Thread by @rizzn

If you're in Ukrainian Twitter, this🧵 is for you. If not, keep scrolling.

I'm @Ukraine_DAO dev pod lead, which means I'm around when technical discussions happen and get asked for opinions technical solutions.

I'm not a decision maker, nor spokesperson, a glorified tech monkey

That said, I'm watching a lot of folks who have loyally soldiered and *saved lives* for Ukraine get lined up for a digital firing squad. We can talk about disinfo and political warfare another time, which this info attack certainly pertains to, but for now I'll help address Q's.

I helped craft the basis for this thread this weekend. The end result was penned by committee and whatnot, so I'd like to provide some background on the controversy and the answer from the DAO.

https://twitter.com/Ukraine_DAO/status/1764815423063658592

Someone who carries a grudge against some founders of UkraineDAO has stirred up allegations that funds have been thieved from the DAO. This is simply not correct, nor is it even possible for this to happen.

How? Simply: cryptography (math) and security (blockchain) won't let us

The core of @Ukraine_DAO is an advanced web3 application called Gnosis Safe (@safe). This is a tool that allows multiple people to control a single cryptocurrency address/treasury.

Originally, it was a bunch of "degens" (literal jpeg/NFT traders) that decided to do a little bit of good, gather up their clout, and raise some money for the full scale invasion of Ukraine by russia.

There were many factions who came together in a hurry: speculators, jpeg traders, a russian named nadya, ukrainians, and some weird fringey anarchists from various activist DAOs (that's my category).

I wrote extensively about this phenom here:
networkcontagion.us/reports/3-4-22…

Not to throw these people under the bus, but the only faction that truly remained after March of '22 was Ukrainians. I'm grateful for what they contributed, but also as someone who stuck around often annoyed by the technical debt we were saddled with.

en.wikipedia.org/wiki/Technical…

Who were the people signing these transactions?
@cryptodrftng: UKD founder
@dimabuterin: Vitalik Buterin founder's father.
@defihope: Crypto Steve, PleasrDAO alumn and 1/4 Ukrainian.
@zencephalon: Pleasr alumn, xoogler, co-founder.
ix-shells.eth: highly successful crypto artist.

All of the above are documented in greater detail on @Ukraine_DAO's public site.

On the same site, you'll note all the major donations the DAO has made.

ukrainedao.love/ukraine-dao/Uk…

The total amount donated? Roughly 2,243 ETH was deployed almost immediately (within a month of the ground invasion), which at today's valuation is around $8mm. The valuation is pretty close, ironically, to the valuation at the time in 2022.

We used a tool called @utopialabs_ at the time to manage our accounting, which provided a layer of security and recordkeeping that we found was helpful in demonstrating to the community our transparency.

Unfortunately, the company has since deprecated the tool during the down market, which means we cannot access the majority of our record-keeping.

As a result, answers from our team have come from a result of laborious forensic accounting.

Still, if you want to follow along with our work, you can help out with accounting! Our books are still open and available for anyone to see by looking at our Gnosis Safe transactions.

app.safe.global/transactions/h…

While I may have been "present at creation," and one of the longest running members of the DAO, my visibility is not universal. I was placed as an observer by @DefiHope in the multisig chat room March 12, 2022 (used to coordinate transactions).

This has been helpful reconstructing some of our records, but the majority of the DAO outflows occurred prior to that room being created. Thankfully, as I said, the vast majority of that is documented publicly on our website (complete with invoices and testimonials).

As I'm writing this, I'm observing a conversation happening in the multisig chat room where they are moving to donate the remainder of all funds to @BackAndAlive, which will be a donation of around $300k at current ETH valuations.

As a tech monkey, I don't fully understand the disconnect and hullabaloo around all this, and as someone who's been in the crypto space since 2011, it's hard for me to fathom not understanding teh inherent immutability and transparency of these tools.

That said, I hope to provide illumination for all. At @abstractedaway's request, I'm going to try to do a video walkthru of how to understand our transaction history and track record for the crypto-uninitiated.

A couple minor corrections I didn't notice until I hit "post."

The "they" I'm referring here to is basically everyone but the current folks involved in UkraineDAO.

https://twitter.com/rizzn/status/1765164616160612772

I flubbed @dimabuterin's bio.

He's, among many other thing, the father of the founder of Ethereum.

https://twitter.com/rizzn/status/1765164620543631723