For a team building tools for DAOs, finally being able to transition to a DAO model should be the happiest day ever. It’s the day you can finally apply all your knowledge into building what motivates you the most, which in this case is DAOs.
Also as I stated before, the committee isn’t doing its job properly, and that was one of the motives behind this proposal: a well structured AN DAO can do a better job at high-level decisions than the AA committee is currently doing.
To first contextualize my reply. I do think that going the DAO route makes a lot of sense for this project. At the same time, I’ve worked in enough places to know that what really matters in the end is the people doing the work, and if we don’t care about them, most certainly no good outcomes will come from a team, regardless of their organizational arrangement.
And we are glad for that. But again highlights how poor communication has been since the team is not aware of that.
The concept behind this is super cool, and I fully support it happening, given that we give enough time for people to prepare for a huge change in their lives. Changing the rules of the game is part of life, but there are always good and bad ways to do it. I personally think we are not doing this one properly.
It is a team’s work. Committee, CEO, myself, and at least a few other leaders failed to build the right strategy and provide guidance for teams to deliver.
You are torn apart because you have not been involved in the day-to-day of these people in the last year. Mixed messages and lack of clarity were dominant, and then, from one day to the other, they realize (without proper communication) that their professional expectations must change significantly.
@luis to be 100% clear here - I don’t think the core idea behind this is bad, or that you don’t want the best for Aragon, I simply think that we are ignoring a big part of the internal stories over the last year, and are failing to properly manage people’s expectations and truly recognize the effort they have been putting into this project despite the problems they faced.
The proposed vote text includes the option of transferring the treasury in 6 to 9 months (plus Abstain, which can be interpreted as “a third option is needed”), and of extending the runway from 6 to 9 to 12 months before syncing funding with the delegative voting system, should it get implemented. I encourage everyone to publicly provide their arguments for why a particular timeline is good/bad so that everyone participating in the vote can make a maximally informed assessment.
With regard to the process of “changing the rules of the game”, what would you say is a better way of doing it at this point in time than having an open, collaborative proposal process and then voting on it? I’ve really tried to make the whole process as public and inclusive as possible but if folks have suggestions/learnings, please make them known, to be taken into account in the upcoming planning/implementation phase, whatever the end goal ends up being.
Mario, I don’t think you are doing anything wrong. I have an external point of view and truly think this path of full decentralization all at once is the best option. And from my understanding, you’ve been fed with information to support your view (which may not have been the most accurate information).
If this proposal didn’t include cutting off funding for a team that has been promised stability and a clear strategy (doesn’t matter if this is right or wrong, what matters is what was promised to them) I BET that the large majority of the team would be supporting it.
In my view, the right way to do this would have been pushing for a total transfer, putting aside a 2 years runaway (or even a one year one) to allow people to decide what they want to do with their careers since a major change in what they have been told happened. This doesn’t mean giving away money that wouldn’t result in value being created (just like MANY of the grants in DAOs in the space), just means we are valuing the work done so far and we allow them to choose their path wisely, while, of course, generating proper value while they are here.
A one-year runaway with the current costs would be around 5% of the whole treasury (which from my low understanding is also way less than what we might pay in taxes to do this transfer) and would signal the team that a transition is happening, and they should prepare for next year.
But. then again, who am I to judge anything… Just trying to represent the voices of people I personally care about and who are going through a lot with the current scenario.
I’d say the ethos of the proposal is not about “cutting off funding” but rather to sync resource allocation with the core of the proposal which is to create an on-chain DAO governed through a delegative voting system. The upcoming vote allows extending the runway to 12 months, and even if Nov 30 ends up the winning option, funding through the on-chain Treasury would still be available. A lot also depends on the implementation plan created after the vote. In other words, I think the DAO has all the tools/resources needed to make this a reasonably smooth transition, should the proposal pass. Thank you for sharing, it’s important!
I will reinforce @mlphresearch’s point, but do you realize that this proposal doesn’t mean cutting off funding to the current team by itself? It only means so if the current team fails to convince ANT holders that they are creating anything of value. So, the question is: do you believe you are creating value? If the answer is yes, you should rest assured and trust in capitalism, which works well and should reward you for value creation. If the answer is no, then your worry is more than justified.
That’s all of course under the assumption that the current team would want to keep being one team and not multiple guilds, which is another possibility that team members could explore at their own will.
I see that so far 20 people (wallets) equivalent to 1.6% of ANT holders voted. I can see how those ANT are split among the options but is it possible to also know how the 20 votes are distributed? I know this is irrelevant to the voting outcome.
Transferring funds as proposed here is not only a waste of money because of the pending taxation by the authorities as explained by @Gabriela( Taxes in Aragon Association, Switzerland) but also a potential tax liability for each individual participant.
Thank you for sharing - I look forward to reading the paper and suggest everyone else to do the same. I would also like to react to your comments by sharing some of my high-level thinking when it comes to public blockchains and DAOs. These are my personal thoughts that don’t represent the views of any organization, nor do they constitute advice of any kind.
Public blockchain networks, smart contract applications, and DAOs are fundamentally an institutional innovation. The fact that this presents a challenge to traditional legal frameworks does not mean that existing frameworks are irrelevant or useless. It simply means that the legal status of these systems is unclear until (a) existing institutions unequivocally not only declare but also enforce it, (b) the communities that build and operate these systems decide to organize according to existing rules/standards, or (c) these systems reach a level of adoption, sophistication, and legitimacy that forces existing institutions to change/adapt accordingly.
Crypto/web3/DAOs are complex emergent phenomena driven by a confluence of factors that are unique to the current stage of the Digital Revolution. To deal with emergent complexity, it is natural to seek support through what is well-understood, i.e. that which is inherited from the past. Wrapping a DAO into an existing organizational format, thereby benefitting from all the legal clarity that comes with it, is a completely rational and viable course of action. But to say that the alternative is “outdated” doesn’t do justice to the ethos and innovation behind crypto/Web3, which - and intelligent people may respectfully disagree here - has the potential to drive global institutional reform, the details of which are still open-ended. It is far from a foregone conclusion that the best path forward for on-chain DAOs is to create a traditional (or minimally adapted) legal wrapper for the whole organization, especially if one considers crypto/web3 as infrastructure for new digital/global institutions and forms of organizing.
I think it would be smart for individuals and organizations that contribute to DAOs to do so in a manner that provides them with legal protection under different scenarios, and it would be smart for DAOs to explore options to help their contributors achieve this goal. Whether this requires a legal wrapper for the DAO as a whole depends on the vision/mission/structure of the organization. The proposal to create an on-chain AN DAO refers back to the original vision behind Aragon and crypto/Web3 more broadly. This vision will need to be reviewed when updating the Charter to decide what exactly is the long-term objective that the AN DAO seeks to contribute towards. I’m hopeful that answering this question will also shine some light on the topic of legal wrappers and whether the DAO as a whole is the appropriate structure to engage with at the level of national jurisdictions, as opposed to pushing for a fundamentally different institutional/legal starting point.