Title: "Vitalik Buterin Mints ENS Domain 'dacc.eth', Namesake Meme Coin Surges Over 7 Times! What Exactly is the Concept of d/acc?"
Author: James, BlockTempo of Dynamic Trend
Vitalik Buterin, co-founder of Ethereum, once praised that Ethereum Name Service (ENS) is the most successful non-financial application in Ethereum. According to on-chain data, he suddenly minted a new ENS domain "dacc.eth" at 12:00 noon today and announced that he will discuss the concept of d/acc in X's audio space on August 22.
Image Source: app.ens.domains
Unexpectedly, according to DEX Screener data, the namesake meme coin E/ACC surged after the news, skyrocketing over 7 times within 15 minutes after the above-mentioned news, resulting in a market value of $5 million. However, it has since fallen back from its peak by over 63%, with the market value dropping to $1.91 million.
Image Source: DEX Screener
d/acc is a new concept proposed by Vitalik Buterin in November last year. Subsequently, the namesake meme coin d/acc emerged. However, in December last year, it was reported that the project party had abandoned operation, and the coin price approached zero. Although it surged today due to Vitalik, the official website has disappeared.
What is d/acc?
In November last year, Vitalik Buterin discussed his views on techno-optimism, AI risks, and how to avoid centralization in today's world in an article.
Vitalik Buterin believes that although technological progress has its risks, its benefits far outweigh the potential harm. People should not blindly pursue profits but should consciously choose the direction of technological development to ensure that technological progress can bring a better future for humanity.
Regarding how to resolve the contradiction between technological development and centralization, Vitalik Buterin proposed defensive accelerationism "d/acc," which has a significant difference in attitude towards technological development compared to the popular effective accelerationism "e/acc" in Silicon Valley:
e/acc: This term emerged after ChatGPT was born and has been widely circulated in the Silicon Valley startup community. This viewpoint emphasizes the enormous benefits of technological progress and desires to accelerate this trend to bring these benefits faster. Supporters of e/acc are usually dissatisfied with the conservative attitudes of existing regulatory agencies such as the FDA in drug and new technology reviews, believing that this delays the introduction of life-saving treatments.
d/acc: Emphasizes defense, decentralization, democracy, and differentiation, seeking to create and maintain a more democratic world and attempting to avoid centralization as the preferred solution to problems. d/acc advocates detailed risk management plans but aims to avoid excessive centralization of power.
Vitalik Buterin advocates establishing a "defense-first" worldview, believing that a defense-oriented world is a better world because it not only directly improves security and reduces conflicts but also makes healthy, open, and respectful forms of governance more easily flourish. In the article, he extended the meaning of "d" as follows:
"'D' can stand for Defense, Decentralization, Democracy, and Differential."
How do they differ in their views on AI threatening humanity?
d/acc holds a more cautious attitude towards the potential threat of AI, believing that centralization of power may lead to AI abuse. Therefore, it emphasizes decentralization and diverse participation, allowing more people to supervise and influence the development of AI. d/acc believes that through decentralized technology and open and transparent decision-making processes, the risk of AI being controlled by a few and used to harm humanity can be reduced.
e/acc is more optimistic about the potential threat of AI, believing that AI development is an inevitable trend. As long as development is accelerated, superintelligence can be achieved early to solve various challenges facing humanity. e/acc pays less attention to the potential risks of AI and tends to believe that technological progress will ultimately benefit humanity.
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