WITHDRAWN(3/15/22) - Jake and Stake#4439
Date
‣
Detailed thoughts on how you would solve Contributor Alignment and Strategic Prioritization
As we've seen, the things that are important during a bull market may not be as important during a bear market. In general, we should be thinking long term about how to scale when BANK is at $5 and how to reward our contributors when BANK is at $0.05.
With respect to Contributor Alignment, I think it's important to give more voting power to the people who are actively adding value to the DAO and improving the value add for the people who give this DAO life. This means perks, compensation, and a more granular leveling system. I'm greatly in favor of Links' system outlined here: https://forum.bankless.community/t/an-idea-for-long-term-contributor-alignment/2734
With respect to strategic prioritization, I've outlined some preliminary thoughts in this post: https://forum.bankless.community/t/draft-1-an-optimistic-governance-structure-discussion-gc-governance/2718
In general, I think it's important to drive value to BANK. The best way to impact the world is through a strong BANK token. BANK is our Schelling point. BANK is how we raise funds and deploy projects. We should drive long-term value to it, and the best way to do that is to make a financially sustainable organization.
At the same time, I recognize the importance of delayed gratification (profits). Some of the highest value-add projects should not be profit driven in the short term. The focus should be on product market fit and growth.
Sponsor(s)
Hirokennelley; Siddhearta; Icedcool
Other obligations during Season
State of the DAOs Newsletter Coordinator
Writers Guild Governance Coordinator
Qualifications
- Writers Guild Governance Coordinator
- State of the DAOs Newsletter Lead
- Weekly Rollup contributor
- Writers Guild Staff Editor
- Level 2 Contributor
https://banklessdao.substack.com/p/state-of-the-daos-5-beginnings-of?s=w
https://banklessdao.substack.com/p/daos-are-superorganisms-state-of?s=w
https://banklessdao.substack.com/p/banklessdao-weekly-rollup-37-what?s=w
https://banklessdao.substack.com/p/getting-in-the-game-and-leveling?s=w
Reason for Applying
I want BanklessDAO to make it. My goal is to help everyone in the community find meaningful work and become wealthy in the process. But this is not a get rich quick scheme. It may take a while for us to reach escape velocity and prove to the world that our work is valuable and important, but we can become wildly successful.
During the last bear market, the teams and communities that continued to build became "overnight success" stories. I think we have a similar opportunity here at BanklessDAO. Let's reward the people who stay and continue to build during these turbulent times.
I want to solve the hard problems that BanklessDAO is facing. This means creating value through products & services and driving that value to BANK through tokenomics.