Time for some stats on the sad sad tale of the ICProposalDAO rug from this week
599 unique wallet addresses sent ICP
8 ICP sent on average per wallet
7659.32 ICP stolen in the rug (straight to exchange)
230+ ICP sent by each of the top 5 wallets
1 disheartened ICP community
👇
So what can we do? Well, we can't get the ICP back. But we do still have some options.
1) We could report them to exchanges who could potentially freeze their wallets and/or aid in prosecution. This is straight up fraud and can be prosecuted. Has anyone done this already?
2) We could be extraordinarily nice to those that did get rugged. I have a list of wallet addresses and the amount of ICP they lost, and as a community, we could use the list as a "rugged" airdrop list of sorts. Maybe we add ICTuts minters to the list too...?
599 unique wallets. Would be really cool to start an "I got rugged" DAO. I don't want to encourage falling for scams, but a vibrant community could rise from something like this... Use it as you will.
3) Project reviews! If you tag me on Twitter and ask me about a project, I will take a look at their discord and website to give a public honest assessment of their project. If the project founders feel it is unfair, they can reach out to me to clarify or further explain.
These reviews will be my public opinion about a project, which can help others as they navigate the space and try to determine where to put their ICP. Hopefully this kind of service is helpful, and hopefully I can keep up. I know there are a lot of projects out there 😀
I've thrown around some crazy ideas in this thread (prosecute the ICProposalDAO team, create an "I got rugged" DAO for airdrops, public project reviews), and I feel like they are interesting enough to think about more deeply.
Anyone have concrete next steps for any of these? 😀
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It is extremely easy to scam people in crypto, and since growth = opportunity, much more of this will be coming to the #IC ecosystem very soon
So let's dive into best practices to protect yourself from would be scammers on the IC 🧵👇
1. NEVER give anyone your seed phrase.
Giving someone your seed phrase gives them unlimited access to your wallet. Essentially complete ownership. So best practice is NEVER give anyone your seed phrase.
2. NEVER add a device to your internet identity unless you absolutely 100% trust it
Adding someone as a device gives them complete control over your entire internet identity. Apps, NNS, wallets, etc.
There are quite a few name services popping up on the Internet Computer right now: @icnsid@ic_naming and others.
These services remap an ICP address to a human readable ".icp" name.
But what exactly is an IC name service? And how should we proceed as an #IC ecosystem? 🧵👇
A name service is as simple as an object mapping ICP addresses to human readable ".icp" addresses. This means that (if supported) I could receive ICP at bob.icp instead of some crazy long ICP address. This is convenient and makes it less likely to mistype an address.
The biggest and most widely used name service on Ethereum is ENS. And Coinbase supports it. So this is how it works.
1. Go send ETH on Coinbase 2. Put in my ENS 3. Coinbase looks up the actual address from the ENS and enters it into the send field auto-magically
NFTs on the Internet Computer are going to be huge. Core benefits for IC NFTs over other chains: 1. All assets on chain 2. No gas fees to mint/transact 3. Cheap storage costs ($5/GB/year)
This lets us do all sorts of crazy things with NFTs. Here comes a mega-thread 💥
👇👇👇
1. The Mystery Box NFT
Wrap 8-year staked neurons, DKT tokens, DSCVR tokens, and ICP into a single NFT. Then transfer ownership of all assets in a single transaction.
You could even set rules for under what conditions the NFT could be wrapped (age, social verification, etc.)
2. The AI NFT
Put @OpenAI's GPT-3 model in an NFT, and have it fine tune over time based on your interactions.
You are essentially training it to be a personal assistant, which could then be helpful to you or marketed/sold (easily transferred) to others.