I thought about redirecting the revenue from the Harberger Taxes to a multisig wallet, but decided against it.
Why? 👇
1. It creates additional selling-pressure. Since the treasury would be in $CIG, it would need to be sold for ETH before spending.
So, the revenue is burned instead. This creates constant demand, as the CEO needs $CIG to pay tax, and CIG is needed to take over the CEO.
May 13, 2021 • 5 tweets • 2 min read
MASSIVE news in #TheDAO land just now!
100,000 theDAO tokens have just been permanently taken out of circulation! ($3m USD worth). The person who burned them got 1000 $ETH in return, so not a bad reward. I hope that they kept some tokens as a souvenir 👍
Btw, there is still over $400m USD worth of ETH waiting to be claimed in the WithdrawDAO, and a further 71,293 ETH is sitting in the "ExtraBalDaoWithdraw" contract waiting to be claimed. I've recently made a GUI for these here to make it easier to check 0xtycoon.github.io/thedao-museum/
May 12, 2021 • 8 tweets • 1 min read
It's on!
Who's ready for the cryptopunks?
Who's going 11?
11 on AOL in Canda
Apr 29, 2021 • 4 tweets • 1 min read
Got a punk, use it for your profile?
Here is how you can prove to everyone that you own it:
1. Setup a .eth address, point it to where your punk is, stick your .eth address in your profile.
/12. Go to app.mycrypto.com/sign-message and write "i am @username on Twitter" in the message, sign it with your .eth address. Note down the "sig"
/2