buz
1.8K posts

buz
@buz_eth
Graduated from Jpegs with scars to prove it. Ethos Maxi - Validator earned not bought


You gotta admit that the bullmarket was more fun. "Gen Z-er and digital native Rushi Manche was unafraid to take a calculated risk and focus on creating a blockchain ecosystem that enabled developers to build secure applications that interact seamlessly across different networks. Users can manage their digital assets without worrying about being hacked or encountering compatibility issues" "Rushi also launched a token, a cryptocurrency tied to his blockchain company."




A note on the Polymarket positions you've seen on-chain - the account named "P2P Team" is ours. We wanted to come out honestly. The capital came from our foundation account and all proceeds return to it. Here's the full picture. 10 days before our raise went live, we placed bets that we'd hit our $6M+ target. At that point we had one oral commitment from Multicoin ($3M) - no signed term sheets, no guaranteed allocations, nothing binding. We were betting on ourselves. We'd told the market we were raising over $6M. We believed we could. That bet was our way of backing our word with our own money at a moment when the outcome was genuinely uncertain. Over the following 10 days we made our case, secured commitments, and the raise closed at $5.2M - entirely from outside investors we don't control. We understand why this raises questions. Trading on an outcome you can influence erodes trust. We don't believe we were trading on a done deal, but we recognize reasonable people can see it differently. We named the account "P2P Team" deliberately - to give a marketing signal of our presence to the community and reflect our intent to be transparent. But intent isn't the same as action. Not disclosing at the time was a mistake we own. We took time to study the legal implications before speaking, which is why we stayed silent until now with a "No Comments" stance! - that too is a fair criticism. All proceeds go back into our futarchy-governed MetaDAO treasury. We will be liquidating all positions in the next few hours and are putting together a formal company policy on prediction market trading going forward. One thing we want to be unambiguous about: MetaDAO (@MetaDAOProject ) had zero knowledge of or involvement in these bets. We're genuinely excited to join this community and wanted to start on the right note - which means being straight with you about this.




Had a good call with @serpinxbt last night Discussed a lot from his influence and ability to slash, mobs operating on the platform and some of my comments and accusations Main takeaway is they’re trying to solve a really hard problem Some issues I brought up aren’t Ethos issues, but human nature issues Not even web2 platforms have figured out how to handle this In order for them to solve it and better the platform, they have to go through these kind of events The downside is it’s all in public They’ll be dropping a full report on the slash, voting behaviors and more in the next 48 hours-ish I think a lot of good will come from this event to help improve Ethos overall




Gorilla reacts to Ethos founder's "slash manipulation" sparks CREDIBILITY concerns "To me, this makes no sense, I think they manipulated their own platform to make sure that he doesn’t lose points, which is a really bad look for Ethos" "He wanted attention to the platform, he got it, but this is a horrible way of doing it"



Gorilla reacts to Ethos founder's "slash manipulation" sparks CREDIBILITY concerns "To me, this makes no sense, I think they manipulated their own platform to make sure that he doesn’t lose points, which is a really bad look for Ethos" "He wanted attention to the platform, he got it, but this is a horrible way of doing it"




Even though I didn't even get into top 14, I am not going to throw it into bin. Cooking something🕙














