A weekly roundup of interesting stuff in the fabulous and mysterious world of DAOs
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Welcome to (anon), the awkward but ineffably sexy and enigmatic new kid in the proverbial high school English Language & Lit class of Crypto Twitter’s delinquent and mostly illiterate newsletter ecosystem.
Behold! ANOTHER Agony (anon) feature in which I answer all of our readers’ most burning questions. And there are some real gems today!
Q: DAO governance layers marginal composability parallel phonemic execution EVM-based zero-knowledge rollup proofing “social protocols” disintermediation tri-state side-channel backlogging stakeholder validation off-chain rehypothecation. Thoughts?
- Colin, Beirut
A: Excellent question—can I get back to you?
Kevin Rose, the creator of wildly popular NFT collection Moonbirds—they are owls—royally poo’d off his followers earlier this month by unilaterally taking the project under the umbrella of the creative commons license. He then created a DAO for owl holders to manage the license. That allows any old cunt [ed. Today’s Anon writer is English.] to use any owl they see fit for whatever sick and infantile purpose, whether they own the owl or not, and holders—who spent thousands on owls—believe they’ve been fleeced and geesed! “Today Kevin Rose announced that they are rescinding my commercial rights to the Moonbird art I own and they’ve now decreed it cc0,” said one FUMING owl investor. “Is this even legal to do post sale? Cuz this surely isn’t ethical I feel bait n switched hard rn.”
https://twitter.com/KingBlackBored/status/1555364977179082753?s=20&t=eQ4_znZt5mTijt8BniBoyg
“I love your bird so much,” responded one hilarious commenter. “Can’t wait to put it on my side of my ice cream truck.”
Hear hear! (If I could be bothered to try and find the owl I’d use it as the ft’d pic in this newsletter.)
Anyway, it seems the move hasn’t really had so outsized an effect; for the last week, owls have been skyrocketing. So whatever. T’w’owl!
The membership of Defi lender Aave‘s DAO has encouraged Aave users to commit to the ETH merge. But what if they don’t!??
https://twitter.com/AaveAave/status/1559605496860000258?s=20&t=R7uM0XYXDk4EZF0kIIyFGA
“Tornado Cash DAO goes down without explanation following vote on treasury funds,” bleated one recent CoinTelegraph headline a couple of days ago. “Without explanation” is a little generous: Tornado Cash, a popular mixer running on the Ethereum network, was recently placed by the US DoJ on a list of sanctioned terrorist organizations and things are a little heated atm. Many Tornado Cash transactions were also blocked and last Friday a TornadoCash developer was arrested in the Netherlands.
Whether the DAO, which is based on Discord, self-downed or was taken down is unclear, and I’m too lazy to email Discord to ask. The DAO, whose treasury boasts $21m, went dark shortly after a vote broadening access to the multisig wallet. The sanctions on Tornado Cash are brutal: anybody even downloading the Tornado Cash software or an associated update now faces criminal charges and possible jail time. So it’s easy to see why the DAO would throw in the towel—or why the DoJ could justify taking it down. (Weirdly, though, other sites have since linked to Tornado Cash’s DAO, citing new activity—but when this “columnist” clicks on it there’s nothing but a void! Maybe the DAO has moved to a secure new location and I’m a massive, FBI-bootlicking dupe! Seems likely tbh.)
That’s all for today, folkx. Thanks for sailing with us on the sinking albeit gloomily beautiful whaling vessel of editorial integrity in crypto newsletter writing.
-TinySchmancer
Send your tips, whistle-blowing, and compliments to tinyschmancer@gmail.com or my Twitter
Welcome to (anon), the awkward but ineffably sexy and enigmatic new kid in the proverbial high school English Language & Lit class of Crypto Twitter’s delinquent and mostly illiterate newsletter ecosystem.
Behold! ANOTHER Agony (anon) feature in which I answer all of our readers’ most burning questions. And there are some real gems today!
Q: DAO governance layers marginal composability parallel phonemic execution EVM-based zero-knowledge rollup proofing “social protocols” disintermediation tri-state side-channel backlogging stakeholder validation off-chain rehypothecation. Thoughts?
- Colin, Beirut
A: Excellent question—can I get back to you?
Kevin Rose, the creator of wildly popular NFT collection Moonbirds—they are owls—royally poo’d off his followers earlier this month by unilaterally taking the project under the umbrella of the creative commons license. He then created a DAO for owl holders to manage the license. That allows any old cunt [ed. Today’s Anon writer is English.] to use any owl they see fit for whatever sick and infantile purpose, whether they own the owl or not, and holders—who spent thousands on owls—believe they’ve been fleeced and geesed! “Today Kevin Rose announced that they are rescinding my commercial rights to the Moonbird art I own and they’ve now decreed it cc0,” said one FUMING owl investor. “Is this even legal to do post sale? Cuz this surely isn’t ethical I feel bait n switched hard rn.”
https://twitter.com/KingBlackBored/status/1555364977179082753?s=20&t=eQ4_znZt5mTijt8BniBoyg
“I love your bird so much,” responded one hilarious commenter. “Can’t wait to put it on my side of my ice cream truck.”
Hear hear! (If I could be bothered to try and find the owl I’d use it as the ft’d pic in this newsletter.)
Anyway, it seems the move hasn’t really had so outsized an effect; for the last week, owls have been skyrocketing. So whatever. T’w’owl!
The membership of Defi lender Aave‘s DAO has encouraged Aave users to commit to the ETH merge. But what if they don’t!??
https://twitter.com/AaveAave/status/1559605496860000258?s=20&t=R7uM0XYXDk4EZF0kIIyFGA
“Tornado Cash DAO goes down without explanation following vote on treasury funds,” bleated one recent CoinTelegraph headline a couple of days ago. “Without explanation” is a little generous: Tornado Cash, a popular mixer running on the Ethereum network, was recently placed by the US DoJ on a list of sanctioned terrorist organizations and things are a little heated atm. Many Tornado Cash transactions were also blocked and last Friday a TornadoCash developer was arrested in the Netherlands.
Whether the DAO, which is based on Discord, self-downed or was taken down is unclear, and I’m too lazy to email Discord to ask. The DAO, whose treasury boasts $21m, went dark shortly after a vote broadening access to the multisig wallet. The sanctions on Tornado Cash are brutal: anybody even downloading the Tornado Cash software or an associated update now faces criminal charges and possible jail time. So it’s easy to see why the DAO would throw in the towel—or why the DoJ could justify taking it down. (Weirdly, though, other sites have since linked to Tornado Cash’s DAO, citing new activity—but when this “columnist” clicks on it there’s nothing but a void! Maybe the DAO has moved to a secure new location and I’m a massive, FBI-bootlicking dupe! Seems likely tbh.)
That’s all for today, folkx. Thanks for sailing with us on the sinking albeit gloomily beautiful whaling vessel of editorial integrity in crypto newsletter writing.
-TinySchmancer
Send your tips, whistle-blowing, and compliments to tinyschmancer@gmail.com or my Twitter
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