Yat Siu
And how that started as a fungible token that can sort of spread more widely, that can be adopted in uh a larger part. And the way that I sometimes think of it is if you look at, for instance, in the US. Right. If Hollywood its proponents of culture and what that sort of spread influence to the world. In many ways, the US dollar is its currency. And it's probably not a perfect example, but it's sort of a way to think of it where Hollywood is part of the greater sort of US culture. Uh but the US itself is greater than just Hollywood right.
Yat Siu
So that's how we kind of see ApeCoin itself. And of course, in the way that we want to expand it, it means we need to be more inclusive. We need to think about sort of ways in which the Ape community could grow. And so everything that we think about is how does it benefit Ape as a whole rather than just one or another community, which is sometimes not an easy task. But the big part here also is that it's sort of at our disposal for the community is the uh foundation reserve. Right. And this is where the ARP proposal that I think has been discussed already to death in many cases comes into play, where members can make proposals and suggestions about how to grow this community. And that really is its biggest weapon. It has this huge grant capability where it is able to sort of support and build ecosystem or encourage others to build. So you don't have to seek grants. If you seek grants from the foundation, you can just build something yourself. Right. Um but if you want to, if you need support for something, if you need some kind of uh funding support, then come and make a proposal. And this is basically where the foundation grants come on behalf of everything that we hope to be able to support.
Herb.eth
Um i love that concept of uh bringing it into Hollywood and bringing in the fact of how does actually the transactions happen. And so maybe it's not just about the other side but this ecosystem of Ape a And so I'd love to know the model of the DAO, your involvement. I've heard you say that DAOs are really an Iterative model for democracy. And so that may be really wonderful to hear a little bit about that. And then we could hear from Maria, from Amy how the special counsel is made up. And then Alexis O'Hanian, thank you for joining us. It's great to see you.
Yat Siu
Great. Wonderful. Well, very quickly, one of the things that we find so exciting about DAOs um as a whole, and I think it's going to sort of presenting that as a great working model is that we think that generally the Democratic process can be iterated more faster with um the DAO because it's able to do that at the rate of technology.
Yat Siu
If you end up sort of iterating existing democracy in experimental fashion. It could have some pretty disastrous outcomes. If you're not careful, borrowers, I think with DAOs we have a little bit more leeway. We can experiment. And also it's community engagement at a very public level, but in a very powerful way. If you consider, for instance, just what sort of um resources Bitcoin uh has at its disposal. I think the one thing worth mentioning here, and I think this is often something where people can be critical of doubts. They're like, oh, but this is sort of a tyranny of the master people unable to sort of make decisions. Uh everything is by consensus. It's going to be too slow, blah, blah, blah. That stuff. Right. But the thing is what's powerful about sort um of the Democratic process broadly is it has a self correcting mechanism. It may take a little longer, we may need some patience. But uh at the end of the day, if you think long term, it's probably the best mechanism still today in which it can self correct things that may go wrong and go back or at least have the discussion. And I think the most powerful thing on this and the DAO is just the same, is that it's not our role as much to try to sort of lead in the a sense where we say this is how you should do it, just do it right, which is sort of the traditional sort of top down model, but rather our role is to help sort of educate people to a level where they understand why you do it. So, in other words, the role of a democracy is to bring the level of knowledge and education up to peer level so that we can all have a good sort of debate around this. The best defense of a functioning democracy is a high level of education. And in the case of Web three, we still need to educate a lot of people. People don't understand the space. What is it, DAO? How's the token work? Why don't I get this much? How does it benefit? We're early in the process, and it's all part of our duty to help bring people to the level. And the incentives are large, and therefore, we think a good reason to be educated as well.
Herb.eth
Thank you. Yeah. And Capetain Trippy and Matt, community members, Alisha, who's building out ENS DAO and Brandon from Cartan, are all people who are seeing this day to day. And so we're going to love to hear from them throughout this, Maaria. I'd love to get a sense of maybe communicating even why this call was brought together and bring a little bit about yourself as well, please.
maaria.eth
Yeah, absolutely. Hey, um everyone, I'm Maaria. I'm on special counsel and um I'm a Bored Ape, and I've been part of the community since almost the beginning, since April or May of last year. Um uh I think the reason for this call and the reason that we brought everyone together here today is just to provide more transparency and visibility into the process, because I think there's a lot of things that seem to happen sort of behind the scenes, and there isn't necessarily an easy Avenue or a way to communicate that with the entire community. And so part of the uh goal of this call was just bring more transparency and level set on sort of what the mission and vision is for the Ape Foundation and for Ape Coin, and then also to like I said to iterate on that process, because the DAO is only a few months old, we have the opportunity to be flexible and to innovate and to try new things. And so part of the reason why we brought invited Matt, Capetain Trippy, and Herb into this conversation uh was so that we could hear from the community and to make this a more holistic conversation where we can all sort of um iterate and work on this together.
Herb.eth
That's amazing. And I think part of the outcome is actually having some practical solutions in Amy, I think, has been really the forefront of really wanting uh to bring that to this conversation, really communicate, help the process, but also then have some tangible takeaways.
Amy Wu
Yeah. So I'm a person of action. And so one of the things that I'm really excited about here is actually thinking about our community as um a way to activate a lot of other teams that may not have actually previously had any interaction with Apecoin or the Bored Ape community to think about building on top of our ecosystem. So essentially like evangelizing builders into our ecosystem. And um one of the areas I'm Super excited to explore with folks here today is that we have something like over $3 billion of essentially like a Apecoin um token in the treasury um and a subset of that essentially for grants. And I think that there is so much that we as a community can do with this capital very much excited to brainstorm ideas today, like in around areas that might be quite valuable to actually build our ecosystem and then maybe even brainstorm ideas on how to um share information and light up other teams. I think every single person that's community here can play that role. We have kind of an individual basis as well. And so, yeah, looking um forward to discussing that with folks.
Herb.eth
Awesome. And Alexis, I know that you joined us, maybe just um shedding a little bit for the community. I know that most people will know who you are, but I'm really kind of um conveying a little bit of what you see for the DAO, and we're wanting to talk a little bit about where it's at right now as well.
AlexisOhanian7️⃣7️⃣6️⃣
Sure.
AlexisOhanian7️⃣7️⃣6️⃣
I mean, look, I probably best uh known for co founding Reddit, but I've been uh in the online uh community space since I was a kid, and these days spend my time investing at.
AlexisOhanian7️⃣7️⃣6️⃣
A venture fund I uh started called 776.
AlexisOhanian7️⃣7️⃣6️⃣
Don't mind my daughter in the background.
AlexisOhanian7️⃣7️⃣6️⃣
If you can hear.
AlexisOhanian7️⃣7️⃣6️⃣
But the big thing um is much like Reddit circa 2005, I had a basic idea of what online communities were capable of because like I said, these are um all echoes of forums and message boards and usenet , and all sorts of stuff. But we're in a similar state um where intellectually I can think of a few of the ways this DAO could go.
AlexisOhanian7️⃣7️⃣6️⃣
But.
AlexisOhanian7️⃣7️⃣6️⃣
What ultimately comes of it is really just going to be a factor of the energy and coordination and creativity of this community. And so I'm grateful to be a part of this advisory Council, like many.
AlexisOhanian7️⃣7️⃣6️⃣
of the folks up here.
AlexisOhanian7️⃣7️⃣6️⃣
But I also am very aware of the fact that we're stewards of a process that is bigger than us, and we're just trying to sort of help do our best to nudge things in a sustainable, long term great direction. But so much of the actual uh greatness that comes out of this DAO is going to come from the community. It's going to be stuff that just one room full of people could never possibly come up with. And I also love the fact that no one really has written the playbook for how these things should work. Even the most successful and prolific DAOs, and we've seen a range, even the most uh successful and effective ones still are very much like in the beta stages of what they're building. And I feel like I'm as much a student as a, quote unquote leader in this space because I'm just trying to pay attention to what all the.
AlexisOhanian7️⃣7️⃣6️⃣
Best builders are doing.
AlexisOhanian7️⃣7️⃣6️⃣
And I try to come at everything.
AlexisOhanian7️⃣7️⃣6️⃣
With uh a pretty open mind because that's how the best stuff is going to get built.
Herb.eth
Yeah. Thanks so much, Alexis. And actually, the backdrop of your daughter is amazing as like this sort of firm, like, we are building for the young people and those young people are going to be coming in. And so it's not lost on us for all the parents or all the people who are just staying up, who are making it here. Like, this is everything for us. And we can't really it's not lost on me and Alicia, who is building out one of those ecosystems. We'd love to hear a little bit about uh what you have experienced so far and maybe shed some light on what you perceive or what you could see being helpful for the Ape coin as well.
alisha.eth
Yeah. Hey, Heather. So I'm Alisha and I am helping build out the ENS Style, which launched in November last year. So we're coming up to about six months, and it's been really um interesting and something that I guess hearing Yatt talk about democracy and things like that and that kind of bigger picture of um what the vision is for DAOs, I think it's important to keep front of mind. But I guess in the reality of building a DAO, I would say in like the first twelve to 24 months is what I would call this beta stage for Dowels, just kind of like startups, I guess, if I have um to analogize being like an athlete, like being on the balls of your feet rather than being flat footed and acknowledging that you really um have to stay ready for anything to be ready to iterate as well as Dowels um maturing in this space, like DAO tooling is maturing even faster to the point where there are things that didn't um exist weeks ago. There are features that have been um shipped the day that will be built, the day that they're needed. And so this kind of stage that downs are in at the moment, I would say in 2022 requires people um who are really adaptive and open minded and really internalized what it means to iterate and experiment. And I think that is kind of like the most important thing. So with ENS, in December, we put forward a proposal to have a working group structure. And so basically the working group structure was uh based on our Constitution, which uh a lot of people signed when they claimed ENS. And just actually two or three days ago, I put up an amendment proposal to those working group rules, kind of reflecting on the last six months, and in six months, again, um I imagine that there will be more amendments. So I think it's this idea of starting somewhere, but I would say starting really boldly and then kind of committing to constantly iteration, experiment. I would say that in terms um of DAOs, I think it would be great to hear from members of the special counsel, just kind of digging more into what the intention is with. Um and basically the way that I look at it since any time in the last couple of months with Dowels, if you look at it as a spectrum, there are Dowels say, like make it at one end with a core unit model. And I think of dials um like that that do work and kind of like build the product or the protocol, whatever it is. And then at the other end, I think you have dials like unispot Abe synthetics, which are grant styles, and those are focused on having the community um come in, get grants to go and build, and kind of keep pushing um for adoption and growth and all these sorts of things. Ens at the moment kind of falls somewhere in uh the middle. And that's very intentional. But I think it's really exciting. I think that Matt is going to touch on some exciting developments, but we've also been thinking about it ENS specifically around um right now. And still I don't know.
maaria.eth
Really quickly, Alicia, I just want to ask one question, because you have so much great experience with ENS and you've um really been spearheading a lot of those DAO efforts. What have you seen is the biggest challenge that most DAOs have or uh the biggest fatal flaw that DAOs experience.
alisha.eth
Uh from what you've seen, maybe this is it, which is the timeline of people kind of interacting with the um DAO can be vastly different. And so the fact that we are in this beta stage means that there is an opportunity for people to be especially extractive and kind of make the most of this phase of, like, a DAO um finding its feet. And we talk about Treasuries with billions of dollars. It's um a huge financial incentive to be involved. And um I guess so there's, like, things like managing incentives, whether they are financial or kind of longterm aligned with community. And then I would just say the timelines that people are thinking on. So with ENS, I think about decades. I feel like I freak people out when um they say how long term I'm thinking about ENS is a protocol um and how long it needs to exist. And so in the space of six months, it's not a lot of time in terms of my timeline for the ENSl, but just, like balancing that um with the fact that the community needs to see progress. Everyone really wants to be involved. Bear markets and Bull markets are potentially very wild in crypto. And so just like, time is different here. So I think just managing the um different timelines that people are working on and trying to keep everyone happy, but also ultimately, my North Star personally, is uh to always build in the best interest of the protocol or the project, no matter what it is, um and kind of getting people to at least acknowledge that that's the direction you're heading and they think is difficult.
Herb.eth
Thank you, Alisha. And I think what's lost maybe on all of us is that you're one of the people who's actually been able to navigate sort of the really big holders, but also being able to navigate sort of like individual holders and really be able to understand the framework for that Dow. And so really being able to connect and collect all of that has, I think, been something that we're trying to understand. And I think Cartan Group is really um who has been doing that or who has been contracted um to do that currently.
bc.
I think just um to describe what Carte does and kind of go over our role. Um so we're sort of the very boring uh behind the scenes back office folks uh that manage bank accounts, manage custody accounts. We write a lot of analysis work and do a lot of research on all the proposals that come uh in. We monitor all the conversations that are happening. We don't really take a perspective on whether it's a good proposal or not. We maintain independence. And so everything kind of um looks great. We just needed to kind of conform um to a certain specification, and then we present that to the special counsel for uh their decision as to whether it wants to move forward into snapshot or go back uh for reclassification with some more questions. Uh most of that work is pretty quiet. Um i think it's an important role just to keep things going forward, but it's certainly not the star of the show. I would um definitely say that the special counsel are the stars of the show and uh make sure that anything uh that's coming forward is in the best interest of the community and for the community.
Herb.eth
Um thanks, Brandon. And so I'm sure that people have interacted within um Discourse and this is a good reminder. Discourse is the best location to have the communication around Ape DAO communication. And so if you're on the Ape Point website, there's a discussion at the very top. Uh if you click that, it takes you to Discourse and I actually just pinned to the very top. It should be coming in. It's just please leave your questions here. If you're in the audience currently and you have questions, you have concerns, this is 1 hour. And so we will um have an opportunity to think about this like a comments and questions or maybe like a parking lot where we can even address questions later. Whether that's a special counsel, um whether that's Cartan. We'll make our best effort to facilitate uh that. And I'm so excited to get to Matt on some of the iterations your experience going through, but also communicating on some of the things that you've seen other Dallas do.
Matt Galligan.eth (✉️,✉️)
Totally. Yeah. Thanks for having me. And thanks for letting me be up here and speak on behalf of the community. I've been a um owner since the Mint Minted Four immediately sold a solid uh gold ape for 1.18 within 24 hours because I thought it was an amazing return.
Herb.eth
Thankfully, you meant a gold ape.
Matt Galligan.eth (✉️,✉️)
Uh i did meant a gold ape.
Herb.eth
Sorry to hijack this, but Congratulations. We got to have a whole other space to talk about that.
Matt Galligan.eth (✉️,✉️)
Congratulations. And I sold it 24 hours later. So it's okay. Just holding on to my gun.
Herb.eth
Everybody knew we didn't always know where this is going. We didn't always know where this is going.
Matt Galligan.eth (✉️,✉️)
I rugged myself, man.
Matt Galligan.eth (✉️,✉️)
So I've been around um this scene for a little while. Uh i was excited uh when I saw Apecoin come along uh and the possibilities that it might have for gaming, um Metaverse, all those kinds of things. So when it all fired up um and the forum went live, uh it was fun um to kind of see a community uh being built up around this in a way that was not to say a district forum and things like that. But one of the things um that I felt was super important early on was I'm a bit familiar with some of these proposal processes, like the Ethereum improvement proposal process and Bitcoin improvement proposal, and really quickly seeing that much of what the Ape improvement proposal process uh was modeled after was those things. But it seemed like maybe the community maybe wasn't as familiar with it. And Discourse is um an amazing piece of software. It's super in depth, it's got crazy amounts of options, but it really has to be tuned just right to whatever community it's a part of. And so when um the improvement proposal process went live, literally, I think the next day I submitted one to reorganize the forum to something that I think would better fit the community, um help newcomers, um as well as organize the sort of efforts underway. Uh so seeing a proposal be able to move from idea to draft to invoicing and then something that's live and it resonated pretty well um and was awesome to see because then it went up a boat. And that is the form that you see today, just um everything that went into what we know now as AIP seven. So that was really fun. It was cool to see that part of the process. But what's crazy to me is as a part of that, I really discovered first hand that, hey, it's a non trivial amount of work to uh put something together that is robust and sort of explain the whole rationale behind why you want to do something. And I mean, I was just proposing that we move some form categories around.
Herb.eth
But it can be for anyone who hasn't been to discourse like you were saying, basically some minor improvements to make it more efficient in some ways, essentially.
Matt Galligan.eth (✉️,✉️)
Like imagine that discourse is just a bunch of folders and subfolders. And so it was about like, hey, why don't we put this one in this folder and why don't we open up a new folder and do it for that? And that was the gist. I think that what I've seen over the last couple of months has been uh some really great ideas, some that probably wouldn't take much to implement, some that would be extremely challenging to implement, um some that probably should take months of debate because its implications would be far reaching and very deep and challenging. And so the uh things that I want to kind of talk out there and for uh us to be thinking about as a community and as a doubt uh is that the process that we have today, is it working for everybody and is it something that we feel like is going to uh execute our greatest hopes and desires? Where I'm at with it is um I see some really big and meaty proposals, like the one from Immutable X about moving some things to moving a point to an L two or some activities to an L two. That's big, that's deep, that has huge implications. But as it is today, it has to abide by the exact same rules. And so in an idea mode, it's like seven days, and then you go to draft and it's like you get seven days and it just feels like the sort of bar the one has to reach um for the simplest of ideas to be the same as the bar for the most complex ideas and kind of held the same scrutiny and timeline of voting. I think there's room for improvement here. I don't think that um everything should be sort of set to the same exact standard. And so if the amount of work that I have to put in to propose some folder rearranging is the same as moving to a different chain. That's both bad for the um simplest of ideas, the ones that could be easily implemented, and it's bad for the ones that are hardest to implement because we might not be putting enough effort around the diligence required to know that that hard thing is going to pass muster. So I've got some ideas I'd love to kind of share with how we might accomplish this. But ultimately, we probably do need to start thinking about these proposals as different beasts. Some are going to be simple grants that would take like a day's worth of conversation back and forth to say, hey, yes, that looks great, and some are going to take months, and we should definitely um adjust our process accordingly.
maaria.eth
And that's a really good point, Matt, because I think that also helped frame out the special counsel thinks about how we kind of review proposals and processes. So something that maybe is smaller in size and scope or scale, we tend to let that go to the community, let the community decide, let the community vote on those proposals. But where it has a big impact, that's like where we tend to spend our time in our debate and our discussions is making sure that the high impacts, uh the things that are going to impact a point and a foundation the most is where we're spending our time and all the other proposals. The community can be a part of that process, but I think um we're best leveraged is on the high impact ideas um totally.
Matt Galligan.eth (✉️,✉️)
And frankly, that's all it should be, right? It's like if there's a simple little idea like let's not waste the time of the Council, but when there's something that could have long lasting and perhaps legal ramifications and things like that, it needs to take more time, have greater scrutiny, and have a much keener eye place towards uh it. Go ahead.
Yat Siu
Yes, I love that, because I think in some ways running a doubt, we can learn and draw experiences from how people uh operate public companies. And some of it is obviously bureaucratic, but its intention is to really protect the interests of the minorities and to make sure that everyone is informed. So in public companies, you have this concept of the extraordinary general meeting where you have to basically, if it's a major decision, you need to have sort of a waiting period. You have to send out the perspectives and really explain something. If it has a material impact, that then in this case, the shareholders voted on. And this is the same really here. If you think about it right, it's like if it's a material decision, if it has a major impact, then we have to make sure that everyone is fully informed before we even go for a vote. And so that process does take longer, not only the scrutiny, but also the voting process in and of itself is one that is a more time as opposed to you just have a week to decide because for instance. So I think it's a very good point. That's something I think we should really consider both on the faster decision making and also ones that are much more material.
Matt Galligan.eth (✉️,✉️)
Yeah. So I totally agree. I mean, these things that could be very simple. Uh we uh should find a better way to kind of fund those ideas as grants and not require this sort of onerous process to do. So I'm Super inspired by what's going on in Nounsdale right now, specifically with this thing called Prop House, and it's something that I would like to bring to Apcoin. And so probably in the next couple um of days or so, we'll put up an AIP that would be uh to explore something like Prop House. And so for the folks that might not be familiar here in the group, the idea is really simple, which is that Coin has a large treasury. We want to uh be able to fund projects that are going to promote a Coin or to help members of the community or just, I don't know, be really cool projects that could be beneficial to the Web three and crypto communities. And the way that it works is they run these sort of auctions and they're sort of a reverse auction and they say, hey, we're going to put up $200,000 for something. Ten projects are going to get it submit your projects, and whoever gets the most votes gets the grant. It's very simple. And what's cool about it is you can sort of scale up or scale down the funding, which might increase or uh decrease the scrutiny that you need to place towards a certain idea. And so for the purposes of Ape Coin, I think it has a really huge potential benefit in that so many projects um that probably don't require literally, it took me a month for my form restructuring to go from proposing it to draft to then vote. It's crazy, but something like that could have taken no time at all, um submitted, gotten funding if it needed to be funded and move on. And we can start kind of letting 1000 flowers Bloom. We can fund lots of projects that I might all contribute to the dial one way or another. And then for the projects that are going to take months and diligence, we can wait, we can hit pause and we can take our time while not sort of like inundating the community with just proposal after proposal after proposal that all have to meet this crazy standard. So I'll be excited to kind of bring this forward in the next few days.
maaria.eth
I also really like that idea because it also empowers individuals to participate in the um down, because my suspicion is in. My assumption is that there's a lot of folks who want to participate and want to build with a Coin, but they might be individuals, they might not have a company. And so they don't actually know how to or they feel intimidated uh by going through the AIP proposal process. And something that's a lot easier and more flexible and more efficient, where if we did something like um the nounced out sort of idea, it would make it more accessible.
maaria.eth
And so you could have actual individuals um from the community come in, participate, continue to build with a coin, and then for anything, a larger, more strategic idea, like moving to another chain or creating a marketplace, whatever it might be, um those need to be big operations where they need big teams around it in order to build and scale it. And so I think that suggestion, um it's a good way to delineate between individuals who want to contribute to the community and then uh actual companies that are sort of trying to build within the AP ecosystem.
bc.
And I guess I would just like to add to that. I think we at cartan put the same level uh of diligence on what you were saying, on anything and everything that comes back past our desk. So while the discourse thing would have been an easy fix, um borrow some testing internally to make sure it goes off without a hitch. But we did a very deep dive into Mg, um made sure he was a sound character and sound mine um probably didn't need to do that, but ultimately wrote a four page analysis report on the whole thing and went from there. So if we can streamline that, our team is 100% behind that idea. That frees us up to really do bigger, deep dives into a lot bigger projects so that we can pull out all the risks and all the ramifications, whether it's operational or treasury or financial, and then just highlight those pieces and uh let the other ideas uh kind of bubble up a lot faster and get into uh vote mode a lot quicker.
alisha.eth
I'm so excited uh that Matt brought up Nouns Propouse. I feel like prop house is one um of the greatest, most exciting innovations in governance in Web three. And I really, truly believe it has the potential to completely transform DAOs.
alisha.eth
Um i guess I'll just quickly talk through how um we surfaced. The amazingness that is the Nouns prop house. At ENS, we have four working groups. Each working group has a handful of stewards. So we have um palace from metaphor, who is a large delegate who came along to um public goods, called. And he kind of pictures the idea of building a prop house for ENS. And I'm really excited by the idea. And so basically he just um came to request funding to get a demo out of that from the stewards that basically got approved in one call. He then surfaced a post to the Forum for Transparency and is going about building that. And so that's kind of like the first step, which is the difference between navigating ENS through a smaller working group, as opposed to surfacing. Um even just getting that request to build a demo through a Darwide proposal process, which, um as was kind of talked about, can be really lengthy. Um so that's the first step. And I think that's also really important to kind of keep the momentum that builders have when they are struck by inspiration, when they have things. Kind of the flip side of having really long term time Horizons with Dowels um is that so much can change in such a short amount of time with the talent that we have in this space. So it's really important to um try to empower and enable builders as quickly as possible. And then when we're talking about rolling out our version of a prop House, it can be used by each of um the working groups. And basically the way that I see it is that we have a meta governance working group which deals with all of the governance issues for the Dowel. Um and all the large governance proposals would be kind of overseen by that working group. And then um primarily like ecosystem and public goods are grant giving working groups. And so they could have it's actually crazy if you sat down, you could literally just hold it a Twitter space where people just come up with different proposals for how to use the prop um house. But basically the different kind of subsets or communities within the eight community could each have a um different Prophouse, different kind of stakeholders within the community could each have a different prop house. You could be um so experimental and the threshold for getting over the bar can be um really low in terms of kind of a time perspective, or it can be really high. And so I think what's so amazing about Prop House is that this small grant giving kind of expedited process is really great. But I imagine actually that could also be used for really large brands as well. So I hope you can tell. I'm so excited um about it. And I think that the adoption or incorporation of it within the Bite coin DAO would be a huge 01:00 A.m..
Herb.eth
I wrong to think and just get excited about the idea of an ape tank.
alisha.eth
No, I think you nailed it. I think that sounds really great. Can you imagine you could literally just have a prop house where um you could almost raffle um out seats and people who are in different communities, um different holders of AIDS and things like that could be judges on a particular proposal in a given week or a month. And so I don't know, like I said, the design space is huge. Um i think we're going to have.
Herb.eth
Admin because she was on real Shark Tank. And so we'll say Shark Tank as featured on Shark Tank.
alisha.eth
I think on both sides of kind of the equation as well, which is builders and um the people coming to the DAO to request grants, but also the other side, which is like community, and the people who are able to get involved in that decision making process, which also is really empowering for community members to have a say and um to kind of participate in many different ways and find something that is sustainable.
Herb.eth
Amazing. And I honestly believe that if we are iterating like this, then the other side is a little bit of accountability. And Captain Trippy, I know that that's something we've talked about. I'd love to bring you in here and just even have those sort of questions we're having around this conversation.
CapΞtainTrippy.ETH 🍌🕯🥃
Yeah, absolutely. Herb, thank you for hosting this tonight. For those who don't know me, I am Captain Trippy, and today is actually the one year anniversary um of me purchasing happy Birthday.
Herb.eth
Happy birthday, Captain Trippy.
CapΞtainTrippy.ETH 🍌🕯🥃
Um so I was in the community before that, but that was a big event. So I'm excited to be here and love the discussion. Uh so far. Um we're short on time, so I won't um repeat what Matt has said, but I just wanted to Echo an agreement pretty much everything that he said. And then also um wanting to get um to a place where we're encouraging people to build with a $3 billion treasury. That's no small amount, um but the more we build, the more networks effects we have, um the more just the whole Ace coin dial treasury likely increases in value, which it's not all just about that. We want to build things. And I think there's something um there for encouraging people to build. And also us as a DAO, um getting to a place where it's okay for people to fail as well, and finding that balance of being good stewards with the money because we have to be good stewards of the money um and holding people accountable, but also doing things um that encourage innovation and pushing um things forward. I'm extremely excited about the DAO overall, being a um month in and looking at out of um the arc of time, if you will, and seeing um how long this thing can go. I expect this to continue on past my lifetime. And that's one of the things that got me into this space. Hearing Alexis's daughter in the background. I too often um have my kids hanging over me as I am um on spaces and doing things this time of day. And really, my kids um are what helped me get into the Metaverse and to where I am today in this space, watching them interact on uh different things. And so that's why we're here. I'd like for us to think long term and build a couple of points that I really want to bring up. One is trying to navigate the really big ideas and knowing. And this is a balance because we can't um see behind the curtain. And I don't think that anybody on the Bored sees behind the curtain of what you guys are doing. However, big ideas such as like, an eight marketplace, um finding that balance of like, do we need to submit an AIP and build this big marketplace, or is this something that you guys are already working on other big ideas, such as like an Ape chain. I um know it can be extremely controversial, but I think education can um go a long way on different reasons um why we might be on um a layer two or all these other things that are out there and what that means for blockchain gaming for our ecosystem, all those type things. And so there are some really big.
bc.
Ideas out there that I think there.
CapΞtainTrippy.ETH 🍌🕯🥃
Needs to be some further discussion, just overall education on for the community and maybe even that's something in an AIP where there's a certain amount that goes towards somebody building certain amounts of education for the space and that helps bring um in new people as well, educating them.
bc.
So those are some things.
maaria.eth
Um can I ask a question? What do you think is the um best forum or the best way to engage with the community on some of those educational pieces? Because ultimately I think we're all kind of aligned, that we want that to be the goal and discourse was intended to play that role where people can have those conversations, but it doesn't necessarily seem like that's really where people are going. So I would love to hear your thoughts on how better to communicate on some of those bigger ideas, like what platforms to use.
CapΞtainTrippy.ETH 🍌🕯🥃
Sure. Absolutely. Maria, thank you so much for bringing up that point. I think we're all dealing with just an overwhelming amount of inboxes in so many um different places. And I think for discourse, um I think it's another one. It's a new one for some, and it's just not a place that um you naturally are. So you have to think about going there. And so there's some really cool things that are happening in discourse. But is it worth a discussion on um Ape DAO having an official discord? And the reason why I say that is because I'm not in any of them yet. But it seems like there's been several. There are some different discords that are popped up. Um that's a place that most of us are already engaging. And so I don't know, um maybe it's like we have whether it's in spaces or in discord chat, somebody uh come in that's like um an expert with an L two and just kind of educate on different things that can um happen. But I think uh that there can be some more fluid discussion happening in other places Besides discourse um and then going to discourse for as it becomes more official and do those type of things, but a place for people to come together. And just like I shot ideas, so those are some of my ideas.
Matt Galligan.eth (✉️,✉️)
I just couldn't agree more on that. Um that's a solid, solid suggestion. I think that we can definitely learn from the DAOs that are already out there or the projects that are already out there. I think of uh Ethereum when I hear that uh and the fact that Ethereum improvement proposals all uh go through GitHub, but the discussion is sort of like sort of casual um conversation is all happening in this area called Ethereal Magicians, uh just another forum. And in our world, a Discord uh could certainly serve that purpose where, hey, we're going to put our suits uh on and write these proposals, and that all can go to Discourse. But if we can have uh sort of more lively, synchronous, lightweight um conversation in another place and work through a bunch of stuff that has a lot of benefits.
CapΞtainTrippy.ETH 🍌🕯🥃
Thank you, Matt. Yes, I absolutely agree with that, Marty. Is that kind of a direction that kind of some of the ideas you might be thinking?
maaria.eth
Uh yeah, that makes sense because it feels like Discourse isn't the right forum to have more synchronous conversations because it's just like the way uh that it's structured where you have to reply to different comments. And Discord is probably better for more fluid, more synchronous back and forth. And so I like that idea a lot.
Herb.eth
Um and Brandon from Cartan Group, is there a possibility to bring you in as a moderator, for example, to a Discord energy?
bc.
I think a lot of our communication rate slack versus email and slack being, oh, you got to respond or you have a free flowing conversation uh email. That's fine, I'm going to send an email. They don't have to get back to me right away. I kind of think of it like that with Discord and Discourse, where Discord, you can have these very lively, very free flowing conversations. You can pop in and out as you see fit. It's got a great mobile app. It's got a great desktop app. Uh so I think it definitely would improve the level of conversation. And then once an idea has been sufficiently explored and many people have talked about it, then someone can take the next step and put it into discourse for an official, hey, this is where we're going to this is it. This is our idea. Final commenting, final comments. Alisha. course, going back to MGS or Matt's earlier um point, if it's an easier proposal, we should be a bit more light touch on it. If it's a bigger proposal, then we obviously need to do a lot more due diligence and identify risks and legal implications and everything else. Uh so I love the idea. I think it flows great. We'd be happy to help moderate and steer. And the other thing that we do is we build a lot of uh analytics in the background to track how the community is growing. And I can tell you it is growing. Uh so that would just give us another data point to sort of aggregate this information um together and validate that we have a minimum viable community. And that minimum viable community is on a growth trajectory.
Herb.eth
I really love that. And so there are a combination of community led discords, and I think it's up to those of us. I started one early on with Wave and uh so on those of us to figure out um how to propose something together and to merge and to provide that. That's really exciting. I think leaving this meeting is something that we can do and really also being clear that discourse has its role and discord can be complementary to that. And then there's also Twitter and so we're trying to make the best of all of this. And so from Twitter I have a question from Chip Daddy. And so the question here is what is the big goal right now? This is more for the Bored or the special counsel. What is the big goal right now? Um how are the day to day processes? How many days, months or years is the Bored thinking in? For example, we'll start there and I pin this to the top of the space so you can all see it.
Yat Siu
So maybe I'll um start. But I think the rest of the board, obviously one thing is that we have weekly meetings that are organized to discuss the topic. Alisha. course we have a chat channel where we discuss in real time many of the activities and questions that come through. So there's daily activity there. So I would say that it's not a full time job, but it certainly sometimes could feel like it. I think for most of us the goal has put out just as a reminder again is really to further basically the mission of Apecoin, which is basically to expand web three culture. The main point here is to really deliver and create more adoption of uh BiteCoin as well as part um of the goal, whether we use this through Grand Foundation or whether we encourage people to develop on that. And to that point I think Captain Trippy was talking about sort of a forum to present ideas. Actually the highlight of this is another way also for a forum to present ideas that are currently adopting a conference and what they're using for and how it works. And people want to update because the vision here is to have a whole plethora of product services, games, uh meta versus whatever people are building out there, use Bitcoin in one form or another. So that's really the big mission here to sort of drive adoption and utility for a point at least from my perspective.
Herb.eth
Thank you so much for that. Yeah, we have another question.
maaria.eth
I also just want to comment on that. Just piggybacking off of that. And I think that there's different ways for the community to engage. Right. Um the only way isn't just through voting on AIP proposals. Right. Everyone who owns a Coin is actually like an owner of the Ape DAO and the Ape Foundation and the mission that we have. And so we uh can actually really be uh the evangelist and utilize show people how to utilize acquaintance. So for example, uh my firm found Ventures. We're working on a pop up shop um on Shopify for Father's Day. And one of the big things that I'm working on right now is how do we actually accept Ace Coin as one of the checkout methods. I'm not sure if people will actually use it, but the fact that you actually bring utility and usability to the Coin is one of the more important things. And so the more that the community can actually be evangelized to go out and start implementing um and deploying and using a point, I think the better. And so when we think about just the time horizon that we're thinking in, it's okay, how do we actually build infrastructure um tools that will drive the next ten years of a point of action? And so that's kind of the framework that I think added in.
Amy Wu
Yes, I completely agree with Mario around the time frame here is years right there's, day to day operations um in days and weeks. And we'll talk a little bit more about that because actually high for a couple of full time contributors um here. But in terms of inspiring evangelizing, attracting um some of the um best teams in Blockchain and outside of blockchain uh to build experiences and tooling utilizing our ecosystem and Coin and Token, I see that as kind of like one of the primary um responsibilities for this community. This community can be building, but we could definitely also be evangelizing. And I would argue that evangelizing um will actually increase our reach and so would absolutely recommend that. And Mario touched upon some of the types of experiences by things like others, including sort of um DAO tooling or NFC tooling or intersection tooling at the intersection between commerce and NFT usage, NFT Gating, all of these can be funded by our grant program. And that'd be um super exciting, like NFC marketplaces, et cetera. Um when I'm talking with teams um and I mentioned like, oh, have you considered applying for a grant with the AC point Dow? Um most of the time I'm hearing like they never even heard that was a possibility. And so um I guess in my mind that right now where we are stage wise, is evangelizing as a primary drive for our community. And for me, it's like super. Um and for a lot of us, that is really exciting.
Herb.eth
Thank you so much for that, Amy. And yeah, I think that you have something to say as well.
Herb.eth
I'M not sure if maybe we'll give you one more try yet, but we are closing down.
Yat Siu
Oh, um sorry. I wasn't sure what you were doing to me because I was sharing something earlier. I thought so just broadly, I think as we close down, I guess in closing thoughts here, first of all, I thought this was extremely valuable. And I know Maria has been really at the forefront of trying to help us push through these spaces on uh a very regular basis. So thank you, Maria. And the whole board, I think, for here the big takeaway, approving, efficiency, um segregating material things that maybe don't require the same level scrutiny versus the big um ones. I think that's a really good stop process and totally on Bored with that. And as a whole sort of excited about delivering and broadening sort of the use case for a coin. And um Amy mentioned the one piece about how the broad adoption doesn't necessarily even require just having a grant. That's one way to do it. But there's plenty of examples out there where companies have just adopted a coin and so doing and receiving a bite coin don't just receive a currency in which they can make money, maybe, but also they become a member of this community and they can actually choose to sort of vote on things or join the community and participate in that. So I think that's really powerful. Yeah.
Herb.eth
I think really early on in this conversation, the idea that this had started out with apes, but is much more inclusive than that. And so as we finalize this, if there's any last any last thoughts, Alicia? Captain Trippy, Matt? If not, no.
Matt Galligan.eth (✉️,✉️)
Um i would just encourage more ideas. There's billions to spend in this Dow. Like the community is responsible for it. Let's spend it. Let's get crazy. Let's find some really cool ideas. Let's put it out there. Let's get the community to chime in and let's find something that works for a buddy. Let's have ideas that fail. We shouldn't be shooting for the moon every time. We should be doing things that are interesting and crazy and fun and find ways to grow this community and to find new and interesting things to fund.
alisha.eth
Yeah. Uh i think when Matt was talking, it made me think of this idea of the map. It's not the territory, but I think that maps are really useful for just like creating boundaries um and containers for people to operate in. And so really thinking about maybe even just kind of knowing what you know. Now, based on the last couple of months, um if you had to start again with all of the knowledge that you had, what would you do? What are the important places on the map? How do people navigate it? How do people go from place to place, all these sorts um of things and then really just kind of going from there? Um but yeah, I think it's a really exciting time.
Amy Wu
One tactical um thing I'm going to surround to the community here is that with a treasury as large as ours, um we are inviting projects, teams, funds who would like to help us think about treasury diversification. And also, how do we do that um in conjunction with generating yield? How amazing would it be if we were able to actually give a number of grants out from the yield generated from our treasury? And so definitely, it's like an area that I'm Super interested in. I think we're starting to get some proposals um coming uh in to the AIP, um but we'll really welcome more ideas and proposals um to support with.
Herb.eth
That, Brandon um and Cartano are actually looking for some open roles. Brandon, can you share those with us?
bc.
So we're going to post some open roles, so we'd like to find some community officer head of community. Um we'd like to hire uh some communication specialists so that we can bring some calm in house and make sure that uh the narrative is consistent across the team. And we'd also like to we're also open to hiring some engineers so that we can build or at least support building some of these features in house or at least give support to teams as they start uh thinking about what they want to build. Uh which is kind of the last piece, which is we are also opening up office hours. So if people want to talk to um us, we are more than willing to jump on a call and help collaborate an idea. We have a bunch of engineers already uh if we need my background in software development. So if anybody needs some support or just uh somebody to bounce some ideas off, these office hours are perfect for that. So over the next week I think we will repost the actual job roles and uh we will open up office hours. But I think just anybody can reach out to me on discourse uh through a private message at any time. If they're struggling or they want some help or they just want to talk about something, I'm an open book. I don't mind talking. I love helping people. So by all means reach out.
Herb.eth
I have to say uh this too. I know everybody in the NFC community is afraid of branding because he has this regular human face on. But trust him, I'm willing to go there because I spent time with him. And I just want you to know that it's not what you're thinking. He does know the community, you guys. I promise you, Brandon does know up three. He does get an Ft. He's not this crazy outsider, I guess, just to speak.
bc.
I do own some FPS. I do separate my personalities from here's, my personal professional uh kind of personality. And then I also have a few other accounts that are like my pseudo anonymous accounts. I kind of follow Balajay's Law of hey, have a pseudo anonymous account, have a personal account. I mean, I've got to navigate both the uh traditional financial world and the nontraditional financial world. So I like to keep a bit of separation uh between those things and keep them private for the most part. But yes, you're absolutely correct. I do have some NFPs and everything.
Herb.eth
Else and any questions, comments that weren't addressed. I know that I have some uh DMs. It's actually really hard to go back and forth and try to moderate, but I promise you they will be addressed. And it's called the parking lot, but a combination of Twitter. If you tag me, it's a great opportunity. I'm going to be in Discord in the BYC club. And so I just wanted to finish by saying Happy birthday to Peepee man. And for anybody who is just having a great time and enjoying um the space with us and is wanting to contribute. Thank you so much. Thank you for all the special Council members for making time. Thank you for community members. It's just a big day all around and so super grateful if there's any last words. Now is a great time. Otherwise everybody go enjoy the rest of your day.
maaria.eth
See you all at apex.
CapΞtainTrippy.ETH 🍌🕯🥃
Absolutely. We'll be there.
Herb.eth
To make Tropo do something crazy.
maaria.eth
I'm going to submit an AIP to make Tropo do the limbo at April.
Matt Galligan.eth (✉️,✉️)
That's funny.
CapΞtainTrippy.ETH 🍌🕯🥃
That's funny.
Herb.eth
Have a good night.
CapΞtainTrippy.ETH 🍌🕯🥃
Yeah.
maaria.eth
Thanks, everyone.
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