The Meme coin of the same name soared 7 times. What exactly is the d/acc proposed by Vitalik?

Original title: V God minted the ENS domain name dacc.eth, and the meme coin of the same name soared more than 7 times! What is the concept of d/acc?

Original author: James, BlockTempo

Ethereum co-founder Vitalik Buterin once praised the Ethereum Domain Name Service ENS as the most successful non-financial application in Ethereum. Now, according to on-chain data, he suddenly minted a new ENS domain name dacc.eth at 12 noon today, and announced that he would discuss the concept of d/acc in X’s messaging space on August 22.

Image source: app.ens.domains

Unexpectedly, according to DEX Screener data, the meme coin E/ACC of the same name skyrocketed upon hearing the news, soaring more than 7 times within 15 minutes after the news came out, bringing its market value to 5 million US dollars. However, it has now fallen back by more than 63% from its high point, and its market value has fallen back to 1.91 million US dollars.

Image source: DEX Screener

d/acc is a new concept proposed by Vitalik Buterin in an article last November. Subsequently, the meme coin d/acc of the same name came into being. However, in December last year, it was reported that the project had abandoned operations and the coin price was close to zero. Although it has skyrocketed today due to Vitalik, the official website has disappeared.

What is d/acc?

Last November, Vitalik Buterin discussed his approach to techno-optimism, AI risks, and how to avoid centralization in today’s world.

Vitalik Buterin believes that although technological progress has its risks, its benefits far outweigh the harm it may cause. People should not just blindly pursue profits, but should consciously choose the direction of technological development to ensure that technological progress can bring a better future for mankind.

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 from the effective accelerationism e/acc popular in Silicon Valley:

1. e/acc: This term was coined by ChatGPT and has been widely circulated in the Silicon Valley startup circle. This view emphasizes the huge benefits of technological progress and is eager to accelerate this trend to bring these benefits faster. e/acc supporters are generally dissatisfied with the conservative attitude of existing regulatory agencies such as the FDA in the review of drugs and new technologies, believing that this delays the introduction of life-saving treatments.

2.d/acc: Emphasizing defense, decentralization, democracy, and differentiation, seeking to create and maintain a more democratic world, and trying to avoid centralization as the preferred method of solving problems. d/acc advocates detailed risk handling plans, but aims to avoid excessive concentration of power.

Vitalik Buterin advocates the establishment of 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 it easier for healthy, open, and freedom-respecting forms of governance to flourish. In his article, he extended the meaning of d as follows:

The “D” can be Defense, Decentralization, Democracy, and Differential.”

What are the differences in their views on the threat posed by AI to humanity?

d/acc is more cautious about the potential threats of AI, believing that the concentration of power may lead to the abuse of AI, so it emphasizes decentralization and diversified participation, so that more people can monitor and influence the development of AI. d/acc believes that through decentralized technology and an open and transparent decision-making process, the risk of AI being controlled by a few people and used to harm humanity can be reduced.

e/acc are more optimistic about the potential threats of AI, believing that the development of AI is an inevitable trend. As long as the development is accelerated, super intelligence can be achieved early and various challenges facing mankind can be solved. e/acc pay less attention to the risks that AI may bring, and are more inclined to believe that technological progress will ultimately benefit mankind.

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