Powered by OpenAIRE graph
Found an issue? Give us feedback
ZENODOarrow_drop_down
ZENODO
Report . 2026
License: CC BY
Data sources: Datacite
ZENODO
Report . 2026
License: CC BY
Data sources: Datacite
ZENODO
Report . 2026
License: CC BY
Data sources: Datacite
addClaim

Fool's Gold: The ZBCN Assay, Part 2

Authors: David Butler;

Fool's Gold: The ZBCN Assay, Part 2

Abstract

You do not need the ZBCN token to use Zebec's product, so the token's demand is manufactured, not required — and a buyback the company can switch off at will is a promise, not the technological necessity the word "required" is supposed to carry. You do not control your staked or deposited funds, because one ordinary private key can rewrite the programs that hold them. The DAO that supposedly governs all of this cannot: it is a token-weighted vote a single majority holder already controls, sitting over code no vote can bind. And you cannot audit the buyback treasury, because it sits off-chain at a custodian with no proof of who controls it. Four properties DeFi is supposed to guarantee — a load-bearing token, self-custody, real governance, and a public audit trail — are all absent. What remains is a company you are asked to trust.

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!