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2. Firstly i want to talk about a quote of one of the greatest man in Turkish History. His name is M.K.Ataturk.
3. He spends his life mostly to build a nation that can stand forever. Even without him. Even without his guidance. And he said :
"One day my mortal body will turn to dust but the Turkish Republic will stand for ever.”
"One day my mortal body will turn to dust but the Turkish Republic will stand for ever.”
4. What does this have to do with cryptos?
#governance.
The idea is to build a system that can stand forever.
Not relying on one person, or one foundation, but relying on the whole community.
#governance.
The idea is to build a system that can stand forever.
Not relying on one person, or one foundation, but relying on the whole community.
5. The whole #crypto world is trying to figure out what's the best way to do this. It's so important for decentralization.
#Uniswap did it with airdrop, and make all the people using uniswap equal. What did people do? Sell those $UNI tokens.
#Uniswap did it with airdrop, and make all the people using uniswap equal. What did people do? Sell those $UNI tokens.
6. They sold their votes, just like people vote for someone who gives them money/job in the real world. They sold their voting power.
7. $YFI did it with a better idea. #YFI tokens are not just voting tokens, but something like stocks. They generate #yield for the token holders.
8. #fantom takes it to the next level. There is on-chain governance in the chain. You vote based on your #staked tokens. Your voting power is based on how much you trust and secure the #fantom network.
9. AND IT'S IN THE #FWALLET. WHAT THIS WALLET CAN NOT DO? I DON'T KNOW. IT'S EASIER TO VOTE THAN WRITING THIS THREAD.
10. Just go and vote about the things you agree. Sagy no to things you do not agree with. And not just yes or no, you decide on your level of agreement to proposals.
11. Or make your own proposals. First proposal was this:
12. Yes i totally agree on that. Cause why wouldn't we be able to submit proposals?
We are the ones governing this.
We are the ones governing this.
13. Of course for now, even if the proposals pass, #fantom team has to make them live. But just think about the concept, think about the future.
14. If there are 100 million people in the community, community can create its own leaders, its own creators, its own senates.
In short, its own #governance.
All in one wallet.
Permissionless.
Unmuteable.
No one can mute you.
In short, its own #governance.
All in one wallet.
Permissionless.
Unmuteable.
No one can mute you.
15. Thanks for reading. Let's meet in another thread!
