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Dominic Williams

Internet Computer founder’s $250M plan to help end the war in Ukraine

Williams' proposal is focused on using blockchain tech to counter propaganda, and incentivize the Russian population via crypto rewards to get informed on what's taking place in Ukraine.

Internet Computer (ICP) and DFINITY founder Dominic Williams has conjured up an oddball plan to speed up the end of the Russian invasion of Ukraine via smart contracts and $250 million worth of crypto rewards.

DFINITY’s Internet Computer was launched in May 2021 and is a public blockchain and protocol that’s trying to decentralize the internet.

Williams' March 16 proposal is focused on countering propaganda, and informing the Russian population — who he suggests are in general “completely ignorant” — on the reality of what is actually taking place in Ukraine, which will then, in turn, spur them on to pressure the government to stop the conflict.

“We should not hold out too much hope that sanctions alone will turn the Russian population against their leaders, for the simple reason that they control their media, which dutifully pumps out carefully-crafted propaganda and false information,” Williams wrote.

The proposal suggests that blockchain tech and smart contracts could serve as a way to get large numbers of verified Russian citizens to watch “informative media” concerning the war together in virtual reality parties dubbed “people parties”:

“Each attendee who proves personhood using the people party system is then identified to smart contracts as an individual human being. The system prevents cheating, such that on each run, a person is only able to attend exactly once.”

“In this proposal, smart contracts would open a new crypto account for each successful attendee, which they can access and control using an Internet Identity,” the post added.

To incentivize citizens, Williams proposes that crypto rewards in assets such as Bitcoin (BTC) and Ether (ETH) could be utilized. Each Russian citizen would be required to watch until the end of the video/s as pin numbers tied to their accounts would not be unlocked until all of the content is consumed.

“The streaming video will tell the truth about the war in Ukraine, and ask Russians to pressure their government into ceasing hostilities. How such a video is best constructed should be left to talented filmmakers. A non-watermarked version should be made available for download, allowing the recipient to show others the video,” Williams wrote.

Related: Ukraine's president signs law establishing regulatory framework for crypto

The $250 million sum suggested by Willaims is based on his recommendation to pay each participant $50 per video watched, with the hope of attracting 5 million Russians to watch the informative videos.

The plan relies on many contingencies falling into place, with the most important being the internet staying online with no interference from the Russian government to facilitate such a grand plan. Responses on Twitter highlighted pointed out that Moscow officials are reportedly weighing up disconnecting the country from cyberspace.

Other Twitter users weren't impressed with the idea such as “Omega.ic3” who slammed the move as a PR stunt:

“There is no way this idea would have any real chance to impact public opinion in Russia. Therefore it looks like a cheap PR shot, ultimately trying to profit off the situation by jumping on the bandwagon of popular opinion and increase visibility.”

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Dfinity founder takes aim at Ethereum’s complex layer-two solutions

Dfinity founder Dominic Williams has criticized Ethereum’s emerging ecosystem of layer-two solutions for exposing users to counterparty security risks.

Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience.

The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of second-layer scaling solutions, describing Ethereum as starting to resembling a ridiculously elaborate “Rube Goldberg machine” of “layer-two cloud applications.”

Williams asserted layer-twos cause points of friction for Ethereum users and exposes them to counterparty security vulnerabilities, emphasizing that more than half of Ethereum’s nodes are hosted by Amazon Web Services:

“A lot of these Proof of Stake networks today that people invest in are really just layer-two applications of cloud — we find that pretty disappointing. Blockchain shouldn’t be running on Amazon Web Services where they can steal the validator keys and do all sorts of bad stuff.”

Williams asserts that when a user accesses a blockchain through the cloud, “they have to download MetaMask from Amazon or something that lets them be tracked.” 

He sought to contrast this with Dfinity’s Internet Identity protocol that he claims “can’t track you” unlike MetaMask and many other services downloaded from an app store.

Dfinity’s founder emphasized the numerous friction-points and steep learning curve impacting the user experience on Ethereum, stating: “If you want mass adoption of blockchain, you can’t require people to install MetaMask and then have to buy some Ether from Coinbase — that’s ridiculous. People need to interact with blockchain without having tokens — tokens come later. That’s a really big problem.”

“On a traditional blockchain, you’re sort of fiddling around creating these transactions through MetaMask or something like that — that’s just not a good user experience."

Williams also took aim at Polkadot’s forthcoming sharded parachain ecosystem, likening its relay chain to a “centralized toll-fee hub” mediating between disparate blockchains. He also criticized its vision for sharding as failing to ensure “fungibility between smart contracts.” 

“DeFi is so successful on Ethereum [...] because these smart contracts exist in a seamless universe and they can all plug into each other — everybody can extend everybody else’s system,” he added.

Since its discreet mainnet launch in December 2020, Williams claims Dfinity has been poorly understood by the broader crypto community and the subject of rampant FUD on social media, lamenting that poor marketing from the project has done little to fix the situation.

Despite the purported FUD-storm, Williams asserts “the Internet Computer will have more users than all other blockchains combined by December of this year.”

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