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Meeting Minutes
Contributor(s)
Created
Nov 16, 2021
Related to Open Positions DB (Property)
Last Touched
Nov 16, 2021
Workstream
Event Date
Description
Host Twitter spaces with guests to talk about Public Goods, take this opportunity to build mindshare on Gitcoin.
Sessions
1: with Griff Green
Notes (By QZ)
Participant screenshots
Alisha
Threshold is a shared humanity, if you can see the humanity in someone else you're qualified to participate.
Crazy how so many people in the space we connect easily through values and we find people that feel the same way about the world that we do. We have the tools too to make it happen now.
Griff Green
TEC is common stack's pilot project to build public goods focused economies.
Dream is to give people a template to use to create an economy to build public goods.
Stable solution that make it so people doing good work can be rewarded for it.
Become an engineering society, focused on education on how to do it.
At its core, public goods can't have a business model because there's no customers. (you need to exclude people to have customers).
In crypto you can issue currency and this process is non-rivalrous and non-excludable, participating in the network doesn't affect others.
The DAO itself is exclusive because you need tokens etc to participate in it but the DAO itself funds public goods. Previously was an ICO structure with a core team etc but this turned off the idea of tokens altogether. When started Giveth, initial design was that every charity will end up with a token. When you donate you get a token that represents support of that charity and it'll have its own token economy. Now tokens are more acceptable and environment of airdropping tokens and starting an economy without investment or needing profit.
To become a Schelling point - TEC wants to create an open platform to be a guiding voice for people in the token engineering space, how can we make an ethical token engineering design, a safe system that achieves the goals we want to achieve.
Create a repeatable pattern so people can spin up effectively what is a MolochDAO into a commons with its own economy.
Kevin Owocki
Public goods defined as non-excludable and non-rivalrous. Gitcoin's mission is to grow open source software and it fits the definition of public goods.
Value that open source developers can capture is practically zero. Our goal is to correct that assymetry.
As crypto systems are built we'll have ecosystems with its own governance and public goods. If you build economies that support public goods, it's interesting how they stack with each other.
Conway's Law - organisation will mirror its communications structure. We'll reinvent a lot of what we've done in the past for DAOs. Being a DAO that builds crypto ecosystems > use Gitcoin to build Gitcoin.
Scott
Positive externalities is a key part of how we define public goods.
Feels like there's a great energy around it. Most people weren't talking about public goods back in 2017 but many people now are recognising its importance.
There's now a major shift in perspective
Many ways to run a DAO. GitcoinDAO took the approach that scales immediately with workstream structures. There are functional things we're trying to achieve and we're figuring out ways to allow people to both create and propagate types of public goods. A lot of that work is making sure we can continue the quadratic funding model. The core idea is that this should be governed by the community eventually.
Lani
Reorient our culture from profit-centered motive to a culture of care and really honour everyone as essential and value their contributions.
Web3 and DAOs as an infinite garden, a mycelial network growing out and we're magnetising each other with common values and excitement.
Annika
Seeing first hand that traditional funding structures have, they're very rigid in how they fund companies. This notion of public goods and its nature is inconsistent with how we've been funding companies and projects historically.
Sid
Been in GitcoinDAO for only a few months, being new. Web3 lets you speedrun a lot of things. Started out with contributing to the Request for Public Goods. Find a place to contribute that suits your skillset.
Kris
Griff helped with getting through first project in Web3, warmth and openness was inspiring and that's how he discovered everything about public goods, doing comms for Giveth and started commons stack. Proving that blockchain can create more public goods. Working in this space gives me hope, and we need more hope in this world.
If you want to make DAOs function well, we should try not to reinvent everything but get people with the right skills in important roles in DAOs. Need people with good coordinator skills and good communicators and people that take care of people. Remote work flattens a lot of the communication so we need to focus on it to make things flow. We're at the foundational level of making things function well.
Not only onboard more people but also for people onboard and make sure they're thriving as a first step.
POAPthon(?)
How does a community take a good approach to fund tokenisation and make it a public good.
Start with learning about token design
Param parties in TEC, with a real design that is being configuring and in participating in these sessions you'll learn a lot on what to think about when deciding.
Governauts with research program.
DisruptionJoe
Make sure Gitcoin's mechanism is not gamed but the community is taking this beyond what any one individual can imagine. The idea that you can create an organisation to stream money to the community is coming up with ideas that were previously not considered.
As long as we can find models for sustainability and maintaining our legitimacy, the GTC token is an incentive, a catalyst to turn these incentives into people building a better world. As long as we have people hopeful that we can allocate resources better in this world we can participate in this. Or you can put your capital into GTC and the DAO will catalyse that into people taking actions into things better for everyone
Linh
Started in Gitcoin before knowing what Web3 was. Took a huge amount of trust to believe that I could do good in a space I didn't know. A lot of it has to be with the community and the space. Shocked that most people she meets in the space are just here to flip while she's here building public goods!
How do we make sure our tokens are being used right rather than speculation?
Griff - observed the space for an entire year, create a network of leaders that are value aligned. Make sure it wasn't just an open free for all, gave it to people who had ENS domains and Gitcoin went to people who use Gitcoin. Market price is just a whole bunch of people's opinion of the future value of the organisation. Added value to the space through education (Graviton training), created some tools that are useful. We haven't started coordinating around the token economy yet. Commons Stack hope to build a system where instead of donating you can support by participating in the token economy by saying I believe in the community and the value being created and you can be a part of it and even have some upside just by buying the token which is easier than to invest or donate.
Gary Sheng
Working with DreamDAO. Want to bring in more young people to learn web3 to do good in the world.
Gave an example of a student building a zero waste economy with its own currency but not using crypto yet. The more that people thinking about public goods know of each other and help each other to ramp up the ecosystem the better off we'll be.
This is a paradigm shift, we can just buy tokens and take part.
Fruitycup
How do we go about checking the system so it's reflecting the organisation design we're aiming for rather than the communication structure that might have gotten lost (on Conway's law)?
Kevin - tokens come out from the treasury rather than bank account. Will take awhile to transform from a SaaS marketplace to a DAO. Hope to eventually become someone with no formal power but just has some historical significance. Legitimacy come from different places in DAO than from companies. Companies is CEO, DAO is from first principles we do this or from stewards governance. Right now we're in between.
Joe - can take intentionality. resources in this system is the incentive, the tokens given out. communications structure is the information. we're trying to maximise the rate of that flow for both things. intentionality is like giving autonomy to squads, allow creative chaos to happen. we're experimenting with many mechanisms now, each squad can decide and try it out.
Fruitycup
UMA wants to help fund and create this DAO. Have zero experience making this happen but not many have any idea on how to build the structure of a DAO or even where to start. How should we start governance wise? haven't heard of NFT voting yet.
Griff - advice on how to start a DAO, its all about mission, vision, and values. doesn't matter what's the format of making but you need to make sure we know what we're trying to do. Have a constitution or a guiding document with legitimacy that people can rally behind, the decision-making processes are way less important.