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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, Former Camgirl
aka @kitty4Do, $kitty4d
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Post by kitty4d

2022-06-09
• 6 days ago

quoted repost

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kitty4D
2022-06-09
• 6 days ago
so anyone think that when the price of deso is going up like it is right now, that it'd be smarter for the dao to close the funding round, take the money out and convert to USDC, and then transfer it back later? this is not financial advice, this is a question. i mean, you might think deso is staying up but nothing has happened to really cause it.. and you still have more money in funding than you had prior to deso going up.. right?
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what i really mean by this when i think about it more is i'd rather the dao treasuries be in USDC lol cause yeah it kinda blows if you have a fundraiser DAO if the money is in escrow and you see deso go way up in the middle of your round, and then have it drop by the end. of course you might convert and then deso keeps going up, but it's a fundraiser, and you have more funds than you had before. otherwise it's like you're gambling with the fundraiser funds. an on-chain stable coin conversion would be super cool. i'm only talking about fundraiser daos
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darian_parrish
2022-06-09
• 6 days ago
Yes, DAO treasuries should be in whatever asset you need to do most of your transacting in... for example, if the goal of your DAO is to acquire Ethereum NFTs it should be in $ETH Per that DAODAO one pager this will be possible at some point.
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kitty4D
2022-06-09
• 6 days ago
----continued from previous comment--> but i meant more like if you're strictly a fundraising DAO, like, you don't reaaaaally want to gamble with funds people have contributed. which it kinda feels like is happening by keeping it in a non-stable cryptocurrency. it's not like if deso pumps, the people who contributed get more dao coins now that their contribution is worth more money.
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kitty4D
2022-06-09
• 6 days ago
oh absolutely, like i have @plutoDAO which will be exploring the Solana blockchain (i certainly hope if it gets funded that we will end up being able to distribute to members, but worst case it's where people can just discover all the cool DeFi apps and if we lose, it's not really meant to be much per person). and if it gets funding, i'm putting the money in a Solana wallet immediately in USDC, before we would decide where to go from there with it. the wallet address will be public, so totally transparent. just as much as the DAO's DESO wallet is.
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darian_parrish
2022-06-09
• 6 days ago
Also need multi-sig for DAOs
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kitty4D
2022-06-10
• 5 days ago
yeah i feel like only when they release a multi-sig treasury option should people really be starting the more serious DAOs. for my solana one, the multisig isn't actually that useful on DESO. there are multisigs on solana but i feel like as long as the treasury is less than $1000 it's a bit extreme. everyone can see the wallet, and i hope at least people wouldn't think i want to sacrifice everything i've kinda been doing as kitty4D for less than $1000 lol feels reasonable enough for a start while we all are figuring things out
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darian_parrish
2022-06-10
• 5 days ago
Not only about trust but also key person risk(something happens to key holder, etc.)
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kitty4D
2022-06-12
• 3 days ago
ah yeah the old "hit by the bus" hypothetical :D well look we know DESO Foundation could rescue the funds, couldn't they use the same swap feature that's used for the reserved account swaps?
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daox
2022-06-09
• 6 days ago
Or just leave DeSo price do its thing and not care about it, finish your round and follow the plan normally.
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kitty4D
2022-06-09
• 6 days ago
of course, that's why i was asking the question though. if i were raising funds for a specific purpose that required USD in the end, i would not want to be gambling with the money all the way through the round. because i might need to hit a certain mark in USD. since people don't buy things in DESO.
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            MarkdownDescription: "# [Kitty4DAO @ DAODAO](https://beta.daodao.io/d/Kitty4DAO)\n\n## Kitty4D on the B-Chain \n[YouTube Channel](https://www.youtube.com/channel/UCyWRuGbRn_br0Mu4tDavnWA)\n\ni'm just a girl with a dream, a dream to make content all day and all night forever in between writing code. i never created content before November 13, 2021, the day i joined the DESO blockchain on DiamondApp.\n\n### What Kitty Do\n\n1. Programmer/developer.  JavaScript (Vue, ReactJS/Next, Svelte, Node.js) ($$$$$); Python ($$$); C# ($$); HTML/CSS ($$$$$); SEO Stuff ($$$); DBA / Database Design (MSSQL, MySQL, Postgres) ($$$$); Solidity ($); Debugging, no matter the language ($$$$$)\n\n2. Content creator.  Image Editing; Video Editing; Memes; Sometimes I write stuff; Pointed and constructive criticism + good ideas; You name it, I'll create it\n\n3. Cat in the Hat Hacker.  I push it to the limit; Past the point of no return\n\ni work in DeFi on the Ethereum blockchain. hoping to bring solana in sometime. if there is ever such a thing as vote gauges on DESO using governance tokens and vote escrow tokens, i'd suggest that we integrate DESO as well. (but i don't know if a social blockchain would really ever have that- i'm just saying, i totally would make sure we did it if it were possible)",
            TelegramURL: "",
            TwitterURL: "kitty4Do",
            WebsiteURL: "https://kitty.fourdown.org"
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