A weekly roundup of interesting stuff in the fabulous and mysterious world of DAOs
A weekly roundup of interesting stuff in the fabulous and mysterious world of DAOs
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Welcome to (anon), a lurching, drunken lunge at fame and fortune by a conniving sad, disfigured ginger has-been.
You might remember a previous rant where I mentioned OokiDAO getting into a little tiff with the CFTC.
The battle wages on, and other DAOs have taken note of the apparent U.S. regulatory threat to DAO governance. Sushiswap is restructuring its DAO in hopes of protecting itself from future legal scrutiny. MakerDAO is also restructuring and considering a concerningly ominous-sounding “end-game” plan.
In case you forgot, the CFTC case against OokiDAO would hold everyone who voted on governance liable for the actions of the DAO. It could basically nuke the entire DAO landscape if it was enforced at scale.
The last time we gathered ‘round the internet watering hole for me to spoon-feed you spicy tidbits of DAO drama, I wasn’t too positive about OokiDAO itself. While I didn’t have boots on the ground per say, I did some lazy due diligence and came to believe that OokiDAO was basically a few founders trying to skirt legal liability (rather than a genuine decentralized community that formed around a rallying point.)
Despite my not-so-positive take on it, it seems the DAOlords have sided with OokiDAO, in hopes of stopping this sloppy precedent from being set. I commiserate. Making bad law is way worse than disingenuous actors getting away with minor bullshit.
https://twitter.com/milesjennings/status/1587468170461294593?s=20&t=h_-YfOGVocw1Kop-JI5yKw
https://twitter.com/HaunVentures/status/1587119858595942400
Are you lazy?
Do you want to retire young? But you're not sure how to pull it off?
Welcome my brothers and sisters in arms!
I too am a talentless hack. But thankfully, the people at Zora are doing God's work and making it easy for anons like me to launch NFT DAOs. No engineering or coding experience needed! Now, any idiot with a dream and a jpeg can launch a DAO!
Zora took its inspiration from Nouns (which apparently took its inspiration from Zora, so it’s a bit of an ouroboros.) Its DIY DAO product is called “Nouns Builder.”
Nouns, most of you probably know, built a name for itself via one-a-day NFT auctions. That once a day cadence created optimal FOMO, which has resulted in occasionally astronomical prices—with one other excellent unintended consequence: a more engaged DAO.
Why? The typical life-death cycle of a DAO is members join en masse during the first few days when they buy its governance NFT or token during a FOMO stampede. The DAO sometimes dwindles after that initial flush of enthusiasm. By comparison, only one Noun DAO member can join each day, after buying the Noun NFT. That happy owner is engaged, and assimilated into the arms of the already happy, engaged community.
So here’s the plan.
We need to launch as many NFT DAOs as possible.
It’s easy, we just set up 50-100 anon twitter accounts before Elon turns on the $8 monthly fee and use an AI Tweet generator to create 2-4 months of content. Then we go find some creative commons art on Google (half the big projects end up pivoting to CC0 anyways), and begin to sell our NFTs. As soon as the collection generates 2-3 Toyota Camry’s worth of ETH, the “anon” behind it mysteriously disappears.
Then, rinse & repeat baby.
It’s genius, and now that Nouns Builder exists, ANYONE can do it. All you need to take money from weak-minded NFT collectors is convince them to use Zora (which admittedly is a pretty big task in itself).
Give me my fucking tokens, Lubin!
I’ve been sitting here, swapping $10 back and forth between $MANGOINU and $CUMROCKET on the Metamask exchange for months trying to farm this airdrop and I have NOTHING TO SHOW FOR IT.
I was told there would be a token, I want my tokens, where are my tokens?
WHERE IS MY FREE MONEY?!
I told my children we’d use this airdrop to go to Disneyland, they’re already wearing the fucking Mickey Mouse hats and singing “It’s a Small World” while they skip in circles around me.
I need this bro. Come on.
I care not for your grants, nor for your $2.4 million grant budget to turn Metamask into the “most extensible wallet” in existence.
I care only for token, wen token, and how much token.
Your plans of decentralizing MetaMask are valiant indeed, but I can’t help but feel that your priorities are misaligned, for I have not received any airdrop.
Dear Lubin, oh purest of lubey Lubins, please release the token!
(And please make sure it only goes up in value. Up only Lubin. Up. Only.)
You may have noticed that we reached a special milestone today. We have officially transitioned into the Terrible 2’s with (anon) 2.0. Because we are on a base 10 numbering system, just like the Indian mathematicians of the 7th century.
In celebration of this milestone, and in appreciation of our 3.5 subscribers– we’re starting a new section in (anon), “Out of Context Tweet of Week”.
Without further ado;
https://twitter.com/0xfoobar/status/1588786465701404672?s=20&t=bJ30lw8P7cVUT3TZE_hZFg
Welcome to (anon), a lurching, drunken lunge at fame and fortune by a conniving sad, disfigured ginger has-been.
You might remember a previous rant where I mentioned OokiDAO getting into a little tiff with the CFTC.
The battle wages on, and other DAOs have taken note of the apparent U.S. regulatory threat to DAO governance. Sushiswap is restructuring its DAO in hopes of protecting itself from future legal scrutiny. MakerDAO is also restructuring and considering a concerningly ominous-sounding “end-game” plan.
In case you forgot, the CFTC case against OokiDAO would hold everyone who voted on governance liable for the actions of the DAO. It could basically nuke the entire DAO landscape if it was enforced at scale.
The last time we gathered ‘round the internet watering hole for me to spoon-feed you spicy tidbits of DAO drama, I wasn’t too positive about OokiDAO itself. While I didn’t have boots on the ground per say, I did some lazy due diligence and came to believe that OokiDAO was basically a few founders trying to skirt legal liability (rather than a genuine decentralized community that formed around a rallying point.)
Despite my not-so-positive take on it, it seems the DAOlords have sided with OokiDAO, in hopes of stopping this sloppy precedent from being set. I commiserate. Making bad law is way worse than disingenuous actors getting away with minor bullshit.
https://twitter.com/milesjennings/status/1587468170461294593?s=20&t=h_-YfOGVocw1Kop-JI5yKw
https://twitter.com/HaunVentures/status/1587119858595942400
Are you lazy?
Do you want to retire young? But you're not sure how to pull it off?
Welcome my brothers and sisters in arms!
I too am a talentless hack. But thankfully, the people at Zora are doing God's work and making it easy for anons like me to launch NFT DAOs. No engineering or coding experience needed! Now, any idiot with a dream and a jpeg can launch a DAO!
Zora took its inspiration from Nouns (which apparently took its inspiration from Zora, so it’s a bit of an ouroboros.) Its DIY DAO product is called “Nouns Builder.”
Nouns, most of you probably know, built a name for itself via one-a-day NFT auctions. That once a day cadence created optimal FOMO, which has resulted in occasionally astronomical prices—with one other excellent unintended consequence: a more engaged DAO.
Why? The typical life-death cycle of a DAO is members join en masse during the first few days when they buy its governance NFT or token during a FOMO stampede. The DAO sometimes dwindles after that initial flush of enthusiasm. By comparison, only one Noun DAO member can join each day, after buying the Noun NFT. That happy owner is engaged, and assimilated into the arms of the already happy, engaged community.
So here’s the plan.
We need to launch as many NFT DAOs as possible.
It’s easy, we just set up 50-100 anon twitter accounts before Elon turns on the $8 monthly fee and use an AI Tweet generator to create 2-4 months of content. Then we go find some creative commons art on Google (half the big projects end up pivoting to CC0 anyways), and begin to sell our NFTs. As soon as the collection generates 2-3 Toyota Camry’s worth of ETH, the “anon” behind it mysteriously disappears.
Then, rinse & repeat baby.
It’s genius, and now that Nouns Builder exists, ANYONE can do it. All you need to take money from weak-minded NFT collectors is convince them to use Zora (which admittedly is a pretty big task in itself).
Give me my fucking tokens, Lubin!
I’ve been sitting here, swapping $10 back and forth between $MANGOINU and $CUMROCKET on the Metamask exchange for months trying to farm this airdrop and I have NOTHING TO SHOW FOR IT.
I was told there would be a token, I want my tokens, where are my tokens?
WHERE IS MY FREE MONEY?!
I told my children we’d use this airdrop to go to Disneyland, they’re already wearing the fucking Mickey Mouse hats and singing “It’s a Small World” while they skip in circles around me.
I need this bro. Come on.
I care not for your grants, nor for your $2.4 million grant budget to turn Metamask into the “most extensible wallet” in existence.
I care only for token, wen token, and how much token.
Your plans of decentralizing MetaMask are valiant indeed, but I can’t help but feel that your priorities are misaligned, for I have not received any airdrop.
Dear Lubin, oh purest of lubey Lubins, please release the token!
(And please make sure it only goes up in value. Up only Lubin. Up. Only.)
You may have noticed that we reached a special milestone today. We have officially transitioned into the Terrible 2’s with (anon) 2.0. Because we are on a base 10 numbering system, just like the Indian mathematicians of the 7th century.
In celebration of this milestone, and in appreciation of our 3.5 subscribers– we’re starting a new section in (anon), “Out of Context Tweet of Week”.
Without further ado;
https://twitter.com/0xfoobar/status/1588786465701404672?s=20&t=bJ30lw8P7cVUT3TZE_hZFg
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