct me if I’m wrong, but when the ICP is removed from the SNS treasury it goes into a wallet instead of a neuron. Hence, there is no need to sell a neuron if you never have to put ICP in a neuron.

Staking for 6 months earns half the rewards of staking for 8 years. At the returns we see today, than means a 6 month neuron is earning 8.8% annualized rewards.

24

Yea technically they haven’t done anything wrong with the SNS. They’ve had some questionable moments marketing-wise thought.

25

I was just referring to the content of the original post, which was inferring from the Whitepaper that the intention of requesting the canister controlled neuron was to make sure the neuron could be sold.

Yeah since they have the ICP they can do whatever they want with it now and the 8 year neuron thing is pretty much irrelevant unless they load it back into the DAO or something.

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26

Let’s give these SNS projects a fair chance to properly ruin (or raise) their protocols. If bad players act, the market will counter resulting in downward price (making a great oppurtunity for someone like @borovan to start draggin another chain).

27

Yes, I must have forgotten who the real victims are here

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28

I think your response has been measured and reasonable. I’m impressed.

29

@wpb and @icpmaximalist are exemplary individuals, deserving of a monument in their honor.

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30

Someone trolling here… this can’t be real. :joy:

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31

Anyone can express opinion on the situation and I think there’s currently no way how to distinguish who’s right or wrong.

Only progress of the project will reveal the true intentions.

32

You must be new here in crypto

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33

Going to share this as it’s more relevant in this thread than the last. I hope this is a realization moment for everyone participating in SNS DAOs.

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34

Basic tooling that took a few weeks to write.

I screwed up by thinking they couldn’t push a 51% vote through, apparently with the way the default follows were set they could, and that’s that.

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35

I’d pretty much agree with that. At least I was new and nobody said I’m not any more. And for sure I don’t wanna fall for a Dunning–Kruger syndrome, will rather stay new forever.

36

Thanks for sharing the link. There is actually some very interesting discussion in that thread.

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37

Just a reminder. SNS DAOs can hold ckBTC. If they are that scared the ICP price won’t hold, BTC won’t be moving too much, and selling ICP for BTC held by the DAO is a lesser evil than selling it for USD and holding it in another organization that doesn’t provide any transparency.

And any token on any chain using ECDSA actually - but a bit harder to do. Including Ethereum, Litecoin, Bitcoin Cash, Dash, Zcash, Tron, Ripple, Dogecoin

We can probably get the public key of a canister and generate addresses on other chains without having anything inside a canister. Maybe. there is such a tool already?
Then you can just have a function that signs messages with TECDSA (it doesn’t have to understand or build them) the messages will be built outside and included inside the proposal. Others can verify them.

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38

How many grants did you give them? Do you guys hangout after work too? Why are these guys constantly praised and shilled by Dfinity employees even AFTER the rug of DAO funds? Also what does any of that have to do with the issue at hand? Nothing.

39

LOL. I don’t work for DFINITY and I don’t give grants. My comments built on information provided by someone else, so yes it was relevant.

40

maybe a time will come when ai will reflect the communities desires and be the sns ceo. devs are rewarded to carry out the communities requests.

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60

Oh my goodness @catpirate = @Ivan = @ivan_uncensored = @Artemi5 = @Apollon

I’m not sure what I did or said that caused this aggressive behavior, but I sincerely apologize. I would prefer that this forum post remain as civilized as possible.

For anyone reading this chat history for the first time, the conversation in this part of the timeline seems a bit disjointed because our friend above spammed about 40 messages that have since been cleaned up by the moderators who are responsible for enforcement of the forum rules.

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