Bitcoiners have very strict definition of DAO. Decentralized (no single/few points of failure) and fully autonomous (not governed by a multisig quorum/MPC).
Bitcoin is a DAO governed by mathematics, enforced by energy. The lifeblood of civilization, money, predicated on the lifeblood and language of the universe - energy and mathematics.
Intellectually dishonest shitcoiners try to pass off "defi" multisig contracts as DAO, then play victim card (and shut down their totally decentralized project) when regulators call their bluff.
“Governments are good at cutting off the heads of centrally controlled networks.” – SN (2008)
Tapscript (BIP 342), a modification of the Script that was introduced as part of the Taproot soft fork to enable some new types of transactions leveraging Schnorr signatures. With Tapscript, you can structure "DAO" with desired quorum/voting and assign custom assets/rights to output
Wanna know why normies don't get #Bitcoin?
You can thank all the affinity scammers
Not sure about seed stage
It's straight up securities fraud
Overpromised, overmarketed, unsecure Bitcoin fork. Never built anything remotely resembling what they raised money for, tHe wOrLd cOmPuTeR
Multisig != DAO
But you can structure DAOs with Tapscript
"DAOs are supposed to be autonomous, which, at least to me, means humans do not control the decisions they make. Eth people have ruined the meaning of DAO and turned it into a smart contract where keyholders vote on how to spend some money."
You don't have a lightning address
Get one
That was taken moments before SBF pulled out and 100 mil cuck bucks slipped away from her
No single point of failure
Is Snapchat still a thing?
Welcome to rate-unlimited wall-less gardens 🧡
Set up a lightning address so we can start zapping you
I've seen the pattern with everyone from petty rugpulls, smart contract exploits to Ronin hacker, Do Kwon and the FTX "hacker"
Not sure if anyone has done a study, definitely a task for a talented journalist like yourself 😉
https://cointelegraph.com/news/ftx-funds-on-the-move-as-thief-converts-thousands-of-eth-into-bitcoin
You can fake Bitcoin if someone else holds your keys
Alt chains are compromised pretty much daily. North Korea loves how unsecure turing complete "defi" chains are. Due to this, they've even stopped targeting centralised exchanges.
“Finding security flaws in brittle DeFi “smart contracts” seems like shooting fish in a barrel.”
https://securityboulevard.com/2022/10/3-billion-defi-hacks-richixbw/
https://decrypt.co/86503/defi-users-lost-billion-theft-fraud-2021-mostly-ethereum-report
Yes, and then they circle it back to Bitcoin
Every single hacker hops multiple chains and consolidates everything to Bitcoin
Most just leave it sitting there for years. Those looking to cash out, go to monero before Bitcoin. If it's a very significant amount, shitcoins don't have liquidity to cash out. Stablecoins do but can be frozen, like tether did couple of weeks ago.
Nostrcheck compressed the first image
#Nostr = #Bitcoin
Mastodon = ethirium
“Shifting the balance of power back to the individual”
I'm sure you've read this from Hal Finney (1992)
“It's going to have to be a grass-roots activity, one in which individuals first learn of how much power they can have, and then demand it.”
Why not give all cashapp users lightning addresses?
Lnurl is quite convenient for withdrawals to external lightning wallets