{"id":562655,"date":"2023-11-27T16:00:20","date_gmt":"2023-11-27T16:00:20","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=562655"},"modified":"2023-11-27T12:39:05","modified_gmt":"2023-11-27T12:39:05","slug":"cosmos-co-founders-controversial-proposal-triggers-11-plunge-in-atom","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/cosmos-atom\/cosmos-co-founders-controversial-proposal-triggers-11-plunge-in-atom\/","title":{"rendered":"Cosmos Co-Founder’s Controversial Proposal Triggers 11% Plunge In ATOM"},"content":{"rendered":"

In a bold move, Cosmos co-founder Jae Kwon has called<\/a> for a significant shift in the blockchain’s direction following the controversial passing of NWV #848. This proposal was approved by the community’s voting mechanism, earning around 40% of the votes, and it was aimed at changing the blockchain’s native token inflation rate.<\/p>\n

Related Reading: Cosmos (ATOM) Bears Dominate As Bulls Struggle To Drive Price<\/a><\/div>\n

Kwon, expressing his dissent, is now advocating for a coordinated “split” in the Cosmos ecosystem, a proposal that could reshape the blockchain’s future. This development comes in response to what Kwon perceives as “deviating from the network’s core principles.”<\/p>\n

“AtomOne” Split, Cosmos Co-Founder Urges Community Engagement<\/h2>\n

Kwon’s proposal, termed “AtomOne,” is not just a divergence but an exodus from the current state of Cosmos, encouraging community members who voted ‘No’ to join this new venture. The plan is still in its infancy and laid out in a GitHub repository, where Kwon invites community ideas and participation in shaping this new direction.<\/p>\n

He emphasizes a collaborative approach, urging the community to discuss and contribute to the formation of AtomOne.<\/p>\n

The essence of AtomOne lies in integrating $ATOM with $ATMO\/$ATOM1, aiming to prevent a “complete collapse of ATOM by mass selling.” Kwon suggests that instead of abandoning ATOM altogether, there should be a way for it to coexist with the new fork.<\/p>\n

Cosmos Community Faces a Crossroads: Exodus And Innovation<\/h2>\n

Kwon’s vision for AtomOne involves forking the current “cosmoshub4” but with its development path and teams, aiming for a more decentralized structure than the current Gaia. This new entity is open to all who opposed the recent vote, signaling a departure from the traditional paths of blockchain governance.<\/p>\n

Kwon highlights the power of the minority in blockchain ecosystems and the ability to self-organize and create antifragile structures.<\/p>\n

His message is clear: those who do not align with sound logic are destined to fail, and the future belongs to those who dare to exodus and build a better civilization. Kwon assures that this move isn’t about abandoning the original Cosmos hub but saving it and redefining its role.<\/p>\n

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People are completely confused about the nature of blockchains what power the NO\/NWV voters have altogether inside and outside the hub. The reality is that we exist, our principles and goals are aligned because they come from logic and we are about to demonstrate antifragility. The reality is that you cannot take control of a chain even with over 50% consensus, even 67%, because the minority can always self-organize even without your help. And the reality is that those who don’t make decisions based on sound logic always end up failing in the end.<\/span><\/div>\n<\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n

As the community gears up for this potential split, Kwon’s call for a departure to AtomOne reflects a pivotal moment in Cosmos’ history and a testament to blockchain governance’s dynamic and evolving nature. A conversation that will continue for “generations.”<\/p>\n

Related Reading: Cosmos Has A Grand Plan For 2024: Will It Crush Ethereum?<\/a><\/div>\n

As a result of the split proposal, ATOM has seen a spike in volatility, recording an 11% loss over the past few days. However, speculation is that the split will involve an airdrop poised to attract positive attention for the token.<\/p>\n

\"Cosmos
ATOM’s price records some losses on small timeframes. Source: ATOMUSDT on Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

In a bold move, Cosmos co-founder Jae Kwon has called for a significant shift in the blockchain’s direction following the controversial passing of NWV #848. This proposal was approved by the community’s voting mechanism, earning around 40% of the votes, and it was aimed at changing the blockchain’s native token inflation rate. Related Reading: Cosmos (ATOM) Bears Dominate As Bulls Struggle To Drive Price Kwon, expressing his dissent, is now advocating for a coordinated “split” in the Cosmos ecosystem, a proposal that could reshape the blockchain’s future. This development comes in response to what Kwon perceives as “deviating from the network’s core principles.” “AtomOne” Split, Cosmos Co-Founder Urges Community Engagement Kwon’s proposal, termed “AtomOne,” is not just a divergence but an exodus from the current state of Cosmos, encouraging community members who voted ‘No’ to join this new venture. The plan is still in its infancy and laid out in a GitHub repository, where Kwon invites community ideas and participation in shaping this new direction. He emphasizes a collaborative approach, urging the community to discuss and contribute to the formation of AtomOne. The essence of AtomOne lies in integrating $ATOM with $ATMO\/$ATOM1, aiming to prevent a “complete collapse of ATOM by mass selling.” Kwon suggests that instead of abandoning ATOM altogether, there should be a way for it to coexist with the new fork. Cosmos Community Faces a Crossroads: Exodus And Innovation Kwon’s vision for AtomOne involves forking the current “cosmoshub4” but with its development path and teams, aiming for a more decentralized structure than the current Gaia. This new entity is open to all who opposed the recent vote, signaling a departure from the traditional paths of blockchain governance. Kwon highlights the power of the minority in blockchain ecosystems and the ability to self-organize and create antifragile structures. His message is clear: those who do not align with sound logic are destined to fail, and the future belongs to those who dare to exodus and build a better civilization. Kwon assures that this move isn’t about abandoning the original Cosmos hub but saving it and redefining its role. People are completely confused about the nature of blockchains what power the NO\/NWV voters have altogether inside and outside the hub. The reality is that we exist, our principles and goals are aligned because they come from logic and we are about to demonstrate antifragility. The reality is that you cannot take control of a chain even with over 50% consensus, even 67%, because the minority can always self-organize even without your help. And the reality is that those who don’t make decisions based on sound logic always end up failing in the end. As the community gears up for this potential split, Kwon’s call for a departure to AtomOne reflects a pivotal moment in Cosmos’ history and a testament to blockchain governance’s dynamic and evolving nature. A conversation that will continue for “generations.” Related Reading: Cosmos Has A Grand Plan For 2024: Will It Crush Ethereum? As a result of the split proposal, ATOM has seen a spike in volatility, recording an 11% loss over the past few days. However, speculation is that the split will involve an airdrop poised to attract positive attention for the token. Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"author":535,"featured_media":562658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86886],"tags":[37576,86538,86887,90456,85372,37575,90455],"class_list":["post-562655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cosmos-atom","tag-atom","tag-atom-price","tag-atom-price-analysis","tag-atom-price-chart","tag-atomusdt","tag-cosmos","tag-cosmos-ecosystem"],"acf":[],"yoast_head":"\nCosmos Co-Founder's Proposal Triggers 11% Plunge In ATOM<\/title>\n<meta name=\"description\" content=\"Cosmos co-founder Jae Kwon has called for a significant shift in the blockchain's direction following the controversial passing of NWV #848.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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