We've completed our final rounds of testing and are proud to announce that poidh is fully live on Ethereum mainnet!
Transactions may cost a bit more than what many poidh users are used to, but we think it's a worthwhile trade-off for the security and immutability guarantees of mainnet.
Now, we've always prided ourselves on keeping poidh as simple to use as possible. Adding another chain wasn't a decision we made lightly. So, why did we make this change?
We are extremely proud to say that poidh now allows you to make bounties, crowdfund them, and claim them on the most robust, decentralized, and battle-tested smart contract platform on Earth.
From poidh’s initial launch almost 3 years ago, we’ve been clear that our goal is bigger than building another onchain task platform.
We believe open bounties create a new coordination primitive for the Internet: a way for people around the world to trustlessly fund shared goals, reward contributors, and organize around ideas without requiring centralized institutions.
But this open coordination system only works long-term if participants can trust that rewards, rules, and funding cannot be arbitrarily changed or censored.
While the chains that we operated on before (and will continue to operate on) serve admirably in terms of allowing the core product to function, they do make design tradeoffs in terms of trustlessness.
Degen Chain is a centralized L3 operated by Alchemy. Arbitrum and Base remain Stage 1 L2s with training wheels and centralization at key points in their stack.
If we wanted to stay true to our goal of offering a product that was maximally censorship-resistant, there was one option: Ethereum.
While we still expect that the majority of activity will happen on our lower-cost chains, we are excited about this new option being available for users who demand a truly decentralized experience.
And, based on current trends, we have good reason to believe that user base will grow.
Our mission isn't happening in a vacuum. The entire cryptocurrency industry appears to be at a fork in the road.
Many now believe we're here for finance technology alone. Tokenization and speculation are the prize, and blockchains merely a vehicle to allow the transactions to happen. You can find people with this mindset posting things like this.
If you ask 99 out of 100 people on the streets they'll agree as well
People care about better products. If decentralization happens to make the product better great, but if not, delete it
But others still believe in what the industry was founded on. They believe that blockchain technology has nothing special to offer if it isn't grounded in decentralization, and that we have a higher calling than upgrading how people gamble.
Ethereum, with their recent push for a prioritization of CROPS, is at the forefront of this movement.
We should not compromise on core properties: censorship resistance, open source, privacy,
We want Ethereum in the hands of the world. That will involve intermediaries. That’s exactly why the EF must defend CROPS, including at the application layer
That’s the work I’m excited to be focused on
However, while this new energy for rediscovering our purpose is welcome, it's nothing without action. Centralized finance and speculation apps continue to dominate the adoption landscape. The only way to prove that our principles matter is to create tech that surpasses corposlop adoption rates.
This means Ethereum needs apps like poidh, apps built from the ground-up to leverage the benefits of open-source, decentralized technology, not apologize for them. Apps built to increase human freedom and the design space for coordination. Apps that ask "what can you do with decentralized money that is impossible to do with fiat", then make it happen.
The success won't happen overnight, but it's inevitable if we continue to push in the right direction. The world needs this tech.
crypto is 10x discovery for human coordination masquerading as a financial tool
there's a reason why forming DAOs was one of our first instincts
we shouldn't ignore the real prize just because there was 10 years of easy money doing financial things instead
Throughout the month we'll be focused on promoting, discussing, and collaborating with the Ethereum community to showcase our new mainnet features. If you have an Ethereum-aligned goal that you would like to crowdfund with poidh, please reach out on X or Farcaster. We would love to chat more and find a way to help your initiative succeed.
To kick things off, we're launching a simple photo bounty contest of our own: Ethereum in the World 🌍 🌎 🌏
We want photos that show Ethereum culture, infrastructure, people, ideas, or energy appearing in the physical world. The best submission wins.
It's a small bounty to start ($25), but our goal is to rally contributions above $100 and to capture at least 50 unique IRL photos that showcase how people see Ethereum in their everyday life.
If you dig the mission and want to help, you can add mainnet ETH to the pot here: https://poidh.xyz/mainnet/bounty/5
No ETH to spare at the moment? You can still help by spreading the word by sharing this blog and our announcement posts on X and Farcaster. Or by uploading a cool pic of your own, of course!
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