pray.eth

To live is to suffer, to survive is to find some meaning in the suffering.

Kind of makes that whole process last year seem pretty pointless

BREAKING: A newly-released OGE Form 278-T discloses that President Trump filed 3,642 trades involving stocks of public companies between January 1st and March 31st. Our team has sorted and analyzed the thousands of transactions. Transactions include hundreds of stocks and ETFs such as Nvidia, Microsoft, Broadcom, Amazon, Apple, Alphabet, Meta, Goldman Sachs, AMD, Airbnb, Palantir, Netflix, Costco, Walmart, JP Morgan, DoorDash, and others. Individual purchases of Nvidia, Microsoft, Broadcom, Amazon, Apple, and others ranged from $1 million to $5 million in disclosed value. Individual purchases of AMD, Goldman Sachs, Alphabet, Airbnb, DoorDash, Micron, Stryker, and others ranged from $500,000 to $1 million in disclosed value. President Trump also reported hundreds of stock sales ranging from $15,000 to up to $25 million. Should we produce a detailed breakdown of President Trump’s stock purchases and sales? More details to come.

Gnosis GIP-150 failed 28/72. Strip out Gnosis Ltd leadership's votes and it flips to 78% in favour. Non-team holders want a fair exit and an answer on the NAV discount. Leadership's response: maybe more spending, no exit. Longer version: GIP-150 did not pass. The final vote was 28% in favour, 72% against. Excluding Gnosis Ltd leadership’s tokens shifts the result to 78% in favour. Their personally held tokens are legitimate, circulating, and rightly count. It is only the Ltd-held GNO that we categorically reject as circulating until it is deployed on endeavours generating greater than 1x ROI. This breakdown matters because it makes a structural problem unavoidable. The same three individuals are Gnosis Ltd cofounders, Ltd executives, and as co-founders of Gnosis, the largest individual GNO holders. They are funded by the DAO, operate the entities receiving DAO funding, and hold the voting power that decides whether that funding continues. Their personal token votes are not cast as independent tokenholders weighing a proposal on the merits; they are cast in alignment with their roles as cofounders and directors of the entity the proposal affects. When the votes attributable to that concentration are removed, the remaining holders speak clearly: 78% in favour of a fair exit and an honest answer to the discount to NAV. What is currently being represented as “the DAO’s view” is in substance the founders’ view, voted through by founders, on a proposal that constrained the founders’ own operational latitude. That is not a decentralized DAO. The substance of the result is unambiguous regardless of how one feels about the specific mechanism. There is clear and undeniable support among GNO holders outside of Gnosis Ltd leadership for meaningful change, along with a mandate to prioritise trading above true NAV at the bare minimum and providing a fair exit mechanism for those unwilling to remain through another pivot. A protective mechanism for those willing to give the new vision a chance, without necessarily signing the entire treasury away to spending, should also exist. Both should co-exist, and become part of Gnosis DAO. The response from leadership in the days following the beginning of the vote has been the opposite of what a 78% non-team result calls for. Leadership has verbally floated a meaningfully higher operational spending envelope for the next funding cycle, as well as a hostility towards exploring a solution, while pretending there was interest from third parties to purchase participations in GNO, yet these third parties would not even buy it below NAV. Reading a result in which 78% of non-team holders signalled they want a path to realize NAV as a mandate to ignore an adequate exit solution and increase spending is not a tenable position. It is the precise inverse of what was voted for, and it confirms the concern that motivated this proposal: that operational discretion at Gnosis Ltd is being exercised without regard to the tokenholders the DAO exists to serve. We will give leadership a week to reflect on this striking result and consider whether they genuinely accept its implications. If they do, and wish to engage on shaping the next proposal to protect non-team GNO holders, we are ready to work with them. If leadership continues to disregard the outcome, we will have no choice but to bring forward a further proposal without their input. We trust that there will be no additional spending bruteforced through by these founder-held tokens, against the spirit of a decentralized DAO. Defensive voting with 385k GNO over disagreements on mechanism is one thing. Using that same concentration to force non-consensual spending increases against a vote that just produced a 78% non-team signal for value return is quite another, and would be impossible to reconcile with any claim that this is a tokenholder-governed organization. We look forward to engaging further with GNO holders to shape the proposal. Whether you are a long-term holder or a new holder, please reach out to provide input.

Trump just broke the record for the largest weekly release ever from the U.S. Strategic Petroleum Reserve — even bigger than Biden’s after Russia invaded Ukraine. At this rate, we’re on pace to run out by September.

the tech world has genuinely not grappled with how many people despise them and what they make