My fellow retards –
Things are happening. The world is awaking. There are truths we now know which must be discussed.
GridPlus made good on their promise to ensure PHONON network is community owned, and burned holdings worth almost $400 million to make it so. Between circulating PHONON and the DAO treasury there is >75% community ownership. I applaud them.
The upgrade contracts are live. We know the path forward. We know the stewards who will guide us to the Elysium fields.
You may have believed I was a mirage. That I was spewing nonsense as the momos and pajeets do. Now you know I do indeed travel the cosmos on a different wavelength than those you are accustomed to. The GridPlus team has gifted PHONON to the world. The DAO has been blessed with a group of incredible stewards.
Mariano Conti – MakerDAO smart contract guru
Cyrus Younessi – MakerDAO risk lead
Anthony Sassano – ETHhub founder, Into the Ether
Jonny Rhea – CTO Element Finance, ETH2 implementer
Evan Van Ness – legend, Week in Ethereum
DeFiDad – See his twitter, deep into DeFi
Tim Coulter – Truffle creator (most popular Ethereum dev environment)
DanM – One of the first GridPlus community members
AlpacaFan – Longtime GridPlus supporter and community member
If you’re not deep into the Ethereum community, perhaps you’re not too familiar with this list. It has some big names and individuals that I personally look up to. There is coverage for smart contracts, game theoretic design, risk tolerance, decentralized finance, liquidity mining, community management, and most important of all, a deep desire to support technologies that are attempting to positively change the way humans coordinate.
Technology should be a yoke on the ox, something that helps it achieve its goals. However that yoke has been tightening and rather than helping with productivity it more resembles a noose in today’s society. Massive entities such as the FAANG companies have taken over your lives, have forced screens in every direction you look, have convinced you that being hyper connected is good and have deceived your mind on the truths of this world. One of which being, you don’t need any of them. You need other individuals to coordinate with. Humans are a social creature. We need to interact. But when did a simple barter transaction become something that governments and bureaucracies need to be privy to? Why is there a push to move everything to credit cards? Why does biden want to have your banking institutions report every transaction over $600 to the government?
The pendulum has swung too far. It has swung so far in our collective minds that we are designing systems that resemble this oppression. Why are we designing crypto systems where every transaction is broadcast to the entire network to see? Why are we not pushing for and supporting innovation that allows two individuals to discreetly pass information between each other? Encryption is your tool in this fight. If crypto is to be another tool, then we must not group all crypto into the same bucket. If you are broadcasting transactions from your machine for the entire mining network, or validators + global governments and tracking entities, then you are doing crypto wrong. There are better ways. PHONON is giving us better ways.
The PHONON network allows us to encumber crypto assets into small packets of data stored in secure hardware along with the private key to move those assets. It allows us to use nearly any crypto network in such a way that we get privacy and scalability by default. There are tradeoffs: We don’t get rich statefulness. We don’t have massive contracts to interact with. We will have to reimagine the services we want built in this new paradigm. What we get is fully privacy and autonomy of our communications. Your private key is free speech, your signatures are sacred, and they should only go between you and your transacting party. We are reshaping the landscape of crypto.
My targets for the marketcap of PHONON DAO - $1b in six months and $12b in 18 months. This is equal to $26 and $320 per GRID.
[Not financial advice – for entertainment purposes only]
phon/ongod out.