Clinamenic
Binary & Tweed
Talk about white glove!
COINBASE for Crypto has come
WashYourHands
Cat Malogen
Clinamenic
Binary & Tweed
Honestly I wouldn't be surprised if someone launched a token with a name comprised of that particular combination of buzz roots.
toko
Well-known member
how you been doing @Clinamenic. the negative speculative sentiment has been a breathe of fresh air for me. the dreaded doomsday event is occurring, (fed tightening) and now all the rats are jumping ship. the space has become more tolerable. i may even decide to become involved in some DAO's as you seem to be. I just need to figure my housing situation out in LA. no income but high 6 figure networth has me scratching my head as to what i can afford.
Leo
Well-known member
most landlords are old school, they do credit checks and request pay stubs. "net worth" counts but doubt it's a deciding factor, since it can disappear in a flash. you could probably sway a hesitant landlord by offering to do a little liquidating and paying six or 12 months rent upfront.
@IdleRich, you're a landlord, right? would you rent to someone with no income but who claims "high 6 figure net worth"?
Clinamenic
Binary & Tweed
Very busy with DAOs actually, the business models need to be built, so I'm just being compensated in equity and professional capital. Core biz dev for PubDAO, the decentralized written-content-as-a-service DAO started by the team at Decrypt. We're actually lined up to have a functioning business model before any of our tokens launch, so hopefully we can succeed there.
And I'm a community lead in Lobby3, the lobbying consultation DAO founded by Andrew Yang, but that one is less about building a revenue model so far.
If you're interested in writing any web3-related content, PubDAO is being built to connect writers with clients who are looking to source written content as a service, either via monthly retain pod built around a "private pod" of writers/editors, or also just one-off "bounties" for written content.
It's cool because we actually have a chance to design a whole token system. I'm thinking we have anon-transferable refundable non-fungible ERC1155 "membership pass" that contributors are whitelisted to receive (or maybe buy) after they complete an onboarding process. Possession of this ERC1155 may be required to actually vote with the ERC20 governance token, which would naturally have secondary markets. Butt he idea is to prevent speculators from squatting on governance power, like many of the VCs in the space. IE one would need to go through the onboarding process and get the ERC1155 for the ERC20 to have any utility. Because the ERC1155 would be non-transferable, it would allow us to screen people before they acquire governance power.
We may also involve ERC721 credentials that can be "composed" into the ERC1155, so that the pass will be not only non-fungible and refundable and non-transferable, but also composable haha.
Clinamenic
Binary & Tweed
For Lobby3, we are presently instituting our governance system. It's what I've called "fluid bureaucracy" and the idea is to establish bureaucratic positions/offices with built-in sunsets, to prevent an office from outliving its added value. We just finalized the Team Proposal template, where we include details about a proposed organizational unit and what its purpose is, so that it may dissolve upon the completion of this purpose. I may also endorse this model for PubDAO too.
Clinamenic
Binary & Tweed
And very true about your first point! The "wen token" energy has waned significantly, which has been refreshing haha.
Clinamenic
Binary & Tweed
My love for spreadsheets is well-documented here, but more recently I've found out that google forms can feed into spreadsheets. Needless to say, I'm having fun.
Clinamenic
Binary & Tweed
I get to create forms and name them things like "Client Inquiry Form" and "Onboarding Registry Form" it's wonderful.
toko
Well-known member
exciting stuff. It's good that you guys are thinking about business model before tokens. if I may ask, do you guys have a basic idea or principle by which the erc20 would be distributed? traditional web3 model is that participation and value add would be rewarded with equity in the network. in effect, writers eventually have an active and dynamic stake in the network depending on how much they contribute.
yeah. I figure I would pay a large lump sum upfront. My wealth isn't really tied up in anything too illquid so it wouldn't be too much of a problem.
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toko
Well-known member
Of course, the web3 ideal is that it involves a certain rate of inflation of the governance token. inflation of governance token is necessary both for growth and normative reasons but it can also make it a less attractive investment. If we assume that networks need some nominal amount of capital to bootstrap it's growth and success, inflation of the token must then be limited to some degree. On the other hand, some minimum amount of inflation *is* necessary - users are much less likely to join and actually participate (not speculate) in a network with little to no inflation because then
A) older participants would hold asymmetrical power over new participants in the network. This constitutes a normative concern as well.
B) they won't be as financially rewarded when participating in the network. (This only really matters in the world of web3 where participation -> equity is the norm. On web2 content networks ~(participation -> equity).
It's a really tricky problem and it becomes all the more relevant when speculative appetite wanes and partipitation is no longer subsidized by speculative capital. What I write here is nothing new of course, but it has been hidden away by the aforementioned speculative mania of the past year or so. Now the hard design questions must be answered and only the most sustainable models will survive.
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Clinamenic
Binary & Tweed
Yeah the initial ERC20 tokens will be paid out to those writers/contributors who have completed bounties during Season 0, along with biz devs like me. Then, we'd figure out ways to keep getting the ERC20 token in the hands of the community, to keep things decentralized (which ostensibly also helps us avoid our token qualifying as a security).
I'd still like to talk with some of the developers involved, about how to eventually limit the voting utility of the ERC20 to those wallets that will have the ERC1155 membership pass (assuming we go with ERC1155. I'd really rather not have any more VCs involved, beyond those that Decrypt dealt with to raise some funds for PubDAO - and I don't yet have full insight into these details.
IdleRich
IdleRich
I would but I'm very trusting. I didn't do any credit checks or anything on the last guy who moved in, didn't even ask if he had a job. All of the people who have moved in while I've been managing it have been friends of friends at least - apparently this latest guy I've met but I don't remember hm at all - which means that I'm more disposed to trust them I suppose. This could of course come back and bite me in the arse one day. Anyone who wnats to move in comes and looks around the flat and meets the other tenants, I let them have a veto - ie I won't impose someone they don't like, and, if the tenants are happy and the prospective tenant is also happy then they are in as long as they pay a month and a month's rent as deposit.
This latest guy offered to pay the first three months in advance in fact, so he seemed like a good bet.
Pandiculate
Well-known member
anyone have any thoughts on Web5?
Perfectly normal behaviour
watcher.guru
Celsius moved $320m to FTX before halting user withdrawals, transfers
Celsius NEtwork (CEL) moved $320 million worth of liquidity to FTX exchange after pausing withdrawals to its users.
watcher.guru
It's weird that they think the biggest selling points is transferring playlists from one streaming app to another when alphr already exists, and that travel aggregators need improvement when most of us are perfectly capable of just using a couple of apps or opening emails anyway
There's certainly benefits for creators and ownership in the theory of it but it requires mass adoption and the end of the central platform model. To be honest i dont think most people have enough time on their hands to invest in the concept that theyre putting forward. A niche, certainly, but who can actually be arsed