The $250 million proposal devised by the creator of ICP to aid in the resolution of Ukraine’s conflict
Williams’ idea focuses on using blockchain technology to combat misinformation and incentivise the Russian populace to stay informed about what is happening in Ukraine through cryptocurrency awards.
Dominic Williams, an inventor of Internet Computer (ICP) and DFINITY, has concocted an eccentric scheme to hasten the end of Russia’s invasion of Ukraine using smart contracts and $250 million in crypto awards.
DFINITY’s Internet Computer debuted in May 2021 as a public blockchain and protocol aimed at decentralising the internet.
Williams’ March 16 plan is aimed at fighting misinformation and educating the Russian populace — who he thinks is mostly “oblivious” to what is truly happening in Ukraine — about the truth of the war, which would then drive them on to persuade the government to end the violence.
“We should not expect sanctions alone to turn the Russian populace against their leaders, for the simple reason that they control their media, which faithfully pours out perfectly produced propaganda and incorrect information,” Williams said.
The concept argues that blockchain technology and smart contracts might be used to gather huge numbers of certified Russian citizens in virtual reality parties nicknamed “people parties” to view “educational media” about the war:
“Each participant who establishes their personhood via the people party method is subsequently recognised as an individual human being through smart contracts. The technique eliminates cheating by allowing a person to attend each run precisely once.”
“In this concept, smart contracts would create a new cryptocurrency account for each successful participant, which they would be able to access and manage using their Internet Identity,” the article said.
Williams recommends using crypto incentives such as Bitcoin (BTC) and Ether (ETH) to incentivise residents. Each Russian citizen would be obliged to view the video/s until the conclusion since the pin numbers associated with their accounts would not be unlocked until all material was consumed.
“The live video will expose the truth about Ukraine’s conflict and urge Russians to exert pressure on their government to halt hostilities. The ideal way to build such a video should be left to experienced filmmakers. A version that is not watermarked should be made accessible for download, enabling the receiver to share the film with others,” Williams added.
Willaims’ $250 million figure is based on his idea that each participant is paid $50 for each film seen, with the goal of enticing 5 million Russians to watch the educational videos.
The plan is contingent on a number of factors, the most critical of which is that the internet remains operational without interference from the Russian government in order to facilitate such a grand scheme. Twitter responses underlined the fact that Moscow authorities are apparently considering cutting the nation off from online.
Other Twitter users, such as “Omega.ic3,” blasted the action as a public relations stunt: “There is no way this notion would have any genuine possibility of influencing Russian public opinion.” As a result, it seems to be a cheap PR stunt aimed at capitalising on the crisis by hopping on the bandwagon of public opinion and increasing prominence.”
Also Read: Ukraine’s President Zelenskyy Signs A Law Regulating Crypto
Wallets