Ethereans Beyond Borders: Smart Contracts for Sovereignty by toschi.eth (@toschi_eth
ETHDubai 2023 · 16 Mar 2023 · 13:33
Using smart contracts and onchain governance to build self-sovereign entities.
Speakers
Topics
From ETHDubai 2023, hosted by DeFi Dubai.
Transcript
here okay so first of all why we are here in the whole industry in general I use this lookup every time I talk basically so since 2008 we are able to sending things and nobody can stop us and since 2014 we are able to execute code and send in programmable stuff without nobody can stop us in this and this is why we are here and this is why the whole industry started and sometimes like especially like during
the bull the bull market so not now people should should remember that the industry is here and it's not because it's legal but because it's legit and nobody can stop it and that's the most important part of the value we have here and because of you know the security badges we have in our Networks and this is why we pay the guest fees and it's pretty fun like when newbies come to the industry and say oh I don't like to pay gas fee but freezing expensive that's the reality and people should like start to figure it out that the security budget is like
our army that secure us it's like the security budget of other countries and if you're not able to fight our enemies we just die but the problem is like and how the industry is going like do you really need this overpowered Mecca Army which our ethereum nodes if we if we pay them with our gas to you know having centralized stable coin trading nfts with images in uh I don't know uh AWS having game object that you can use because the game is a web true all these
kind of things or even the worst is Dallas that you know you just have multi-sig wallet from the teams that they can do whenever they want and people think that they can really vote and change something which is very interesting hmm so um we should start like thinking about you know building things who are secured by maths and and started using our security budget better in this because like if we don't realize like that we should start building like things who are secure by Design and the problem is that at some point like enormous will
figure it out that they can do all of these things and they web shoe and even better without need to pay gasps so by the way here's the two down slabs since 2019 try to solve all of the issues in a decentralizes without compromised way all of the hard issue we have in the industry so that was our in our story basically so in 2019 when we started uh we wanted to solve the issue about governance executing things so basically people that vote code and other people can vote to execute it as a Dao and it was pretty much fun but
it was just the first version of our history then we figured out that people don't pretty much they want just to vote for economical things and so we added like in uh in early 2020 all of the Define integration stuff uh and uh what's happened is that like during our research like the problem is that like in this case when you have like this execution on chain like uh people can execute everything and they can destroy pretty much everything it is not so secure it's another point of attack even if it's from another way and so we started to you know building this kind of like platform contract so that when you add like a piece of thing uh to
vote or when you like add like uh the structure you know 100 secure of what you're adding what you're voting on because you are cloning uh the specific contract on chain and you are not like just deploying your own and we arrive like into into the Beta we have still today like with the children so as governance uh which is working very great and it was introducing like the granular governance which is the real like Problem Solver of governance into the into the web3 on chain which is pretty much like you know uh you have like different layers and every of this layer for some specific stuff uh people can vote and execute directly on chain without breaking anything because they
are very specific to a single change in a protocol that can be like how much we want like a protocol fee app or I don't know if someone have like an inflated token how much is the inflation or this kind of simple thing to run the the maths it was pretty cool because like the um is there since the Beer Market actually because we deploy like this beta version during the beer market and it's incredible like how like our economy goes strong actually even in a beer market it was pretty much cool and so what is happening now that now
finally after four year of researcher development we are introducing like the known Nation which is pretty much what we feel not a problem which is pretty much what we figured out we needed to do to solve our issues creating a nation so uh the why right now is to be able like for every kind of not just dabs but also like every kind of businesses to participate in this nation and be totally independent for any kind of country or regulational
stuff and totally like building economies just because it's Unstoppable it's legit and basically like what we build what how we achieve this nation thing is that we have this uh basically like we have these common rules which are cloned by on chain and we are one you are like 100 secure about you know the um the Collier colony which is the nation and you can create entities that have like its own economy uh uh without need to having the team in the middle when you have to make decision and you and you can use like all of the D5 application we also be like our own
um our own Market actually and so this this is the new thing so having finally dapps with their economy that can be um governed on chain and having dividends from it and everything anything which is finally independent from it and so uh like what is happening is basically that you clone this thing and you create your own for your needs like there is some application like us who have like protocol fees and stuff and that all of this money go there and like hold their votes what we can do with this money and they can't rug each other because the nation put the rules that make this
impossible and so you can run everything from investment funds to dividends running treasury running grants to different allegations uh running protocol fees running how much you want the farming API will be cool or not like in your own application or token and so on so forth and like we are to convey like this release of the known nation and everything into our like yearly event the biedenberg 2023 and there we will share pretty much everything about what what is coming from our side but this is there is more than this
so the non-nation basically is the perfect tool for existing protocols and SQL in general because they can finally they touch themselves from the economy of the application so like they can detach themselves from the pressure from different countries and also like who have these assets they have a different like assets class which are more you know hard assets class because you really can do things into the economy and not like asking to the team to do something but there is more there is the verse so uh after this release we are working on like the evolution of this which is the numbers
and the numbers is like a set of web shoe power tools that we make did we make cable like every like project run on on ethereum to basically sort of like the other issue that remained there and go finally to having like a huge Mark and not not only on ethereum applications which is like the first is the non-passport and the no noted which they know the known passport is the simple thing you have an entity and all of your economy is on chain and all the people just go there and vote or an Evidence they do their own stuff but you as a team for anything you need to incorporate here and there and so imagine that finally you can have
your entity on chain your economy is there and you can incorporate by with metamask I don't know in Switzerland and running there like your team your payroll and your staff there and you can switch between a country another because you don't you don't like Switzerland and now you like I don't know Common and so this is the future your layer one is ethereum of your earnings and the countries just a layer to foreign qualification that you can change whenever you want and the second is is more like based on social outlet so it's the idea that you know we have this application we built like inside uh uh um we built like internally which is pretty much cooler we weren't able to build all this stuff without it uh which is basically like
you can directly Fork like ethereum in your browser and test pretty much from every wallet or trigger anything for everything content try to attack that the uh the contract you are try to test it which is pretty much cool and and also like you can have like a mathematical proof that this is a point of failure of this contract and we will add also like openai to say like in a funny way foreign callers like oh you followed if like in a situation that usdt will die which will happen soon and everyone will just dump better so is still avex resistant attack of this and we start to go to zero or stuff like this and you will be able to do it for every existing contract on ethereum
and basically like this is what you can do with the no Nation plus and over so you have all the things uh I should put this slide before when I say this thing but it's okay you have all of the all of the things which are on chain secured by our Mecca Army of ethereum nodes and nobody can attack and uh independent from the team and all of the earnings go there and people manage these earnings like token holder and stuff and you have some of these earnings that go for example into a company here and there to manage operation pay payroll and so on finally legally which is kind of like a pretty like problem for every like web tree project here and there so um this is pretty much the nomination
and the numbers so the nonation uh was always like a steel launch totally VC free uh there was never team token so it was like one of the fairest application on ethereum uh since the beginning like four years ago uh the money we had is for a thing we call like fixed and inflation in the beginning which always led us to be independent and also like our user to be totally independent and the numbers which is a hybrid it would be like more VC back then this would be like another Journey and so finally you can create real economy on chain and so stop making bounces thank you oh
ah doesn't work I'm not good with flags yeah no it's okay I have this but this is the no Nation okay things we we built in the last year and a half and I hope every one of you like will follow it to your slabs and we'll have like a uh the Builder back in the 23. thank you