Wait, parcel? Speak again. I think I know who you are. Hey there, can you hear me? Yeah. How you doing?
I'm doing good. How are you? Oh, I thought you were someone else. You got it right close to the person I'm thinking of. Hmm, interesting.
Hi Jarice, how are you doing? Doing good, doing really good. How are you guys doing? Doing good as well, it's good to meet you. Nice meeting you too. I met several people from parcel, really liked the team.
So glad to meet some more people when I talk on this panel today Yeah, absolutely likewise I'm very excited I've heard a lot of things about you and I'm excited to find all of them out right now about community building
I'm looking forward to being into it. Hey, see how's it going? Doing good. What's up, links? Just living my life. Living my life. It's a beautiful day in Toronto.
Nice. That's good. It's a beautiful day in England today. We had some sunshine. That's some fluffy clouds. Cats chase them birds. What it's all about.
It's a beautiful day in Connecticut as well. Nice and sunny.
Clear blue skies out there. That's a beautiful.
So it's amazing. Like, go on. I was just going to say you said Connecticut. Do people do people ever call it connect ticket? Because I've heard that it is called that.
- Vado, at least how I heard it pronounces a Connecticut with a pronounce correctly with their C unit, a connect to kids. - Yeah, people don't say Toronto, they say Toronto, so yeah, that's probably something so good. - Yeah, very civilly.
Awesome, alright, we'll just wait for a minute or two to get everybody on board and then we can start this space.
Thank you so much guys for jumping on this space and agreeing to talk. It's been a great pleasure talking to you guys over the course of last two years. It's a great chance to talk about one of the coolest topics about community building in Web 3.
Thanks for having us. Definitely looking forward to getting into it and sharing what Share My experiences as far as building community and just contributing to some of the most awesome communities in Web 3.
Yeah, I've seen your things a lot for having us and for all the support you've given us over the years.
Yeah, I appreciate it as well.
Yeah, thanks for all the gaseous transactions. Really appreciate that.
Yeah, we keep them rolling out. We keep them rolling out in the new versions as well. Awesome.
I guess we can get started and so I want to quickly talk about the background of that. The first of all, I know I've been in this space so I know how did it all start for someone new.
There are team members from parts of this as well who doesn't know this right story about how Bankless Tower got started. Good. Anyone of you please talk about like this how did Bankless Tower really start and what does it really do?
I think Anna think has been there since the beginning, so you might be the best person.
Yes, I got that. I was going to say the same thing. For sure, yeah, I can definitely weigh in there. So for those of you who aren't familiar with Bankless HQ, that is the main Bankless podcast. If you are familiar with that, David and Ryan.
and they have what we would consider a centralized media company and their crypto-focused company. We say centralized obviously because they're a core team of builders who create their own content and they're formed with a
with a centralized legal entity and they don't really work in a decentralized fashion, but they do talk about crypto and one of the main themes within crypto is Dows, especially over these last few years, like UniSwap really pushed the envelope with Dows with their
their token drop and David and Ryan were inspired by that. So they decided to lean in and create their own doubt called it bank list out after the name of their own their own podcast. That was that they created a token called bank which has
1 billion tokens and the idea behind it at the time was they want to onboard 1 billion people to crypto 1 billion tokens 1 billion people it was more mimetic than anything it was just meant to be a number you know a a
a guide number of, let's get a billion people on here using crypto and everybody can have a bank token in reality doesn't really work like that because anybody who owns over a thousand or a thousand or a hundred thousand tokens, it's going to cost quite a bit of money to get
those tokens out of their hands. But what we've learned over time is that it's not so much about the token as it is about the mission. So Bankless Dow was started with the mission to create on-ramps to decentralize finance. Seems like that has pivoted a little bit because
is not just about finance. Some of the grants that come through our grants committee are not strictly finance related, but they are about building decentralized tools, decentralized projects and helping out decentralized
centralized teams to create more wealth within the crypto landscape. But when I say, "Well, I don't mean like financial monetary wealth," I just mean overall involvement and overall benefit to
the community. So the bankless Dow was created, everybody who was a premium subscriber to the bankless podcast at that time was air dropped 35,000 bank tokens, which is the requisite amount to become a level one member. And we were sort of
I had no idea what men have asked was I was trading crypto on Binance and I was just going to the bank of podcast to look for inspiration to look for alpha and they
they opened my eyes to what on-chain ownership is. So I started participating in the Dow about a month, maybe two months after the air drop. And then I quickly realized I was able to help form roles. I was able to help
other people, form proposals, form roles, create governance structures, create projects within the Dow. And for me, that's when the Dow was really born. The value, the main value for me isn't just
You know, the ownership and being a part of that community, it's the actual community members. So, you know, the other two speakers that we have up here from Bank of Stau, Jaros James, and Al Muthani, affectionately known as Lynx. I mean, these are two prime examples.
of the reasons why bankless dow is successful in so many ways because it's not just about the token or the mission or the values, it's about the people who enable that to succeed and the people who push that forward. So that's just a little primer on how bankless dow was started and what it is we're all about.
This is amazing. I mean, great to have the history lesson here and trying to understand where we all came from and where the bandlist of actually came from. It's really beautiful to learn that. Pick a shout out to Ryan and David for actually doing this.
and making Bankier style and for you guys to actually taking it forward and in a way that's inspirational for all of us here. I want to dive deeper into you said you said
about people and what that means like it's all about people and I totally agree with that and we define that by calling them community members and so I see people defining community in very different ways. What does community mean to each one of you and how would you define it?
So for me, I think when we talk about community and I think like some people sometimes can't inflate this idea of contributor with community, I think there are lots of ways to be a contributor, but a community is a place where people feel comfortable, where people
people feel welcome, where people feel like they can, I guess, just comfortable and welcome is what a community is all about. They don't have to be doing anything, accomplishing anything. They really just need people around who are enjoying themselves. I think like that is the core of what a community is.
And so piggyback off that I would say, um, you definitely the vibe that's established within within certain like working groups who can establish a community. I definitely felt the sense of community and Dalatianships Guild within Dalatianships Guild and bankless dowels able to meet a lot of
of people, like outside of Bankless. The grant role tags called "Doublemats" and we have quite a few people from projects come in and invite with relationships and share what they got going on and we also present demos for these projects within Bankless.
and just like establish connections. And I would say like community is definitely on par with vision alignment and mission alignment. Like when people are aligned with the same mission of decentralization or you know, decentralized finance,
and things of that nature or just want to get together to genuinely grow their projects. I really feel like finance synergy is really important for establishing a strong community. Definitely have to be a group of like-minded individuals, I believe, for the community to really prosper.
Yeah, I would definitely double down on what both of you said there and I like the distinction that you made links between contributor and community because anybody can come in and
claim a bounty, do a task, vote on a proposal. Anybody can buy a bank tokens or any token of any other Dow and vote on a proposal. But a community is where
a different type of value is created.
hype, but not just hype. It's a sense of belonging. It's a sense of being part of something that's bigger than you. I think one of the main things that we've seen over the past, especially over the past year, as
start to come into question and you know people's flaws are revealed is we're trying to work within trustless environments and using trustless protocols but we still rely on each other and that that
requires trust. We have to trust each other that we're going to do the best thing, not just for what we what we want, but for our community. And sometimes that requires giving up something that you might want to do for the benefit of the rest of the community.
This is a real, that's awesome to learn all of your definitions. And you know, Bankless Dow has been one of the few dows that have been able to really build a good community.
And so I wanted to like very curious about if there was any intentional steps that you guys took from the beginning in order to build a great community like what is that?
and don'ts that you guys would actually take if you were to build like a new community from here on or what did you do right and what did you do wrong in order to reach this stage.
Inclusiveness is super important and being able to have people express themselves as long as they're not harming others. I think that is really important to allow
just that overall inclusiveness. And I think that's a lot easier being online and part of a decentralized community because a lot of these human traits that we experience in real life, we tend to shed those when we're behind our screens.
So yeah, I would say allowing people to express themselves and then also supporting people through community initiatives like like five checks, that type of thing. I think that's the vibe checks were really instrumental. I mean, so when I got into the Dow space,
I joined six dows and bankless dows the only one that I continue to contribute towards and it's because you know I came into bankless dow there was an onboarding process where we you have a first quest and and it tells you about the dow a little bit about what the dows doing it kind of funnels you towards our subunits and in that subunits
I dropped into the writers guild for instance. There was a talent scout there who I introduced myself and immediately she was like, "Hey, welcome to the writers guild. Here are the different things that we do. Are you a writer? Are you an editor?" And it was just kind of like holding my hand and giving me the opportunity to implicate myself if I wanted. And I think that that's really
important the idea that there is someone there to welcome you around that idea of inclusion that you're speaking about. And I think I think as well, sometimes it's a double-edged sword to encourage everyone to speak out at the way that they want. And I think like this is where that idea of a vibe check comes in. The early
members of bankless Dow, you know, Frog Monkey above average show, they were really great at allowing people to speak in a kind way. I think a lot of the Dow's that are really finance focused, you go on the forum, you'll ask a question and you can get totally torn apart.
by people who just know more than you, you know, you don't, it's not your fault that you're ignorant to the, to the, um, to the zeitgeist of a new community when you drop in, but for some people who have been there forever, you know, they have absolutely no tolerance for you. Whereas at Bankless now, um, everyone is, is overly welcoming and kind. And I think that that
you really need that in an anonymous environment because it's so easy, as you said, you shed some of your human characteristics. I think it can be easy to shed that human characteristic of empathy as well. And you see that in comment sections on newspapers and YouTube, right? Like there are people just being, you know, just absolutely terrible to each other. But when you have these voice chats,
and you have the Dow leaders who are really soft-spoken and open and allowing people to speak and giving people a way to fill the gaps in their knowledge so that they can become part of the community, that pathway to becoming part of the community, I think is really important.
Yeah, I definitely agree with everything that you guys have both stated and to add on to that. I will say that leading by an example is really important with the community, especially if you want to invoke certain actions to be taken by a community. If you want your community to be active is going
good for you to show that example and showcase your work ethic and then hopefully it rubs off on the other community members and education is a big role as well. When I first joined Bank Listow, I was pretty much new to the crypto space. I just got into crypto, created a Coinbase account
February of 2021 and it got into bank list out in December 2021. So I was fairly new to crypto altogether and it was a very welcoming space. My first meeting was in research guild and was given a task the first day by Ernest, uh, shut off the Ernest of Gaia. He, um,
He had poor internet connection that day when I first joined so he allowed he asked if anyone wanted to do the announcements like basically host a weekly sync and yeah, let me do it. He shared his notes with me and in afterwards he showed me how to link bank to
Polygon because I had it on Ethereum, but you show me how to add the contract or Polygon and yeah, and sent the funds that day and it was just a great experience because I didn't know much about crypto little alone what a Dow was and just having that really great first experience really kept me coming back to Bankless Dow.
And then eventually started learning more, learned a lot within research guild and that it was just, it was very inspiring. So just the, just the experience, just knowing how, you know, this is the future of work. And going back to the very first questions, who was asked about the importance of community. Community is
is vital in Web 3 because a lot of us starting off, especially as entrepreneurs before even getting into investing and things of that nature, a lot of us don't really have people within our immediate surroundings that is supportive of entrepreneurship or invest themselves like a lot of my friends and family
family was not interested in crypto or hearing about investing and dows and things of that nature. So like actually being around people that no more than I do, or that could teach me things and that I could learn from and establish these relationships with I can actually become a successful entrepreneur. I have to, you know, a lot of my
I was one of the first people that I actually started a working group with in which we hosted AMAs together and yeah just built in that connection that really kept me motivated to stay on Web 3 and yeah just met a lot of awesome people in this space that pushed me to be
greater because like sometimes like people would like be like like your family or your friends would say like you're working too hard or no like you did they're definitely not encouraging when it comes to entrepreneurship for the most part but it's so nice to be around people that encourage you to go harder or that's that's smarter than you that you can actually
learn from and to keep you motivated and keep you energized and keep you going. So big shout out to everyone in the bankless health community. Yeah, and I think I just want to like really emphasize something that that you said is that when you joined in, there was immediately a task available for you and then you
got bank into your wallet almost immediately after. I think that is the aha moment when you receive that first decentralized token, all of a sudden you kind of get, you understand so much about how a Web 3 community works. And I think like moving that aha moment earlier
to the process as you can, as a product person, I think that that's really valuable. So you kind of join in, there are a bunch of tasks you could do, you do a task, even if it's small, and even if you get a small amount of that token, it's I think extremely valuable for the potential community member psychology.
Absolutely 100% and I think we've heard a lot of good stories about people onboarding through DAO's which is crazy and how people are interacting or entering the web3 world through DAO's I think that's going to be the next run
as well. I think we're going to grow. We're going to have a lot of people join the space through Taoist which I'm frankly very excited about. And so, you know, we know why Taoist exists. Like we can clearly see the fundamental benefits of, you know, running a Tao or joining a Tao.
And so, you know, it's kind of decentralized in its way of working where anyone can actually join in and start contributing to the space or to the DAO. Now, a lot of times what happens is that when you don't curate the members of the DAO,
it can lead to like a lower quality of contribution and we've seen that happen to a bunch of towers as well. How do you basically keep things decentralized while at the same time maintaining the high quality part of the contributors?
So I think one of the things that is lacking in the Dow space right now is a good understanding of project management techniques. And I think like that is how you really keep a high, let's say high value contributors around. And it's how you create high value work.
And the essence of it is really, I mean, I have three rules of asynchronous project management, which is one centralized knowledge. So all of the things you will need to know to do any given task that exists somewhere that you know have access to. So, you know, in Notion page, a wiki, there's a GitHub if you're committing code that you that you can
access discord is where everyone does their centralized communication. You as any individual contributor, you know where to go. That is centralizing knowledge. The second rule is decentralized decisions. Everyone knows that they can make a decision to get their task completed. Right? There's no one looking over your shoulder. There's no one telling you exactly
So this is how someone may not exactly have all the information they need or they might not necessarily get everything that they need to do. But as long as we have feedback early on, we can get feedback from the user.
and often you can be sure of high quality even if you start with something low quality you can build it up to high quality over time by iterating on the feedback you get feedback you adjust you make something different and then you get more feedback I think that that iterative approach is the only way to really do it in a decentralized in a decentralized system
Yeah, I think it's also important to note that even though we are decentralized and we do our mission is to push decentralized systems and we're trying to become more and more decentralized, a lot of what we do is based on centralized
technology. And we do have to make some adjustments. We do have to find some unique ways of building within those centralized constraints. It's easy to
It's easy to think that somebody is doing something just to control the power themselves when you're working with these centralized tools. And this is where community comes back into it. So in order to build using centralized
as existing centralized tools to become more decentralized, you have to rely on trust and you have to rely on your community to maintain that level of consistency and trust around your group of people.
It's hard, especially as a lot of us don't know each other in real life. But overall, we're getting more and more decentralized and more trustless in the ways that count without sort of jeopardizing our community at the same time.
And so that's it. I would say since I got like my first taste of leadership within Dalatianships Guild recently by setting up a faction right now we're calling it the beatouts ask for which is not a
function as a, at least right now we're working towards becoming a meta-BD agency. So we want to handle BD for various external organizations that aligns with Bank Listau. And whenever someone completes a task,
Like to say putting together a list of targets from a community that we want to establish a relationship with, make sure that aside from making sure that they receive back pay into documents is so that they're paid fairly to keep valuable contributors to
around also make sure I give them shout outs and to highlight their work to inspire other people to work to contribute as well. So I make sure to highlight anything that they have accomplished and put them in a good light.
And then also, there's other things that could be put in place if you want to maintain, if you want to maintain high like valuable contributors within your working group. There's a few projects are right now.
the ties reputation to NFTs you can tie a reputation to the so bound NFTs especially for the dynamic and if let's say they don't keep up with a certain like let's say they don't meet a certain requirement or they
They don't meet certain parameters or they become lazy. They don't contribute as much. Then the NFT could downgrade like let's say if you token gate your workspace you'd token gate your channel. The NFT could downgrade then and then you won't have to manually kick them out the NFT would do it for you.
If it ever comes to that, then also on the flip side, the NMT could upgrade and then they could get access to higher roles. And I said, so it gave access to higher level responsibilities.
based on the reputation that they built within the organization.
So that's what we're experimenting with.
That's amazing. I think you guys mentioned few of the tools that you guys use and I'm very interested to learn more about that. What are some of the tools that you guys use at bankless style to make operations much easier?
a resource mentioning something around NFTs and I'll mention about using notions. What are some of the tools that is required to run a DAO in a very efficient manner and what are you guys using and for what reasons?
Yeah, I think I think parcel is something that like I mean almost every guild and product uses parcel because it makes it easier for us to disperse that bank
token. And as I said, like getting that bank token into your contributors wallets, that's the aha moment, right? Like that's the moment when people really start to understand the value of Web 3. So it's a really useful tool for us.
Yeah, for sure. And beyond parcel, I mean obviously parcel leverages safe wallets. So no, used to be known as no, so safe now they just go by safe. So yeah, that is essential to have a multi-sig wallet.
Discord seems to be an essential tool. There are other communications tools out there that are trying to de-throw and discord. I think the main problem that they're running into is that so many communities
use Discord that nobody else wants to use a community other than Discord. So that seems to be a pretty standard one. Discord is another example of a centralized tool. You've got an admin, you got some mods, you got to make sure that those
have two FAA activated. There's also Google, two-linked suite. We tend to use Google Docs, Google Sheets, that type of thing. And it really depends on what type of work you're doing.
Canva is important. Any sort of tool that can allow you to do flow charts is also very important. But we're seeing a bit of a trend towards token gating tooling now. And there is a project coming out of Banquistow that I'd like to shout out.
called super cluster labs and they're creating this access tool. So you'll be able to use NFTs to access things like notion pages and Google Docs and other sort of centralized two things. So moving again more towards that decentralization access.
Yeah, the tool that and shout out to super cluster, the tools that I use the most and bankless that I would probably say notion using notion a lot. Aside from that, no tool that we just started experimenting with.
is heggy finance so like time lock bank is coming soon. I'll see you ice cool isn't the audience but anyway yeah time lock bank that's gonna be used to basically like to
So you limit the ability to dump the token so you receive a time lock version of it and it's backed by NFT and can be used for governance as well. You can actually vote with your time lock tokens. So basically you want to incentivize people to take
actions with that bank token and get more involved in the community with it as opposed to just having a decent amount of bank dumped on the open market. You can use a hedge finance infrastructure for locking the tokens.
Interesting. These are very interesting tools. I'll do not know of any more tools that you want to highlight here. Yeah, I mean, I guess I'm like thinking specifically for like community community focused things and I guess like you know that idea of centralizing knowledge. You know, we have notion for that.
that discord for communications. I feel like we've got a lot of it covered, but one thing that we didn't talk about was there are, we used to use coordinates quite a bit and we still use them at the guild level. We used to use a Tao-wide and the good thing about it was that it allowed us to
give people like it created a space where we could give other community members recognition and you know in bank list out discord we have a hype and recognition channel and more recently we started to use something called praise bot and this is a service where you can just it's a discord bot
you can type slash praise and praise people and at DMs them telling them their praise and then at the end of the month, we, well, this is what we're still trying is is we get people to go away and kind of quantify that praise. It's really interesting. I think just having the a place where you can express your appreciation for each other.
That is really important. It doesn't even have to be like a bot or something on Discord. Like this is something that we do in our community calls. Once in a while, we'll have a community call and above average, you'll be like, "Okay, this is a vibe community call. Anyone can get up on stage and express their gratitude to anyone else."
That was one of the first kinds of calls that I stepped into in "Bankless Dow" and it really set the tone for me in terms of what kind of dow this is, a dow that takes valuable time to express gratitude to each other. I think that's really important.
That's the super interesting tool you mentioned. I want to switch gears into talking about the current status of where we are at with Bancliffe's town, especially with the market conditions that are there. It's great to have a good community that can
and leave it you in this spare market. And I wanted to understand like how does community management or just community building change when the market conditions change. And so right now we're possibly in the winter. I hope so. I'm right. So how do you change that?
Because I think traditionally speaking, if you were a centralized company, you would try to take some decisions which are basically more financially feasible, which are basically in tune with the strategy that the centralized or the co-authentic
would have there. But in terms of Dow, how does that affect the working, the day-to-day running of the business, how does that affect the functioning of the members across several guilds and how are you guys managing it right now?
How we're managing it versus how we could be managing it are two different things. My mental model for decision making in the DAO is top down direction, bottom up initiative. So what that means is that we have some sort of shared purpose that we're working towards and some sort of strategy that we're using to that we all kind of like are
to help us go towards that goal. You can imagine if everyone's following a different kind of strategy, it's going to be different. So at BanklessTout, we have the goal of onboarding a billion people to decentralize finance tools and our strategy is to create user-friendly on-ramps. I think we could break that down even further. That's something I think we could improve
that bank is out, but in general, just having those things, saying like, "Hey, we want to onboard people, we want to create user friendly on ramps." That has created, and then just having like, "Okay, we have a bunch of bank token, anyone who comes up with an idea of how to do this, do it." And that has created so many different kinds of an
initiative. So that bottom up initiative, anyone who has an idea of how to onboard people through crypto by building a user friendly on ramp, you're welcome to these funds. You just have to write a proposal and make the case that this is actually going to accomplish that goal. So yeah, if I could distill it down top down direction, bottom up initiative.
Yeah, and I will disammediate enough. You go ahead and I'll go ahead.
All right, yeah, so I was going to say in terms of the difference between the
people who are looking to contribute, so many people who are looking for, they're all there for a different reason. Then they tend to align on things like price, obviously that's why the bull market has brought them in.
But they're all looking for a way to either get involved or find some sort of value in your community. And so that onboarding process is super important during a fair market.
onboarding is very important, but it's less important than finding things for existing contributors to keep them engaged. So pivoting from an onboarding stance, more to an engagement stance.
Yeah, and I would say during the bear market is really important to think of like, what can you do for the Dow as opposed to what the Dow can do for you? Because during the bear market, obviously the token that you're governed by would have dropped significantly. So instead of receiving
a ton of bank tokens and trying to live off that. It's really important to generate revenue for the Dow, creating projects that has the possibility to generate revenue and get back to the Dow and then pretty much earn your living that way. So I feel like during the bear market
You know, they call it the bear market, the builder market. So like it's really important to build and to iterate during those times and you know be creative and clever during the bear market times. And then to link up with people that's also have like an entrepreneurial spirit. Good ideas. You know, there's a lot of great projects coming out of
that could definitely generate revenue like one being Bankless card. We got links here and if that contributes to that project. So, you know, great projects like that is good to contribute to and foster those during especially during the rule one be interesting rule two don't be boring.
Those are great rules. And it's a Chris you were alluding to building a more engaging community and that was the one my next question as well.
tips that you could give us to build and engage in community, especially in this market, how do you make sure that everyone is engaged and everyone is moving in the same direction?
Yeah, this seems to be a tricky one because there are so many interests that people have. And I think that the main thing is to find something that everybody can align with. Initially, it was Pollaps. Everybody loves a Pollaps.
but they're not going to come to the community call because they want to pull out, they're going to come to all your meetings because you want to pull out truth be told, pull out and be a bit difficult to renew on a weekly basis, always have a new design, always make sure that the mint is done before the meeting, always make sure that distribution is done.
And so these recurring engaging events, I think, can become a bit of a downer on the people who are actually organizing them from the beginning. So finding somebody who wants to be a community
manager, finding somebody who wants to involve themselves in engagement, finding the right people who want to rally all of your community in different ways and try and engage them is important. I know we got high school in the crowd, we got links here, I see boat oh, high school district
dropped. But the two of them seem to be quite engaged in the Bibes channel. Personally, I don't really engage in Bibes channel that often, and it's not to do with because I don't vibe with the people there, because I let her right there, and I always find interesting things.
But it's just not my thing. I've got a million things going on in my life. So it's trying to find ways for different people to get involved. It is a major challenge, but I really don't have an answer to that. If I did, I'd be far better at engaging people.
Now this is this is create a charis. I do have something to add here
I'll say communication is key. Keeping managing the relationships that you build within a DAO to keep engagement going, especially if you're leading a project is good to check in. You know, have wide checks every now and then. And the show genuine interest in what they have.
going on. And yeah, I would say definitely keep in touch with the friends that you make because you never know what type of opportunities lies and that as well, what they're connected to. So I would say it's really important to touch base and to link each other to each other's networks as well.
Yeah, I'm just playing to each other's strengths as I think we're saying, you know some of us are More open to doing things that are involved with like, you know play and others have like are way more interested in the
in just like their projects and nothing else. So just like understanding that everyone has different strengths and this goes back to like that idea of inclusion as part of Bank of Stau. If you play to your strengths, you're gonna be better off.
Yeah, being authentic is always great. It always works in the long run Amazing, okay, and I want to understand you know V run as a startup like parcel is a startup you guys are not contributing in Dows and and I believe like there are different
These are different places for everyone to come. If you would like not everyone will like to work in a startup after they were working at Dao. And I want to understand this from a point of view of someone who has worked in a Dao.
for long enough time to understand this. What's your pitch to someone who is right now working at a traditional web2 company, someone at Fang or someone who is interested in DAO's but is not sure
about whether to make the jump, whether to take that leap of faith or not. What is your purpose as to why should people be joining Taoist? It might not be for everyone, but who are the people who is well suited to contribute to Taoist?
So we have this recurrence theme within bankless card and elsewhere throughout bankless staff, that those are the new brand. And
When you align yourself with a brand, it doesn't mean that you have to own only that brand. For example, when I think of brands, I think of Nike Coke. If I go to a place and they don't have Coke, I'll drink Pepsi, whatever.
If I can't wear Nike's out to a certain place, then I'll wear and I'm not a Nike Max or anything like that. But as an example, if I can't wear my Nike's somewhere, I'll wear different shoes. It goes to say that
a doubt doesn't have to be an all-encompassing embodiment of your life. You can still actually work at a bank company or any other centralized company or decentralized company and participate in a doubt. The contributions that you'll find within a
out can often be hourly based. You pick up an hour bounty here, you pick up a task that has a certain deliverable there, and you can get rewarded for that as long as you're helping push the mission forward. I think it's really important to note that
Dows don't have to be this thing that consumes your entire life. Many of us within Banclas Dows contribute to various other Dows and elsewhere within Web 3. So, you know, I would say to anybody listening who is from
a large centralized company and you're looking to get involved in the Web3 space. Just do it. Just hop into a server, see if you can earn some tokens here or there. And little by little, you may get more involved. And eventually someday you might leave your centralized job.
Yeah, I think that for me, Dows are about the, about like the purpose, right? Like, you know, you're getting together with people who feel the same way about something as you. So it's really about who, like who could have Dowr for anyone who
who shares the purpose with any kind of doubt. And I think like the real communities exist in real life, communities exist online. The difference between a doubt I think is the idea that you can share ownership in a way that has not
not really possible with traditional communities. And I think that for me, that's what's really interesting. You know, the ownership of communities, it can be really suspect in Nong Dao's. Even in Dao's, it can be difficult. But like, imagine being part of a community, you spend all your time there and then all of a sudden
and you're just the people who only community kind of decide to sell it or something else like that. That's just for all the people who put their time and effort in, that kind of feels frustrating. I mean, it happened with Huffington Post. They were basically getting a ton of writers and
articles to come together around this purpose that they were doing. They were trying to be like this like more left-wing new situation than they sold it, right? And the people who owned the community made a ton of money and the people who really contributed a lot to it didn't really get anything that happened recently as well with mountain equipment co-op.
which is a very popular outdoor store in Canada and the United States. They were a co-op. You had to join the group, the community, you had to put in five dollars, you were then a member of the community, and only those people could shop. But then, you know, the people who
who owned the community, they sold it off, they made a ton of money, and that was it. In a Dow, it's not the same, right? And that's the promise of a Dow, we will see whether or not that's the truth. But anyone who is interested in the future of ownership, I think, would be served by checking out Dow's.
For sure. And then to add on to that, the nuance with becoming a Dow, since your question was like, what's the elevator pitch for why a Web 2 company would become a Dow? Well, at least with a Dow, your community is actually a part of the company. Whereas, you know, being a Web 2 company, that's not necessarily the case.
So you could get a lot more things accomplished when you have a community that's eager to contribute to your project or to your company in any way and like think of Starbucks for an example that's a centralized company, but they have a vibrant
community, but they have no share ownership for the most part of Starbucks. Like you are in Starbucks, we're words, but it's not like they're Starbucks tokens. And then you have people that create secret menu items that actually sell pretty well, like the pink drink and stuff like that. So it'll just be interesting.
If a Web 2 company like that became a doubt a community could actually be a part of it and create even more of a co-allike following or like a project that's similar like for instance, we're like using this as an example like something like a project that or like a company that I would want to compete with Starbucks could take that angle and tap
into the community where they're lacking at. So that's the big difference between a Dow and a Web2 project or a traditional project. At least with a Dow, your community actually has some sense of belonging, like they actually are part of your project.
And then you can scale and get even a lot more things done. They can even lead social media campaigns. They could get things, a lot more things could be accomplished in just like your centralized marketing team can do with a vibrant community.
Interesting point, say. Okay, all right. So last question that I have for you guys before we wrap this up. It's been a great session for all of us here.
Apart from Bankless style, which you guys have been contributing for some time, which is your favorite community apart from Bankless style and why
That's a tough question because there's a ton of communities that I enjoy outside of Bank List out.
If I was limited to just one, I would say I've learned a lot from Colt Dow. I would say them because they're very loud about decentralization and they really stick to their white paper. Like they're very first
The rule is to talk about cult now and you see a ton of people do so and they're not necessarily incentivized to talk about cult now either. It's more so the mission and to create some type of lore for their for their manifesto.
I really appreciate how committed they are to their project and I definitely learned a lot from from their community and sought out ways how to apply what I learned over it and code that onto projects that I'm involved in.
But there's a ton of projects that I enjoy out there, but since Jacksonville won, that'll be the one I'll name. But there's a lot more. The one that I probably, other than Bagelstown, which I probably spent like at least 80% of my time in the Web 3 space in Bagelstown,
It's probably pool together. I just think that they do a really great job of engaging people. The tool itself is easy to use, easy to understand, and they have some hooks in it which they use to get
people more engaged so they will give delegations so that you have a higher chance of winning on any given day as prizes for things like trivia nights or that kind of thing. So I think it's a really fun
community and you don't really need to hold any tokens even to get involved but as soon as you're in you know you're kind of like yeah you know I'd like to hold some tokens I'd like to I'd like to deposit some some USDC in the product itself so it's a fun community
Same as things I and probably Jerry's James, I spend the majority of my time at Banclistow. That's where I first started and all of my projects seemed to stem from there. One of the projects
that I've really enjoyed being a part of recently is called "Eike Guy" and it was started by one of our contributors called "Live TV" and "Eike Guy" I'm just going to read this from from their original post "Eike Guy" is a Japanese company
concept that means a reason for being or a reason to wake up in the morning. It's the intersection of four elements, what you love, what you're good at, what the world needs, and what you can be paid for. When you find your icky guy, you have a sense of purpose and fulfillment in life. It's a way to find meaning
and direction in your life and to live a happy, fulfilling life. I remember as a kid, me personally, I was always told, "If you can find something that you love to do in life and make money at it, you'll never work a day in your life."
I don't know how true that is because I found something that I was passionate about in my photography and you know I worked my ass off to be a great photographer and a lot of it was really hard work.
So there's no easy path, but I think if you can find that intersection between what you love, what you're good at, what the world needs, and what you can be paid for, then you can find your own EKI, and you can flourish within this environment.
I'm amazing. I think I loved all the answers. I've noted in front of them, I will definitely check them out. I want to wrap it up here by thanking you guys for joining this session. It's been a great learning experience for me personally and I hope for all the other listeners that we
have out there. Thank you Chris, Charis and it's been great having you over and we'll continue to have discussions more as we evolve and you know we'll keep in touch. We'll have more sessions for you guys, we'll keep you on on it and thank you so much for joining this session.
Awesome, sounds great and thank you for having us. Yeah, appreciate it. Thank you so much.
Thank you. Bye everyone. All right. See you. Bye everyone.