Kyril Vlasenko
Telegram CEO Arrested: What If Telegram Gets Shut Down? And How Can You Protect Your Business
First, let’s do a quick recap:
- On August 24th, Telegram’s CEO, Pavel Durov, was arrested.
- Earlier today (August 28th), news arrived that Pavel was transferred to a French court to face possible charges.
- Just a few hours ago, Mr. Durov was formally charged with an array of crimes connected to illicit activity on the app.
- As of now, Telegram’s CEO has been released on a $5.5 million bail but must remain in the country—and if convicted, he could face up to 10 years in prison.
While it’s unclear what will happen next, It’s raised some concerns among users: what if Telegram were to get shut down?
For many in the Web3 community, Telegram isn’t just a messaging app; it’s where most of business happens. It’s where the connections are being made and deals are getting closed. So, what would it mean for those who rely on Telegram if something happens to it?
The Impact of Losing Telegram
If Telegram were to be shut down, the effects could be serious for all of us who use it for BD:
- Losing Contacts: In the Web3 space, your network is your most valuable asset. Losing contacts means losing the lifeblood of your business.
- Losing Chats: Chats are where opportunities arise and deals are getting closed. Losing your chats means losing critical business prospects.
How to Be Prepared
While we hope nothing happens to Telegram, it's wise to be prepared. Backing up your Telegram contacts and chats is a simple way to protect your important business information. If something unexpected does happen, having a backup ensures that you won't lose access to your critical data.
You can find more information on how to do this with our solution here. It's a practical step to ensure you're ready for whatever comes next.
Kyle Jacobs
What if you were incentivized to delegate your ARB?
I’d encourage you to review the Tally Delegate Board, and ask yourself a few questions:
- Who is delegating to these VIPs?
- Why is Onchain Participation so low amongst Top Delegates?
- What value are these Delegates providing to their Token Holders?
- Should protocols that provide more yield and utility for ARB attract greater representation in Governance?
- Are ARB delegators being complacent?
The value of ARB has declined, because the token is designed to be spent. The treasury has been experimenting through STIP and LTIPP, resulting in a depression of token value due to a combination of two factors:
- An excess of supply hitting the market.
- ARB holders are no longer willing to provide exit liquidity for the DAO.
Fortunately, innovation despises complacency.
Bryan Colligan
Governance Capture, Political Theatre, and the Next Great Crypto Experiment.
“Power in a democracy is held by those who manage public opinion.”
— Curtis Yarvin
Kyle Jacobs
If leveraging synthetic assets to boost yield inevitably leads toward liquidation, why not capture that yield, and direct it back into the asset?
Kyle Jacobs
TLDR:
If your treasury is holding USDC or USDT, you are being diluted by the Federal Reserve.
This article is about emissions being used to subsidize growth and operations within the US economic system, where USD holders are made to accept the losses of monetary expansion.