adding links
A month later, the whale dumps (https://etherscan.io/tx/0x2a2f2da847345a5662a981fc8595d27844af32283938341e2715a1766c52772c) his bags of 600k+ $ubi.
Why use Democracy.Earth’s version, $ubi classic, instead of Green’s $ubi ? @green made the improved version in a few hours of work. Any solidity dev can see that Democracy Earth’s $ubi classic contract is very simple and under optimized. Where did the $1.2 million USD go? @green made the contract without paying himself a San Fransisco salary. You didn’t hire a competent solidity dev with experience? Did Democracy.Earth help build the smart contracts or infrastructure of PoH in any way?
If this proposal moves forward to Phase 2, I recommend deploying and using Green’s $ubi implementation with a new deployment, starting balances fresh.
This would remove all whales, and start with a fresh slate, tabula rasa. No cooperative, no Santi whale, no Democracy.Earth premine investor. Democracy Earth’s $ubi classic is inefficient, and tied to Democracy.Earth’s premine investors, and the bad history of Santi encouraging LP for exit liquidity. Why would anyone trust or provide LP to liquidity pools for $ubi classic knowing this history? There’s only 30k usd in the liquidity pools currently. Let’s face it, $ubi classic is a San Fransisco startup investor backed experiment by non solidity devs.
Let $ubi be born out of the ashes of Democracy.Earth’s $ubi classic, and let’s launch it properly without any premine for investors. Let’s do this the Web 3 way, not with politicians and investors from San Fransisco.
Let’s leave San Fransisco out of $ubi