Posted on

Work / Earn / Vote and Delegate for DAOs

Analytics

Motivation

Beeing on a transformation jobwise I think a lot about different work models and how this is going to change in the futur. The crypto space is not only about digital money, it's also a space who tries to shape how human wordwide will coorporate in a decentralized way together. Beeing a crypto native and looking for work in this area this research is about how to be part of this and how to aproch different DAOs and Projects to get compensated for my work.

Whats a DAO

DAO stands short for decentralized autonomous organization. The main idea is that this kind of organization are managed on a decentralized blockchain like Ethereum. Normally governance is made on-chain with some member tokens which are used to vote for or against proposals from members. To be a member some DAOs Tokens available on the market, some are non-transferable. Some DAO Tokens are money like and income from projects are bought by market price and then burnt, thus leading to a deflationary model. DAOs come in any kind and structure because this kind of organization are still evolving.

[1] https://en.wikipedia.org/wiki/Decentralized_autonomous_organization

History of DAOs

One of the first DAOs on Etheruem was The DAO (Đ) in 2016. The crowdfunding campaign did raise 11.5 Million ETH which had a value of $150 million back then. I did take part in the crowdfunding and invested some ETH from ethreums public sale. Not only did the code of The DAO get hacked and this event was reverted by a hardfork of the Etheruem chain, but also philosophy of this DAO was a failure because it has been to complex to start with this kind of organization.

[2] https://en.wikipedia.org/wiki/The_DAO_(organization)

Strategies to work for DAOs and earn some token/money.

Some well know DAOs

s are a new form of organizing poeple over

https://www.reddit.com/r/gnosisPM/comments/hfo7cy/new_gno_incentives_for_providing_liquidity_using/

https://explore.duneanalytics.com/public/dashboards/Iv4yqKZTLPjlzijOYqnmlqjMrKtaJ0ce9nXDFI2k

http://deepdao.world

Strategies to work for DAOs and earn some token/money.
Hands on.
aproach?
pricing
proposals
responsibilitys
quality control
eigener token?
UX Feedback
Framework for DAO Work?

Posted on

Iqfinex – a defunct shady crypto exchange

A shady crypto exchange called IQFINEX

This exchange is not working properly. Ownership is unclear. It did/does have MOD Token (modum) and this is the reason some trading of mod was happened here. Since an update the beginning of 2020 they enforce KYC without warning and even then it's not working. See this telegram group I did initiate: https://t.me/IQFINEXUserAssociation (Unofficial support group for a shady crypto exchange called IQFINEX)

Link: https://www.iqfinex.com/en/

Registerd here:

XTM Capital Ltd
ST. VINCENT AND THE GRENADINES
25478 BC 2019

Iqfinex Hot-Wallet:
https://etherscan.io/address/0xe180f895be1d35bb50c6861ca9473c25b0b73870

Old Iqfinex Hot-Wallet

https://etherscan.io/address/0x619a659b4e280691c66899cc8e35c34300acd454

Posted on

Why Bitcoin will never be 1 Million $

My thesis is that this will not be allowed by governments around the world and they will ban bitcoin for is huge electricity demand.

To generate new Bitcoin electricity is needed in a process called mining. In the time of writing 6.75 Bitcoin are produced by this process every 10 minutes.

We start this calculation with a Bitcoin price around 10'000$. To generate a new Bitcoin somebody is willing to invest in Hardware for 500$ and buys electricity for around 9'000$ to earn 500$ per bitcoin.

In May 2020 bitcoin mining uses around 60 TWh per year. [1] Yearly world consumption in electricity was 2017 21 372 TWh [2]. So bitcoin mining uses around 0.28% world electricity.

If bitcoin has a value of 1 Million, somebody will be willing to invest in 50'000 Hardware and buy 900'000$ for electricity to earn additional 50'000$ per bitcoin.

If Bitcoin price increases 100 times, energy consumption will also multiply by 100. So we end up bitcoin using 28% of the world's electricity for producing bitcoins.

There are even people out there they tell us BTC price will go up to 10 Millions. Then Bitcoin mining would use 280% of the worlds electricity!

Every bitcoin halving of the block reward will make also this calculation half, so they may be some hope left.

[1] https://digiconomist.net/bitcoin-energy-consumption
[2] https://www.iea.org/reports/electricity-information-2019 "2017 world total final electricity consumption reached 21 372 TWh"

Posted on

ratio

Abstract

The overuse of resources of the earth will lead to massive future disturbance for mankind. To solve this problem we need a fair and rational solution. Fair use means everyone can claim the same amount of resources, over users should pay the under users.

Die Übernutzung der Ressourcen der Erde wird in Zukunft zu massiven Turbulencen für die Menschheit führen.