Original author:joelone.eth

Original source: Mirror

Original author:

Original source: Mirror

Compilation of the original text: The Way of the Metaverse

Wind blows

Seemingly overnight, a lot of crypto bigwigs on Twitter are feminizing. From the AC bigwigs behind Yearn and FTM, to the Bitcoin president in El Salvador, to the famous Sun Ge, what is the reason for these bigwigs to do this?

Nayib Bukele, President of El Salvador@ercwlAll of this seems to have something to do with a man named Eric Wall (

origin

) of the encryption bigwigs. I've collected bits and pieces of information from Twitter and the web, hoping to pick up more clues about the new movement.

origin

Eric Wall is the CIO of Arcane Assets, a Norwegian encryption company.

His articles on Medium are serious research reports and technical articles. An article "Proof-of-Stake is less wasteful" in 2019 was also commented by V God.

On the surface, he was stimulated by IreneDao and made public the plan he had been thinking about for two years on Twitter.

First, he changed his name from Eric to Erica, took Erica as the goddess, and founded SIMP (dog licking) DAO. (It is said that he is serious, and he will not regret losing a thousand followers)

first level title

Transformation from Eric to Erica

The moment I saw @0xIreneDao, I decided to present myself as Erica and actually show how to put things into practice step by step. I don't want to make a dime out of it. I myself will never sell a single ERICA token.

Token Economic Design

In the Web2.0 world, SIMP provides traffic and advertising revenue, and the goddess gains attention and fame (and a little money). But this incentive is almost entirely one-way.

And now, Goddess can set up a DAO. She doesn't even have to do anything but let her licking dog (SIMP) set everything up as she wishes. And they get a percentage of the DAO's total token supply. She can then keep delegating tasks without doing anything.

In fact, even if she doesn't have any ideas herself, she can commission SIMP to design a business strategy and roadmap, and plan what to do to become a media empire step by step.

So, why all these dog-lickers (SIMPs) doing all this work? Because they get paid in tokens (which, by the way, they themselves created for the goddess). And she gives token holders relevant privileges by assigning value to those tokens in various ways.

This kind of token theory does not work in the Defi world, and economic loss will lead to failure. But in the world of simps, they graciously accept financial attrition for the goddess.

ridiculous white paper
In the Bitcoin white paper, Satoshi Nakamoto solved the Byzantine Generals Problem. So you must be wondering what Web3_lord (EricaDAO intern) solved in the EricaDAO whitepaper.

Probably nothing -- Erica DAO doesn't want to do anything big in cutting-edge technology.

The Erica DAO token ($ERICA) is a worthless governance token with no intrinsic value.

Of course, Goddess Erica will send out some NFTs, only to her loyal followers.

• Securities Regulatory Issues

• The NFT issued by the goddess is not only a picture, but also the following privileges:

• You get a designated spot on her League of Legends team (she's a Twitch streamer).

• You can play multiplayer VR games with her in her guild

• You can be part of your close friends list on Instagram

You can add to your Snapchat friend list

The more work he does for his goddess, the more valuable the tokens and NFTs he accumulates become. If she becomes a star, he becomes rich. And they become business partners.

Token distribution

You see, these tokens and NFTs provide two-way incentives, but are not classified as securities, at least in a gray area.

Token distribution

Erica DAO is a proud DAO, and there is a proposal to distribute 5% of V God's tokens. Erica objected, saying that **$ERICA** was reserved for Erica's real lick dog. God V is currently not qualified, unless he sends a red heart to Goddess Erica.
The Big Dog Lick Theory

SimpDAO is the only reason Web3 has a chance to remain decentralized because these licking dogs (SIMPs) will fight for it.

And you DEGEN, only care about the output of mining, have no idea of ​​fighting for something at all. Only these real suckers (SIMPs) will fight for their platform.
demand
The founder of Erica DAO believes that all people are equal, whether they are ordinary people or DEGEN. But empirical studies have proven that people with IQs between 85-115 are opposed to innovation. Therefore, what Erica DAO is looking for is the licking dog (SIMP) on both sides of the distribution curve:
Licking Dogs Seeing the Same Vision (SIMP)

Lick the dog (SIMP) who believes in the art of decentralization.

We wholeheartedly invite all pepe the frogs, spammers, DEGENs to join the revolution.
promise
Eric is Bruce Wayne and Erica is his cat costume
As long as the crypto world needs Catwoman, he can wear it.

Erica will never leave forever

This is not the hero the crypto world should be, but it is the hero they need.

to be continued