/biz/ - Business & Finance

first

I would actually say this isn't actually all that easy to understand. I write solidity programs so to me it's just obvious but to someone who doesn't understand how ETH works it's not clear. Let me try and explain it as simply as possible. Say you write a contract that lets everyone send money to someones wallet, say, a charity. this is what it looks like

charityAddress = 0x123;

function () payable {
sendMoneyTo(charityAddress)
}

All money sent to the contract is rerouted to the charityAddress. Problem is, that charities wallet has changed in the past. it used to be 0x122, now it's 0x123, and you assume in the future it might change again. If it does change, any money send to the contract is useless, and you will need to publish a new one. So you write another bit of code instead

function changeAddress(address new) {
charityAddress = new;
}

Great, now we can change the address. Only problem is, it is on the blockchain, which means anyone can change the address, and set it to whatever they want. We don't want people to take advantage of that and scam charity money, so instead we write our own address into the contract as an owner, and put something like this in the changeAddress functions

require(msg.sender == ownerAddress);

But this just means you have a single ownerAddress who can change the address whenever they want! that's not decentralized at all! So do you have a frail, easily broken contract with no central owner? Or a centralized contract where you have to trust the single owner?

DFOs let you have the best of both worlds. You can now give voting functionality to an ownership token that allows users to vote for changes. Rather than trusting the owner of the contract, a proposal to change the charityAddress is raised, and the people vote, and the address is changed. But also a lot more, like build a website and host it on-chain using robe and NFT's to make totally decentralized, censorship proof site than can load on any web3 browser.

Continued from >>20713405

>>20747221
Jesus Christ you're such a code monkey.

Tokens compared to coins cannot be updated/changed. You have to delete the token.

DfoHub BUIDL simply creates 1 token made out of 100 tokens.
Deleting 1/100 token won't cause a total meltdown.

Actually can someone just make a simplified explanation of this for the homo erectus making this post?
I think I understand the basics of it, but I need to be spoonfed more

It's supposed to be used to build DFOs and the holders can vote something

>>20747310
>You have to delete the token
not anymore

>>20747313
governance over the code of a token can be decentralized

>>20747383
nice graphic

>>20747313

It's a bit of a pleb filter. You may need to spend some time DYOR

https://www.dfohub.com/buidl

>>20747221
Yuge

>>20747383
spaced it out a bit more

Suicide stack?
Make it?
100M market doable?

>>20747890
I have no idea... I just hope 1000 buidl will = millionaire in the future...

>>20747876
Nice job!

>>20747890
420 sui
4200 make it
easily. this has a working product, you can go watch DFO's pop up in real time. give it a few years and it will simply become the standard for how DAO's are built. It just gives you way more functionality (and it lets you host your front end on-chain, I don't even think the buidlfags on /biz/ quite understand how big that is yet).

>>20748151

>>20748151
I'm just always under the presumption that revolutionary=/=success. There are other factors that play a part.

HOT was supposed to be massive. Now it's a dead project and a few bizfags necked themselves over it I believe

Buidl= top 50 holder , current market cap 2,5m usd x 200 = 500M market cap

EthArt= top 10 holder, market cap only 223k...x 250 possible = +- 55M market cap


Am I gonna make it anons ??

Buidl= top 50 holder , current market cap 2,5m usd x 200 = 500M market cap

EthArt (Buidls little brother)= top 10 holder, market cap only 223k...x 250 possible = +- 55M market cap


Am I gonna make it anons ??

Im in anons, let's send it

That thread was great. It’s nice to see /biz/ finally waking up to DFOhub.

>>20748621
>Now it's a dead project
if this gets to the market cap Holochain is RIGHT NOW buidl is $46 a token

>>20749605
He was talking about a different token. This project is quite literally the opposite of dead

>>20749762
Never mind I see what you were saying

>>20747176
>>20747207
>7
>>20747221
>>20747238
>>20747310
>>20747313
>>20747352
>>20747383
>>20747461
>>20747467
>>20747800
>>20747876
>>20747890
>>20747948
>>20748061
>>20748151
>>20748217
>>20748621
>>20748958
>>20749167
>>20749262
>>20749605
DONT EVER SHILL THIS HERE AGAIN

700 buidl here. I won’t make it but I will keep accumulating. Still early

>>20749970

This is more of a discussion than a shilling

>>20747313
It’s like a descentralized github with an attached bank, thats how I see it. It’s steroids for ETH.

Too bad I’m a poorfag holding 101 hodlies.

>>20750482
Absolutely genius. Genuinely surprised not a single ranjeep has made a pump thread.

>>20750586
there actually was a discord group that pumped this when it first dropped but they could never actually dump it lmao, they just got outpriced

>>20750657
based

>>20747176
we MOOOOONING

So happy to have gotten in on this early. Though at 2.5 mil~ mcap, there's still plenty of room to grow.

Buidl is almost guaranteed to give a better return than investing in any of the current top 100.

>>20751472

Certainly is. So is $ARTE. In fact, ARTE maybe moreso

>>20751472
Reminds me of the early days in the Ethereum threads before the main launch

TIME TO BUY BUIDL BOYS!

Dyor but it appears we might be mentioned in a forbes article soon. Check out the discord. Don't do anything stupid now, you never know... but could be something BIG!!

>>20751840
even fully diluted this would have less than half the supply of ETH, just for everyone's consideration. as of now it's about 1/40th the supply of ETH.

2017 Vibes

So Chainlink will be the next bullrun's ethereum.
XSN will probably be the next Raiblocks (from a gains perspective)
Did we just find the next Antshares?
So now I can just hold this trinity (once my SXP pumps) and be comfy forever?

>>20752048
I am in the discord no mention of forbes article?

It is a good project no need for rumors.

We are all going to make it anon

>>20752048

Interesting... idk

This coin is flying literally from day 1, without any Twitter or Telegram shiller.Imagine what is going to happen when some youtuber or tweeter looks at it ..

>>20752299
I thought there was something about her editor too, no? Could be a panjeer

So what happened to the old buidl that I've been seeing for months? It just seemed to vanish from coingecko and everything.

>>20752351
Did I just get Mandala effected?

>>20752410
You may have entered a different reality. Welcome.

Guys I just got in, how late am I?

>>20752351
Devs fucked up and had to do a token swap. Incredibly ironic for a project which proposes to eliminate the need for token swaps

>>20752451
Wut. It was planned from the beginning. It was the very first instance of the flexible voting mechanism which enabled the hodlers to vote on changing a token.

>>20752479
Thats why it was announced with 3 days warning and they compensated by printing more buidl and giving it to early swappers.
Dont try to spin it

>>20752451
Honestly, I’m really curious. What is the motivation of FUDDers like this? Like just to completely make up something that doesn’t make sense, is it just to get a response? Or what

>>20752479
this

>>20752451
that's not the reason why they swapped lmao, idk why you guys feel the need to fake fud your own projects

>>20752436
Thanks.
>>20752479
What's the contract address of the old one? Is this new one way early or something? Should I just buy this now?

>>20752525
It's a community service. Providing guidance to newfags who don't know any better and will invest in projects with massive red flags like DFOhub

>>20752536
OLD: 0xD6F0Bb2A45110f819e908a915237D652Ac7c5AA8

NEW: 0x7b123f53421b1bF8533339BFBdc7C98aA94163db

You're pretty early. New started like 5 days ago

>>20752665
Thanks. So as the old holders do the swap it's going to mint a bunch more of the new tokens I'm guessing?

>>20752695
From what I understand, the swap deadline is August 1st. The majority of the old tokens have already been swapped over. Besides, I believe there is (please correct me if I'm mistaken) a maximum inflation rate of something like 1.45% per year. I'd have to do another read through of the white paper to be certain, so don't quote me on this.

>>20752695
>>20752849
there was a bonus for swapping early, so the supply went up a good 20 something %. from now on it's just staking inflation for a long while

>>20752849
Thanks.

BUIDL and ARTE flying with BTC

>>20753325
I don't doubt it. All the VCs are eyeing the new ethereum of the dfo world

>>20752849

Inflation is paid out as staking rewards.

The 9 month pays out 30% interest.

>>20747176
BASES

>that sure is a nice protocol you have there
>sure would be a shame...
>if it became an EIP

>>20747176
now that some people actually know about this coin, can y'all make sure we dont get stuck with a shit logo? one anon posted some decent ones yesterday

>>20754452
Link?

Just checked coingecko for today

WTF WAS THAT and blockfolio when

>>20750246
double me you lucky bastard

Can't believe /biz thought this was a scam

People are finally waking up, after seeing the DFOHub team at edcon 2020

>>20756402
2017 vibes

bupm