Ethereum

daism

Days before, /ethereum suddenly surged, leaving many people wondering what event had occurred.

That day at 8 PM (UTC+8), the first human governance fund created by /daism held its genesis ceremony. 

This caused gas fees and ETH surged 6.4% within an hour.

As a fortunate witness, let me narrate the full story for you 🧵

Three days ago, at 8 p.m. Beijing time, on-chain monitoring bots issued an alert.

A contract named "DAISM_NFT" disrupted the stable Gwei, causing gas fees to soar continuously.

This "DAISM_NFT" contract was the work of @0xDAism. To create the "Satoshi UTO Fund," DAism designed a minting ritual. It involved 50 participants, each burning 0.02 ETH to forge the fund. These participants were all called “Satoshi Nakamoto.”

In essence, DAism was gathering “50 Satoshis” to complete the birth of this fund.

Why is the creation of this fund worth sparking such a storm?

Let’s look at the number of tokens in the fund as specified in the contract:

1.15792 × 10^69.

This astronomical number was not assigned to any single party but was instead dedicated to humanity as the world's first global human governance fund.

https://medium.com/@Aranna0572/satoshi-uto-fund-an-unprecedented-global-human-governance-fund-8af1d7b51010

After participating in the minting, the 50 Satoshis would receive commemorative NFTs, the “Satoshi Honor Token,” airdropped from the “DAISM_NFT” contract.

This NFT stores an SVG image and uses the original EIP-2569 technical standard developed by DAism. Unlike conventional NFTs that store images off-chain, this honor token is permanently stored on-chain.

By 11:27:11 p.m. Beijing time on November 21, after 3 hours, 27 minutes, and 11 seconds, DAism successfully assembled 50 anonymous participants to complete the creation of the fund. Thus, the first-ever public governance fund in human history was born.

https://daism.io/zh/communities/enki/a3f608c1f41c47a6a05387b99386f380

/ethereum has been under criticism for the past months. The fluctuation caused by /daism was like a stone dropped into a pond, creating ripples.

Many on-chain monitors caught a whiff of opportunity and began to stir.

The unusual activity of the day was also reflected in the price of ETH. The lackluster performance of ETH had been a point of contention in the market.

However, precisely at 8 p.m., coinciding with the “50 Satoshis” event, ETH surged.

Some speculate that the surge was due to the SEC’s imminent approval of an Ethereum spot ETF. But we retail investors can hardly decipher the intentions of the whales.

Perhaps it was a beautiful accident, perhaps a big player pumping ETH to support DAism, or maybe smart money had already sniffed out the potential of DAism.

Regardless, the transformation DAism is bringing is more than just a fleeting ripple.

After all, this project seeks to carry forward Satoshi Nakamoto's governance philosophy.

The founder of DAism, @derekzhou, is a technical OG who entered the space in 2014 and has profound insights into Bitcoin and Ethereum. He has made highly theoretical critiques of Bitcoin, highlighting issues in Ethereum's underlying logic.

Some speculate that the surge was due to the SEC’s imminent approval of an Ethereum spot ETF. But we retail investors can hardly decipher the intentions of the whales.

Perhaps it was a beautiful accident, perhaps a big player pumping ETH to support DAism, or maybe smart money had already sniffed out the potential of DAism.

Regardless, the transformation DAism is bringing is more than just a fleeting ripple.

After all, this project seeks to carry forward Satoshi Nakamoto's governance philosophy.

The founder of DAism, @derekzhou, is a technical OG who entered the space in 2014 and has profound insights into Bitcoin and Ethereum. He has made highly theoretical critiques of Bitcoin, highlighting issues in Ethereum's underlying logic.

https://daism.io/zh/communities/enkier/70f5ba77737d4adfbf02b193aae1955a

Under his leadership, the DAism team is planning more radical, rebellious, and transformative actions.

For example—overhauling Ethereum, even through hard forks; advancing global welfare, far surpassing Worldcoin...

This is what a truly innovative and ambitious blockchain team should pursue, isn’t it?

Ultimately, everything DAism does is inspired by Satoshi Nakamoto.

Satoshi, the mysterious pioneer of the blockchain world, the pure advocate of decentralization and de-technologized capitalism—DAism is determined to reclaim blockchain’s original purpose and steer Ethereum back toward true decentralization.

Whether it’s a communist society or a post-scarcity society, the utopia of today is destined to become tomorrow’s reality.

The future of humanity will inevitably be free from poverty, prejudice, and discrimination—a future that is better, more loving, and more free.

This is the future DAism seeks to build. And everyone should join the ranks to shape this future.

If you want to learn more about DAism, stay updated, or use DAism’s social platform Enki, visit: https://daism.io/zh/communities/enkier

On Enki, engage with the fascinating members of DAism to discuss technology and imagine the future!

Lastly, thanks to all the team members of DAism. We are the writers of history, and it’s thanks to everyone’s efforts that DAism, this Noah’s Ark, can set sail!