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Space Summary
The Twitter Space discussion centralized on the vital roles and responsibilities within Decentralized Autonomous Organizations (DAOs). Emphasis was placed on the importance of founder participation, ensuring they stay actively involved without overshadowing other community members. Transparency and accountability emerged as crucial for trust and effective functionality within DAOs. Delegating tasks and fostering community engagement were highlighted as necessary for sustaining growth and achieving collective goals. The democratic decision-making process was championed for better acceptance of outcomes. Discussions also covered handling disagreements and navigating the complexities of decentralization with evolving leadership roles. The conversation underscored the communal value system, encouraging all members to contribute and stay committed to the shared mission.
Questions
Q: Should a founder remain involved in a DAO?
A: Yes, founders should be actively involved as they started the project and share the communal values.
Q: What is the communal value of a DAO?
A: It’s the shared ideology and the collective mission that all members, including the founder, believe in.
Q: What are the responsibilities of a founder in a DAO?
A: Responsibilities include guiding the project, maintaining communal values, and ensuring democratic processes.
Q: How can tasks be effectively managed in a DAO?
A: By delegating tasks, ensuring accountability, and fostering an involved community.
Q: Why is transparency important in a DAO?
A: Transparency ensures trust, accountability, and smooth functioning within the community.
Q: How should founders balance their visibility in a DAO?
A: Founders should lead by example without overshadowing or dominating other members.
Q: What is the significance of community engagement in a DAO?
A: It strengthens the mission, enhances decision-making, and ensures communal adherence to values.
Q: How does the role of the founder evolve in a DAO?
A: While they maintain influence, the founder becomes part of the community, sharing decision-making powers.
Q: What decision-making process is ideal for DAOs?
A: Democratic decision-making ensures all members have a say, leading to more robust and accepted outcomes.
Q: How should disagreements be handled in a DAO?
A: By embracing diverse opinions, discussing issues openly, and finding common ground within the communal value system.
Q: What keeps the DAOs sustainable in the long run?
A: Continuous community engagement, evolving leadership, transparent processes, and shared responsibilities.
Highlights
Time: 00:00:05
Overview of DAO Participation
Time: 00:02:16
Founder's Role in DAOs
Time: 00:05:30
Transparency and Accountability
Time: 00:08:20
Value of Community Engagement
Time: 00:11:30
Democratic Decision-Making
Time: 00:13:50
Delegating Tasks
Time: 00:16:15
Evolving Role of Founders
Time: 00:20:25
Handling Disagreements
Time: 00:23:40
Sustaining DAOs
Time: 00:26:04
Founder's Visibility
Time: 00:29:20
Conclusion and Next Steps
Key Takeaways
- Active participation in DAOs is essential for all members
- including founders.
- Founders should remain involved in DAOs as they initiated the project.
- Founders are valued for their ideology and communal values.
- Transparency and accountability are central tenets of DAOs.
- Delegate tasks to ensure sustainable growth in DAOs.
- Community engagement strengthens the DAO's mission and vision.
- Founders should balance visibility without overshadowing other members.
- A founder’s role evolves within a DAO without losing their influence.
- Embrace the communal approach even when there are differing opinions.
- DAOs require democratic decision-making for effective functionality.
- Founders must navigate the complexity of decentralization while steering the project.
Behind the Mic
So to kick things off though, Mark, I would love your browser extensions, your gamification, just a little bit of overview of some of these different apps. Can you explain that, how this works? Yeah, sure. But yeah, I can talk about a few different areas for sure. And I think to really set the frame for this, some of what you said is pretty high level. Can you hear me now? Yep, you're good. We can hear you. Sorry, my mic cut out there. Not my mic, my headphones, sorry. But I think to set the frame, also, when I think of web3, I think one of the major differences, and people say it all the time, you hear this kind of cliche almost about web3 is a digital ownership and how maybe that's one of the most interesting things that it unlocks. I think for me, it's a bit different, right? And some of what I think is really interesting about web3 is that it enables not just signaling to be the most effective and to be able to signal what you're interested in, what you're working on. I mean, I'm sure people do that on web2. I mean, people create fan fiction, for example, for movies that they're really interested in. Or they create fan wiki groups about the fantasy series that they're into. And some of what I think is really interesting about web3 is how that actually changes in materialistic ways. So the example for how is some of the voting systems that exist in web3. So one that we built early on is called snapshot. And the idea of using snapshot is essentially that you can kind of give feedback on chain, you can vote on chain. And in particular, when it comes to web3 organizations or DAOs, in particular, why does it sound so funny? When it comes to web3 organizations or DAOs, for example, and token voting in DAOs, and using multi-sig's multi-signature wallets, and so on and so forth. Some of what I think really starts to change in web3 is that, oh, did I get rugged? Did our host get rugged? I can't hear him. I can't hear Kenrick at all. Yeah, I don't hear Kenrick at all either. I actually can hear him. Oh, weird. OK, cool. I'm back. Can you hear me? Yeah. OK, great. Sorry, I realized I'd muted my mic. I don't actually remember muting my mic. But we can now we can hear you. Yeah, apologies. Apologies. OK, yeah. So Mark, continue, please. Oh, sure. So like, I think when it comes to web3 organizations and DAOs as a particular example, some of what's really interesting to me is just the amount of data when you're in these organizations. You know more about these organizations that exist in a cryptographic system and you can be doing this in a systolic. OK, guys, can you hear me? Mark, can you hear me? Yeah, I can. You sound a little far away from your mic though. Just FYI. Mark's filling in for what he's missing. OK, OK. Yeah, yeah. Sorry, sorry. He sounds a little far from his mic. I think he's walking around or something. But yeah, please continue. I'm sorry, I was muted. So yes, exactly what you're saying. What drew you first in, right? And what was this is kind of what you've stayed for, right? Web3? Yes, yes, exactly. I'm actually happy to repeat that again. So originally it was probably in the early days of Ethereum itself, like 2015, 2016. And this wasn't quite early enough. And I think the narrative at the time, which was incredibly interesting, was the idea of building these unstoppable protocols. And I think something else that, you know, yourself can do hard on or something, which is incredibly true for anyone, the state of, you know, Ethereum and all these defi projects and the early investments of, you know, as examples, all these different DAOs and the analytics of everything that, you know, like DeFi Llama and all these dashboards and aggregators come to existence and how it's so inspiring. Just to understand that and we, we like really farming and all the defi protocols we can provide to come to market and people do that and how we're still in wild, wild west and in web3. Larry, what drew you first in and what was this is kind of what you stayed for right web3 as well? What you love about web3 is people first as what drew you and now we talk about all the power structures. Can you elaborate more on that? Yeah, and actually it's such a small world in many ways. So for me, like originally I studied physics. It's kind of a running joke in the personal world of big names within the web3 space as well like Mark and Vitalik, you know, they wore a famous buff for their research. But what inspired me originally to study web3 in particular was this idea that we can decentralize and I think that's one of the most exciting things about the web3 space as well. Let's elaborate more like we human protocols if the validators get to vote democracy or fundamental idea like we a society can choose what's good, what's not. And what keeps you stay on this space thrive and inspire other people to stay longer. Mark, take it away. Yes, I think more of the user's aspect is decentralization how the structures need to be more transparent you know and learn protocols if the validators get to vote democracy or some fundamental idea like we human beings are trained from schools and social cues. To choose things what's good, what's bad, to eliminate what's terrible for the group and we can apply this thing to the community. Yeah, basically interesting individual ways. Sorry if I was confusing there but yeah web3 has some interesting flaws as well. Those flaws to build solid systems. I think people do get attracted and they move here for that. Tony, what's inspire you first get you to this spaceman? What you doing? Thanks for thanks for asking that. So for me was first when I saw what Mark and Lenny mentioned for when I first saw Dao's decentralized systems ticking with tokens like they could fully interact with decentralized world and then to start seeing some of those longer term applications that were built on the back of that. And I think one of mine first was being to stake people to your service like you can underwrite some of those. How like later on MakerDAO and not even their influence over markets and then they lend to all. Basically it's a nutshell for what I'm trying to say. You don't have to trust layers. Transparent structures. You elaborated earlier Larry and Mark and I still here and stay because of this not fully scoped right it's still wild west but the decentralized chain how we can use oracles Kai, our host I think he elaborated that as well like info layer. And that keeps I think everybody and will keep people here for longer and Kieran more like next gen entrepreneurs of the field. I want to add a little bit to that with some questions on that formulation. Gauri everything what keeps you motivated and driving to stay long term and enterprise. A few questions I got in mind right now. Go ahead, Lenny. Sorry. Say anything. It's OK. OK. OK cool. So basically I hear you. We can dive into DeFi probably further down maybe later today topics can decentralized system into rural area. Why they matter the most. There's a lot of unpack for that questions like standard I think is which probably should start how we look at now probably the most deeper question for validating and all the security layer in DeFi. Basically those are more on tech topic which I think today mark me and you low key we agreed to cover. Anyways yeah for your questions though. Like I think like people here fundamentally are using the legacy world refract something fundamentally of it towards web3. Exactly and most importantly the knowing all that space coming first at personal level or investing side you can first have frictionless all of it. You know basically you can use go chain or sub chains. Ethereum L2's interactions on wallet. Now Tributed DAO and Gnosis Safes they're all multichain I think more than tech deco systems but something what's it like to operating I can elaborate more on tech side later by developing apps on DeFi or launch them validator notes liquid staking under 2 minutes and basically can democratize monopoly money game everywhere right with DeFi protocol perspective. Those are yeah about more. I add some points Larry to what you said right like DAOs and what it's like to operating into safe environment it's the I think the term every every entrepreneur should eventually try or start their own validator notes what's what's more thrilling than running your own money structure. Something to proud of in DeFi defi anyways guys and that's it I love everything but mark finishing touch. Now Larry probably will take time topics up like something what's next chains validator or other token chains can enroll to other topics I'll add some points coming to our DeFi are next at blender topics. Sure happy safe and secure. Mark basically I feel eager to know more like access protocols DeFi changes under 2 mins how cool that's literally imagine you change and boom you in somewhere start lie and working on DeFi it's something you added like how many DeFi projects Larry's and earlier that aggregates million bucks value seamlessly people's fund how many layer x add funding to enthusiasts private address. What more cool to see those changes in wild less probably that'll take time to better protocols like still I think anchors three tap I mean three takes aggregate DAO by DeFi value 6-7 million fund 4 enterprise Dao exchange startup survival one under 2 mins. But I need like additional help to really secure layer like how you today said degen value or going Dao takes effort excited productive field. Thanks for sharing guys thanks for sharing insights today. One question if I may for Tony basically I'm sure many here eager to know still in DeFi we founded signals entire organization one justified take lot cipher time research aggregator how probably you add cool takes on recent success encryption for value maintain fluidity? Yea mark actually well said I don't know well I think it challenge keep bug how we validate build more intricate better chain I really work research aggregate better take secure findings and now building those is challenging fun things and how signals better aggregates fund unique field other better but long run for entire org our structure impressive for better fund Jason field challenged us secure those to what still though two tokens functional for voting more finite you switch fluidly consensus 36 long run yet initial ground solid aggregated Jason intense those unique perspective democratize Jason org Dao psuedo all the way like those tones waiting fluid signal fine tuned org. Math algorithm how now cryptography sound theoretical long run secure chains excited open new sounds so great long run AI me Ian as well mark like potential DAO discussing Kafka group started enthusiasts round table there's much to learn thrive. I can same our org planning if protocols keep update secure chains fun. Ian mark meanwhile I'll add project takes reason 3 cool in DAO ever validation decentralized secure data K medium later parts interesting topic verifiable fund gain all social wealth initiatives ideally cool layer generate mine tokens those noise key secure decentralized. Indeed interesting takes labour hard validate mark exactly Lenny house thank initiative perspective DAO Kuft tons effort yet I actually switch closer to wrap our topics Mark wrap through take elaborate asked length protocol replaced our newly validated sound fun ideas inspired today as well to. Motivated strengthen chains DeFi initiative both sure enough decentralized Jason interesting mark. Hey all I mean though respect deeper protocols how about you I keep validating project sound tokens Jason exactly harder secure signals all over validate brings referendum fundamental intense challenging topic share thanks all today indeed under cover perspectives expand scheme DeFi. Solid generate view interesting complex today spark session use cases learnt here Lenny Mark Ian Gershon secure feeling though Sunday Sunday goodnight enjoy productive projects. Exactly reward mark mentioned DeFi really time keep layers engaged that create real orgs enriching discuss through thanks all. Really covered thrills rendered solidly again keep your words I'll probably discuss prepping more DAO sounds. Topics reward expansive intense feel sounds pull. Thanks Lenny again for taking time all. So I'm trying just heard another AA junior Dev team literally noobs in web3 right though I'm I heard social talks I was just going to pick UNC yesterday I'm planning with all perspective changes so I was taking lost in gym guess bumped thought much thrilled share help them peers. Yo yes through UNC damn pumped no cool share as peers interesting all thanks Kenrick. Mark and little ADM Larry wow man so DAOs decrypted signals sound interesting secure chains. Lol still chill let know updates Kenrick alright left hope meanwhile rest week weekend yeh night peers. Alright thank same cool see all taking Mark and Tuesday next week shares yeh so alright thanks. Thanks all joining indeed catch Kenrick little question end. Just thought take validator system adding yours hearing Mark discussary nodes 2 mins interesting instant notes develop roll? Sure exact ever wander secure node simpler practical ops will perspective laugh fragmented fun entire better orgs validate cool learn eager. I second yeh laugh nodes hard feel sound fun Mark and thereby when nodes literally you I caught small take sound initially last podcast indeed discuss sounds practical secure. Shout again dev ADC takes concurrent weeks update solid feel. Thanks Larry thrilled mentioning project tired learn cool subsequent take share updates all orgs good feel thanks validating cool catch all Lenny georgian everything over wrap. Bye now alright. Thanks nod I see keep better projects orgs all cool exactly caught sound fragment rounds practical secure useful week validating sound. Sure eager all next share updates all subsequent see working take fun wrap solid sessions. Alright. George valid sound felt good securing week nodes validation layer practical wrapping see next all secure cheers evening. Bye Everyone catch hold Tuesday share progress validating secure practical yes. Please share update session all goodnight validating secure bye all see goodnight catch until. Share secure again goodnight yo Houdini lol later everyone. Take session brownie maybe next share bye. Goodnight all tons secure next week solid validating nodes.
