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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, NFT Hodler, Degen, Former Camgirl
aka @Kitty4DHD, @kitty4Do, $kitty4d
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Post by kitty4d

2022-09-21
• 3 days ago

quoted repost

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nader
2022-09-15
• 8 days ago
Some people asking about how we got the $DesoDollar name so thought I’d provide some clarity. In consensus, there are two transaction types that the foundation’s keys can execute, neither of which can touch DESO funds: 1. UpdateProfile 2. SwapIdentity You can see the code for these here: https://github.com/deso-protocol/core/blob/ca2041877e097b4bbadd29469c3764b72f447b34/lib/block_view_profile.go#L789 https://github.com/deso-protocol/core/blob/ca2041877e097b4bbadd29469c3764b72f447b34/lib/block_view_profile.go#L528 Why do these functions exist, and what is our plan for getting rid of them? 1. Early on, and even today, there were and are a lot of people who lose their seed. What happens when they lose it? Not only do they lose access to their account, but all the people who hold their coin are out of luck. When we’re in such an early stage of growth like we are now, it’s really important that we have some way to help people in these situations, as a large group of people losing money for an error like this could severely damage the community. 2. In addition to that, there were and continue to be high-profile people who refuse to join if their desired name is not secured from a squatter or impersonator. These are people with very large followings who benefit DeSo as an ecosystem immensely, and many of whom still participate in and follow DeSo today. 3. Sometimes there are names that the Foundation needs that are clearly held by a squatter that is unresponsive to contact. Until there is a liquid market for DeSo usernames, these functions are the only means we have for acquiring the names, and the very few cases we’ve done so in the past we’ve made sure the name is unused and we’ve more than generously compensated the parties involved. But we could have done a better job reaching out, and we will be more thoughtful about this in the future, if we ever even need to do this again (ideally never). The above being said, while these functions are important during our early stages of growth, believe me when I say we want to remove them as soon as possible. As such, we have a very simple criterion for removing these: When DeSo has broken 100k DAUs consistently for a one week period, we will remove these training wheels. Why 100k DAU? This is a goal we have internally that we think is achievable in the near future. It’s only a little bit more than what BitClout was able to achieve, and once we have a decent-sized critical mass of users, we can be confident that the community will continue to grow without the need for these functions. The above being said, we’re open to considering different criteria for this. If you have thoughts, let us know in the comments 👇
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how do you remove transaction types for a blockchain anyways, like, how does that work and if you can remove them, what could you add if you wanted like, could you add a transaction type to take funds from a wallet? and where is an example of one of these transactions in the deso block explorer. i couldn't find the one for the swap on desodollar when i looked. these are questions for the community, obviously
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kitty4D
2022-09-21
• 3 days ago
i mean i get it the answer to my first question is "remove the code in the links provided" but i guess i'm just more curious about where these txns are taking place, are they on the blockchain actually and do they have to be validated by others or are they like taking place in the TBP black box area and are automatically accepted it's i guess more of a question about how the deso blockchain works. i'm just interested in knowing how things work
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kitty4D
2022-09-24
• 6 hours ago
#kitty4d i should start putting this in all my posts. just to see how many it takes to get listed, i'm gonna add it as a comment to my posts now.
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