Heated community discussions are happening everywhere on #ICP right now.

I would like to reposition the discussion from solution-focused to problem-focused.

Let's talk about WHY this is happening. What is the problem?

Once we agree on the problem we can discuss solutions
🧵👇
1. There is one major contributor to the development of the Internet Computer Protocol (ICP) right now
2. There is one entity reviewing new protocol changes
3. There is one entity giving out grants to ecosystem projects
4. There is one entity establishing the roadmap of the IC
That entity is the @dfinity foundation, and they are doing a marvelous job

But this is the problem. The #IC has many points of centralization

Our task, as a community, is to determine how we decentralize the 4 areas I mentioned above:

1. Dev
2. Code review
3. Grants
4. Roadmap
1. Dev

There have only been ~2 instances of community dev efforts making it into the protocol. We need thousands of these.

So how do we fund protocol development? How do we incentivize development at the protocol level?
2. Code review

Dfinity has 99% voting power on protocol changes right now (different topic than governance).

How do we fund code review for protocol changes? How do we incentivize talented devs to review protocol changes?
3. Grants

Dfinity determines who receives grants and who doesn't. This doesn't always align with community values.

How do we fund grants to fundamental projects in the ecosystem when they run out of grant funding or can't receive grants in the first place?
4. Roadmap

Sure, we can pass governance proposals, but that doesn't force Dfinity to implement them. Dfinity has its own roadmap.

So how can we pass governance proposals that get implemented? How can we change the roadmap by implementing ourselves?
These 4 points of centralization (dev, code review, grants, roadmap) are the foundation of the problem. If Dfinity ceased to exist, I don't think ICP would survive

So what @SynapseVote and @ICDevs_org are fighting for is one particular solution to the problem, but there are many
So before anything else, let's agree on the problem. Then we can explore the solution space to figure out what we want to do as a community to solve the problem.

Does this problem resonate with you? Is this vital to solve? Is it worth solving together?
Calling @AndraGeorgescu, @IsaacValadez55, @mechaquan, @Pwoseidonn, @lastmjs, @afat, @BartlettWenzel, @lightning_lad91, @mexitlan, @fisherdavie, @icpjesse, @dribeiroalves

Please review the problem thread and reply with comments here. Focus exclusively on the problem right now.
Once we all agree on the problem we can make better progress toward a solution.

In terms of a Twitter space, we could do one that is exclusively problem focused if needed. Or if the problem is well accepted, we could jump straight to discussing potential solutions.

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More from @BobBodily

Oct 22
I've been talking with @danostrovsky and @rckprtr about how to grow the #IC, which inspired my poll yesterday.

Based on discussions, my current thesis is that focusing on bringing in more Web 2 users is likely the right move for the majority of #ICP companies.

A thread...🧵👇
To understand why expanding to Web 2 users is the right path forward, let's look at the technology adoption lifecycle.

New tech adoption starts at the left and moves to the right:
Innovators: 2.5%
Early Adopters: 13.5%
Early Majority: 34%
Late Majority: 34%
Laggards: 16% Image
There are about 50m users that own NFTs and about 300m users that own crypto currency worldwide.

If you take the percentage of people in the innovators group and multiply by internet users in the world (~4 billion) you get 100m, which means at 300m we are right at the "chasm"
Read 11 tweets
Oct 15
NFT royalties were always going to be a race to the bottom 📉

Based on recent events, #ETH and #SOL marketplaces seem to agree (@sudoswap, @the_x2y2, @MagicEden).

Now, more than ever, we need better monetization models for creators.

So let’s explore a few promising options 🧵
Let’s start with three models and the types of NFTs they work with:

- Harberger taxes -> Pure art
- Subscription NFTs -> Utility NFTs
- Milestone based minting -> NFTs meant to fund dev

And then a fourth royalty avoidance detection AI idea at the end you’ll want to hear about.
Harberger taxes:

1. All NFTs must be listed on the marketplace at all times. After purchase, you have to list.

2. You pay X% of your listed price as a monthly tax to the creator. The higher your listing, the more secure your NFT, and the more tax you pay, and vice versa.
Read 16 tweets
Aug 30
I think #ICP will be a top 3 coin.

But to get there, we have a TON of work to do.

Here are the top 20 problems we need to prioritize and solve to build a better future for the #IC

🧵👇
1. Node providers are too centralized

The node provider application process is too long/slow. Once anyone, anywhere can be a node provider, then we will truly have a decentralized worldwide computer.
2. Boundary nodes are too centralized

There are a limited number of boundary nodes right now and all IC traffic flows through the boundary nodes. We need to increase the number of boundary nodes and allow anyone to host one.
Read 23 tweets
Aug 13
Based on voting data, the NNS vote on the ICRC-1 token standard was a true #ICP community vote, and it was widely accepted by almost everyone in the community. This means ICRC-1 will be the #ICP fungible token standard for the future.

If you disagree, let's look at the data👇
VOTING DATA

Named Neurons
- ICPMN voted yes (4%)
- Cycle DAO voted yes (6% and follows ICPMN)
- ICDevs voted yes (6%)
- Dfinity voted yes (24%)

Individuals
- Individuals voting yes (7%)
- Individuals voting no (1.8%)

Source: dashboard.internetcomputer.org/proposal/74740
You might dislike named neurons having such a high percentage of the vote. I agree the NNS isn't as decentralized and it should be and we need more named neurons.

But even if you just take individuals (NO named neurons) the vote is 7% to 1.8%, still a win by a large margin.
Read 5 tweets
Jun 28
I've worked with over 150 NFT projects over the past year. Throughout this process, I analyzed the utility each project provided to their holders and synthesized it all into a new Utility NFTs Framework 🤓🎉

Let's dive in! 🧵👇 Image
The framework consists of 5 areas of utility, each one building on the next, meaning layers at the bottom are foundational to the ones that come at the top.

5. Transformative Use Cases
4. NFTs You Can Use
3. Benefits to Holders
2. Community Belonging
1. Art & Collectibles
👇
1. Art & Collectibles

The foundation for utility is artwork. Every NFT collection should have unique, beautiful art

Art is important because you can express your identity and emotionally connect with art

Art as utility is enough for some projects, but most need to push further
Read 9 tweets
Mar 14
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...?
Read 7 tweets

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