Friday to Sunday 2021-09-26
#Wyoming_DAO_LLC :
A few members attended the WyoHackathon Blockchain Stampede 2021 and a post referenced this - "I'm here in Wyoming to learn all I can about the Wyoming DAO LLC and related topics. If anyone has any questions I can try to get answers from the folks behind AmericanCryptoFed.". A number of suggestions in response and in case opportunity to raise such eventuated "over there".
#donates2eden :
The Block Producer "donates2eden" in position 47 when this recap is written, a paid standby BP. These words from the BP on Friday 24th:
- BP ""I’d like to propose to the community that we consider funneling the BP rewards to something directly as opposed to just sending them to the Eden treasury. The criteria for getting the B1 vote was based on the idea of 80% of the EOS earned going to fund this community. It doesn’t necessarily have to go into the treasury and be subjected to the 5% per month distribution limit. I’d personally like to see it go to something that can create a direct impact with the full force of the approximately 5400 EOS per month that will be coming to this community.
Thoughts?""
Discussions followed and here some of these and to make things clearer the words from BP so noted:
- "To prevent subjectiveness and allow for the eden consensus to help fund projects, I think donating to the Eden treasury is the best way to go."
- BP "I wasn’t suggesting anything be subjective. More like an exception for these funds as being exempt from the 5% per month restrictions and just let them be used in full every month toward something the community wants."
- BP "Reality is that my promise is to ensure that 80% is used to fund Eden community initiatives. It doesn't have to be included in the standard election process per se. B1 is voting for me because they want the funds to support Eden.
- "ideally the Eden process is somehow involved in directing those funds but I fully support the idea of not including these "earned" funds in the treasury for now."
- BP "Of course. I feel that's the most important element, "the Eden process is involved in directing those funds." i.e. we reach consensus in this community as to how we want them to be deployed."
- "Why not use this funds to pay the people who are running Eden?
Everything what is needed to run the BP, the proxies, the building of the holacracy framework, tools where the work from elected people can be saved for an easy take over for the next elected people, accountants/support for the elected people ... etc?"
- BP "This was supposed to be the plan from the beginning as soon as there was funding."
- "This community isn't going anywhere if we don't have a sound administrative structure, engaged leadership and proper incentives to employ people who are not subject to the whims of an election. I don't think anyone can argue with this. All communities need proper operations to scale and thrive."
- "Agreed... And I Think now there is the budget to appoint such members. We should put out official requests for these roles"
- "Yes, lets trust the process. I think at the current crossroads there is a broad agreement of the tasks needed to be done and the priorities. Once the elections is completed, im pretty sure things will move quickly."
- "The contract has the concept of "pools". Each pool can have a different % that it distributes monthly. The master pool, currently the only pool, is set to 5%. If so approved we could add a 100% pool." ""Contract behavior is bylaws""
- BP "Thank you for the information. This is good to know and would be perfect. I’d prefer to put everything through our system for obvious reasons."
- "We want steady funding and who knows how long #donates2eden will have the votes."
- "Thats the issue, we don't know if this income (based on B1 votes) will be predicable and stable for 20 months. This also adds another delay in putting the funds to work."
#Wyoming_DAO_LLC :
A few members attended the WyoHackathon Blockchain Stampede 2021 and a post referenced this - "I'm here in Wyoming to learn all I can about the Wyoming DAO LLC and related topics. If anyone has any questions I can try to get answers from the folks behind AmericanCryptoFed.". A number of suggestions in response and in case opportunity to raise such eventuated "over there".
#donates2eden :
The Block Producer "donates2eden" in position 47 when this recap is written, a paid standby BP. These words from the BP on Friday 24th:
- BP ""I’d like to propose to the community that we consider funneling the BP rewards to something directly as opposed to just sending them to the Eden treasury. The criteria for getting the B1 vote was based on the idea of 80% of the EOS earned going to fund this community. It doesn’t necessarily have to go into the treasury and be subjected to the 5% per month distribution limit. I’d personally like to see it go to something that can create a direct impact with the full force of the approximately 5400 EOS per month that will be coming to this community.
Thoughts?""
Discussions followed and here some of these and to make things clearer the words from BP so noted:
- "To prevent subjectiveness and allow for the eden consensus to help fund projects, I think donating to the Eden treasury is the best way to go."
- BP "I wasn’t suggesting anything be subjective. More like an exception for these funds as being exempt from the 5% per month restrictions and just let them be used in full every month toward something the community wants."
- BP "Reality is that my promise is to ensure that 80% is used to fund Eden community initiatives. It doesn't have to be included in the standard election process per se. B1 is voting for me because they want the funds to support Eden.
- "ideally the Eden process is somehow involved in directing those funds but I fully support the idea of not including these "earned" funds in the treasury for now."
- BP "Of course. I feel that's the most important element, "the Eden process is involved in directing those funds." i.e. we reach consensus in this community as to how we want them to be deployed."
- "Why not use this funds to pay the people who are running Eden?
Everything what is needed to run the BP, the proxies, the building of the holacracy framework, tools where the work from elected people can be saved for an easy take over for the next elected people, accountants/support for the elected people ... etc?"
- BP "This was supposed to be the plan from the beginning as soon as there was funding."
- "This community isn't going anywhere if we don't have a sound administrative structure, engaged leadership and proper incentives to employ people who are not subject to the whims of an election. I don't think anyone can argue with this. All communities need proper operations to scale and thrive."
- "Agreed... And I Think now there is the budget to appoint such members. We should put out official requests for these roles"
- "Yes, lets trust the process. I think at the current crossroads there is a broad agreement of the tasks needed to be done and the priorities. Once the elections is completed, im pretty sure things will move quickly."
- "The contract has the concept of "pools". Each pool can have a different % that it distributes monthly. The master pool, currently the only pool, is set to 5%. If so approved we could add a 100% pool." ""Contract behavior is bylaws""
- BP "Thank you for the information. This is good to know and would be perfect. I’d prefer to put everything through our system for obvious reasons."
- "We want steady funding and who knows how long #donates2eden will have the votes."
- "Thats the issue, we don't know if this income (based on B1 votes) will be predicable and stable for 20 months. This also adds another delay in putting the funds to work."
#Wyoming_DAO_LLC : Snippet of an initial post which contained links to research and structures. Here just a small sample of the same and discussion:
- M10 - : "I'm really not sure why we haven't simply incorporated a Wyoming DAO for Eden yet. it's really a very simple process and pretty cheap. The only difference between the DAO and a typical LLC is that the DAO requires an operating agreement that outlines how we reach consensus, etc. That can be i the form of a code repository or a written out procedural agreement. I've spoken directly with people from the Wyoming Secretary of State's office and others. they are eager to help anyone create a legal DAO."
- M6 - : "Dan says a dao is not a dao of it owns property"
- M11 - : " I disagree, its fair to point out that other assets within a dao are less safe than the native token, but by that logic none of the chains should have bridges, because that turns them into "smart companies". "
- M10 _ : "I prefer to think for myself. I respect his opinion obviously, but I have a different vision in this regard."
- M12 - : "This is def the case. Anything wrapped or pegged to another asset can't be forked because only one chain would have the backing."
#UX_Network_super_token : An interview with Daryn Soards of UX Network (Helios Spotlight) much discussed in positive atmosphere.
"Not sure if this the right place to ask, but what is everyone take on the concept of super token suggested by the UX Network?"
"Daryn is one of the best minds in the industry when it comes to economic modeling. 0rigin has done well over 100 models throughout the industry now. Most important though is that this community has lacked alignment of financial incentives since day 1 due to the open source nature of EOSIO."
""Daryn/0rigin has been a great value contributor and voice of reason in the EOS Yield+ working group as well""
#Chief_Delegates_Meet :
" Chief Delegate Meeting #20 - 4 Mar 2022 - EdenOnEOS
Topics of discussion: Personal Updates, API+, BP's, The Future of Eden
And more!
https://youtu.be/CQ45dzbs0A8 "
""... and the "hide non video participants" thing got us too.. so, there are times where mostly @jessethan and @ChrisBarnes1 are off camera, but still present.""
#Fractally : these snippets added as they also reference the CD meeting.
- " I agree that we may want to use this time leading up to the next election on April 9th to come up with a list things that need to happen (based on what the Chief Delegates have discussed in their recent meeting) for graduating Eden On EOS from it's current form into something more in the direction the Fractally process."
- ""[In reply] I agree that we might want to do this also. But there is at least one other reasonable direction for EdenonEOS to turn.""
= END =
- M10 - : "I'm really not sure why we haven't simply incorporated a Wyoming DAO for Eden yet. it's really a very simple process and pretty cheap. The only difference between the DAO and a typical LLC is that the DAO requires an operating agreement that outlines how we reach consensus, etc. That can be i the form of a code repository or a written out procedural agreement. I've spoken directly with people from the Wyoming Secretary of State's office and others. they are eager to help anyone create a legal DAO."
- M6 - : "Dan says a dao is not a dao of it owns property"
- M11 - : " I disagree, its fair to point out that other assets within a dao are less safe than the native token, but by that logic none of the chains should have bridges, because that turns them into "smart companies". "
- M10 _ : "I prefer to think for myself. I respect his opinion obviously, but I have a different vision in this regard."
- M12 - : "This is def the case. Anything wrapped or pegged to another asset can't be forked because only one chain would have the backing."
#UX_Network_super_token : An interview with Daryn Soards of UX Network (Helios Spotlight) much discussed in positive atmosphere.
"Not sure if this the right place to ask, but what is everyone take on the concept of super token suggested by the UX Network?"
"Daryn is one of the best minds in the industry when it comes to economic modeling. 0rigin has done well over 100 models throughout the industry now. Most important though is that this community has lacked alignment of financial incentives since day 1 due to the open source nature of EOSIO."
""Daryn/0rigin has been a great value contributor and voice of reason in the EOS Yield+ working group as well""
#Chief_Delegates_Meet :
" Chief Delegate Meeting #20 - 4 Mar 2022 - EdenOnEOS
Topics of discussion: Personal Updates, API+, BP's, The Future of Eden
And more!
https://youtu.be/CQ45dzbs0A8 "
""... and the "hide non video participants" thing got us too.. so, there are times where mostly @jessethan and @ChrisBarnes1 are off camera, but still present.""
#Fractally : these snippets added as they also reference the CD meeting.
- " I agree that we may want to use this time leading up to the next election on April 9th to come up with a list things that need to happen (based on what the Chief Delegates have discussed in their recent meeting) for graduating Eden On EOS from it's current form into something more in the direction the Fractally process."
- ""[In reply] I agree that we might want to do this also. But there is at least one other reasonable direction for EdenonEOS to turn.""
= END =
YouTube
Chief Delegate Meeting #20
Topics of discussion
Personal Updates
API+
BP's
The Future of Eden
And more!
Personal Updates
API+
BP's
The Future of Eden
And more!