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LONG POST WARNING.

Dogecoin has, since the day it launched, been an open, permissionless cryptocurrency protocol. Because it is permissionless, there are two main consequences:

  1. Good actors are enabled to do good and cannot be stopped

  2. Bad actors are enabled to do bad and cannot be stopped - but the protocol aims to be secure, so they cannot take your coin unless you give it to them.

Pretty straightforward.

You only need a slightly more than superficial glance over the history of Dogecoin and the communities that formed around it to show you that bad actors are greatly outnumbered by the good ones. This is awesome because it gives hope; for Dogecoin, but also for humanity. This is also not unique to Dogecoin, the same is the case for, for example, Bitcoin or Litecoin, but you may have to dig a little deeper to see it - over here, it is often visible on the surface.

Because of Dogecoin's image, the most significant group of people that we consistently have had the honor of meeting in the communities are people for whom this amazing magic internet money thing is a novelty. People that pick up on the energy and want to be part of it, without really knowing much about what Dogecoin is. As much as it is awesome it is also dangerous, because these people are easy prey for the few bad actors out there. After all, it is easy to convince someone that is completely unfamiliar with a concept to fall into a trap.

Centralization

The Dogecoin protocol is fully decentralized; it does not need any authority, but only network consensus for it to function. This is good because in combination with permissionless participation it means no one is in charge except the network participants. Unfortunately though, we are still in the early days of societal decentralization and permissionless concepts are still rather uncommon in the real world, and this causes there to be some centralized points that Dogecoin enthusiasts use to further it. The most important centralized channels for Dogecoin are:

  1. The dogecoin/dogecoin GitHub repository

  2. The dogecoin.com domain and website it hosts

  3. Social media accounts and groups

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After discussions with Marshall Hayner about shaping a solution to ongoing contention about the Dogecoin Core tip jar, and receiving a first proposal I sent a letter to all parties directly or indirectly involved in the situation on December 9th 2022, to make sure that any solution was going to recognize the full scope and minimize future problems and risk, perceived or otherwise, as much as possible. You can find that letter here.

The letter is CC to all Dogecoin Core contributors, but I built in a delayed release to give anyone a chance to correct any assertions I made, in case I got anything wrong. I did that to save everyone potential drama. No corrections have been requested - this is the original letter I sent.

Subsequently, a lot of constructive discussion has happened, and steps have been taken to resolve the issue. During the discussions, which I had mostly with Ross, Marshall and Max, and a larger group on copy, a couple things were clarified.

[A] It’s important to realize that mistakes were made but it was expressed that there was absolutely no intent to harm and I accept that. I concluded for myself that the impact of these mistakes were enabled to become significant by a lack of transparent communication, and a lack of allowing dissenting opinions to be voiced prior to acting; if we want to make progress without casualties, we need to have the discussions, also the difficult ones.

[B] The main obstacle preventing corrections across all parties has been (and still is) appetite to take on risk. No one wants to make further mistakes in resolution and create future problems. Personal circumstances in some cases make solutions really hard to architect, and complicate fixes. But nothing is impossible as long as we want to have a solution and don’t give up.

End-to-end, the last discussed version of the plan to compliance is as follows:

  1. Segregation is needed for funds that were transacted out of the tip jar. A new wallet has been set-up, funded and is managed here: https://github.com/dogecoinfoundation/corefunds - these funds have been kindly provided by Much Wow, Ltd.

  2. Because the purpose of the tip jar was at times advertised as if it were to benefit Much Wow, Ltd, and individuals were instructed to deposit donations there, all DOGE received into the AC8 address other than the transfer of funds from the original 9x9 address and change outputs will be re-donated to Much Wow, Ltd, by tip jar custodians.

  3. All non-compliant transactions, including those from resolving #2, originating AC8 will be made compliant by taking this out from custodian payouts that are on-hold. The remainder of this will be forfeited and benefit future contributors to Dogecoin Core.

  4. Once all this is done, AC8 is clean and a key rotation can be initiated: 2 of 3 AC8 key holders desire to be rolled over.

After this process is fully completed, we will have a functional, compliant Dogecoin Core tip jar again.

I’m getting close to reproducing the full accounting on the AC8 address regarding steps 2 and 3 above. I will submit the results to the AC8 custodians first, and publicize it after review.

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Jimbo4901 commented on
i.redd.it/7wxc0n...
Posted by
19 points · 2 days ago

What does this mean

see more
10 points · 2 days ago

Means:

ÐOGE

Go up☝️

35
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Posted by2 days ago
Post image
35
11 comments
1 point · 2 days ago

Not this year.

see more
Op1 point · 2 days ago

Our catalyst has arrived.

2 points · 2 days ago

Poor crypto. When Hot Wheels ? is more like it.

see more
Op2 points · 2 days ago

oh ye of little faith.

Jimbo4901 commented on
Posted by
1 point · 2 days ago

This

Jimbo4901 commented on
Posted by
8 points · 5 days ago · edited 5 days ago

An overreaction to the Silvergate fud and Nonfarm payroll numbers 1hr b4 the market tomorrow and then cpi numbers next week then Powell on the 22nd all coming together in one panic.

Edit: And Biden spoke today, on how much more of our money he's going to put in his pocket(the moment the market started it's nosedive).

3 points · 4 days ago

Fyi: Banks failing; is a good thing for ÐOGE.

1 point · 4 days ago

https://www.reuters.com/technology/crypto-stocks-slide-after-silvergate-decides-shut-down-2023-03-09/

Slivergate was a lender of sorts. They had ties to FTX and debts to customers. It’s more fallout from FTX which causes more uncertainty in the market. When there is uncertainty people, institutions sell off assets.

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1 point · 4 days ago

So. They don't/didn't have any ties recently to any exchanges. js

Sell if u want and I'll buy it. lol✌️

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Jimbo4901 commented on
Posted by
1 point · 6 days ago

Atm, 1150Ð.

Op1 point · 5 days ago

oh, really. It is too little man, try f2pool

see more
2 points · 5 days ago

I like Hyperdonkey.com.

Jimbo4901 commented on
Posted by
Op1 point · 5 days ago

Thanks guys. Dropped $7000 because I'm ignorant, I should've just bought the dogecoin. Oh well it's my fault for not looking into it before being stupid. I appreciate you guys though

see more
1 point · 5 days ago

Have you tried to withdraw yet?

Jimbo4901 commented on
Posted by
Op5 points · 6 days ago

https://www.cnbc.com/2023/03/08/silvergate-shutting-down-operations-and-liquidating-bank.html

You should take 10 seconds to Google search before falsely accusing people of FUD. Every major news organization is reporting the Silvergate story.

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-10 points · 6 days ago

I read it d!9$hit, it's garbage fud that will have zero effect on the crypto industry, other than $tu9id people like you thinking it will.

2 points · 6 days ago

That’s the spirit those words get more people interested in cryto!! Try explaining with out throwing out accusations please!! Have a nice day!!

see more
-2 points · 5 days ago

Yeah kinda like bs fud?

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Jimbo4901 commented on
i.redd.it/g6t9lt...
Posted by
-1 points · 6 days ago

XRP is about to pop.

see more
0 points · 6 days ago

So.

Ðoge Fren

u/Jimbo4901 · 2y
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