DavyCrypto

Making DeFi great again; BD @HatomProtocol & @0xSoulProtocol ( )

@xAllianceDAO genesis member

[DavyCrypto @Davyegld]

@SasuRobert @vinibarbosabr @GRM_Web3 @xMoney_com *licenses owned

[DavyCrypto @Davyegld]

One thing is saying funds are needed to scale and succeed. That’s fair.

Another is making it look like xMoney didn’t already have great ambitions. It had.

10% of PayPal market share, with crypto valuations, would mean being valued at least 10B$.

+ stablecoin card was used already cause of the licenses used.

At max, given all that xMoney is doing was already part of the old plan, you could say now there’s a better plan (which wasn’t there previously) and talent able to execute it.

[DavyCrypto @Davyegld]

@SasuRobert @vinibarbosabr @GRM_Web3 @xMoney_com The complexity of even eating a fraction of PayPal market share is immense.

The narrative you’re trying to create is:
- xMoney/UTK didn’t have great plans
- xMoney/XMN does

It’s simply not true😅

[DavyCrypto @Davyegld]

@SasuRobert @vinibarbosabr @GRM_Web3 @xMoney_com This is not true.

Nuno wanted xMoney to replace PayPal in size, he shared huge goals for the company.

He also talked about possible xMoney/Utrust integration into Ebay (never happened).

[Rachin Kalakheti @rachinkalakheti]

How did we end up polling on Discord for Nepal’s next leader? Here’s a rundown:

tldr; Nepali government was overthrown in 48 hours and I think i just witnessed the first internet native revolution.

Over two decades ago, Nepali citizens overthrew the Monarchy to establish a multiparty democracy hoping for a better future. However, two decades later, the leaders of three major democratic parties, who overthrew the monarchy, were still fighting for power and greed.

They went from no slippers on their feet to living in lavish mansions, but the common men were still poor, with no sign of improvements.

However, something changed from around late 2010s. People who relied on national TV and radio for their information started getting wide access to internet. People could see every mishaps these politicians made in real time, every frustrated candid stories of every Nepali citizens, and the rapid development of every other country that used to be on a similar level to Nepal. Frustration started accumulating rapidly among people, all enabled by the internet.

Fast forward to around August 2025, Nepali youths, frustrated by the corruption and incompetencies of the government, started a trend on TikTok called "Nepo Babies" where they created reels comparing the lavish lifestyle of politicians' kids with common citizens of Nepal who couldn't even afford a proper restaurant meal.

This exposé got widespread traction on TikTok and Instagram, which infuriated all the citizens of Nepal who had already lost hope from the current politicians. Everyone started cyberbullying their kids for their lifestyle.

Coincidentally, Nepali government imposed a ban on almost all major social media sites on September 4th 2025 saying they need to register their entities in Nepal and follow a strict content moderation rule imposed by the government, which obviously, these sites declined to.

The problem is over 20% population of Nepal resides outside the country and suddenly they had no proper way to communicate with their relatives back home. This lack of empathy, combined by the suspicious timing around the rise of nepo baby trend and a long standing disappointment in the current establishment was too much for everyone.

Suddenly, on September 5th, a call for a peaceful protest on September 8th started circulating on TikTok, Reddit, Discord, Instagram, etc.

What’s interesting is, this was a decentralized protest, all organized via internet without any central figure. Since it was organized collectively by youths on internet, this protest was given the title of “Gen-Z protest.”

A huge 12,000+ mass appeared on September 8th protest. It started peaceful, but things suddenly got violent. The government gave an order to shoot which led to the death of 20+ people and 300+ injuries by end of the day. Gut wrenching pictures and videos from the protest started floating on internet which led to a widespread outrage against the police and the government.

Later that night, Government gave a very lackluster and apathetic response to such a devastating situation. With this, peace wasn’t an option anymore.

Reddit, Discord, and TikTok was filled with rage and call for revenge on September 9th. People started sharing tutorials on how to create a Molotov cocktail, how to disarm tear gas, etc. This felt like the heat of the moment, but no one expected what was about to come the next day.

Next day, everyone from every part of country started coming out of their houses and protesting against the government. Around early afternoon, news started circulating on internet that a big group was headed towards the house of the Prime Minister. Then another group headed towards another big politician, then another, then another. All of their houses were burnt.

Internet facilitated a realtime coordination for mimetic actions across the nation. This is why “burn their mansions” became the trend for the day within a couple hours across the country. Police force, who were already demoralized from last day’s actions and reactions, showed little resistance on this day.

Almost every major politician’s house was burnt, and many politicians were even beaten brutally by the crowd, on streets, on rivers, and in their mansions.

I was on Reddit and Discord all day. It truly felt like dropping at a warzone where everyone is coordinating attacks, sharing real time updates, and even telling which locations to avoid, etc. By late afternoon, the prime minister resigned and took refuge under the army alongside many other politicians. Army took control for security later that night and wanted to host negotiations with the protestors.

The problem was, there was no representative for the protest. It was all a collective decentralized effort. So people started discussing and polling on Discord and Reddit on who should represent the protestors and who they should nominate as their future leader.

It’s been a chaotic effort (who knew decentralization would be chaotic), but they’ve finally agreed upon who they want to nominate. Discussion between Army, the President, and the protestors is still ongoing, but it’s almost guaranteed now that the leader nominated by the Discord polls will take the position within a couple days.

It was an unfortunate event where many things went wrong and the destruction pushed Nepal back by years, but the sequence of events were very unique, where almost everything originated and accumulated from the internet. The dissatisfaction accumulated for years on internet, and suddenly in two days, the government was overthrown, all coordinated via Internet with no central figure. In many ways, the protest happened on the internet for years, but the government didn’t listen.

I suspect this pattern will emerge across many other countries now that the world has seen what’s possible. The Network State is becoming a real thing.

[DavyCrypto @Davyegld]

@SasuRobert @solver_cs @Justin_Bons @xCountries @xMoney_com @xMoneyGreg Check the proposal, you’re not updated I think

[DavyCrypto @Davyegld]

@SasuRobert @solver_cs @Justin_Bons @xCountries @xMoney_com @xMoneyGreg + They can’t lock for “years” to get a bigger share.

It’s the opposite. They can lock their tokens for 6 months to see their share decrease less.

[DavyCrypto @Davyegld]

@SasuRobert @solver_cs @Justin_Bons @xCountries @xMoney_com @xMoneyGreg They’re not voting Robert.

Check the current governance proposal, I guess you missed it.

UTK holders can vote Yes or Yes.

[DavyCrypto @Davyegld]

@vinibarbosabr Horn and Halo effect.

Once you’ve made your mind on someone, you’ll see his actions in a positive or negative way.

Happened with X, and was surprised with Y not being as harsh with Z as he was with X. Actually very frustrating.

[DavyCrypto @Davyegld]

@vinibarbosabr

[DavyCrypto @Davyegld]

I have a hard time understanding a CFO asking why ownership % matters.

User A invests at $30M valuation, owns 1%, holds for 7 years through all the failure risk.

Gets diluted once to 0.5% 2 years ago.

Now forced into yet another 90% dilution (1% → 0.05%) at arbitrary $1B market valuation.
x3 current market nominal price but with 6-month lockup risk.

He took maximum risk at $30M for meaningful upside. Now he has minimum upside with continued risk exposure.

Return to risk ratio is now destroyed.
Not all invested at current valuation, some invested at 0.3, 0.4, even 0.6. For the price to return to those level company will have to be valued 3,4, 6B$.

Early investors deserve a fair participation in the success they helped create. This breaks the entire social contract, with investors not even given the chance to invest at the last round valuation (don’t have info but was 100% not 1B)

[Bayar Ali @bayar_ali]

Appreciate you raising this.

Let me clarify: XMN isn’t just a bridge of UTK onto Sui. It’s a new token with a wider scope: loyalty, rewards, grants, and incentives that UTK simply couldn’t support.

That’s why we designed a fresh model instead of a 1:10 supply migration.

The conversion options were built to reward UTK holders:
- 1:1 with 6m lock - value preserved, APR boost + a unique OG NFT with lifetime benefits
- 3:1 without lock - immediate liquidity, still with staking incentives.

So rather than “losing share,” holders get choice, upside, and extras that reflect the growth and expansion of xMoney.

Why is share of total supply important to you?

[DavyCrypto @Davyegld]

@bnistordev @MultiversX @Romsty Good point here tho

[Alex Bardahan @AlexBardahan]

@SasuRobert @MultiversX @beniaminmincu @lucianmincu Did the person who approved the Times Square ad use the same reasoning as you? Do you really think that’s respectful towards us those who are still sacrificing our own resources to keep building on MultiversX?

[DavyCrypto @Davyegld]

@GRM_Web3 She's that famous even outside Italy? Incredible :)

[DavyCrypto @Davyegld]

@McFlyKrypto @xMattDiaz It could be done in a similar way.

Similar to what happened with Fantom -> Sonic (dilution wasn't much but Fantom had a massive treasury already).

[DavyCrypto @Davyegld]

@GRM_Web3 @DBCrypt0 *But YOU'RE more aligned with DB than you think on the situation.

Important error 😆

[DavyCrypto @Davyegld]

Said my thing as that thing was not true 🙌

On xAlliance there were small grants for the "best content" on different topics. Pretty sure the amounts are not enough to have anyone create any bias, at max the specific bag holding.

But more aligned with DB than you think on the situation.

[DavyCrypto @Davyegld]

@vinibarbosabr Forgot to add the link 😅

https://t.co/78b8L5GQVg

[DavyCrypto @Davyegld]

I was always AGAINST the fixed supply. You can’t find a single tweet of mine talking about EGLD scarcity, and many criticizing it.

Screenshot below is from 2.5 years ago. There are some from 4 years ago as well, but that one perfectly explains my position.

The goal is to build a solid decentralized network, and not optimizing for the token value accrual in the long-term. (Can happen, but as a secondary result and not as the main objective).

With this said, MultiversX foundation played its own cards extremely bad.
It allowed the community (but also used in communication many times) shilling EGLD with the scarcity card cause it was convenient.

The end result is that we have ton of investors into the chain cause of EGLD scarcity narrative. It was convenient not going against them, hoping price would recover or adoption would kick in.

Bitcoin people are doing the same thing, despite the issue will be obvious only a decade from now. For now, the scarcity card is convenient for them so the issue is better being resolved when it’ll present itself.

Build an investor community around a scarcity narrative, and once you’ll remove the scarcity you’ll see riots.

I was never a supporter of the fixed supply nor I care. But I see how this will be a HUGE issue.

I hoped foundation could be on our side showing how this could be a possibility, but staying silent was convenient.🥲

[DavyCrypto @Davyegld]

Totally agree on the governance part.

This wallet is connected to 2.5M EGLD apparently (didn’t do the math personally).

Last governance vote had 4M voting power.

But anyway crypto governance will never work if stake based, or not the way I’d like at least. I don’t like plutocracies.