Al-Naji: DeSo raised 5,000 BTC via 44,000 automated transactions before incorporating
Nader Al-Naji · The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why. · Nov 3, 2021 · at 18:53
Nader Al-Naji explains DeSo's automated on-chain treasury mechanism used to capitalize the network without an initial corporate entity.
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“You know, that 5000 Bitcoin I mentioned all that money actually came in before there was any corporate entity set up to do anything. And so essentially the way it worked was the blockchain was running, and if you sent Bitcoin to this treasury wallet the blockchain would basically watch that treasury wallet and give you diesel coins when it saw that there was a deposit there to like a corresponding key. And so it was all automatic. And so there were over 44,000 purchases, and I don't even know 99% of like them who they are, because they could just send Bitcoin to that thing and they would get diesel coins on the diesel blockchain.”
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