FUD FAQ | A Weekly Community Thread | Week 6
FUD FAQ | A Weekly Community Thread | Week 6
Top Question of the Week
• How high will ETH go this month?
Since 2018 so many of us have been waiting for this moment. It’s been a long ride through crypto winter and it’s never to say that those lonely ski slopes won’t come again, but, I think we can all agree that this time the price action is for slightly different reasons. People are starting to see just how important web3 and decentralisation actually are for all of our futures.
It’s not just about shilling a coin for a quick pump and dump like we saw in the last altcoin rally and ICO era. Now, the term “blockchain” is starting to move away from that buzzword that it was so often described as throughout 2019/2020, to actually being in sync to how we realise the potential of a truly accessible, open, broadly distributed ecosystem that isn’t just a front for the top 1%.
Ethereum will continue to lead the pack for web3, because, despite what some may be led to believe by flashy headlines and loud web2 voices, Ethereum is really the only truly authentic blockchain and decentralised infrastructure out there. Others, although doing interesting things in the space, do not hold the same sincerity in the actual mission of what an open sourced decentralised commercial environment means.
Most Common Repeat Questions
• Why has it taken 9 months for PODE to solve all of my problems in life?
Let’s address this in full. First off, 9 months ago DIGITALAX didn’t even exist. It was merely an idea on a google doc on my laptop.
We understand that there is a mix of views in the PODE community about how wonderful or awful it is. But it would be really great if people could at least get their basic facts straight. It would make it easier to believe that those few that do have a negative view are actually being sincere in their commentary.
The first simplest fact to verify can be looked up by anyone on Etherscan . PODE launched December 21st, 2020. Since then we have been extremely active in our communication. I invite anyone to sit in a room and deal with the kind of insults and toxicity that our team and many others in this industry encounters on a daily basis and see how long they can put up with it. As it is, we are far more communicative and responsive than the vast majority of projects that put out a blog post once a week or have layers of staff members in between the founder, core team and the public. We have been active in addressing the PODE questions, comments and concerns throughout the 4 months. It seems that only some choose to properly read what is put out or scroll up through chats. We provide a substantial amount of information, but it is up to you whether or not you read and consider it.
So, let’s go through the rest of the facts from the top once again;
What was promised at the start: a lifetime of access to select digital experiences and events, along with related NFTs, for relevant opportunities that DIGITALAX brings forth. The first PODE related release was conceived and developed with a lot of hard work, as a means to enable digital fashion virtual experiences with a partner that ended up not delivering. In fact, they completely dropped the ball, and it was left for us to pick up the pieces. From here it was understood that if we are going to do this the right way and ensure that the vision is seen all the way through to the right outcomes, then depending on 3rd party partnerships that might or might not live up to expectations isn’t a tenable way to achieve the pace and quality of work DIGITALAX adheres to. Therefore, we started intensive development entirely in house for each of the two subsequent drops that reinforced our ecosystem and what we are building as a whole.
At DIGITALAX we go back to base principles and we solve the hardest problems first. There’s nothing that we do that doesn’t deliberately feed back into everything else, even if it may not be obvious quickly, or to all. However, given the strident response from some members of the community against the core of the roadmap we had planned — instantly jumping to conclusions without giving consideration, time, or space for any development to play out — we decided to iterate and adjust course for the next drop, only to meet the same response.
This time, we are doing it different.
Our priority is to deliver a high quality set of experiences, within a broader framework that can grow sustainably throughout the lifetime of the community, created entirely in house, developed properly with the time and resources that it takes, and delivering recurring value for those who choose actively to participate in a healthy ecosystem. In direct response to those who don’t align with this roadmap and have called for a way out, we are also creating an exit path where none previously existed. This way we can part ways with those who whether through mistake, confusion, or even occasionally through malice are not a fit with the PODE community, as we move forward with those who truly believe in the transformative mission PODE exists to make real.
We put a lot of resources into the development of PODE, and we take our treasury allocation and management seriously. The future of PODE supports and is supported by other parts of the ecosystem, and that too takes time to achieve.
Ultimately, it is up to you to self identify as a supporter or opponent of PODE’s mission and values, as well as whether to stay or go. Our focus will remain on communicating and building an architecture for this core component of truly web3 native digital experiences and events, through indie gaming, modding, digital fashion, and the metaverse.
Top Controversies in the Industry
Yesterday the Rari protocol suffered an exploit with over $10m stolen from the REPT pool. It seems like the past week has been a REKT week for DeFi with a number of projects falling victims to various hacks, like that of Alpha Finance and EasyFi.
You can see Rari co-founder Jai’s composed response to the hack below. However, the controversy with this story comes from the point that some seem to believe that hack was in retaliation to a recently released article by The Defiant describing the Rari team as ‘ teens controlling a multi-million DeFi protocol’ where Jai exclaims that the project/team is “now… a fucking bank and that’s so fucking cool.”
You can also read more here:
Silly Fails and Trolling
I’m sure we all tuned in to Elon Musk’s debut SNL appearance. I have to say I commend him for everything that he has done.
The only troll is for those that thought the SNL appearance would pump $DOGE to a dollar during the broadcast. Instead, there was a massive sell off.
If you would like a question answered or contribute content to next weeks article please reach out through our DIGITALAX discord server in #FUD-FAQ channel!
Join our Community!
• Twitter: https://twitter.com/DIGITALAX_
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