Wednesday, October 4, 2023

ICP Founder Proposes Incentivization to End War

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The suggested solution to the Russian war proposed by ICP founder will cost probably $250 million. It also depends on the country’s internet not shut off.

Dfinity creator Dominic Williams has proposed a strategy to resolve the war in Ukraine as it takes on new dimensions. There is, however, a catch. It will cost at least $250 million and rely on Russia’s internet not being shut down.

On March 15, he made the suggestion public on his Medium page. Proposal to speed the end of attacks on Ukraine using smart contracts and $250 million in bitcoin and ether is the title of the document.  The idea focuses entirely on combating disinformation and propaganda among Russians.

Blockchain Tech Counters Misinformation

Most Russians, according to Williams, are unaware of the realities of the situation in Ukraine. As a result, informing them will encourage them to oppose the government and put pressure on it to terminate the conflict.

He warned against relying solely on sanctions to turn the Russian people against their government. It’s because they have complete control over their media. They faithfully disseminate carefully planned lies and misinformation.

The concept aims to leverage blockchain technology and smart contracts to provide Russians with accurate facts and information about the fight.

Smart Contract Inclusions

The smart contracts will authenticate Russian residents. They would then be able to watch videos reflecting the genuine status of the battle in virtual reality, which he refers to as “people parties.”

A $50 incentive will offer individuals who watch the videos, according to the founder of Internet Computer. If 5 million Russians attend, the total cost will be $250 million.

By ensuring that each participant may only see the movies once and receive the benefits, the smart contract will prevent any cheating. It will also generate a cryptocurrency account for each user that watches the movie successfully. After that, deposit $50 in BTC or ETH into the wallet.

Willians must have given the proposal a lot of thought. He also added that each viewer must watch the videos all the way through. Pins related to their accounts will only unlock after that. He also suggested that a non-watermarked version of the videos be made available for download and sharing.

Feasibility of the Plan

Many people have questioned the theory because it predicated on multiple “ifs”. The Russian government is allowing it to happen and is not shutting down their internet. Russia is allegedly intending to shut down the internet even though it has yet to declare it.

Others dismissed the plan as a cheap public relations gimmick that would fail and have no impact on Russian public opinion. Whatever one’s opinion, given the great likelihood of failure, it’s unlikely that anyone will try it.

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Rainy Naidoo
Rainy Naidoohttps://www.cryptoconstellation.com/
Rainy Naidoo is a writer for Cryptoconstellation. She has her Degree in Journalism and communications. Rainy Likes to spend her free time reading and exploring new places.
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