Mastache

[Dan Gambardello @dangambardello]

The ultimate challenge for $DOG army!

If this post gets 5,000 likes, 2,000 reposts, and 1,000 comments, and if @coinbase comments on this post, I will give someone in the comments 1,000,000 $DOG

[⛏️Dr. Navjit Dhaliwal @NaVi_GaT0R]

Charles, when every critic becomes a villain, the pattern is not everyone else. The pattern is you.

You just listed Optim, Iagon, Cardano Whale, Dave, Rick, Adam and others like this is an "inventory." It is not an inventory. It is a list of people in this ecosystem who have questioned you, disagreed with you, did something you didn't like, challenged IOG, challenged a narrative or refused to act like Cardano governance exists only to ratify what you want.

And instead of reflecting on why so many serious people keep ending up on the other side of your megaphone, you reach for the same playbook every time

- Dismiss the substance.
- Attack the person.
- Recast yourself as the victim.
- Then tell everyone else to "grow up."

So let's take the Iagon part of your "inventory," since you brought us into it. You say Iagon "started bullying and harassing" Midnight ambassadors. That is a convenient story, but it is not what happened.

I as a dRep asked a governance question, NOT Iagon.
A dRep asked whether people with roles connected to Midnight or IOG linked interests, who also held meaningful dRep voting power, should abstain on IOG related treasury proposals. That is governance.

That is literally what dReps are supposed to do - ask hard questions, examine conflicts, protect treasury neutrality and represent the $ADA holders who delegated voting power to them. If a person is participating in governance with delegated $ADA while also holding a role connected to a project or organization affected by that vote, asking about conflicts is not an attack. It is accountability.

And let's be very clear - ambassadors are not above scrutiny. dReps are not above scrutiny. Iagon is not above scrutiny. IOG is not above scrutiny. Midnight is not above scrutiny. You are not above scrutiny.

This is supposed to be decentralized governance, not a court where certain people get protected status because they are useful to Charles Hoskinson.

The moment a person participates in public governance with public voting power, the public is allowed to ask public questions. You did not answer the conflict question. You reframed it as "bullying" - ironically this is exactly what you have been doing in this ecosystem.

Then you escalated it into an attack on Iagon, my leadership and the holders.

You used your platform to tell the market you had "no more time" for the project unless leadership changed. You warned that Iagon could fail and destroy value for token holders. You called into question the ethics and integrity my leadership. You accused us of acting out of spite rather than engaging with the actual governance concern.

And then, after the damage was done, you turned around and said people are "playing the victim." That is not leadership. That is deflection.

You cannot threaten a Cardano native project, watch real holders suffer, then accuse the people objecting to the threat of being childish.

You cannot say you care about token holders while dismissing "your token holders" when those holders happen to be in a project that challenged you.

There are no "Iagon holders" over there and "Cardano holders" over here. $IAG holders are $ADA holders.

They are stake pool operators.
They are voters.
They are dReps.
They are builders.
They are community members.
They are families.
They are the same ecosystem you claim to defend.

When you attack a Cardano project, you are not attacking some foreign body. You are attacking people inside Cardano. That is the part you keep avoiding.

You talk about ambassadors being bullied. Fine. I will say this clearly - I do not condone harassment of any ambassador, volunteer, dRep, builder, SPO or community member. Anyone who crosses into personal abuse should stop.

But do not use "protecting ambassadors" as a shield to make governance questions untouchable. Do not use volunteers as human armor around treasury proposals.
Do not say "decentralized governance" when the rule is really - vote,but do not question my side - ask question but not about my people - participate but only if you accept the consequences of my platform turning on you.

That is not governance.

That is intimidation. And since we are talking about red lines, where were those red lines when Iagon was being called a scam? Where were those red lines when IOG aligned voices and consultants were smearing Iagon publicly?

Where were those red lines when defamatory claims, racial slurs and personal attacks were being thrown at builders who have spent years building on Cardano?

Where was the concern for "bullying" then?

The standard cannot be:

When your side attacks, it is criticism.
When others ask questions, it is harassment.
When you escalate, it is leadership.
When people respond, they are victims.
When you use a 1M+ follower account, it is accountability.
When a dRep asks about conflicts, it is a mob.

That double standard is exactly why people are speaking up. You say people "lash out, get hit hard and then play the victim."

No.

People ask legitimate questions. You hit hard. Then you call their injuries proof that they were wrong to ask. That is the pattern.

A dRep raises a conflict of interest concern. You call it bullying. A project CEO disagrees with IOG proposals.
You call it spite. A community member challenges your narrative. You diagnose them, mock them, block them or write them off. Then, when people notice the pattern, you call them children.

Charles, the lack of self-reflection here is breathtaking.

At some point, when the same story keeps happening with different people, different projects, different dReps, different critics,and different cycles, maybe the common denominator is not that everyone else is irrational.

Maybe the common denominator is that you treat disagreement as disloyalty.

Maybe the common denominator is that you confuse criticism with attack.

Maybe the common denominator is that you cannot separate Cardano from yourself. That is dangerous in a decentralized ecosystem. Because Cardano does not belong to you.

It does not belong to IOG.
It does not belong to Iagon.
It does not belong to Midnight.
It does not belong to any ambassador group, any DRep bloc, any founder, any company or any whale.

It belongs to the $ADA holders and the people building, maintaining, securing, voting, delegating, questioning and participating in it.

And if those people cannot ask whether conflicts exist without being threatened, mocked, financially harmed or publicly targeted, then governance is not free.

You said "grow up kids." Here is the adult version:

Answer the question. Should dReps with roles, incentives, payments, affiliations or obligations connected to an organization seeking treasury funds disclose those overlaps and consider abstaining?
Yes or no?

That was the issue.

Not your ego.
Not my tone.
Not Iagon’s existence.
Not whether Midnight ambassadors are good people.
Not whether Charles feels attacked.
Not whether people should be afraid to ask next time.

The question was about conflict, disclosure and treasury integrity. If there is no conflict, explain why.
If there is a conflict, disclose it. If abstention is not necessary, make the case. If the Constitution already provides the standard, apply it equally. But do not turn a governance question into a loyalty test.

Do not demand apologies for asking what every serious governance system must be willing to ask.

Do not pretend you are defending decentralization while using centralized influence to punish dissent.

And do not tell people to "grow up" while threatening to burn projects down.

The Cardano community should be able to disagree without fear. dReps should be able to vote NO without being branded enemies. Builders should be able to compete without being targeted. Token holders should not become collateral damage in personality conflicts.

Ambassadors should be respected, yes. But they should not be used to make legitimate governance scrutiny off limits.

So yes, let's take inventory.

Who asked a governance question?
Who answered with escalation?
Who raised a possible conflict?
Who turned it into a campaign against a project?
Who claims to care about token holders?
Who publicly attacked leadership of a project whose holders are also Cardano community members?
Who says others play the victim?
Who keeps casting himself as the victim whenever accountability arrives?

That is the pattern people are seeing. And no amount of "grow up kids" changes it.

Iagon will continue building. I will continue voting my conscience as a dRep. I will continue asking questions when treasury neutrality, conflicts of interest and governance integrity are at stake.

If I am wrong, answer with facts. If you disagree, make the argument. But threats, mockery, blocks and public intimidation are not arguments. They are the behavior of someone who wants decentralized governance only until it decentralizes power away from him.

Cardano deserves better than that.

[Mastache @CBS_PrimeCuts]

@DerekFoltz1 @IagonOfficial 😂 good one!!

[Kraken @krakenfx]

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[Mastache @CBS_PrimeCuts]

@BobbyO_ 😂😂😂

[Mastache @CBS_PrimeCuts]

@NaVi_GaT0R @HolgerCardano24 ❤️

[Dr. Cuadrado, PharmD @CuadradoDeFi]

Charles Hoskinson, I’m going to say this directly.

From your $ADA mountain, it might feel like you can say whatever you want, whenever you want, without consequences. But deep down, you know something most people won’t tell you: you need us just as much as we need the ecosystem.

First and clear, I’m NOT part of the @IagonOfficial team. But watching this situation doesn’t inspire respect… it raises concern. Because while some of us are building, educating, and bringing real value into the ecosystem, you’re firing inward. And in any industry, that’s a dangerous signal.

Think about what it takes for a team to migrate from Ethereum to Cardano. Time. Capital. Risk. Conviction. They bet on this network. They bet on your vision. And what do they get in return? Public attacks from the very figure representing the project.

That doesn’t destroy Iagon. It erodes trust in leadership.

This is DeFi. No one is untouchable. Not even you.

We’re in the Voltaire era now. Decentralized governance. Distributed power. A community with a voice. And if markets have proven anything over time, it’s this: capital has no loyalty—only incentives.

If tomorrow the builders, the investors, and the liquidity drivers decide to look elsewhere… the impact won’t be symbolic. It will be real. Measurable. And yes, it will reach your net worth too.

Because at the end of the day, I haven’t seen any other blockchain founder publicly go after the very developers trying to grow their own ecosystem.

And there’s still time to correct course.

[Mastache @CBS_PrimeCuts]

@IOHK_Charles what the fuck charles. you are so deeply wrong on this

[Mastache @CBS_PrimeCuts]

@phil_uplc @NaVi_GaT0R @ILikeCardano whats this. its so badly unprofessional

[Mastache @CBS_PrimeCuts]

@Yabba900 straight to point, i bought and will buy more

[Dan Gambardello @dangambardello]

If I could imagine the dream altcoin for the cycle, it would be on Bitcoin, and it would be the #1 coin on Bitcoin besides BTC itself

It would be decentralized and fairly distributed like BTC

It would be secure like BTC

It would consist of a community that out-engages most altcoin communities on X

It would not have gone through a bull market yet

It’s $DOG 🧐

[Leonidas 🧡 $DOG @LeonidasNFT]

AS WE APPROACH $DOG'S TWO YEAR ANNIVERSARY I WANT TO SHARE THE STORY BEHIND THE MOST FAIRLY DISTRIBUTED MEMECOIN IN HISTORY 🧵

IT IS VERY NATURAL TO HAVE SKEPTICISM WHEN YOU HEAR ABOUT A “FREE AND FAIR” MEMECOIN LIKE $DOG GIVEN THE RAMPANT FRAUD AND SCAMMING IN CRYPTO SO I ENCOURAGE EVERYONE NOT TO TRUST BUT TO VERIFY WHAT I AM ABOUT TO SAY

$DOG WAS BORN OUT OF A DREAM THAT BITCOIN COULD LEARN FROM THE SHORTCOMINGS OF OTHER ECOSYSTEMS AND HAVE A CULTURE THAT ACCRUED VALUE FAIRLY AND TRANSPARENTLY TO THE PEOPLE WHO DESERVE IT THE MOST RATHER THAN LINING THE POCKETS OF KOLS, VCS, CEXS, MARKET MAKERS, THE TEAM, AND OTHER INSIDERS WHO LIE TO YOUR FACE

TO ACHIEVE THIS VISION AND TO GET $DOG TO WHERE IT IS TODAY THOUSANDS OF PEOPLE HAD TO COME TOGETHER TO DONATE THEIR TIME AND CAPITAL

100% OF THE $DOG SUPPLY WAS AIRDROPPED FOR FREE WITH NO TEAM ALLOCATION AND WE REFUSE TO PARTICIPATE IN THE CORRUPT PRACTICES OF PAYING CEX LISTINGS FEES, DOING PAID PROMOTIONS, OR HIRING MARKET MAKERS SO THE ONLY WAY TO SUCCEED WAS TO RAISE AN ARMY

THIS STORY STARTS IN EARLY 2024 WITH THE RUNESTONE ORDINALS NFT COLLECTION

100% OF THE SUPPLY OF RUNESTONES WAS AIRDROPPED FOR FREE TO 112,383 EARLY ORDINALS SUPPORTERS (ONE PER ADDRESS)

THEN SEVERAL MONTHS LATER 100% OF THE SUPPLY OF $DOG WAS AIRDROPPED FOR FREE TO RUNESTONE HOLDERS (889,806 $DOG TOKENS PER RUNESTONE HELD)

TO ENSURE THE FAIRNESS OF THE AIRDROP THOUSANDS OF PEOPLE HAD DISCUSSIONS FOR SEVERAL WEEKS IN A PUBLIC FORUM ABOUT HOW THE DISTRIBUTION ALGORITHM SHOULD BE STRUCTURED

THESE DISCUSSIONS WERE FULLY TRANSPARENT, HAVE BEEN PRESERVED, AND CAN BE VIEWED IN THE RUNESTONE DISCORD

ULTIMATELY THE COMMUNITY CAME TO A CONSENSUS THAT THE FAIREST POSSIBLE ALGORITHM THAT WE COULD COME UP WITH WAS TO AIRDROP 1 RUNESTONE TO EVERY ADDRESS THAT HELD AT LEAST 3 NON-TEXT-BASED ORDINALS INSCRIPTIONS ON A RETROACTIVE SNAPSHOT DATE THAT WAS SET TO A DATE PRIOR TO THE IDEA OF RUNESTONE AND THE PRE-RUNES META STARTING SO THAT IT COULDN’T HAVE BEEN FARMED OR GAMED

THE DECISION TO AIRDROP ONLY ONE RUNESTONE PER ADDRESS REGARDLESS OF HOW VALUABLE YOUR INSCRIPTIONS WERE OR WHAT COLLECTIONS YOU HELD IS ONE OF THE THINGS THAT WE DID THAT I AM THE MOST PROUD OF

IT WAS A STATEMENT THAT REGARDLESS OF IF YOU WERE RICH OR POOR, IF YOU MADE THE HIGHLY CONTRARIAN DECISION TO SHOW UP AND SUPPORT BITCOIN WHEN IT NEEDED YOU THE MOST, YOU GOT A RUNESTONE JUST LIKE EVERYONE ELSE

THE ALGORITHM WAS INTENTIONALLY KEPT VERY SIMPLE SO THAT ANYONE COULD UNDERSTAND IT IN PLAIN ENGLISH AND KNOW THAT THERE WASN’T ANY SORT OF SHADY CODE THAT FAVORED ANYBODY

THE ALGORITHM WAS OPEN-SOURCED AND CAN BE VIEWED ON THE FAIRDROP-ADDRESSES GITHUB REPO

AFTER THE ALGORITHM WAS DECIDED A GROUP OF PUBLIC, VOLUNTEER, TRUSTED, INDEPENDENT VERIFIERS (@GM7T2, @LFG, @ORDDATA, @_BITPUNKS_, AND AN ANON DEV) EACH IMPLEMENTED AND RAN IT ON THEIR OWN AND COMPARED THE LIST OF ADDRESSES GENERATED WITH EACH OTHER

ONCE WE HAD A LIST OF ADDRESSES THAT EVERYONE AGREED ON SEVERAL COMPANIES AND DEVELOPERS (@OKX, @LFG, @ORDDATA, AND @_BITPUNKS_) VOLUNTEERED TO BUILD AND PUBLISH MULTIPLE ADDRESS CHECKER TOOLS SO THAT EVERYONE COULD SEE IF THEIR ADDRESS WOULD RECEIVE A RUNESTONE

THE AIRDROP ALGORITHM WAS NOT PERFECT AS NO SUCH ALGORITHM IS POSSIBLE BUT A LOT OF PEOPLE TRIED REALLY REALLY HARD TO MAKE IT AS FAIR AS POSSIBLE AND THE GENERAL CONSENSUS IS THAT BASED ON ALL OF THE ANECDOTAL EVIDENCE THAT PEOPLE SHARED THAT THEY RECEIVED A RUNESTONE THAT WAS WORTH MORE THAN THEY MADE IN AN ENTIRE YEAR OF WORKING THAT WE DID A PRETTY KICKASS JOB

WHEN IT CAME TO DOING THE ACTUAL AIRDROP THE TEAM AT @ORDINALSBOT VOLUNTEERED DEVELOPER RESOURCES TO EXECUTE IT ASKING FOR NOTHING IN RETURN

RUNESTONE WAS A TRUE FREE AIRDROP AND THERE WAS NO SNEAKY CLAIM PROCESS WHERE A $5 FEE WOULD BE CHARGED OR ANYTHING LIKE THAT

112,383 RUNESTONES WERE DIRECTLY SENT OUT TO THE LIST OF ADDRESSES

PERFORMING AN AIRDROP OF THIS SCALE ON BITCOIN WAS UNPRECEDENTED AND VERY EXPENSIVE AND WOULD NOT HAVE BEEN POSSIBLE WITHOUT THE 10.25 BTC DONATED BY @_BUOYANTCAPITAL, @CELLMEJIWA, @BTCORDINAL, @HONEYBADGERSBTC, @THEWIZARDSOFORD, @MERLINLAYER2, @BITMAPTECH, @RARESATSEEKER, @RUNEALPHA_BTC, @_BITPUNKS_, @ORDINALBLOCKOUT, @ARTONINTERNET, @SEIZECTRL, @LFG, @FOMOJIS, AND @OKAYBEARS TO COVER NETWORK FEES

THESE DONORS WERE NOT PROMISED ANY PROMOTION AND RECEIVED NO EXTRA TOKENS IN RETURN, THESE WERE TRUE DONATIONS FROM PEOPLE WHO WANTED TO SUPPORT THE MISSION

IT WOULD NOT HAVE BEEN POSSIBLE TO MINE THE LARGEST BLOCK IN BITCOIN’S HISTORY OR DO AN AIRDROP OF THIS SIZE WITHOUT THEIR SUPPORT AND WE SHOULD ALL BE ETERNALLY GRATEFUL FOR THEM

ADDITIONALLY, TWO EXCEPTIONALLY TALENTED ARTISTS @CL_ART_STUDIO AND @0XFAR DONATED THEIR TIME AND ENERGY TO CREATE THE RUNESTONE CHILD AND RUNESTONE PARENT ART THAT HAVE SINCE BECOME ICONIC IN CRYPTO CULTURE

IT IS TRUE THAT MANY PEOPLE RECEIVED MORE THAN ONE RUNESTONE BECAUSE THEY HAD MULTIPLE WALLETS AND IT IS TRUE THAT IN A FEW CASES, PEOPLE REPORTED RECEIVING 25+ RUNESTONES HOWEVER GIVEN HOW ABNORMAL IT WOULD HAVE BEEN TO HAVE HAD 25+ ADDRESSES EACH WITH 3+ JPEGS IN THEM THIS WAS VERY RARE

I FOR EXAMPLE RECEIVED 9 RUNESTONES (LESS THAN 0.01% OF THE SUPPLY) HOWEVER THIS WAS BECAUSE I WAS A VERY AVID ORDINALS COLLECTOR FOR THE ENTIRE FIRST YEAR OF THE PROTOCOL

I HAVE NEVER BOUGHT OR SOLD A SINGLE RUNESTONE AND HAVE GIVEN SEVERAL AWAY

THE ACCUSATION THAT THE ONLY REASON I PARTICIPATED IN ANY OF THIS AND HAVE POSTED ABOUT RUNESTONE AND $DOG EVERY DAY FOR THE PAST YEAR AND A HALF IS BECAUSE I HOLD LESS THAN 0.01% OF THE SUPPLY IS VERY DUMB IMO

IF I HAD WANTED TO MAKE THIS A CENTRALIZED PROJECT AND TAKEN 1%, 2%, OR EVEN 5% OF THE SUPPLY NOBODY WOULD HAVE PROBABLY CARED THAT MUCH GIVEN THAT IN CONTRAST THE META ON SOLANA AT THE TIME WAS FOR INFLUENCERS TO EITHER DO A PRESALE FOR 100% OF THE SUPPLY OR SNIPE 50% OF THE SUPPLY ON LAUNCH

THE REASON I WASN’T TREATED SPECIAL IN THE ALGORITHM HAS NOTHING TO DO WITH ME NOT WANTING TO MAKE MONEY (I AM NOT ANTI-CAPITALISTIC AND DON’T HATE MONEY) IT IS BECAUSE I BELIEVED IN A VISION FOR A TRULY FAIR LAUNCH COIN WITH NO PREMINE JUST LIKE BITCOIN AND I KNEW THAT THAT VISION WAS GREATER THAN ANY SINGLE PERSON

I ALSO KNEW THAT IT WAS CRITICAL FOR OUR MOVEMENT THAT NOBODY INCLUDING MYSELF WAS ABOVE THE ETHOS OF FREE & FAIR

AND NOW FREE & FAIR IS SOMETHING THAT WILL LIVE ON IN THE CULTURE OF RUNESTONE AND $DOG FOREVER WHICH YOU CANNOT PUT A PRICE ON

RUNESTONE AND $DOG ARE FOR THE PEOPLE AND OUR ACTIONS NOT WORDS ARE WHY THIS MOVEMENT IS RESONATING WITH EVERYONE

PEOPLE ARE TIRED OF EXTRACTIVE NFT MINTS AND RIGGED MEMECOIN LAUNCHES AND ARE OPTING OUT WITH RUNESTONE AND $DOG

WHEN IT CAME TIME TO ETCH THE $DOG RUNE WE HAD TO COMPETE TO GET THE LOWEST RUNE NUMBER POSSIBLE IN WHAT EFFECTIVELY BECAME AN ON-CHAIN AUCTION IN BLOCK 840,00

THANKS TO 4,427 COMMUNITY MEMBERS WHO DONATED 2.9 BTC AND RECEIVED NOTHING SPECIAL IN RETURN WE WERE ABLE TO SECURE RUNE #3 FOR $DOG IN THE 5TH HIGHEST FEE BITCOIN TRANSACTION IN HISTORY

THEN @GM7T2 VOLUNTEERED HIS TIME TO EXECUTE THE $DOG AIRDROP AND ONCE HE HAD FINISHED EVERYTHING WAS COMPLETE

THE ONLY THING LEFT TO DO WAS SPREAD $DOG AND OUR ETHOS HOWEVER BECAUSE $DOG HAS NO TEAM NOR TEAM TREASURY IT WAS UP TO THE $DOG ARMY TO DETERMINE ITS OWN FATE

$DOG INTENTIONALLY USES A CC0 LICENSE WHICH MEANS THAT THE $DOG IP IS OWNED BY EVERYONE AND THERE ARE ZERO LIMITATIONS ON HOW THE IP CAN BE USED

THIS HAS ALLOWED PEOPLE TO CREATE BOTH FOR-PROFIT AND NOT-FOR-PROFIT INITIATIVES TO EDUCATE ABOUT AND SPREAD $DOG

SO FAR PEOPLE HAVE CREATED ART, LOTTERIES, PLUSHIES, WEBSITES, PODCASTS, MAGAZINES, X ACCOUNTS, IRL MEETUPS, CLOTHING LINES, PFP COLLECTIONS, TELEGRAM GROUPS, TIKTOK ACCOUNTS, AND MORE

100% OF THE FUTURE OF $DOG IS IN THE HANDS OF THE $DOG ARMY SO EVEN THINGS LIKE WEBSITES AND X ACCOUNTS HAVE HAD TO BE CREATED BY VOLUNTEERS IN THE COMMUNITY GIVEN THERE ARE NOT ANY OFFICIAL ONES

OTHER PROJECTS TALK ABOUT DECENTRALIZATION BUT $DOG LIVES IT

FOR EXAMPLE, THE $DOG BOOTH AT THE BITCOIN CONFERENCE IN LAS VEGAS RIGHT NOW AND THE $DOG PARTY LAST NIGHT WERE PUT ON BY TWO COMMUNITY MEMBERS WHO ARE BUILDING WITH $DOG

@DOGOFBITCOINOG IS RUN BY @UND3RDOG WHO YES IS A $DOG WHALE BUT HE HAD TO BUY IN LIKE EVERYONE ELSE

@DOGDATABTC IS A POWERFUL ANALYTICS PLATFORM BUILT FOR $DOG BY @BITMAXDOG THAT BRINGS VALUE TO THOUSANDS OF $DOG HOLDERS

I DIDN’T ASK EITHER OF THEM TO SPEND THEIR TIME, ENERGY, OR CAPITAL TO THROW PARTIES, AND BUILD ON $DOG’S IP LIKE THIS BUT THEY CHOSE TO DO IT ON THEIR OWN ACCORD BECAUSE THE CC0 PLATFORM AND MISSION OF $DOG RESONATED DEEPLY WITH THEM

$DOG HAS NO MARKETING TEAM SO $DOG-FLUENCERS LIKE @CRYPTOLUTION, @UND3RDOG, @MRKEYWAY, @RELENTLESS_BTC, @JOOPOORANSKI, @DOGDAMASSA, @THEOG_GENERAL, @COINSWEB3, AND MANY MORE HAVE HAD TO STEP UP AND MAKE SURE THAT OUR MESSAGE IS HEARD

I STILL HOLD LESS THAN 0.01% OF THE SUPPLY OF $DOG TOKENS (THAT I WAS AIRDROPPED) AND HAVE NEVER BOUGHT OR SOLD A SINGLE $DOG TOKEN ON PURPOSE BECAUSE I DON’T WANT THE NARRATIVE TO SHIFT SOMEHOW TO BEING ABOUT HOW MUCH MONEY I HAVE MADE OR PEOPLE SPECULATING IF I AM GOING TO DUMP, ETC.

$DOG IS ABOUT USHERING IN A NEW ERA OF FREEDOM IN THE WORLD BY BEING STEWARDS OF THE BITCOIN TECHNOLOGY THAT SATOSHI NAKAMOTO GIFTED US WHICH MEANS THAT WE HAVE TO DO THINGS IN A WAY THAT WOULD MAKE HIM PROUD

OTHER BLOCKCHAINS CAN BE THE FACE OF MASSIVE SCAMS, CORRUPTION, INSIDER INFORMATION, AND VCS PUMPING AND DUMPING ON YOUR HEAD BUT WE CAN'T LET IT HAPPEN ON BITCOIN

I WILL PUT THE $DOG ARMY UP AGAINST ANY DECA-BILLION DOLLAR CRYPTO COMPANY ANY DAY OF THE WEEK AND I PITY ANYONE WHO TRIES TO GET IN OUR WAY

WE ARE DECENTRALIZED, WE ARE ON THE RIGHT SIDE OF HISTORY, AND WE ARE ON A MISSION TO GO TO THE MOON

IF YOU ARE TIRED OF GETTING RUGGED AND SCAMMED OR DEEP DOWN KNOW THAT WHEN YOU ARE POSTING ABOUT A TOKEN THAT YOU ARE REALLY JUST WORKING FOR SOMEONE ELSE’S BAGS THEN IT IS TIME TO BUY SOME $DOG, JOIN THE $DOG ARMY, AND BE PART OF A MOVEMENT THAT IS GREATER THAN YOURSELF!!!!!

[Leonidas 🧡 $DOG @LeonidasNFT]

The story behind the most fairly distributed memecoin in history 🧵

It is very natural to have skepticism when you hear about a “free and fair” memecoin like $DOG given the rampant fraud and scamming in crypto so I encourage everyone not to trust but to verify what I am about to say

$DOG was born out of a dream that Bitcoin could learn from the shortcomings of other ecosystems and have a culture that accrued value fairly and transparently to the people who deserve it the most rather than lining the pockets of KOLs, VCs, CEXs, market makers, the team, and other insiders who lie to your face

To achieve this vision and to get $DOG to where it is today thousands of people had to come together to donate their time and capital

100% of the $DOG supply was airdropped for free with no team allocation and we refuse to participate in the corrupt practices of paying CEX listings fees, doing paid promotions, or hiring market makers so the only way to succeed was to raise an army

This story starts in early 2024 with the Runestone Ordinals NFT collection

100% of the supply of Runestones was airdropped for free to 112,383 early Ordinals supporters (one per address)

Then several months later 100% of the supply of $DOG was airdropped for free to Runestone holders (889,806 $DOG tokens per Runestone held)

To ensure the fairness of the airdrop thousands of people had discussions for several weeks in a public forum about how the distribution algorithm should be structured

These discussions were fully transparent, have been preserved, and can be viewed in the Runestone Discord

Ultimately the community came to a consensus that the fairest possible algorithm that we could come up with was to airdrop 1 Runestone to every address that held at least 3 non-text-based Ordinals inscriptions on a retroactive snapshot date that was set to a date prior to the idea of Runestone and the pre-Runes meta starting so that it couldn’t have been farmed or gamed

The decision to airdrop only one Runestone per address regardless of how valuable your inscriptions were or what collections you held is one of the things that we did that I am the most proud of

It was a statement that regardless of if you were rich or poor, if you made the highly contrarian decision to show up and support Bitcoin when it needed you the most, you got a Runestone just like everyone else

The algorithm was intentionally kept very simple so that anyone could understand it in plain English and know that there wasn’t any sort of shady code that favored anybody

The algorithm was open-sourced and can be viewed on the fairdrop-addresses GitHub repo

After the algorithm was decided a group of public, volunteer, trusted, independent verifiers (@gm7t2, @lfg, @OrdData, @_BitPunks_, and an anon dev) each implemented and ran it on their own and compared the list of addresses generated with each other

Once we had a list of addresses that everyone agreed on several companies and developers (@okx, @lfg, @OrdData, and @_BitPunks_) volunteered to build and publish multiple address checker tools so that everyone could see if their address would receive a Runestone

The airdrop algorithm was not perfect as no such algorithm is possible but a lot of people tried really really hard to make it as fair as possible and the general consensus is that based on all of the anecdotal evidence that people shared that they received a Runestone that was worth more than they made in an entire year of working that we did a pretty kickass job

When it came to doing the actual airdrop the team at @ordinalsbot volunteered developer resources to execute it asking for nothing in return

Runestone was a true free airdrop and there was no sneaky claim process where a $5 fee would be charged or anything like that

112,383 Runestones were directly sent out to the list of addresses

Performing an airdrop of this scale on Bitcoin was unprecedented and very expensive and would not have been possible without the 10.25 BTC donated by @_BuoyantCapital, @cellmejiwa, @btcordinal, @HoneyBadgersBtc, @TheWizardsOfOrd, @MerlinLayer2, @BitmapTech, @raresatseeker, @runealpha_btc, @_BitPunks_, @OrdinalBlockOut, @ArtOnInternet, @SeizeCTRL, @lfg, @fomojis, and @okaybears to cover network fees

These donors were not promised any promotion and received no extra tokens in return, these were true donations from people who wanted to support the mission

It would not have been possible to mine the largest block in Bitcoin’s history or do an airdrop of this size without their support and we should all be eternally greatful for them

Additionally, two exceptionally talented artists @cl_art_studio and @0xfar donated their time and energy to create the Runestone child and Runestone parent art that have since become iconic in crypto culture

It is true that many people received more than one Runestone because they had multiple wallets and it is true that in a few cases, people reported receiving 25+ Runestones however given how abnormal it would have been to have had 25+ addresses each with 3+ JPEGs in them this was very rare

I for example received 9 Runestones (less than 0.01% of the supply) however this was because I was a very avid Ordinals collector for the entire first year of the protocol

I have never bought or sold a single Runestone and have given several away

The accusation that the only reason I participated in any of this and have posted about Runestone and $DOG every day for the past year and a half is because I hold less than 0.01% of the supply is very dumb imo

If I had wanted to make this a centralized project and taken 1%, 2%, or even 5% of the supply nobody would have probably cared that much given that in contrast the meta on Solana at the time was for influencers to either do a presale for 100% of the supply or snipe 50% of the supply on launch

The reason I wasn’t treated special in the algorithm has nothing to do with me not wanting to make money (I am not anti-capitalistic and don’t hate money) it is because I believed in a vision for a truly fair launch coin with no premine just like Bitcoin and I knew that that vision was greater than any single person

I also knew that it was critical for our movement that nobody including myself was above the ethos of free & fair

And now free & fair is something that will live on in the culture of Runestone and $DOG forever which you cannot put a price on

Runestone and $DOG are for the people and our actions not words are why this movement is resonating everyone

People are tired of extractive NFT mints and rigged memecoin launches and are opting out with Runestone and $DOG

When it came time to etch the $DOG Rune we had to compete to get the lowest Rune number possible in what effectively became an on-chain auction in block 840,00

Thanks to 4,427 community members who donated 2.9 BTC and received nothing special in return we were able to secure Rune #3 for $DOG in the 5th highest fee Bitcoin transaction in history

Then @gm7t2 volunteered his time to execute the $DOG airdrop and once he had finished everything was complete

The only thing left to do was spread $DOG and our ethos however because $DOG has no team nor team treasury it was up to the $DOG Army to determine its own fate

$DOG intentionally uses a CC0 license which means that the $DOG IP is owned by everyone and there are zero limitations on how the IP can be used

This has allowed people to create both for-profit and not-for-profit initiatives to educate about and spread $DOG

So far people have created art, lotteries, plushies, websites, podcasts, magazines, X accounts, IRL meetups, clothing lines, PFP collections, telegram groups, TikTok accounts, and more

100% of the future of $DOG is in the hands of the $DOG Army so even things like websites and X accounts have had to be created by volunteers in the community given there are not any official ones

Other projects talk about decentralization but $DOG lives it

For example, the $DOG booth at the Bitcoin Conference in Las Vegas right now and the $DOG party last night were put on by two community members who are building with $DOG

@DogOfBitcoin is run by @und3rdog who yes is a $DOG whale but he had to buy in like everyone else

@CarbonApp_io is a small bootstrapped startup that is building an app for the $DOG Army

I didn’t ask either of them to spend their time, energy, or capital to throw parties, and build on $DOG’s IP like this but they chose to do it on their own accord because the CC0 platform and mission of $DOG resonated deeply with them

$DOG has no marketing team so $DOG-fluencers like @cryptolution, @und3rdog, @MrKeyway, @Relentless_btc, @joopooranski, @dogdamassa, @TheOG_General, @CoinsWeb3, and many more have had to step up and make sure that our message is heard

I still hold less than 0.01% of the supply of $DOG tokens (that I was airdropped) and have never bought or sold a single $DOG token on purpose because I don’t want the narrative to shift somehow to being about how much money I have made or people speculating if I am going to dump, etc.

$DOG is about ushering in a new era of freedom in the world by being stewards of the Bitcoin technology that Satoshi Nakamoto gifted us which means that we have to do things in a way that would make him proud

Other blockchains can be the face of massive scams, corruption, insider information, and VCs pumping and dumping on your head but we can't let it happen on Bitcoin

I will put the $DOG Army up against any deca-billion dollar crypto company any day of the week and I pity anyone who tries to get in our way

We are decentralized, we are on the right side of history, and we are on a mission to go to the moon

If you are tired of getting rugged and scammed or deep down know that when you are posting about a token that you are really just working for someone else’s bags then it is time to buy some $DOG, join the $DOG Army, and be part of a movement that is greater than yourself

[Soblin @Soblin07]

The kind of explosion $DOG is going to have upon listing will be insane.

ORDI is proof for all of us that everyone is hungry for Bitcoin-native assets.

But $DOG is on Runes, which is a hundred times more efficient than BRC-20!!!!

Something’s starting to feel… different.

[Mastache @CBS_PrimeCuts]

@LeonidasNFT it will happen if not today then tomorrow or the day after all time to wait🚀$DOG

[Leonidas 🧡 $DOG @LeonidasNFT]

If $DOG reclaims a $100M market cap today I will give away 1 million $DOG tokens to a random person who reposts and replies to this

[Leonidas 🧡 $DOG @LeonidasNFT]

Repost if you think $DOG is the cutest memecoin of all time!

[Vincent (Cryptolution) 👑 @Cryptolution]

#Binance Caught Manipulating $DOG Price (SHOCKING ON-CHAIN PROOF)

[Leonidas 🧡 $DOG @LeonidasNFT]

Buying memecoins in the depths of a bear market and holding is one of the highest upside trading strategies in all of crypto

But the community you pick must be strong enough to stick around until the bull run

This is why so many people are joining the $DOG Army

$DOG is forever

[Mastache @CBS_PrimeCuts]

@Cryptolution @CanaryFunds @stevenmcclurg @CanaryFunds $DOG community will love you