Broadly speaking, I think more transparency is needed, which ultimately means the larger community will be able to provide oversight. That’s the vision for what a DAO is and it needs to move in that direction. But if you have any specific areas you want to dive into I’m happy to provide more thoughts.
3 Likes
No that’s perfect, I have identified three candidates who I feel will do excellent work for the many, and you are one of them. I wish you luck, feel you’ll do good, and can’t wait for some fresh blood, as I take nothing away from the work already completed but think we need new blood and fresh ideas etc.
Ty for the swift reply.
2 Likes
Would love to see the current DAO structure diagram in detail. How many people work at the DAO as administrators and how many people work as Special Council. Who are they and their accomplishments. I understand there administrators and special council members to assist the ApeCoin Foundation, but I could not find more detail than that.
2 Likes
a DAO could be viewed as a general partnership, exposing its members to personal liability for any of the DAO’s obligations or actions. Maybe this will answer your question as why some candidates hide their identities!
You can read more about DAO… the link below
1 Like
You are one of my favorite candidates, If you were elected and the ApeCoin community ask you this question:
What do you think if ApeCoin DAO should be a registered legal entity or not?
If your answer is “yes”, please explain why?
If your answer is ”no”, please explain why?
I would like you to think from tax implications and fund usage perspective as a legal entity or simply let it be as unregistered entity.
——
APE is an ERC-20 standard token that was launched on March 17th, 2022, and is the utility token of the ApeCoin DAO. The DAO is supported by a legal entity called the Ape Foundation, registered in the Cayman Islands.
I am assuming ApeCoin DAO is not a registered legal entity by itself. Please correct me if I am incorrect. I am asking this question because someone mentioned about ApeCoin under SEC radar.
2 Likes
Yes, we certainly need some sort of basic breakdown in one place [visual graphic] so everyone can see who does what, who they report to perhaps, and the entirety of services that come under the DAOs remit, as right now it is so hard to understand it all easily.
There also should be no instances imho where a DAO member cannot easily access this information and there should be no roles or responsibilities blurred/withheld/obfuscated.
3 Likes
Thanks @Apeancestor for the positive feedback. My answer is yes, but I should know it’s a philosophical “yes.” The reality right now is that it’s not truly possible to register a DAO as a legal entity. There have been positive moves in the space with states in the US exploring this (for example Wyoming) but this isn’t enough to consider a DAO a nationally recognized legal entity. State Lawmaker Explains Wyoming's Newly Passed DAO LLC Law - CoinDesk
But let’s fast-forward to a hopefully near-future where a DAO can effectively act as a corporation does, this is absolutely critical to legitimizing this form of social/business collectives. Just as an LLC in the United States can protect individual members, but still coordinate as a single entity, a DAO should be able to do the same. Until this murkiness is made more clear in all major markets, large DAOs will continue to run into challenges that impair their ability to grow.
Worth noting, I’m not a legal expert nor would I bring that particular skill set to the council. But I do believe I could help communicate this area of importance to the broader community with the help of individuals more versed in corporate law.
3 Likes
Hi @boredelon, I am asking all candidates these same questions:
-
If elected, what is the one item you feel passionate about and would like to see accomplished during your tenure within the DAO? (Let’s pretend you only had the time and energy to make a personal push for one item - what would it be?)
-
Are there any factors in your life that may limit your ability to serve? (conflicts of interest, time allocation, limited wifi bc you work from Starbucks… etc)
-
What is your least favorite thing right now with our DAO in it’s current state?
-
What is a Koda?
Thank you,
F/S
2 Likes
Thanks for the question @foxSlightly
-
Gaming, gaming, gaming. This is the easiest and most obvious path to widespread Apecoin adoption, and this is where most of my professional background was spent.
-
Being a Dad. But it’s fine I can type with one hand and hold a baby in the other.
-
Low participation that is largely driven by an overly complex system of engagement and underutilized communications channels. We need more humans here.
-
The question is not “What is a Koda?” But rather, “WHY is Koda?”
9 Likes
Would be great to explain the difference:
What is Koda? In a simple terminology, it is an imaginary character and your best friend!
Why is Koda? Well, because these little critters or creatures have so much magical powers and abilities that they will help you out, no matter what problems you have. 
3 Likes
I like that rationale. And from a macro perspective…why? Because the ecosystem needs to have magical creatures to protect a magical experience. Kodas represent that. Doesn’t matter what exactly they are.
3 Likes
By the way, these little creatures are very expensive to own. I tried to get just one Koda and spent $70K for buying 3 otherdeeds, and not enough luck to have a chance to even get one Koda! Anyhow, it was just fun things to do when collecting NFTs.
2 Likes
Reposting my perspective on Cartan’s involvement in the DAO. I think it’s important to understand where candidates stand on this subject.
Special Council elections will mark a very large transitional moment for the DAO. Lots of new opportunities, excitement, but also a steep learning curve. Candidates will certainly be able to lean on past experience, but no one is going to be able to completely hit the ground running as a representative of the DAO, nor be able to establish working groups and delegate tasks immediately.
I think people should remember that DAOs are still a very nascent organizational organism, and this one in particular is under quite a bit of scrutiny. To that point, continuity is EXTREMELY important, and I am of the opinion that Cartan Group should remain as a key stakeholder of Apecoin execution. And if the community believes it’s time to pivot away from Cartan serving in its role, we should have a bulletproof plan before making the change.
To steelman the criticism against Cartan Group, I believe there’s an opportunity for more transparency and reporting to help assure the community that the investment in Cartan is worth it, and as a means to improve how they serve the DAO (versus throwing the baby out with the bathwater). Communications like this note from @bc are a great example of what I’m sure many people would like to see more of.
5 Likes
I have to say I strongly disagree with the notion that candidates cannot hit the ground running and implement changes such as working groups and delegates, or that dismissing the intention itself comes off like candidates should instead relinquish themselves to the current status quo.
Community sentiment hasn’t been particularly positive around the first 6 months of action and while the large scale DAO size and scrutiny certainly play a factor, choosing the position that leaning into what hasn’t worked or hasn’t worked effectively in order to make those pieces stronger doesn’t seem like a very well rounded or ambitious approach. The Cartan group shouldn’t need oversight to maximize their contributions, and if the reality shows that they do, so be it; but as a candidate shouldn’t the goal be to bring your experience to the table for the sake of furthering the DAO in ways that others, including Cartan, cannot do or have not done?
I don’t disagree that making it an objective to improve upon the Cartan Group would be great for the DAO, but coupling that position with “no one is going to be able to completely hit the ground running…” is very defeatist and sacrifices ambition or eagerness for pragmatism.
3 Likes
Thanks for voicing your sentiment. Ultimately I think the SC is additive to a strong existing infrastructure. Not wanting to blow things up and completely changeover the structure of the DAO in a short span of time is not defeatist, but rather extremely pragmatic. As I stated in my position above, I’m not against the idea of removing or decreasing the responsibilities of existing vendors, but I do not think it should be done in the aggressive timeline that is being suggested by some. I think that is naive, and a recipe for causing significant damage to the DAO at worst, or significantly setting progress back at best. Respect that you and others may not agree and that’s fine. I wanted to be transparent about my position so people can have a more informed decision when they vote.
2 Likes
To me, gaming and NFTs make the most sense, as I’ve always dreamed of owning my digital assets in games I genuinely want to play. I’ve gotten to know BoredElon over the past year while working at a game studio, and I think he’d be someone who can help the DAO position itself properly in the gaming space.
3 Likes
I missed this question so wanted to go back and provide some thinking. I think every successful builder and company is a combination of product + distribution, with the latter often being an inhibitor to wonderful people and things who simply never hear about them.
One of my key goals, should I make it onto the council, is to develop an indie game development program that is funded and built around Apecoin. The technology available today to build quality games today has become extremely accessible. In the past, game makers have been restricted by publishers and platforms who gatekeep extremely talented people. I think this is rapidly changing with decentralized funding and crowdfunding, and because I believe gaming will be one of the most important growth verticals for Apecoin, I’d like to lead development of a program to discover, fund, and acquire attention for web3-friendly game makers. This will serve as a service to the overall web3 community, but more importantly for us, elevate Apecoin as a power player in the gaming space.
4 Likes
One of my key goals, should I make it onto the council, is to develop an indie game development program that is funded and built around Apecoin.
This is a great idea, and I’d love to be involved. In fact, I demand it, because I’ve been posting about exactly this for months in numerous threads. I have many resources/connections that could be extremely helpful.
Everything you said in this paragraph I’m a huge fan of. But here’s the bigger and more immediately relevant point. @bc said this in his letter:
At any point in time, any community member can write an AIP to form a working group, to form a sub-DAO, to ask for funding for a new tool, why is everyone always waiting for someone else to write these proposals. Why does an individual need to get elected to the Council to start writing these proposals?
And the part of your statement I have the problem with:
Why is it a key goal “if you make it onto the council”?
-
If you make it onto the Council, your time HAS to be spent researching the legal implications and risk managing ALL proposals. Whether you believe it or not, this is the primary concern of SC, because no one else besides Cartan has the ability to do this. Anybody can write an AIP for an indie game dev program. You can do that now, without an SC position, and because of your Twitter clout, it would at least have the visibility needed to pass.
-
Joining council guarantees the majority of your time will be spent with people who don’t need more attention, not with the up-and-coming builders who do. And again, BoredElonMusk already has the clout to get in touch with whomever he needs in crypto, so joining SC doesn’t give you any added reach. But the next-gen builders who could actually use your attention are stranded.
So we’ve got you spread too thin and focused away from the target audience. But the point that bears most repeating, and I don’t even agree with @bc on a majority of stuff:
Why does an individual need to get elected to the Council to start writing these proposals?
Council members should be full-time administrators doing the unsexy work of this, again from the open letter:
The Special Council exists to make sure that nothing can get to a vote unless it is properly researched for risk to the Ape Foundation.
Again, this is from the insider guy with access to all the info who is trusted by everyone, not the lowly Mutant with no backing behind his opinion. I’m just repeating Brandon’s words here. You wanna argue that point, argue with him, not me.
IMHO, BoredElonMusk’s talents better serve the DAO in the “C-suite” of ApeDAO’s Entertainment Working Group.
Maybe you could help me get people to understand how to fund efforts in highly speculative industries using yield, not principal — to use crypto’s unique properties to protect the DAO in an industry where 95% of stuff fails. @Feld agrees with this, but when I presented it in my Bluetail idea, it caused confusion because it wasn’t just a straightforward ask from a “trusted source” [read: influencer], I guess.
Perhaps you could get people to understand the good sense in building/buying a platform like Newgrounds and consistently bringing IP to the DAO instead of investing millions into single IPs and risking the same disastrous results that befell other “AAA teams” in crypto gaming — Star Atlas, Axie, Pegaxy, GFC, Aurory, Illuvium, Cryptoblades, Netvrk, Rebel Bots, Alien Worlds, Ember Sword, My Neighbor Alice, REVV, Sipher, (I could go on). Again, all I get when I present this idea is confusion or non-interest.
Your thoughts also have me hopeful that you might understand how a model like that could be mirrored in other entertainment — fashion, music, visual design — and make the larger community understand how to responsibly capitalize.
Maybe you’d also understand how this model could be used to connect the DAO to colleges and municipal governments to help the proliferation of $APE as well as its validation in accredited institutions. I have those connections, and I’d love if the DAO would stop starchasing (which leads nowhere) and get down to the business of connecting with web2 through the obvious open pathways.
Special Council isn’t the place to do that. It’s the Working Group that I can’t start on my own (I’ve tried). But as you’ve stated, it needs to be built.
For your consideration.
4 Likes
Are you still running your gaming company Bored Box? Can you tell us more about the company, your intentions for it’s future and how you will balance it if elected to SC?
2 Likes
It is a great game development idea! Will that be considered some sort of conflict of interest if you are SC and at the same time working on developing game either with or without ApeCoin DAO funding? I think it would be better if you wrote the AIP and submit to ApeCoin DAO for funding request.
In the future, I would suggest ApeCoin DAO provides GameFi developers with some form of partnership, so funding for the game development, projects like yours are very welcome!
I love your idea!
Ken
1 Like