BUIDL

So I just have a question regarding the ARTE switch.
So there was a token switch from V1 to V2. However there was a bug in the smart contract which prompted the devs to make another token(V3) which sorted out that bug, thus swapping and burning both the V1 and V2 tokens instead.
Isn't this exactly what any dev would do with an ERC20 token if there's a bug in the contract? Copy-paste the contract but with the bug ironed out, announce a token switch, make users swap the token with the updated tokens and burn the old ones? If not, what would be the process in a non-DFO application?

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in a non-DFO application the devs have to make a completely new smart contract to move to with a new address and the old one becomes useless

Well with sta something similar happened and they created two new tokens one with only the ability to sell and one that wasn’t a snapshot of the coins previous holders. That was a mess

you're correct, buidiots just ate something someone said long ago but it's completely false

but isn't that exactly what they did with ARTE? Making a completely new smart contract for V3? The addresses are completely different. I would assume that in ARTE's case, the supply issue would have been resolved without needing to migrate to a V3 token

>I would assume that in ARTE's case, the supply issue would have been resolved without needing to migrate to a V3 token
from how I've heard DFOs are supposed to work. Instead of having to create a new token, there would be a modification to the smart contract instead

notice how no one can refute it?

how fucking much trouble would setting up a new token switch, winning back your community after a fuck up like that, airdropping new tokens, discussing with exchanges, etc with a normal smart contract?

with this you pick and choose pieces of the original.

I believe they had to set up a new contract for v3 cause v1 and v2 had to be swapped for something new.

but neither ARTE nor BUIDL are traded on a CEX, so the issue of discussing with them regarding this didn't exist at that time.

yeah but im talking about for other erc 20 coins

might not matter for buidl and arte but there are thousands of erc 20 that could use this

way to pick out one piece of the argument, one tiny piece, that doesnt clash with your point of view retard

there was already a token swapped planned to move to a proper DFO governance token, so the token swap isn't an issue. Since buidl and arte were released before the beta platform launched they were basically just placeholders for the real governance tokens. because the swap was launched with the mistake, people had already swapped, therefore even if they changed staking logic, the people who already swapped would have 11x the coins they are supposed to. The interesting bit about all this is that not only did this prove that yes, DFO's do give the proper flexibility to deal with mistakes being passed through development, but that these proposals for everything INCLUDING the front end can be resolved on-chain, which is massive.

thanks, that makes much more sense.
I now remember that this "error"(I actually believe it was intentional) rather demostrated that this could be solved on-chain. The fix happened in a matter of hours I believe.
So if the error of early swappers(like me) wasn't related to the swapping ratio, this could have been solved without an additional swap?

the ARTE guys just modified their smart contract

need Twitter on this. everyone who is gonna get in on biz is already in at this point.

lol good luck getting normies on if we can’t even get biz to care

the dream’s dead. return to your cagies wagies

>t. eth fudder from 2015

>So if the error of early swappers(like me) wasn't related to the swapping ratio, this could have been solved without an additional swap?
it depends on what the mistake is I suppose. when arte was first launched, the rewards for publishing an NFT was 100 arte, they voted to change that to 1 arte, no token swap needed. I think the 11x bonus was too big of a fuckup to just patch over, the swap was the easiest solution, even a few people 11xing their investment and getting to dump would really fuck up the legitimacy of the project

Ohhh juliaaaannnooooooooo

kek $2.75 and dropping

this shits going back to 1 dollar

It was a deliberate fuck up by the team to show the world how DFO's can mitigate against these kind of fuck ups. Next Level marketing.

was 3.75 earlier today and that's post EDCON sell the news whales. This is going nothing but up.

keep chasing mooncoins

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH WTFWT?

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it dumping right you you fucking absolute mega giga hyper turbo extreme idiot, im gonna rape you if you continue to lie and give false hope to delusional people

I can’t wait to see you retards seethe in the coming weeks... stay poor

Yikes dude yikes

Tons of support at 2.70 moonboy faggot. I hope you lost a lot on this Just so that you can be priced out kek

screencaped, see you at one dollar, this weeks update was a nothingburger and it was supposed to be big, fuck off

Ight make sure to post the cap when we hit 5 faggot

Iykyk

this nigga aiming for less than a x2 (from this moment)
but you're gonna get wrecked for not taking profit now

Lol I’m a buyer since 25 cents

Get the fuck outta here. When did you buy?

Thanks just sold.
You really look out for our financial well being!

Go chase some fucking deflationary piece of shit and get dumped on. Get the fuck outta here fag

fucking retard do you know how to read? I said from this moment. It doesn't matter if you bought at 0.000000000000001, the fact of the matter is that from here on you're looking for a measly x2, when you could be getting x10s on other coins
im here to help

lol if you didn’t buy this dip

I know by holding this token, for like a month or two, will allow me to actually make it. I’m that confident in my stack

You can go chase your fucking scams m8. Good luck

nigga, this will do a x3 at MOST in two months
how is that better than x10

Don't be mad guys, I know don fudding is annoying when not many people are buying in right now, but they will be helpful in the next pump keeping retards out and creating more swing opportunities