From a macro view, a "blockchain" is a collection of entities that all have a shared interest in perpetuating a decentralized organism.
The way that we currently understand blockchain best is some "computer nodes" or miners such as BTC or ETHEther – the native currency of the Ethereum blockchain. uses where they more or less take turns proposing "blocks" which give a snapshot of the truth at that exact moment in time.
When we zoom out, we can understand that this blockchain concept is actually the concept of life. As human organisms we are constantly "proposing blocks" through our words, actions or thoughts.
Specifically with ShibaThe ecosystem and movement, including SHIB, LEASH, and BONE tokens., we are not a computer blockchain per-say, we are just some Erc-20Token standard on Ethereum. SHIB and LEASH are ERC‑20 tokens. that lives on the EthereumThe blockchain that hosts SHIB and LEASH as ERC‑20 tokens. blockchain.
What happened in the last 24 hours to some may have been shocking — However looking at the macro view, we can consider this a monumental step forward for the Shiba ecosystem.
"Why"
When we launched SHIBA last year, the goal was to see if a perpetual decentralized organism could work with no central leadership. Part of this experiment was taking all of the LPLiquidity Provider tokens – representing a share of a Uniswap liquidity pool. and 50% of the supply and sending it to the WoofmeisterNickname for Vitalik Buterin (co‑founder of Ethereum). He received 50% of SHIB supply and later donated it to charity..
We even stated, that there is no greatness within an Achilles heel which is true and even shown in the art form of KintsugiJapanese art of repairing broken pottery with gold – embracing flaws as part of history. which embraces the inherent flaws in all things and attempts to mend broken pieces together, sealed with gold.
As Shiba achieved global recognition recently, The Woofmeister likely noticed that he was holding liquid literally half of the entire Shiba supply and decided to "propose a block" — he decided to remove his SHIB tokens and redistribute to a new source, namely the India Covid ReliefCharity fund set up by Vitalik Buterin, where he donated his SHIB holdings..
These were his keys, his tokens, and we all were aware this could happen and what he did is final and written in the META. He succeeded in removing himself as a node and redistributing the wealth to the charity of his choice. Good.
Where does this leave the Shiba Community.
It did not break us, it made us stronger and because of this we will be able to further distribute and decentralize the movement. Like the broken pottery mended and sealed with gold, we are better than we were before.
I would like to call this event as a powerful precursor for the upcoming launch of ShibaSwapDecentralized exchange built by the SHIBA community, launched in July 2021., which due to the power of the Shiba Army will become the primary decentralized exchange for the crypto community. Also know that ShibaSwap and the BONEGovernance token of the ShibaSwap ecosystem. Not yet released at the time of this writing. governance token (no it is not out yet, don't be fooled by scams) is just the beginning.
Hold tight frens, we are early.
Love, RyoshiAnonymous founder of SHIBA. Disappeared in 2021, leaving the project fully decentralized..