Eye Am Satoshi 6

#Digital Asset

[Ekudo Research 🔥 @ekudo042]

These projects generated no revenue to $ATOM. But let’s be honest about WHY that matters - and why it doesn’t.

@tokifinance , @Sagaxyz__ , Mars, @noble_xyz - these weren’t supposed to generate revenue to $ATOM in the first place. They were built on the “@cosmos vision” where:
>Chains are sovereign
>ATOM is “the hub” for security/interoperability
>Value accrual happens through… unclear mechanisms

So pointing out they generated no revenue to ATOM is like saying “water is wet.”

The actual question is: Why did #Cosmos spend 5+ years building an ecosystem where the native token captures ZERO value from ecosystem success?

Compare to:
∙#Ethereum: Every L2, every dapp, every transaction → $ETH burns
∙#Solana: Every transaction → $SOL burns
∙Even #BSC: Every trade → $BNB burns

Cosmos: Ecosystem grows → $ATOM holders get… “alignment” and “interoperability”?

Here’s what nobody wants to admit:
These projects failing ISN’T bad for ATOM. These projects succeeding WASN’T good for $ATOM either.

The problem was never whether Cosmos projects succeed or fail. The problem was that Cosmos Hub designed itself into irrelevance from day one.

When your entire value proposition is “neutral infrastructure” and “sovereignty,” you’re explicitly saying “we don’t capture value.”

The brutal truth:
>If Mars had 100x’d → ATOM gets nothing
>If Saga had billions in volume → ATOM gets nothing
>If TOKI became the EVM of choice → ATOM gets nothing

So why would #ATOM holders care about ecosystem success?

This is why the pivot to “ATOM as money” and institutional infrastructure makes sense - it’s finally admitting that the original model was broken.

But instead of celebrating these failures as validation that the old model needed to die, the community is treating them as tragedies.

They’re not tragedies. They’re expensive lessons that Cosmos should have learned years ago:
Sovereignty without value capture = building someone else’s empire on your infrastructure for free.

[Eye Am Satoshi 6 @Fobeego]

@GONOGO_Korea 미국처럼 스테이블JPY 발행을 해결책으로...

[Eye Am Satoshi 6 @Fobeego]

@_ilovefreedom 개인이익에 더 관심인 대부분의 정치인들은 2번째 선택을 할 가능성이 높다고 저도 생각합니다.
앞으로 대한민국은 가진자와 못가진자의 부의 격차가 파열점까지 확장될것 같습니다.

[Eye Am Satoshi 6 @Fobeego]

@GONOGO_Korea 이더리움이 과연 대중적 트렌젝션 플렛폼이 될런지는 의문이고 이더L2들은 이더 기생으로 자기이기심을 드러내는중이라...
또한 dog류.cat류.기타 에니멀류 밈들은 계속 시장지배력이 있을지가 의문임. 분산화 오픈화라고 천명하지만 우째 중앙화된 코인들이 더 조명받는 현실도 웃낌.

[tøny @tonyler_]

Coinbase is steadily accumulating and staking $ATOM.

Probably nothing... 😏

[Sunny Aggarwal 🧪 @sunnya97]

While you were chasing memecoins and flipping JPEGs, I was mastering the art of interoperability.

While you were getting rugged on the latest Ponzi scheme, I was perfecting cross-chain communication.

While you aped into unsustainable yields, I was building decentralized sovereignty.

Now that the bridges are burning and liquidity is scattered, you dare ask how to navigate this chaos?

I was preparing for this—building the true interchain experience. Soon.

[Joseph Young @iamjosephyoung]

Celestia, Injective, SEI, and Osmosis is only the beginning for Cosmos.

There are incredible talents building in $ATOM ecosystem.

Cosmos requires golang, rust, and solidity. The dev level in this ecosystem is extremely high.

I’m very confident in Cosmos eco in this cycle.

[Historic Vids @historyinmemes]

Two Korean elderly men in sunglasses taking a casual stroll through the streets of premodernized Korea, 1904.

[G. 🎒🕶️ @gyunit_]

NO on Proposal #839.
Reasons why.

In 2017, the Interchain Foundation was established with an endowment of $17M, consisting of 5,000 $BTC and 240,000 $ETH. To date, 88% of these tokens have been divested.

Remember that specific terms and conditions were mutually agreed upon with ICO contributors. These funds were raised on the predicate and explicit promise that @interchain_io would maintain a “dominating” focus on and support for the “#Cosmos project,” and the "Cosmos network." A transaction that offers a discount on $ATOM means homogenous and unwavering support for $ATOM.

What is more synonymous with the Cosmos project, Cosmos network, and ATOM than the #CosmosHub?

We have seen the Hub’s intrinsic importance judging from the growing number of creative marauders to “merge” with it.

In 2019, the ICF received 10% allocation of Genesis ATOM, fortifying its financial standing and ensuring 10+ years of financial stability.

Fast forward to 2023 — a Swiss foundation designed albeit as one of indefinite duration, is now accelerating its transformation as one of a spend-down limited-duration entity. Adding to its certain, and suddenly imminent ending, a revisionist effort is underway to censor funds exclusively towards what it considers the “most relevant” initiatives. In other words, their most relevant friends.

The Foundation Council doesn’t get to assert what is most relevant 7 years into “stewardship.”

The foundation’s mission and its self-evident priorities were enshrined on 04/2017 when their papers were registered with the Swiss register.

One can argue — the hub is a direct manifestation of, and the most relevant applied expression of “the most relevant tech stack.” Funding the hub is not a choice. It’s the ICF’s job to maintain it so long as they have an endowment to exist.

$5.6M also sounds like funding for a makeover or an overhaul. Unreasonable.

All we need is maintenance.

The proposition to draw 20% of the Community Pool (CP) should be regarded as an extraordinary measure and must be reserved exclusively for an extenuating event.

As it stands, this proposal appears to engineer a departure from the core mandate. Swiss law prohibits them from doing this, btw. Changing purpose is the founder’s prerogative, or can only be done in extreme financial distress.

Supporting this proposal can translate into unwarranted and unbridled creativity in "strategic" allocations of what remains in the treasury without officially effecting changes to its charter. Sneaky.

Please contemplate the ramifications of what this vote means. Voting yes risks aligning with their discretionary abandonment.

They say they're applying "hyperfocus." In truth, their pretense of focus is to rationalize the opposite.

In view of their ongoing dereliction of reasonable transparency standards, we should collectively adopt firm cynicism.

Vote NO on #839.

Please note, that I deeply appreciate the dedicated efforts of the hub dev team members at Informal and Hypha.
My stance against Proposal #893 should not be misconstrued as a rejection of their valuable contributions. Rather, it’s a principled opposition to manufacturing relevance to do whatever the hell they wanna do.

ICF — do what you were made to do.
Be faithful to your given purpose.
Fund the hub.
Keep it minimal.
And open your books, please.

[Eye Am Satoshi 6 @Fobeego]

@GONOGO_Korea 와우 ET

[Cosmos Hub ⚛️ @cosmoshub]

Lambda Upgrade is successfully completed ⚛️

Replicated Security is live on the Cosmos Hub!

#Cosmonauts get ready for the next phase... 

It’s time to onboard Consumer Chains!

The dawn of the Atom Economic Zone begins today 🔥

[Cosmos Hub ⚛️ @cosmoshub]

1/ ⚛️ Cosmos Hub Gov ⚛️

Voting period is now open for: “Aid Proposal for Earthquake survivors in Türkiye”

The proposal is seeking 20k #ATOMs from the Community Pool to help the affected populations.

https://t.co/OUGPlfCueT

[Doge Sound Club 🟨 @dogesoundclub]

[LG전자의 NFT가 온다! 커뮤니티 채널 입장하고 확정 무료 에어드랍 받자!]

1️⃣follow, RT, ❤️
2️⃣LG전자 디스코드 채널에 "도사클에서 몬슈클 NFT 받으러 왔슈"
3️⃣https://t.co/ARtTGCEJUj

🏆상품
- 몬슈클 NFT AD x 100
- 아메리카노 x 3
(재업로드)

[ian @cryptoian]

[2023] State of Cosmos + The Appchain Thesis

A thread 🧵

[Professor Jo @0xProfessorJo]

부동산 대출채권을 토큰화 한다고? 당신들의 속내를 파헤쳐 줄게.

[🧩MeetWawa 🐶 @MeetWawa]

With the recent announcement of @cosmos 2.0, is $ATOM the most undervalued token in DeFi?

🐶🧵👇🏻

[Adriana @adriana_kalpa]

Unpopular opinion: Bridges will soon become obsolete while @cosmos #IBC will establish itself as the standard industry norm for inter-blockchain communication.
#soon

[jae kwon @jaekwon]

https://t.co/YVIxUlK9KE will have proof-of-contribution. $GNOT is the fee token, while $GNOSH is earned. At the end of stage 1, we will be 334 strong, with equal validators. More decentralized than top coins.

[Junø @JunoNetwork]

🚨

Prop #33 is up. Do NOT engage with this proposal. It is a spam/scam proposal by an unknown entity. Do NOT click on the suggested link in the proposal.

🚨

$JUNO

[DAO Maximalist ☯🏴🦇🔊 @JakeHartnell]

$Juno has been halted again do to another denial of service smart contract attack (using a new attack vector).

Funds are safe.

Community is hard at work determining the root vulnerability and working on a patch. We've got a truly amazing group of talented folks working on it.