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🤖 DAOs: do they work? 🤨 - Kabiplaza Weekly #43 ⛲️
Recorded: Nov. 9, 2023 Duration: 2:04:43Space Recording
Full Transcription
A few more seconds guys, we're going to get started.
All right, let's do this.
Welcome, everybody.
This is Cabby Plaza Weekly, episode 43.
We have a couple of guests still to arrive, but we're going to get cracking.
I'm back on my phone.
I tried from the desktop last week, and apparently it wasn't fun.
It was fine for me, but nobody can understand what I was saying.
It sounded like a robot, apparently.
So I'm happy to be back on my phone, which is where I know best to run a space.
And yeah, so can I just double check?
The audio is good now.
Can I get some thumbs up?
Some hearts?
Some signs?
Amazing.
It's good to be back with good audio, I must say.
So yeah, for those of you who do not know Cabby Plaza, we come together every week on a Thursday with the community to explore an array of different Web3 topics with our guests.
And ultimately, just to continue to expand our minds and learn and grow together.
My name is Jack.
And for those who do not know Cabby Plaza, we're an all-in-one platform where creators and brands can launch and manage their NFTs and community on Hedera, as well as a wallet, tools, and a launchpad.
A big pillar of our ecosystem is education.
And that's one of the reasons we host these spaces every week with you guys, to share, but also to learn ourselves, because we never stop learning.
So as the title of the spaces says, DAOs, do they really work?
I'm getting a lot of my inspiration for these topics these days from my timeline.
And I guess over the last few weeks, I've seen quite a bit of, I don't know, people just talking about DAOs, and there's quite a divide on like, some people, absolutely not, they just don't work, never going to work.
On the other hand, there's people that seem to think that, ah, maybe they do, maybe they need tweaking, maybe there's something here.
So I guess the plan today is, let's settle it, with our guests here today and those of you in the audience that maybe have experience with DAOs, to share your insights.
And come to a conclusion here together, or at least the beginning of a conclusion, right?
Because we don't have all day.
Yeah.
Let's welcome our guests.
I'll start with, is that Hive, what I've got there?
Hey, how are you doing?
Yeah, that's Hive, my friend.
Thank you for having me here.
Absolute pleasure.
Who do we have behind the bee?
That is Winston.
That's myself, my friend.
Winston, amazing.
Well, it's great to have you.
Welcome to Cabby Plaza.
How are you doing today?
Oh, thank you.
Oh, really good.
Thank you, bro.
It's been a bit of a busy day, but yeah, everything seems in order so far.
Amazing.
Great to hear.
Appreciate you for being here.
I'm loving the topic about DAOs as well.
I think it's going to be really interesting because, I mean, I already say we do have pros and we do have cons with DAOs.
So I'm really looking forward to today's show, man.
Nice.
Nice.
Nice.
Me too.
Me too.
Patrick, thanks again for co-hosting.
As always, so consistent.
No matter what's going on in your week, you always show up on time.
Well, nearly every time on time.
How are you doing?
Well, always today, let me turn down the heater because it's making a lot of noise.
One second.
It's getting cold over there, is it?
Yeah, it's cold here, but this room where I sit now, it doesn't have heating, so I have a little electric radiator.
But that's enough.
I'm installing a tube above the ceiling that goes all the way from my heat stove to this room, and that should fix it.
But no time for it just yet, so we'll have to wait a little.
Anyway, so yeah, how am I doing today?
Well, I had to go to Limoges to bring my daughter to some college, lycée, I don't know what it was, a school, to get this little paper.
So now she's allowed to drive with me, next to me in a car.
Well, she can drive, even though she doesn't have any driver's license, and we can practice.
So that's great.
She needed that.
So there was no getting out of it.
So, but it's the French.
No, no doubt talk on the French, but they are not always very timely.
So she was, we had to wait for an hour.
So I was a bit annoyed there.
That sounds like Spanish.
Didn't know the French were that bad.
Spanish and Italian are probably even worse.
I don't know.
Oh my God, it's manana.
It's not even an hour.
I've done business with Italian people, and they're very, very nice.
But if it doesn't come tomorrow, the day after is soon enough.
Oh man, I couldn't work with that.
But so yeah, it took me a lot of time that I don't have today.
So I'm just venting here a bit.
Can I check?
Because that's what we do here.
Please.
Absolutely.
Yeah.
Let it all out.
Get comfy.
Get warm.
But if you ask me how I am, so you get an honest answer.
So anyway, so that's off my chest now.
Well, I think I'm going to be quiet a lot this space because I have, I know where Tao
is, but if you ask me to explain in detail, well, I'll better leave it up to some other
pros, not for me.
And so I want to learn today.
Nice.
We're on the same boat.
We're on the same boat.
I wanted to ask you, Patrick, how was the, was it Tuesday?
You had the, is it the, it was a pitch with Headstyler, right?
I think with other projects as well.
Yeah.
Yeah, it was.
How was that?
Yeah, that was, that was quite fun, actually.
So I was surprised.
We, Joey and I, we practiced a long time for days to stick within the 10 minutes and to
try and tell the things that, well, Tudor gave us some tips, of course, stick to that
and that and that.
And then everyone went over time and Joey and I said, hey, we should have taken five more
minutes to show some game stuff as well.
But no, but it was, it was fun anyway.
I think I'm going to ask Tudor, why don't we do 15 minutes and only five minutes for questions?
Because all the pitch, pitch events that I saw, usually there aren't that many questions.
So I always wonder why don't they get five more minutes for the presentation and five less
for questions.
But just, just, just my honest, arrogant opinion.
What do you think?
I kind of like the question part.
I think you can get more specific and maybe answer exactly what the people want to hear.
I don't know.
Yeah, I like the question part as well, but, but usually with, I've seen some pitch events
as well and usually they don't have 10 minutes of questions.
It's maybe one or two questions and then people shut up for the next one.
So yeah, but well, it's, it's not my thing.
I was glad that we could do that.
But then there will be many more of these events that we will, will, will attend as well.
And well, let's see what comes out of it.
Yeah.
Exciting.
Absolutely.
Glassie, do we, do we have you here?
I think I'm here.
I think you keep rugging my friend.
I think I'm here.
It's amazing to have you back.
How are you doing?
I feel like I never left.
I was happy to receive the invite.
Love to hear the questions.
Just, you hear the voices.
You're like, ah, these, these are my friends.
Even if they live halfway across the world or we haven't even met in real life.
Still, we just hear just a few words of their, of, of their voice.
And I feel comfortable.
I feel like, oh, I'm at home.
I'm where I'm, I'm where I'm supposed to be.
And very excited about the conversation.
Also, I wanted to start with a little, just a comedy, hearing the tail end of what you were
just talking about.
Don't forget about taking the extra five minutes of talking about how important it is to get
everyone's voice heard.
And then that eats up the time that people could ask questions.
And then you only have room for one question and then you have to move on to classic moves.
But yeah, happy to be here.
How's everyone else?
The week just, the time seems like it's both standing still and rushing by at an incredible
rate.
It's a weird thing.
I guess that's probably like getting older, maturing.
But I feel like, yeah, it's like on the one hand, I feel like I'm in stasis, like just
waiting for a bull market to return.
On the other hand, I just can't believe, poof, it's already Thursday again.
Before you know it, the week will be over and we'll be, and then right into another month,
into another season.
Daylight savings for all those people that have governments that can't make up their mind
about what time it is.
And anyway, hope everyone's well.
Looking forward to getting into the nitty gritty about autonomy and DAOs.
And I would say the future of organizations.
But I think it's not really the future, but it will influence the path toward the future.
I'll say that.
So looking forward to all those subjects.
Definitely.
Yeah, I remember, I remember very, very strongly, and this would have been months ago on Moon
Riser, I did miss that, by the way, when you were talking about DAOs, Glassy.
I remember you having some insights and I would say strong opinions, but maybe, you know,
like from your experience, not just thoughts.
So I had to invite you back, had to invite you back to bring that to the table.
And this is good to hear from you, brother.
It feels like it's been a long time.
I know the time has flown.
I just can't believe it.
The months have gone by so quickly.
And it's nice doing spaces.
It's nice connecting with people in audio, in that world.
I think I may have overdone it a bit.
So I went into the kind of the overreaction in the other direction of being very invested
in IRL and not doing the virtual audio things so often.
But it's nice to return.
And I think we'll find a new schedule to be doing these a bit more regularly.
Nice.
Yeah, I think you were pretty hardcore, hey.
You were like every day, pretty much.
Yeah, it was like two to three hours a day.
So I think it's understandable.
Yeah, like 250 episodes in a row.
I was like, yeah.
That was good.
We covered a pretty good gamut on that.
Yeah, I find that even the weekly, I mean, it's very manageable.
But there are weeks where I'm not as inspired.
It's still hard to keep the consistency even with once a week.
I can't imagine doing it every day or five days a week.
That's full on.
Yeah, it was crazy.
But it was fun.
I think I would have kept doing it, like even at that ridiculous pace, if there were more – or I'll say this.
When the circumstances are a little bit different, I look forward to going back to that pace.
I'll say that.
I don't think it's – I just think it's a timing thing.
Time and circumstances.
But it is nice to get a little bit of a break.
That's a bull market rhythm, isn't it, really?
Yeah, it is.
Yeah, bull market vibes.
Yeah, exactly.
Full algo, full growth, bull market vibes, spending that time together.
Why?
To actually forge relationships and keep that net open.
It's like having office hours, but you can attend no matter where you are.
And that term is well, Glassy, over collaborations.
That's definitely something that you've been working on, man.
I much prefer that term.
No doubt.
So how do you want to do the format?
Are there like a light series of questions?
Or how do you want to –
No, is there a format?
Yeah, there is a space with no format.
It's always fun.
I mean, there's definitely an organic flow to these spaces, but we're going to just finish the round of kind of welcomings.
We've got a couple more guests.
Well, one guest, and then we've also got Psyched, who's jumped up, who is more than welcome to join the conversation.
So we'll give them the mic, and then, as we usually do, we'll dive into the topic together.
I've got a few points, a few questions to kind of keep us on track, but ultimately, we will free flow as well.
So we'll have a bit of both.
But we have – next we have AutosDAO.
I kind of like – we have two DAOs on the panel.
One DAO – I don't know too much about HiveDAO, but I believe you've been running for a while, so it's like a functioning DAO.
Whereas AutosDAO, I feel like, from what I understand, it's in the making, so it's fresher.
So I like that.
I like that contrast that we've got here today as well.
But I'd love to welcome AutosDAO to the stage.
I believe that's Depot we have behind the account.
Welcome.
Welcome to Cabi Plaza.
How are you doing?
I'm doing good.
I'm doing great.
Good morning.
Good afternoon.
Good evening, wherever you're listening from.
Depot here.
I'm a ghostwriter, a writer, and a space host as well.
I've been in the crypto space since 2014.
I've seen the ups.
I've seen the downs.
But our DAOs is actually not – how would I put it – not in the direction of most DAOs
because we are not really building these DAOs to be a project.
We are going in the opposite direction.
And what did I mean by that?
We are trying to focus on my partner who –
You're rugging a bit for me.
What was I doing?
I'm talking about if you can hear me.
Shit.
Hello?
Is that just me?
Is it just me?
Or is you rugging?
It's cutting out bit by bit.
Yeah.
Are you there, Depot?
I'm here.
I'm here.
Okay, cool.
Seems like you're back.
Yeah.
Continue.
Okay.
Okay.
I guess my network sucks.
So I was saying my partner who was unable to be here is actually in vacation right now.
He's a CM, community manager for River Rim.
And like I said, I've already introduced myself.
So we want to focus more on networking instead of what other DAOs are doing.
We want to be the go-to places.
So a go-to place, for instance, now what we are doing right now, we were able to meet Kabila.
And that's basically what we want to do.
A go-to place.
You're looking for someone to connect when it comes to marketing.
What does that will be your answer?
You're looking for a place to connect with someone when it comes to content creation.
What does that will be your answer?
You're looking for someone to connect with when it comes to a space host.
What does that will be your answer?
So that's basically what we want to do.
We are not looking to create a token.
We are not looking to create an NFT.
We just want to be a go-to place where talent networking connections are being made and are being built.
So thank you guys for having me here.
Thanks for being here.
I must say, it's refreshing to hear that.
I mean, I never say never, right?
But the fact that you're not thinking of an NFT or a token is refreshing.
So, yeah, I look forward to hearing more of your insights as we delve into the topic.
I see you went down, Ekwa, psyched.
So feel free to come up if you want to join in.
You're more than welcome.
And, yeah, just before we start, we've got a bunch of us in here, around 20.
We've got eight, five reposts.
So let's get a few more, shall we?
At least 10, 15.
Let's get the space out there.
If you don't want to retweet because you want to keep your timeline or your profile clean, leave a comment.
You know, leave an insight question or even post a tweet of your own in the comments.
Any engagement is appreciated.
Or share some love.
Just press the heart button.
Yeah.
That will do a lot as well.
Exactly.
So what's up, Patrick?
Say what?
Share the love.
Oh, okay.
Sorry, I didn't hear that.
Yeah, just press the love button.
Oh, the love.
You don't even need to share or to retweet.
If you just press the love button, that does the algorithm.
A lot of good already.
Oh, good.
All right.
Now that we've shared the love, let's get down to the nitty gritty of the question, shall we?
I'd love to get a general take, general sentiment from those of you on the panel on DAOs.
Like, do they work?
What's your general sentiment on that question?
Start with HiveDAO.
Interesting.
So, Jack, it's probably easy to explain how the HiveDAO was formed and created.
Maybe then the questions you asked would be a bit more easier.
So let me just explain.
First of all, for everyone, because I know a lot of people here probably haven't met me yet.
My name's Winston.
I originally started out on Ethereum, Jack, right?
And this was actually Infinity Days.
So I got involved in that and I started working with people, but I seen there was going to be a problem with the tokenomics.
So I ended up leaving that.
Then I ended up on Hedera and the rabbit hole just went from there.
So while I was on Hedera, I seen creamies that where they were doing digital land.
So I got heavily involved with that.
And then the crypto show, which was a watch to earn project on Hedera, they came to me and said, look, do you want to be an ambassador and do you want to work for a crypto show?
So I was like, yeah.
And then that there then was when I started to notice some things.
So while I was at the crypto show, I took a look around on Hedera and I'll be completely honest with you guys.
I was I was quite upset because community had just vanished, man.
All I seen was projects.
Now, each to their own.
Don't get me wrong.
But it seemed like the projects were fighting over the same piece of the pie.
There was no new users coming in.
Oh, thank you, darling.
So I watched my coffee.
There was no new users coming in.
And it just seemed a bit stagnant.
And then when you speak to people, they say, oh, mass adoption.
And it's like mass adoption.
It's not going to fall on our laps.
So then with myself, with Lee from Hash Pimps, with Damian and with Spectrum, we formed the Hive DAO.
Now, the Hive DAO was formed originally because when there's a rug on Hedera, it affects Solano.
When there's a rug on Solano, all of us are in the same ecosystem and we're all battling the same thing.
When we turn around to our friends and family and say NFTs, we know what happens.
They give us that look and say, oh, you know what, it's a scam and all this stuff.
And I understand that.
So what I originally wanted to do, I took a look at the Hedera Governing Council and I thought, right, wouldn't it be great if there was like a system in place where you have vetted, secured projects from multiple chains that all collaborate and work together?
Because we all fucking hold multiple NFTs for multiple wallets because I wanted Hedera to be able to safely integrate over to Solano with like less friction, knowing that they're kind of looked after under the umbrella.
Then that then honestly is pretty much where it snowballed from.
Then it ended up coming that we had Solano, we had Ethereum, we had Polygon, we had Hedera, we had Kronos now, we have XRP.
And it just became amazing. And when I seen the real thing of what the HiveDAO could do, I would probably say when there was an issue on VeChain.
So one of the marketplaces had a problem on VeChain.
So the HiveDAO reached out and then before we knew it, we had the World of V Marketplace join us and other marketplaces.
And it's all about working together and networking.
For instance, if someone had come to me six months ago, right, in all honesty and said, I want to launch NFT, put it on Hedera, I would have said, don't do it.
But it's not because of the technology, it's because of they would have really struggled, they wouldn't have been able to have the right collaborations, they probably wouldn't have got a collaboration, the marketplaces, you know, it just had to be done in a better way.
So we constructed a way so that when people join the HiveDAO, you get access to everything immediately, you can go straight on YouTube for free, you can collaborate for free, you can build relationships for free.
You want to go over and start working on XRP to launch a project, go ahead, correct collaborations, correct spaces, and the marketplace.
We have Opalence Marketplace, and the list has just gone on and on.
But then, because we're always pushing, there was something that happened within the HiveDAO.
Once we was probably about four months in, I'd say, there was a project over in Thailand.
And what they did was they literally started an NFT project in Thailand, minted out to save an elephant from captivity, and they fucking successfully did it.
And I was like, boom, that's it there.
That, to me, is someone using blockchain technology to show real-world use cases.
This is amazing.
So then we got on hold of Unchained Elephants.
They're in the HiveDAO.
And then Duncan from Climateeers came into the HiveDAO.
And then we was like, you know what?
Let's do Climate Fest.
Let's put on an event where all of these projects were in Web3.
Everyone talks about sustainability, but we are now putting on the first ever gamified three-day event in March, April time,
which takes place both in real life in London and in the metaverse.
I can't give too many details on it so far, but this is what we're going to do.
We have all of these projects in the HiveDAO.
So say, like, example 60.
We have over 60 projects.
Imagine if we get to be the – where the HiveDAO is able to build this sanctuary in South Africa, get this rhino rehomed, have canoeing involved,
have people, ordinary people, just be able to turn up to the event, utilize and see blockchain technology and its real-world use cases
without the need of going, I need to write down this seed phrase, I need to download this wallet,
because the average person just doesn't care.
They do not care about blockchains.
Mostly people I speak to never heard of Hedera.
I mean, it's pretty crazy.
And then from there, it just grew and grew and grew.
And the Hive is only six months old, guys, less than that.
And we've only ever done two spaces, actually, from the Hive.
And that's when we realized the power of collaborations, you know, because if someone, for instance, let's use –
by the way, is it Kabila or Capilla?
Because you said it, like, a bit strange, Jack.
Well, some people say Kabila, some people say Kabila.
I think I say Kabila because in Spanish, it's got an accent on the A.
So it would be, yeah, Kabila.
Oh, OK.
So take Kabila, for instance.
So if Kabila was in the Hive DAO, we would be able to get, like, this space here to all of these different blockchains
who then put it to their community.
So then you end up with a gigantic space where people are able to hear, because of the Hive DAO,
what's going on in Hedera, what's going on in Solana, what's going on everywhere.
And then, like I said, from the Hedera side, it just grew.
Then before we knew it, RQ would join, Centex would join, Blockport would join,
Eliswap would join, and it just went on.
I mean, we're teaming up with other people as well.
So on the marketing side of things, I'm pleased to tell you that NFT Daily,
we're on there next week, and they're looking at joining the Hive.
But then I was like, we need more.
What more can we offer our users within the Hive DAO?
So, and this is a first, by the way.
I just wanted to save us alpha information for you.
You mentioned education and how important it is.
I completely agree.
So the Hive DAO now, we have buildings in the metaverse.
And on this Saturday, we are going to be having an educational class for free,
held in the metaverse by one of your guests here called Bishop.
That all of this that I'm discussing with you guys, right, to have these connections,
this is straight to the founders.
We're not open to the general public yet.
And we've mixed with Climate Fest, we're planning to put on the biggest ever collaborated
event of web-free projects that's ever been done.
That's what our goal is.
And that will be in March, April 2024.
So, yeah, within six months, that's happened.
But just quickly, one more thing, Jack.
There's one area of the Hive, right, that I didn't anticipate.
I don't think anyone else did.
What kept happening, because the Hive now has some incredible minds in there, you know,
from AI to developers to do, I mean, the list just goes on, right?
People kept coming in there and saying, I need someone to work on this.
I need someone to work on that.
And then before we knew it, we were successfully giving people jobs within web-free.
Before I knew it, I was working for Moonriser.
Then I was the CMO of TextRP.
Damien's over at TextRP.
Our members are literally being able to get jobs within web-free safer because of the
way that we've vetted and the way that we're working together.
So that's one area which has been probably the thing that we overlooked, but probably
been one of those things where we sat back and been like, oh, wow, you know what?
That's really fucking cool.
Someone's now got a proper job within web-free.
But again, we thought, why stop there?
So this is quite a spoiler.
But imagine this is more Damien's thing here, right?
But what we're trying to plan to do is get apprenticeship schemes within the HiveDAO to
get people from Nigeria to be able to safely learn within web-free, within these projects
on an apprenticeship scheme.
So we are just building and putting it together.
So hopefully, Jack, that explains to everyone what the HiveDAO is, how we're operating.
And yeah, that probably gives you a brief background of all the things we're doing.
But bloody hell, six months ago, I did not think we'd be hosting events.
It would be real life, a metaverse, and all of this would happen in all honesty.
It's just snowballed.
But again, all of this is free.
I need you to understand that.
The application form on a HiveDAO, you enter it.
It goes through to the vetting team.
The AI bots take care of it because of League.
And then you can come in and get access to all these resources.
Very similar to what you're doing, Autist.
I know you're in the early start of the Autist.
But again, this space is massive, bro.
So anything with the HiveDAO can do to help you, you just reach out.
And Patrick as well, you, my friend, you've been a very great support of the HiveDAO.
I'll tell you what, funny story with Patrick, right?
Send Patrick over the white paper and documents about the HiveDAO.
Patrick literally puts loads of red writing over all these different sections
and starts saying, right, this part, that part, that part.
But that was really good of you, Patrick, because when we first started,
and I mean literally first started, you know, Patrick is, you know, it's Earthlings.
And they donated a airship and they've been really great supporters.
So I'd like to say thank you for that, bro.
And, yeah, hopefully I didn't ramble on too long, my friends,
but that is essentially the HiveDAO and what we're doing and what it is.
You're going to love this guy, Jack.
He talks as much and more as I do.
So it's my soulmate.
Well, what do you expect with our conversations, Patrick?
No, this is what we need.
We need this.
We need a lot of...
It's passion.
Patrick, if we pull off, right,
and manage to put on the biggest collaborative web-free climate-focused event
that's been done in web-free, come on.
I mean, COP started somewhere, like NFT, NYC, whatever it is,
they started somewhere on day one.
Stay in and you will manage.
And the thing is, everyone now sees,
because I can vouch for what he said.
I don't like it when people ask me,
read through it and tell me what you think,
because I have to...
I always give an honest opinion.
Just be careful what you ask him.
The thing is, he took the advice.
He said, hey, I can see...
He didn't curse me or just not responded anymore.
And that's when you know that you have a great guy on the RLN.
Because in my project, I'm rewriting a lot of my white paper, for instance,
because I've learned so much while doing this project.
So my point of view has shifted a little bit here and there.
So also, yes, we are a gaming metaverse,
but we are even focusing more and more always on gaming,
but still have these metaverse parts in it.
But it's gaming that matters, and I'm learning so much there.
But you show that if you see something can be changed,
and you see, hey, there's a good point there.
And not all of my points were valid, of course.
But then you do, and you admit to it.
So that shows that you are an honest guy,
and that's what we need in this space.
Not someone who says, I already know it all,
because what I said, I learn every week again.
I learn so much.
And yeah, you're never too old to learn.
And if you learn new things,
and you see that some way you went wrong,
we do it in another way.
But yeah, you're saying this, even openly,
man, that speaks for you.
So hats off to that.
Love it.
Patrick, and no, like I said,
Patrick put all the red writing on the white paper.
And then he said, you know,
oh, I don't want to offend you.
I was like, Patrick, no, this is brilliant.
Because again, this is something that is built
by the community, guys, for the community.
So feedback is what's made us kind of grow
to what we are at this stage.
So it's all, it's none of it's offensive.
Look, we are still learning on an everyday basis.
I am not a developer.
But yeah, I'm somehow over on the ledger
in developer spaces thinking,
what the fuck is going on here?
But it's all part of learning.
And we're, we're putting it together.
It's available.
And the most important thing is it's working.
Yes, in less than six months, guys,
this entire architecture during a bear market
has been made and is available to everyone
to jump in, you know, and it's stock all.
I mean, I wanted to get rid of those things
because collaborations are important
in our space, guys.
But what is a collaboration when someone says,
oh, great, let's put some art out.
That's it.
Bye.
See ya.
No, that's not a collaboration.
You can build relationships like this.
I mean, the community in the HiveDow,
honestly, the amount of support
that goes on in there,
like someone went in the HiveDow the other day.
They were like, I need help with this.
And then Lee's doing that.
And then you've got the developers
and behind the scenes, by the way,
Lee is absolutely kidding it.
The bot he invented,
it was able to talk from Telegram straight to Discord.
And then it posted from Discord.
And it's currently working on Pollen V2,
where the application process
to get into the HiveDow will be automated.
So, you know, and like with each member in there,
one of the things that I definitely find important though,
right, and this unfortunately is kind of,
we kind of, it's been difficult
because remember the days
when people just had a profile picture
and then they could launch a NFT project or whatever.
In my opinion, those days are coming to an end
because now you need to know who's behind it
because of the amount of damage
that's been done to the ecosystem we love.
You just got to know.
So that's why with Kabila
and obviously Earthlings and Glassy,
knowing the people
and actually talking with them helps.
And yeah, I mean, like I said,
we're getting as much feedback.
We're working on all these things.
And if we pull off the biggest climate event,
I mean, we're going to have
Canoon the Elephant part of it.
There's going to be, you know,
YouTube and documentary.
The list goes on and on.
And all of this, guys,
has been done, like I said,
in a bear market
because at the end of the day,
no one else was doing it.
So it's like, right, next thing, next thing.
So yeah, that's essentially what we did.
And Patrick, thanks.
Your feedback's always great, bro.
And we have, I think we have now about,
oh God, you know what?
We have so many blockchains
and we have people who aren't even involved
and they're on Web 2
and they want access into Web 3.
So, you know, we've had
so many different applications
and we are backlogged.
But I promise you, you know,
if you enter the Hive DAO,
all of the things I've discussed here today,
read through the white paper.
You can have Patrick's version if you want
with all the red writing on it,
but read through it,
take a look at what we're doing
and understand this is free.
You don't need those DMs of promotion for 1E.
Oh, fuck that.
It's, you know, that's just how,
it's just not the way it is.
And not what's strange yet,
straight up, right?
A lot of people use Fiverr
to get their employees
and that into crypto, straight up.
And I was like, man, that's not good.
So in the Hive DAO,
we are doubling down
on the way the job application processes work
because there's many jobs available.
Glassy, my friend,
I'd like to say a massive thank you to you
because Glassy made me an editor on MoonRiser.
It's been brilliant to be able
to put out articles regarding what's going on.
And yeah, that's,
I've gone on again, Patrick and everyone.
I'm so sorry.
And Otis, you look like you wanted
to ask me something, brother.
You ask away, my friend.
Oh, not really a question.
I just want to say thank you.
A quick one.
A mind that is open to education
will be closed to jails.
If you have a mind.
Can you guys hear me?
No, I have a mind.
Sorry, I didn't quite understand.
I think it rugged a little bit there, bro.
Okay, can you hear me now?
Yeah, yeah.
Okay, good.
I said a mind that is open to education
will definitely be closed to jails.
I mean, if you are educated,
you wouldn't even do anything
that will move you closer to jails.
So I want to say thank you
to you for building up
on educating people,
you know,
onboarding people onto Web3.
A quick one.
You mentioned Nigeria.
I came from the deepest slum
in Lagos, Nigeria.
Okay, my friend, listen.
First of all, thank you.
And yes, this is something,
look, I'm just going to be
completely honest in this.
This is something that bothered me.
I entered a space in Hedera
about seven months ago
and I was very, very upset by it
because I heard some horrible things
about Nigeria.
And I thought,
is that really what our ecosystem
has come down to?
And it's like, no.
So, you know, like with Nigeria,
Damien's in the crowd.
He's also one of the fans
of the HiveDAO
and he's building crypto junkies.
Now we are focusing
on getting local communities
in Nigeria
and we are wanting to build
apprenticeship schemes
to help people
onboard them in Nigeria
into Web3.
And again,
we are offering this for free
because nobody's doing it.
So we want to help,
you know,
and that's what it's for.
And Autis,
anything you need,
because this space,
again,
this space is massive,
my friend.
So anything you need
on your journey
or if you want to team up,
collaborate,
more than welcome, brother.
And definitely with Nigeria,
I think,
connect after this space as well.
I actually gave you a follow
and that's the major reason
why me and my partner,
we are actually building
Autos there.
My partner is actually
from Singapore.
He's not here today.
He's on vacation.
I myself,
I'm an astounding ghost rider.
Sorry,
you kind of cut out a bit there.
You said what?
Hello?
Yeah,
connection is not too good,
Autos.
Kind of cutting off.
I'm sorry,
but can you guys hear me?
Yeah,
sounds okay again now.
I can hear you now,
bro.
Okay,
okay,
good.
part of why we are building
Autos now
is actually to
onboard people.
we don't want to go
the traditional route,
you mean,
and all these,
we are building the dial
just to onboard people,
train them up.
My partner is actually
an astounding community manager.
He's doing great at it.
He's a space recapper.
Spaces like this,
my partner will be in there,
listen to everything
you guys are saying,
then put it up
in a written format
for people to read
each speaker
with the cues
from what you said,
put it in the written format
so that people
can just read about it.
And we want to bring in
people
from all of Africa,
probably,
but basically Nigeria
because I'm a Nigerian myself
and I know
what my people
are going through.
I want to bring in
more people
onto Web3 scene,
you know,
create jobs for them
and train them.
Most of the money
that I've ever made
in Web3
are basically
going to books,
courses,
because I
got more than
300 books
ad cover,
as in paper books,
I've got more than
300 books,
I've,
you know,
bought more than
20 courses on Udemy,
you can name it.
I just want to bring in
my people
into AutosDio,
train them up,
make them
exceptional
or make them average.
You don't have to be
exceptional to work
in Web3.
You just have to
pick some dots.
It's amazing
and bro,
we're on the same
mission and yet
without fail,
again,
let's build a
relationship.
I think what you do
is amazing,
especially on the
educational sector.
The way the Hive
Dow educational works
is it's actually
going to take place
in the metaverse
so you can make
your little bloke
and run around
and that's pretty
insane,
I know,
and that's ready.
That class will be
available on this
Saturday at 1pm
EST for those
who want to jump in,
literally jump in.
It's free
and with
regarding creating
apprenticeship schemes
for people in
Nigeria,
you know,
like some people
in Nigeria,
for instance,
they don't know
how to operate
Discord and it
may sound silly
but,
you know,
there's little
things that we
could help with.
with the Hive
Dow,
for instance,
and obviously
crypto junkies,
right,
if we create
the apprenticeship
scheme well
and we are able
to successfully
bring people
from Africa,
train them
and send them
into an
apprenticeship
method within
some great
projects,
for instance,
that is remarkable.
That's bringing
in new users
and then those
new users
can navigate
Web3 safer,
they can learn
about it,
they can be
in the midst
of it and I
don't think a
scheme like that
currently exists.
fuck it,
why not?
Add it to the
list,
let's do it.
As simple as
that,
no one else
we're there.
Yeah,
man,
that's why I
said I really,
really resonated
with what you
guys are
building in
the app
dial and
probably I'll
find a way
to link you
guys,
to link you
up with my
partner.
I'll probably
give him a
feedback today
because he
was supposed
to be here
and it was
really,
really pain
that he
wasn't able
to be here
but I'll
give him
a quick
rundown
and he
probably
will catch
up tomorrow
and just
up on the
call
and see
how we
collaborate.
Yeah,
we'll do it
without fail
and this
is the
thing,
this is why
the hive
dial is
here for
like moments
like this
when these
relationships
are created
and then we
tag it.
Definitely,
definitely.
And to
answer the
question,
Kabir,
Kabir,
to answer your
question,
I think you've
got the answer
already whether
a dial actually
works or not.
I forgot the
question.
Yeah,
I think,
I think he's
already got the
answer.
I forgot the
question.
This is a
practical example
that dial
actually works
if it's been
done properly
and if the
structure is
been built
up properly
because most
of the dials
are that they
are grifters
or they just
want to make
quick bug,
you know,
maintain NFT,
creating tokens
that are not
necessary or
not needed.
But I think
I've dialed
and authors
dialed,
we are trying
to do something
different.
I'm not here
for the money.
I've made
quite some amount
for myself.
I just want
to onboard
the next
million users,
the next
million Web3
workers so
that projects
like Kabea,
like Earthlink,
will be able
to work with
reliable personalities
in Web3.
So that's what
I'm living for.
It's fantastic,
my friend.
And like a friend
says to me,
because funny
enough,
Glassy is a
Hivedown
member.
So Glassy
said many
bees make
for light
work and
that literally
is the way
it's been.
with regards
as you said
then,
the architecture
and everything,
understand this
has been by
the entire
Hivedown.
This hasn't
been something
that's been,
this cannot be
done alone.
Simple as that,
like,
the Hivedown
is all of the
community members,
they are active,
they are working,
they are,
and you've got
to remember,
everyone here
runs a Web3
project or
everyone runs
their own project.
So we wanted
to make it
so that it
wasn't a lot
of work for
everyone.
So all it is,
when you look
at the Hivedown,
it's quite simple.
What can the
Hivedown offer
me and what
can the Hivedown
It breaks it
down to that.
And the main,
main,
main thing when
we get rid of
all of the
jargon around
it is working
together to
help the
community.
That's all we're
doing.
And it seems
to have been
like really,
really effective.
And I definitely,
and I'll be
honest,
I didn't see
this happening
so fast within
six months.
But I suppose
that's Web3
for you,
isn't it?
I suppose it
But there was
something I was
supposed to say
then,
and I've
completely forgot.
Oh, yeah,
regarding the
educational thing.
Yeah, I think
that's brilliant.
Can't wait to
link up with you
after this.
I'm not taking
over Kabila's
space.
So, Jack,
I do apologise.
You asked me
one question,
and I went on
like that.
So, I'll be
quiet for a
moment, Jack.
I'm so sorry.
No, I think
it's given us
a really good
foundation,
like a really
good context,
like using
HiveDial as an
example, right,
of what you
guys have been
building to
give people,
like a real
life example,
like something
that's actually
happening.
I do have
a question
regarding the
DAO,
but I'd love
to hear from
Glassie,
because the
comment under
the spaces
was generally
So, the
question is,
why is the
HiveDial working?
Like, what's
different, or
what's your
take on this
whole thing?
Do they work?
Do they not
work?
Alright, so we
started with a
really hyper-specific
answer.
You might say an
anecdotal or a
use case, like
we're examining a
live, a living
case, so that's
great.
Now, I think
if we zoom
out, if we're
like, go to
like a 30,000
foot altitude,
10,000 meter
altitude or so,
now we could
maybe examine it
from a different
standing, even
just to say,
well, what is a
DAO?
Like, what
separates a
DAO from
other ways of
operating, right?
You might have
a cooperative,
you might have
a group, you
might have a
trust.
You know, by
default, if
you're a group
of people
working on
something, by
default, you're
treated as an
association.
You know, I
don't think
people really
understand the
difference of
different entity
types and
organizational types
and that over
time, this has
been an issue
that has
essentially been
like a key
situation or a
key thing we
have to deal
with as humans
like since
forever, since
forever.
How do groups
of people actually
work together to
accomplish something
more than
they could
ever do on
their own?
So a DAO, the
evolution of a
DAO is the
idea to say,
well, we have
a decentralized
way of
essentially
maneuvering as
a group,
making decisions
that affect the
group, making
decisions that
could result
directly in
financial impact
that might be
that you're
raising money or
that you're
building a
treasury, how
you're going
to operate
the treasury,
how you're
going to
operate the
organization.
So at the
heart of it,
it is to
say it is a
tool for a
group of
people to
use, much
like you
might say a
bicycle built
for two is
a tool for
two people to
go for a
bike ride.
You know, it
has two seats
and two sets
of pedals.
So a DAO is
much like a
tandem bicycle,
but it's built
for more than
one person.
And instead of
being able to
ride a bicycle
around a road,
you have this
tool that
gives you the
opportunity of
making decisions
together and
dealing with the
treasury.
That's kind of
at the heart
of it.
And generally
speaking, without
a thing like a
blockchain or
a ledger, there
would be no
discussion of a
thing called a
DAO.
So in a lot of
ways, they're
directly connected
to each other
because this
blockchain is both
giving the
economic layers
as well as
the decision and
voting layers as
far as giving
transparency to
those votes or
issues.
But there's, I'll
say this, the
reason why I put
generally no, why
do they generally
not work?
And this is after
working with
dozens of
different groups
and DAOs and
just having my
heart broken a
dozen or more
times.
Because I believe
in the essence of
what it stands
for.
You're like, oh,
this is the best
tool ever.
This is like a
silver bullet.
It should work
all the time.
And it's actually
almost the opposite.
And I'll say
why.
It's because
people are not
necessarily in a
position where
they've been
conditioned.
They haven't
received the
training and how
to use this.
Right.
How many people
have ever ridden
a bicycle built
for two?
Even a simple
thing like that.
Probably everyone's
ridden a bicycle,
but maybe no one's
ridden a bicycle
built for two.
That's just an
awkward.
I don't know.
You've maybe seen
it on a TV show
or something.
Yeah.
On TV.
Yeah.
But if you've
never been trained
in it, you'll
never be able to do
Or maybe you
go to the
circuit.
I'm Dutch.
I'm Dutch.
I wrote.
Maybe you did.
Okay.
So one out of
everyone that's
here, Patrick,
is maybe the one
person that actually
has face-to-face
interaction with it.
Anyway, DAO is
like that too.
It's like the
training of a
new tool.
The training of
a new tool.
And if Patrick's
the only one that
has had the
training in the
new tool, it's
going to be hard
for everyone to
ride that.
So we need
training.
We need more
training.
That's my basic
point of it.
And training about
things like how
to even design.
Like even we're
just using foreign
terminology.
We're saying like
things like, oh,
well, it's great
for operating your
governance.
Like how many
people were
worrying about
governance before,
you know, like
last week when you
didn't hear anything
about a DAO.
Were you thinking
about like, we
really need to deal
with this governance
issue.
So maybe they
were.
And if they
were, then great.
Then you're moving
towards a toolkit
that may address
some of your
issues.
But you might
have to go
training in that.
Right.
Things like what
is even autonomy?
What even is
that?
Things like
autonomy, things
like governance
and picking
models and
understanding what
choices are
available to you.
Oh, we can
vote.
Great.
We can vote
on chain.
Great.
But then you're
like, but how
are you going to
wait that vote?
How are those
votes going to
weigh?
And if so, if
someone has
10,000 tokens,
does their vote
count for more
than a person
that only has
one token?
These are very
fundamental
questions and
things that I
think by and
large people
were never
trained to
consider or
how to debate
or arrive at
the right
version of
that kind of
tool set for
them to actually
be able to
operate on.
And also it
could take so
long to figure
it out that
by the time you
figured it out,
you completely
missed the
boat on
actually being
able to
execute whatever
your goal or
mission was.
So it's kind
of a pointy
operating system.
I'll just say
that.
Not that it
can't work,
but there's a
lot of points
of friction
operationally.
Why it's
difficult in
comparison to
say something
like agile
or bootstrap
methodology,
like a lean
methodology for
developing
organizations,
you would
find a lot
of efficiencies
of early
action that
are not
generally present
when you're
dealing with
DAOs.
And do you
think there's
room for
something hybrid,
like to
leverage that
efficiency that
you talk about
whilst also
leveraging this
new tool?
I think it's
something more
like you grow
into it.
Like it might
not be for
step one,
but it might
be for step
10 or step
30, or you
might need to
consider, much
like planting,
I think the
best metaphor
for planting
is, well, you
might not get
the fruit
immediately, you
have to figure
out how do
you treat the
soil, and
then maybe
what plants
for companion
planting, to
plant next to
each other, and
then you tend
after the plant
for a while, and
then eventually
you get the
fruit.
So I think
it's something
you grow into
maybe, and
it's not so
important to
say like the
DAO is the
most important
thing, so
much as the
mission is the
most important
thing, and
when you get
to a certain
point along
that development
of that
mission, if
that's the
right sweater
to wear, if
that fits, then
put it on at
that point, as
opposed to
saying like, we
need to start a
DAO.
It's like, do
you really?
Progressive.
Yeah, really
check it down.
Progressive DAO.
Yeah.
Maybe grow into
that.
Like working
towards it.
Or do
something like
just use it
for some
very specific
parts of your
organization, rather
than saying every
operational decision
we're ever going
to make is going
to be to the
best and highest
standards of a
DAO.
Instead of doing
that, you might
say, we're going
to manage our
treasury with a
DAO, but
operationally, we're
going to have other
ways of getting
stuff done so that
we're not left to
essentially where
the biggest friction
point is getting
people to vote.
People aren't used
to voting.
They don't vote.
They don't pay
attention.
They don't take
the time to vote.
Then you're held
Then you want more
people's input.
You're like, we
have this great
tool.
Everyone can give
input.
But you know
what?
Most people don't
want to give
input.
They don't want
to vote on
everything.
So anyway,
there's also
certain things
and certain
expertise that's
needed for certain
decisions, right?
Yeah.
That maybe not
everyone or not
everyone of a
different department
is going to be
able to have
the necessary
information even to
have.
Yeah.
Correct.
Yeah.
Or even
I like the idea
of maybe using
this.
Yeah.
Also, I like the
idea of, well, on
the one hand, the
progressive moving
towards and growing
into, but also the
idea of maybe using
it for some part of
the organization or
some part of the
business and not the
entire structure.
That makes a lot of
sense as well.
A hybrid.
The best example I
ever saw of a DAO,
and I'll keep it short
just because I see a
bunch of hands up.
I want to make sure we
pass the mic around.
But the best example
I've seen of a
functioning system
using DAOs, the
people don't know
each other.
It's like truly
autonomous where
people are plugged
into a system.
They're operating
pieces of real
estate that they
collectively own,
but they actually
don't know the
co-owners.
It's just they have
the voting mechanism
and they can vote
through this platform
and engage in it
and operate their
management of the
property.
but they don't
actually know the
person.
So it takes out
that kind of
social chemistry,
politic kind of
element that always
seems to go wrong.
But yeah, I'll hand it
right over to you to
pick whoever.
Yeah.
So, Depot, I believe
you had your hand up
first.
Go for it.
Yeah.
Yeah.
Quick on glass, you
made a whole lot of
sense.
the key point that
I've been able to
deduce from what you
said is that
everybody can be
given some sort of
power to weed
influence because
some people, they
don't really know
what they want.
They don't really
know what they are
doing.
If you have this
kind of people in
a dial that they
have some sort of
power, maybe to
vote, to decide
next line of action
and they've decided
to use their
influence or their
power not to vote,
they will actually
derail the project.
I mean, they will
not allow the
project to move
forward, which is
very, very bad.
So, I think the
right way to go is
the hybrid method
that you suggested.
We can use the
traditional method
to operate, then
to cast forward
or to, you know,
to give some sort
of power to some
set of people
within the dial.
Then we go to
the dial to
form the
governance.
So, I think
you really made
a lot of sense
and I've noted
that down.
I've personally
discussed it with
my partner.
You can't let
everybody wait
or sort your
power in a dial.
With that being
said, Kabea, I
have to move.
I need to support
a friend of mine.
She's a creator
as well.
She's hosting her
first place today
and I have to be
there for her.
Congrats.
So, I really
love this conversation
and I can't wait
to do this again
with you guys.
You're always
welcome to
Kabea Plaza.
We do it every
week.
It's been great
having you,
friend.
Take care.
Have a great
rest of the day.
Speak to you
soon, Otis.
Take care, bro.
So, I'm not
sure who had
the hand up
first but I'm
going to, I
think, H-Bar Joe
was up on stage
first.
Hey, everybody.
What's up?
How's it going?
So, a lot of
thoughts.
A lot of them
you just covered
while I had my
hand up.
But, if you
talk about an
autonomous
organization, if
you're voting on
something, don't
you really need
to be informed?
And a perfect
example is,
there's a high
school or college
that had a vote
to change their
mascot name.
So, it was an
open vote.
Everybody got an
equal vote.
And instead of a
realistic, normal
mascot, the winning
name was something
like Mickey
McPherson, McDucky
Face.
And it's silly and
it completely makes
no sense for
marketing.
And because it
was trendy,
everybody voted
on it because it
was funny.
And when you're
talking about
something bigger
than a mascot,
you're talking
about voting on
an organization's
decisions.
I think that
openly voting
without proper
information or
proper skill set
to make those
decisions,
can be bad.
Okay, then you
weight it and
you give somebody
weight for how
much of the
project or how
many tokens
they own.
And you expect
somebody to not
look out for
their own best
interest as
opposed to the
best interest of
the business.
there's another
problem.
So it leads to
the possibility
of a hybrid
model working
where the
business makes
the decisions
and gives a few
options for
voting, which is
what Karate
Combat's done
with their
voting.
But a true
doubt, I think
we're so far
away from it.
you can do
it and I
just want to
see a
billion-dollar
business turn
into a true
DAO and
succeed because
I just don't
see where
you can if
it's completely
decentralized and
autonomous and
you're just
letting the
community, unless
you have to be
educated on the
topic and
informed to
even be part of
the community to
get a vote.
But if it's
truly open to
everyone, I
just don't see
it working.
I have a
pretty good
idea.
I feel like I
came in as the
harshest critic
and most jaded.
I could get
the most jaded
pin.
Also, I was
laughing at the
intro because I
was thinking to
myself, you
know what?
I had a
eureka moment
earlier, how
when you're
introducing
yourself, it's
a common thing
where you say
how long you've
been.
First of all,
it's funny because
there's an
Alcoholics Anonymous
kind of thing.
How long
have you been?
How many years
do you have?
You're like,
hi, this is
my name.
I've been in
crypto for
four years.
I was laughing
to myself because
part of that is
how jaded you
are.
If you hit
four years,
you're probably
pretty jaded.
You might be
two years in,
you might still
feel really good
about certain
things like
DAOs.
But anyway,
through the
course of this
conversation, I
actually feel
like I'm getting
so many ideas
as people are
pointing out the
friction points.
where to
actually make
this actually
function.
And I think
it's more on
the intelligence,
the intelligent
data, automation
and intelligent
or augmented
intelligence,
more like we
need a deeper
tool set and
features on the
autonomous side.
If it was
actually pulling
in data from
the activities
of the
constituents
constituents and
then regulating
and basing on
their activity
and behavior,
votes were
automatically
cast.
Well, now we
could be taking
out some of
that social
friction of
educating people.
They already
don't have
enough time.
They don't have
time to be
educated.
So even if you
had the best
education system
in the world to
educate them on
the votes,
they wouldn't go
through it because
they don't have
the time.
But if you
were actually
pulling information
based on their,
I don't know,
who they're having
meetings with,
the conversations,
who emails,
what deals close,
whatever it is,
just based on how
they're spending
time and the way
that they're
spending their
time, data
could be pulled
out of that
strip and at
least waited,
if not votes
automatically cast.
I think that kind
of system could be
great.
Now everyone's
voice is heard
based on their
activities and their
actions, you know,
like walk the
walk.
That's interesting.
So we're
talking integrating
AI, like to
automate, to
process the data.
AI would process,
yeah, exactly,
would read the
data and be able
to make
intelligent, like
either make a
dashboard out of
it or even
better, put more
autonomy on the
decision making
and operations,
which might be
really great
because if you
see a certain
team is doing
really, really
great work,
then they might
automatically have
additional resources
put at their
disposal.
So, you
know, if
they're getting
great traction,
then, you
know, operationally
they're probably
bringing a lot
of efficiency.
That's really
interesting,
Glessie.
Yeah, very.
I'd love to
throw it to
Bishop.
You've been
there patiently
waiting with
your hand up.
Welcome.
Thank you,
So there's a
few points I
want to make
here, and the
first of which
is what is a
DAO truly?
When you break
it down to
what a DAO
truly is, it
is a community
of people,
okay?
They share
similar beliefs,
knowledge sets,
skill sets,
et cetera, et
cetera.
Now, think
about this for
just a moment.
The Stumerians
who lived 2,000
years ago, their
community was
essentially a
DAO.
So a DAO, in
all seriousness,
is nothing more
than a community
of like-minded
individuals that
share beliefs,
morals, values,
and goals.
So there's that
point that I
want to make.
Number two,
there are more
than seven
different kinds
of DAOs.
And that's a
lot of DAOs,
and there's
different ways
that each one
of those types
function.
Okay, so to
just classify it
as a DAO is,
I guess, a
little misleading
because is it a
philanthropy DAO?
Is it a social
DAO?
Maybe it's a
collector DAO.
I don't know.
But to just
throw the term
DAO on it,
number one, I
think, became a
fad about two
years ago.
Everybody thought
they had to have
a DAO if they
were in Web3.
And the reality
of it is, if
you're building a
community the
correct way, you
don't need a
DAO.
You don't, and
the other side of
it is, is when it
comes to the
IRS, do you
guys have any
idea, at least
in the United
States, how
complex a DAO
can get and
involved with
government and
regulation and
IRS?
Don't give me
a headache.
I'm telling you,
it's a boatload
of crap.
Okay?
So what I'm
saying is, is
that I think
DAO is a bit
of a fad.
Everybody thinks
they have to
have one, and
the reality of
it is you
don't.
You build a
community the
right way, DAO
doesn't even
exist.
It's community,
it's family.
And that's kind
of how I feel
about it.
So, Bishop,
you've put an
application into
the Hive DAO,
right?
And you have
researched and
read everything on
the Hive DAO,
and obviously
you've spoken
with me and
you've spoken
with numerous
people here.
So do you
feel that it's
the community
why you've
applied to the
Hive DAO?
Do you feel
that is the
strongest point
of it, as
you were
stating?
So do you
think it's
more about the
community side
of it and
getting the
right community
and bringing
people in and
having all the
different skill
sets?
I do.
I feel like
it's more
about community
than a
quote-unquote
DAO.
And the
thing about
it is that
collaboration
should be
the number
one focus
of anybody
because
J. Paul
Getty said
it best back
in the early
70s.
He said,
why do the
work of 10
men by
yourself when
you can do
the work of
100 men
with 10?
And so
that's kind
of why
after our
conversations
regarding
the hive
DAO and
things,
one of the
many reasons
why I was
intrigued to
the point
that I
wanted to
apply and
see what
was what
and I've
had the
opportunity to
do that
without even
officially being
in the
hive.
But I
think that
oftentimes
people get
it's almost
for me a
borderline
FOMO
tactic.
It's to
create a
fear of
missing
out.
And I
think much
like white
papers,
white
lists,
white
lists are
a tactic
to create
FOMO.
The reality
of it is
if you go
back and
look at the
statistics for
last year,
the year
before,
90% of
NFT projects
regardless of
what they were
based on
never even
minted out.
The 10%
that did
mint out,
out of that
only 4%
minted out
within 7
days.
And out
of that,
remaining
took nearly
6 months
to mint
out.
you know,
the reality
of it is
I'm not
a fan of
FOMO or
FOMO
tactics.
And I
think Dow
has become
one of
those tactics.
I think
white lists
are certainly
one of those
tactics.
And the
reality of it
is they're
not necessary.
That's a
really
interesting
topic there,
Bishop.
a lot of
the stuff
I agree
with what
you're
saying.
I mean,
I've had
the pleasure
to have
numerous
conversations
with you.
But I
can only
say that
with regards
to using
the Hive
Dow now,
we've
removed the
friction that
was there
between these
blockchains.
The friction
has been
removed.
Here's an
example.
Mad V8s
are on
VeChain.
Mad V8s
was able to
join Hive,
they were
able to get
the correct
collaboration,
and they
were able to
get the
marketplace to
launch.
And that
is bringing
new users
onto Hedera
due to the
power of
the Hive
Dow.
And it
goes with
all of
the blockchains.
For instance,
some people
now are
getting prepared
to launch
on the
ledger.
we've been
able to
remove the
friction.
And the
way to
do it,
in my
opinion,
is it
needs to
be a
community
or face
to face.
People need
to know
who they're
working with.
And I
think the
removal of
that,
I know you're
not a fan
of docs,
Bishop,
but for
instance,
I've
actually met
you.
I now
know who
you are
as a
user.
I think
due to
all the
things that
have happened
in the
community
and this
bear market
and everything,
I think
there's been
like a
more grounded
approach where
projects are
now obviously
launching.
We know
who they
are.
They reveal
themselves.
They talk
and they
work and
it's better
in my opinion.
I know that's
slightly off topic
to what you
said,
Bishop,
interesting.
I love
everything
you said,
Bishop,
especially
when you
said if
you're
building a
community
the right
way,
you don't
need a
DAO,
but you
started saying
that a
DAO at the
core is
really just
a community.
what's the
extra parts
that you
don't really
need if
you're already
building community
in the right
way of this
trend that you
talk about?
Maybe it's the
governance.
I don't know.
You don't need
everyone to vote
on everything.
That's pretty much
at the heart of
But yeah,
Bishop,
please jump
back in.
okay,
a community,
at the end
of the day,
as far as
a DAO is
concerned,
the real
only difference,
and it's not
even governance
that's the
difference between
a community
and a DAO,
because there's
still ultimately
in most
communities,
and we'll use
the United
States as an
example here,
but Americans
are a community
of people within
in the United
States.
Yes,
we have a
governance
system called
politics.
that, in
a sense,
is a community.
Okay, now,
is it a good
community?
It depends on
who you ask,
and I'm not
going to give
you my
thoughts and
ideas on
that,
but,
you know,
wow,
yeah,
yeah,
definitely.
But, you
know,
take X users.
We'll use X users
as another
example.
Overall,
you know,
the 550 million
or whatever
number it is
now that are
using X on
a monthly basis,
that's a
community of
people that
believe in X
and what X
is building
and utilizing
it as a tool
for their
benefit,
okay,
in some way,
shape,
or form,
whether it's
to stay
informed,
whether it's
to solicit
their products,
whether it's
to build
friendships
across the
globe,
whatever the
case is,
okay,
but as a
whole,
there's a
community
known as X.
Now,
within that
community,
there are
governing rules.
You don't
spam links.
You don't
interact with
bots and
all of these
different things.
But X
isn't a DAO
by any means.
It's a
community,
okay,
and then you
have all these
sub-communities,
whether it's
Web3,
whether it's
gaming,
whether it's
Pornhub,
whether it's
whatever,
okay,
each one of
them has
their own
kind of
expectations
and standards.
again,
I don't
feel like
throwing the
term DAO
out there,
which I
don't feel
like that's
necessary.
And I'll
give you an
example here
of what I'm
doing within
my community
and my
organization
as a matter
of fact,
the logo
that you
see on
my PFP,
that was
chosen by
the community
on 27
different social
networks,
okay?
I gave them
five options
that were
presented to
me from
the artist
and I
said,
pick them
and I
said,
whatever one
wins,
that's the
one we're
going with.
Why?
Because it's
our community
and I'm
knowledgeable
enough to
know that
without the
people behind
I have
absolutely
squat.
I don't
have,
you know,
and so I
think that
that by
definition is
community and
I think that
we need to
try starting
to number
one for
tax reasons
at least
in the
U.S.,
stay the
hell away
from the
term
Dow.
You know,
because again,
it does
create a
whole
another load
of issues
but,
and not
only,
I only learned
that because
I have a
friend of
mine who
was an
accountant
for the
IRS and
she's like,
no dude,
stay completely
away from it.
There is so
much red tape,
there's so
many governing
policies,
you just
don't want
to mess
with it
unless it's
an absolute
necessity and
I don't feel
like 90%
of the
quote-unquote
Dow's that
are in
Web3 right
now are
an absolute
necessity.
I think
they're more
again,
a FOMO
tactic or
maybe even
a power
trip,
I don't
know.
You know,
and for
I just,
every decision
that we make
moving forward
within my
organization and
brand is
being made
based on
the general
consensus for
the most
part of
the people
that support
me because
I know
without those
people supporting
I'm going
nowhere.
And at the
end of the
day,
my ultimate
mission is
to make
those people
successful.
So I need
to make sure
that I'm
putting those
people first
rather than
my own
pockets,
rather than
my own
life,
whatever,
so that I
can make
them successful
because I
know that
karma and
fate exist and
they will come
back to me
and by making
those people
successful,
I myself
will eventually
become what
I deem as
successful.
Now, you
also need to
understand that
success for
me is different
than success
for Winston.
It's going to
be different
for Kabbalah,
you know,
and so we
are completely
different people,
so all of us
are going to
have different
takes on what
success is
defined as.
Now, me,
success is
defined as for
my goals to
be the Anthony
Robbins of
Web 3 in
education
specifically.
Okay, I
follow Tony or
Anthony Robbins
on a regular
basis and I'm
an educator within
the space.
That's what I
I sit at my
computer for
hours on end
reading articles
about everything
and anything I
can get my
hands on that
revolves around
Web 3,
revolves around
business ownership
or small
business startup
or whatever.
and I
mean, I
spend time
on, I
can't tell
you how many
sites, but
you know, I
have to do
that because
that's where I
envision myself
being in 10,
20 years, you
know, being that
Anthony Robbins of
the Web 3
education sphere
and I want to
see people be
successful.
So the best
thing for me to
do is, number
one, I love
learning.
I love
studying and
all of that
stuff.
So I feel
like knowledge
is power.
So if I have
the ability to
teach you how
to fish for
yourselves rather
than just
giving you a
fish, then I'm
giving that
power to you
as a business
owner, as a
Web 3 creator,
as a business
person.
You know, so
that's where I'm
at with things
and I hope that
answers your
question.
With community,
I think that is
kind of something
that we all
agree on, that
the community
is the power
and the driving
force behind it
and like you
said completely,
take the hive
down.
Without the
community, it's
nothing.
Okay, so
the whole
community, again,
the hive has
been built by
the community
for the
community, but
you do
definitely raise
some interesting
questions there
and everything,
Bishop.
It's always a
pleasure, my
friend.
Joe, you got
your hand up,
friend.
What's success
for you?
No, we were
advised not to
have a DAO
because we have
so much
community in
the US and
co-op was
probably the
only way to
but if you
look up
top, I
just linked
SaucerSwap
just established
their DAO
in Florida
and it's
the first,
I don't
follow a lot
of other
chains, but
it's the
first big
company on
Hedera that
I know of
that has
openly said
they have a
DAO in the
So I thought
that was
interesting when
I saw it
and with this
conversation, I
just put it
up top.
So if
people want
to look
more into
that.
Cool.
Joe, you
said you
don't get
involved much
with other
chains.
Is that
what you
said?
Yeah, I
started on
other
chains and
I had a
lot.
Sold a lot
of NFTs
early, made
a lot of
20, 30
Xs, got
into the
central land
early and
calculated
how much
in fees
I was
spending and
then I
went into
the central
land when
it launched.
Spent about
an hour in
there and
decided it
was the
most ridiculous
place I
ever been.
I sold
everything,
increased my
holdings in
Hedera.
It's about
the time
Hedera
NFTs started
coming out.
Got into
some of
those once
hashback
marketplaces
were
established
and went
all in
with my
time with
Earthlings.
So most
of the time
when I'm
on other
chains is
just doing
research for
Earthlings,
specificity on
things like
DAOs or
governance,
mostly just
gaming and
things like
that.
So yeah,
no, I
I don't
take money
that I
can't lose
and put
it in,
so I
don't feel
like I
need a
balanced
portfolio.
I'm all
or nothing
on HST
tokens and
HBAR,
and that's
what I've
just decided
to do.
No, that's
great.
And it
really gets
to me as
well, because
some of the
things I
suffer with
obviously is
when I'm
talking to
people in
the hive
and they've
never heard
of Hedera,
and I've
got to be
honest, that
seems to be
a common
thing, that
they haven't
heard of
Hedera.
So obviously
with my
passion and
love for
Hedera, that
was one of
the things
that I
wanted to
kind of
bring to
all the
other chains
and say,
look, you
know, this
is what
Hedera is
doing, we've
got this,
we've got
that, and
then like I
said, it
just snowballed
and it just
grew now to
the point where
the friction
side of it,
that is one
thing, because
obviously, as
you just said
then, Joe,
you look at
other chains
but you're
not really
interested, but
I think the
method of
what the
Hive Dao
is doing is
it's removing
that friction
because you
are able to
literally go
to the biggest
projects on
the chains, the
marketplaces of
the chains, and
directly communicate
with them, and
laboring you to
be able to
collaborate, speak,
and form
relationships,
literally within
a few messages,
because you've
got direct access
to the founders,
but the friction
side of it, with
Hedera, for
instance, there's
been many members
now that have
been like, oh
wow, I've got my
first NFT on
Hedera, check this
out, and all
that, and it
has been cool, and
on the other
side of it, you've
got people
obviously on
VeChain, and
some of the
things they're
doing, and then
we move into
what's currently
going on with
Fidgitals, and
then that obviously
takes me back to
the Climate
Fest event, I
mean, imagine
being able to
buy merchandise,
you scan it
with your phone,
and you know
what, you've
got an NFT,
how is that for
Web2 users, it
gets rid of all
that bollocks
that we suffer
with, and it's
just an easier
method, because
like, I go
through, it's so
true, the average
person doesn't care
about the
blockchain they're
on, they don't
care, they don't
want to know
about it, they're
not going to
write down C
phrases, it's not
going to happen,
so the way, in
my opinion, and
this may sound
quite funny, is
soccer mom, that's
one thing I was
talking with
Patrick Bowacky
actually from
Zoom, and
soccer mom is
what we all
need, because
when my wife
turned around to
me, about a
month and a
half ago, and
heard what I
was doing, she
never paid
attention, she
bloody hates
everything I
do, but when
I was talking
about Climate
Fest, and she
went, oh wow, an
elephant, how do I
get involved?
Honestly, that's
the first time that
she's ever done
that, so then I
was like, boom,
that's it, that is
the thing in my
opinion, and this is
obviously going off
topic, Jack, and I
apologise, but that
mass adoption that
we're all speaking
about will happen, and
we need to find a
way to use
blockchain technology
to show in real
world, use
cases, so with
what the Hive
Down Climateers
are doing, as I
said, we're
planning to put on
the biggest ever
collaborated climate
event there's ever
been, that's what
the plan is, and I
have to be honest, I
do think that we're
close, we currently
have over 60
projects already
involved in Web3, we
have Web2, you know,
and we're going to
make it so that when
people are involved,
they're going to be
able to see the
sustainability and the
things we're doing and
how the elephants have
been released and a
rhino's been, you know,
and all these things, so
they feel that they've
really, really got
involved in a method
that's easy for a
gamified event, and in
real life as well, so
some of the things you
say, Joe, definitely
completely agree with,
and, you know, I mean,
like I've said this a
million times, this
space that we're in,
guys, is absolutely
fucking massive, I
would recommend going
into every blockchain,
you know, that's my
honest opinion, because
they're all doing
something different, you
learn so much every day,
and I'd recommend it,
definitely, and that's
what the Hive DAW is
able to do, it removes
that friction of those
boundaries, enables you
all to work together in
a collaborative way, I
mean, if someone joined
now, they've got a year's
worth of collaborations,
for instance, easily, just
from joining now, so
sorry to go off topic,
Jack, but I'm
Bishop.
No worries, I'm loving
the flow of conversation,
you're making my life
easy today.
It's true though, it's
true though, no one is
going to sit there with
us, and go, yeah, this
is how this works, let's
write down these seed
phrases, we can't do
it, we know what looks
we get, so getting
soccer mom involved, that
is, that is the key to
all of us really, and to
get her, you know, like
this is going a bit off
topic again, but when
you take a look into how
much, actually I won't
do that because that
might sound a bit, that's
kind of a bit detailed,
take us down a different
path, but yeah, getting
those people involved in
the technologies that we
love, in a way where
they're utilising crypto
and getting involved
without knowing they're
doing it, that to me is
what we're trying to pull
off, because that will
essentially help everyone,
it doesn't matter what
blockchain you want, that
will just really help.
I don't know how you
cope being across so many
chains though, like you
said, there's new things
to learn every day, and
it's hard enough to keep
up with one chain, letting
know all of them, but I
guess with the hive now,
you make that easier?
You know what Jack, to be
honest with you, when I,
when we first started this,
I thought I knew quite a
bit, fuck me my friend, I
know nothing, when I went
onto that ledger as CMO for
text RP, I was terrified
because I didn't know how
the technology worked, but
again, with community, and
this is going back to what
Bishop said, the XRP
community, I said, listen, I'm
new to the ledger, I don't
quite understand, and before
we knew it, 25 or 26 bloody
projects were involved with
the hive now, all from, all
from XRP, some of the biggest
projects on there, you know,
from like, God to name a
few, we've got applications
from X-Bots, Terror
Teddies, God, and we've
got multiple.
Talking of, talking of
application, Winston, why
don't you pin to the top, I
don't know if you have a
tweet or something, or
something you can pin to the
top with information on how
to do that, how to apply,
because I think then maybe
there's someone in the space
or someone who listens to
the recording, that might be
interested.
Friend, just click on my
link on the profile, put the
application, it's a basic
profile, a basic application
form, it then goes through
to the vetting process, it
then gets vetted, it then
gets voted onto the hive
now, and that's it, and
then you get access to all
of this for fuck all, all of
this for free, to help
everyone within Web3 in a
safer manner.
That's the goal, that's what
we're doing.
You heard it, you heard it
guys.
So I just want to, I have a
feeling that Joe wants to
respond, because you were
kind of in conversation, so I
want to let Joe kind of
bounce back.
I'm just laughing at Patrick
on his bike, to be honest,
that's what I'm laughing
about.
Where is Patrick on his
bike?
He's left already.
He's off on his bike.
Yeah, I actually, I
Oh, you're here.
No, I did leave, I did leave.
I need to finish a job, so
I'm listening with one ear, so
I told Jack, I'm leaving
because I don't have time to
stay another hour, because
everything went haywire this
afternoon, I have some work to
catch up with before I have
another appointment this
evening.
So yeah, I told Jack I'm not
here anymore, because then I
can't get a surprise
question, like, Patrick, what
do you think about that?
But I was only listening
half, so...
What are your thoughts?
Yeah, so I'm not here, but I
did ride a twin bike, yes.
Come on, I'm Dutch, everyone
had that experience.
I want a photo.
We need a photo.
No, no, no, I don't have a
photo of that.
On the timeline tomorrow,
please.
You should.
So, Joe, I want to throw it
to you then, Bishop, and then
I'd love to welcome Hello
Future Dial to the stage.
So yeah, in that order, let's
Perfect.
Yeah, that's right in line
with how we were building with
Earthlings.
You know, we're on Hedera, but
we don't care if anybody that
ever plays our games knows that
they're on Hedera, and until we
get to that point, it's all
irrelevant, we have a community,
we can build it, we can build on
different chains, but until
people, everyday people, soccer
moms, can pick up a phone, play
our game, put it down, have a
wallet, like Lehman said, you
don't have to have 24 words
stored and lose everything if you
lose them.
So he's working on safe recovery
that's coming on Hedera.
Interoperability, it's a big
worry, a lot of people can't
say it, took me a long time to
learn it.
Me too.
If I can't go buy a board ape and
keep it in my wallet with my
Hedera NFTs, we're not there yet.
If I have to log out, log back in
to something else, spend a different
type of currency, we're not there.
People want to spend one currency to
buy what they want and put it with
everything else.
If I had to change brands of
television to watch BBC to catch up
with global news, because BBC is only
on Samsung and American News is only
on LG, it doesn't work.
And that's where we are right now.
And it's the dumbest thing ever.
So I don't even, I don't even tell my
friends that don't ask me about crypto
yet, because we're still years away
from being able to go to a dinner with
friends that you just met and say,
check out this new thing.
Open your wallet up.
Let me send you one.
Not, hey, let's spend 30 minutes.
Let me teach you how to create a wallet.
Now grab a pen and have your wife take
a picture of these words.
Put them in a safe place, because if you
lose them, everything you have is gone.
That's just dumb.
And that's where we are.
And then people wonder why mainstream
media and mainstream investment
companies and mainstream people and
family members make fun of you at
family dinners.
That's why we're not, we're not even
close, but we're getting there.
And it's being built.
Yeah, tangent.
I'd recommend looking into tangent.
We're getting there.
Slowly but surely.
What's that, Winston?
Sorry.
Sorry, drinking coffee.
I was just saying, I recommend looking
into tangent cards as well.
The answer is kind of, it would take
us completely off topic, so I won't
go into it.
But Joe, definitely I'd look into it,
my friend.
And if you want to send me a DM, happy
to send you some information, mate.
And it kind of solves the exact problem
already, which you described there,
my friend.
Nice.
Take it away, Bishop.
I've got to be honest.
I don't even remember what the hell I was
going to say because we went so many
different directions.
And I'm also working on some class
material, but I'm just going to shut up
until I either remember it or I don't.
That's all good.
Just pop your hand up again, yeah, when
it comes back.
No worries.
Well, I suffer from CRS and it's can't
remember shit.
I'd like to say as well, if you don't
mind, Jack, a massive hi and thank you
to all the Hive members that are in here,
man.
Like, guys, the support, man, that the
Hive does is incredible.
So obviously, NFT Evolutions, that's Ash.
I hope you enjoy in Portugal, you lucky
bastard who's got himself out there now.
Obviously, Lee, one of the founders of
the Hive DAO behind the scenes is not
socially out, but man, he puts it
together.
You know, the whole operational side of
things is taken care of.
You've got Damien in here as well,
another founder.
That's another Hive DAO member.
Ascended Vision.
Jesus, you've just turned up.
You've applied to the Hive as well.
Honestly, guys, the support and the
amount of community that are behind the
Hive DAO, honestly, we really, really,
really appreciate it.
And we're doing it all together.
Do you know what I mean?
And bringing jobs and helping everyone
and God, I ain't going to go into a big
spiel, Jack, so don't worry.
But I was just wanting to say a massive
thank you to everyone, honestly, because
you guys, without all that community
support, guys, Hive would be nothing.
So to all of you that are doing everything
that is going on in the Hive DAO, thank
you so much for all of it, man.
It's incredible to see.
Love it.
Loving the energy.
Loving to see.
It's always nice to see new faces in the
spaces as well.
So thanks for bringing everyone along.
Anytime, Jack.
I'd love to welcome, I believe we have
Elizabeth behind the Hello Future DAO
account.
I'm glad you could make it.
How are you doing?
Good morning to you.
Thanks for having the spaces.
It's wonderful to have talks about DAOs.
And Hello Future DAO is in the final
stages of development.
It's a for-profit DAO with its focus on
social, philanthropic, education and
giving.
Part of the DAO has done a soft launch at
Hello Future Live, which is artaid.live.
And it's a permanent home for everyone in
the Hedera community and outside of the
community to come and have charitable
auctions with digital art, NFTs, to raise
money for charity.
So there's a couple of pillars in the DAO, the
first of which is the auction platform.
And part of the mission of the DAO is to reach
out to as many charities and onboard them into a
new way of giving and fundraising and educating
the retail customer about their philanthropic
enterprises.
So that's really exciting.
On December 14th this year, we'll have the third annual
Hedera Community Holiday Party right here on X.
And we'll finally have a permanent home to have the
charity auctions.
The first and second years, we raised about $400,000 for
charity of abused women and children.
And this year, we're going to be focusing on the Red Cross.
So I'm very excited to have that on December 14th.
I hope everyone participates.
The second leg of the DAO, we're currently in the
process of finalizing, which is a community center.
The DAO is for the community, by the community, and being
built by the community.
So I can go into that later on.
But one of the things I want to say is that part of the
mission of the DAO is to create a lasting
transformational movement to advocate for the Hedera
ecosystem.
And in part of that mission, we did have Hello Future Live
in October in Los Angeles, which many Hedarians and other
people from the LA Arts District community came and
participated in.
And it was a big success.
And everyone had a good time.
And we'll be doing more Hello Future Lives internationally to
advocate for the Hello Future DAO and to get members within
the DAO.
I'm part of a grantee of the Hashgraph Association.
And I can't thank them enough for their support and guidance.
It's a wonderful organization and truly is a gift to our
community.
So with their guidance and help, we're forming a corporation in
Switzerland, which is completely legal and compliant with the
MECA laws currently established in the European Union and North
Africa and the Middle East.
So although the DAO structure is not solid in the United States, we're
building Hello Future DAO to capture the European market and the Asian
market and North Africa and Middle East and building that out so that once
we're completely up and running, hopefully the American market will be
available to other people.
So that's a little bit of an overview about Hello Future DAO.
It should be launching in Q1 of 2024.
We've been building for about two years and it's really very exciting times.
We are very early, but I think that it's time to have a good community DAO for the
Hedera community and let people know that Hedera is there.
And the way to create a mass transformational movement is very simple in its
definition, which is find people that have a shared purpose and support their
individual goals.
And that's what the DAO is meant to do.
I love it.
Thanks, Elizabeth.
It's great that we heard about Hive DAO earlier and now Hello Future DAO.
It's really nice to have real examples at different stages as well.
I just wanted to ask you, because we were talking about friction points earlier on, in
your experience of putting together, like leading up to this launch, you said you've
been going for two years, what have been those friction points that you've maybe encountered
putting together the DAO?
Well, I've been the head of the technical subcommittee with Hedera Hashgraph to build
out open source tooling and to create standards and practices, best practices on DAO.
So Swirlds has been doing an excellent job initiating that functionality with Adera.
So they have some really great tools that are going to be open source shortly, and that
will help everyone be able to get...
It's kind of complex technology in terms of building DAOs.
So to have the support of different engineers across different platforms, the Hashgraph
Association has engineers, Swirlds, and we're working with other people on the engineering
of it.
And through the work of the Hashgraph DAO, which we have been doing, I guess it's almost
two years, we've been defining terms, we've been defining best practices.
So as we know, we're building things from scratch.
It's like, well, people say, what experience do you have in building a DAO?
Well, no one really has any experience.
We get that a lot.
We are pioneers here.
And as pioneers, we just have to support and encourage each other.
And so friction points, there are friction points all over the place.
But everybody's dealing with those, you know, someone was talking about Lehman's D-Wreck.
You know, these issues are known, and they're being worked on.
So we're so early, we just have to keep going and building.
And honestly, there's so much work being done on DAO in general, that these tools, like
I saw a presentation that Swirlds did a week or two ago, and it was just amazing, all the
tools that they have been building.
Swirlds is an excellent partner in terms of our ecosystem, as we all know.
And so, you know, yeah, there's wallet issues.
There's different kinds of issues.
But in terms of the focus on charitable giving, when you introduce these things to charities,
specifically, the DAO is not a charity, but its mission is to help charity.
So, you know, there's education going on there, there's onboarding of charities, they tend to
have boards of directors that are older, and they need to be comfortable in giving to, with
cryptocurrency.
So having the authority of the Swiss Digital Asset Institute and the Hashgraph Association
helps in that mission by giving some credibility to the DAO.
And therefore, you can talk to people like the Red Cross, or you can talk to different
charities, and they say, oh, okay, so you're kind of vetted already.
So you have to make them feel more comfortable in the experience.
So that's a friction point that we're overcoming by being supported by different quality institutions.
Winston, I feel like you wanted to say something there.
I didn't want to.
I absolutely, Jack.
Please.
But also Bishop has always got his hand up.
Yeah.
I got the sense.
Oh, okay.
Yeah, Lisbeth, I think what you're doing is amazing.
Funny enough, you missed the introduction and everything about what we're doing earlier.
However, it'd be great to talk to you after the space, because we're currently putting together
now with Climateers, we're putting together Climate Fest, which is going to be the, we're
determined to make it.
It's a three-day gamified event that takes both, takes place in both in real life in
London and also takes place in the metaverse.
We also have with us a project that has just successfully released an elephant from captivity
called Unchained Elephants via the power of blockchain technology.
And we're putting all this together.
Currently, we have around 60 different projects in Web3.
So, and we have projects from Web2 as well.
So we're making sure that we raise enough money to plant one million trees.
And we're also going to be building a wildlife sanctuary in South Africa.
We also have charities involved that specialize over with children with disabilities over in
third world countries.
We also have charities that specialize in rainforest deforestation.
We've just actually been speaking with Orbis as well.
And it'd be great if together we could, we could work on this and bring all of this together,
because I do believe that we can get around 200 plus Web3 projects all based on sustainability.
And we're going to question people around sustainability as well, because I'm tired of all these blockchains
saying that they are carbon negative, all of them, the first ever carbon negative blockchain.
I hear it all the time, but no one's actually questioning them and asking what they're doing
for sustainability, how this works.
We also want to get some people involved who are in the hemp industry to start doing mythbusters.
And rather than take over this space, Elizabeth, definitely after this, it'd be great to connect with you.
And, you know, like join forces.
This is going to take place in late March, April.
I obviously have some documentation which I'll send over to you.
It's going to be an event where, you know, you get to level up your climate here and earn seeds and then cash them out.
And we're aiming this at Soccer Mom.
And, yeah, it's so far, it's been absolutely incredible.
There's so many things involved now.
And it'd be a pleasure to be able to discuss more with you and join us and get involved in Climate Fest 2024, I believe.
Because COP started somewhere.
This isn't COP, OK, but it all started somewhere.
So I definitely believe if we manage to manage to do something well with Climate Fest and we manage to be successful, then Climate Fest 2 and Climate Fest 3.
But, yeah, Elizabeth, everything you said I'll completely relate to.
It's very similar to what the Hive DAO is doing.
There's room for so many different DAOs.
And, yeah, I'd love to speak more rather than take over the space after, if you don't mind.
I'm so sorry, Jack.
You sensed it right, Jack, OK?
I kept quiet and I was dying to speak.
No worries.
Great approach is really a good thing.
Hello Future Live was the kind of test for that.
And we did live streaming of the event the whole time with the discussions and the musical presentation.
So we did more of an infotainment sort of presentation.
It wasn't a crypto event.
It wasn't a conference.
It was a gathering.
It was a celebration of life, really.
And I think that combining the in real life with a hybrid approach of, you know, online and in real life, you reach everybody that way.
And we cannot stay in our Twitter bubble.
We have to go out to the, you know, how do you onboard new users?
You go where they are.
You talk to them.
You meet them.
You shake hands with them.
Offer them.
You know, we want to go get a cup of coffee, build relationships.
So the mix is very important.
Definitely.
I think as well, like you said, we've onboarded new users.
So obviously with Climate Fest coming up, one of the things we want to do is enable people to be able to come to Climate Fest and use crypto without even knowing it.
So that's where like digital merchandise comes in where, you know, you can purchase something, scan it.
You've got your NFT and onboarding that soccer mom and getting all these users involved.
But, yeah, we've got we've got a lot of work that we're doing.
Obviously, Climate Fest is still being worked on now with obviously the mastermind Duncan and the Hive Dow.
And, yeah, Elizabeth, with everything you said, it would be fantastic to connect with you after and discuss how we can join forces and make Climate Fest even bigger.
So that we can, you know, get that, get all of this done together.
I think that would be great.
Yeah.
The 26 to 42 year old is the one that's really giving to charities via crypto.
So I don't know where a soccer mom falls into that, but that's your audience for onboarding crypto users for charitable giving.
So, you know, in a friction point, you have to take what audience you have to drill down to what audience do you want to reach?
And then you reach that audience, then you can add on others.
You have to take it in little small bites, though.
You can't say that I want everybody in the world to adopt crypto.
The 65 year old is going to be the person that's not going to get it right now.
But if you go to a place where the 25, 35 year old person is into it and wants to give to charity, because the Hedera community is very charitable.
So, you know, you just take those little bits of people and really all you need is to create a movement, which is really what you have to do.
You small groups, 600, 800, 900 people, and then you introduce them to it and get them excited about it.
Then they go back to their in real life community and say, hey, look what I did Saturday.
I minted an NFT at this event.
It was really cool.
You know, and then they take 20 people that they say and then you rollerball it into that.
There's an excellent book.
It's called Cascades.
It's by Greg Sattel.
And he's an advisor of the DAO and he's a global thought leader on how to create a lasting transformational movement.
Why did some fail?
Why did some succeed?
These things are written down.
There's a roadmap for them.
So all you have to do is educate yourself in that, which I've been doing for the past couple of years.
And that's really the movement that you need in order to create.
It's not just about DAO as the structure.
The structure of DAO is the decentralized nature that we all want to achieve.
But it's movement.
It's what is the shared purpose.
In order to have them, the only thing you really need is a shared purpose and then support everyone's individual goals.
Elizabeth, can you repeat the name of that book for everyone here, even for myself?
Oh, it's Cascades, C-A-S-A-D-E-S.
Cascades.
It has little matches on it and it's by Greg Sattel, S-A-T-E-L-L.
He's at Digital Tonto on Twitter.
And it's a great book.
Amazing.
And it really, it's funny because if you read it, it has this story of the seven bridges and it's a mathematical problem.
And I spoke to Lehman about it and I'm like, is that where you got the idea for Hashgraph?
And he just smiled.
There's a lot of mathematics involved in creating a movement.
That's all I can tell you in that book.
It's not an easy read.
It's something you read five or ten pages and you have to put it down and think about what you just read.
So I'll try to find it and pin it up there for you.
Definitely.
Amazing.
I'm just going to have to jump in and give it to Bishop here, guys.
Sure.
Just because he's patiently been waiting.
And I really hope he hasn't lost his train of thought.
Otherwise, I'm going to feel really bad.
Elizabeth, DM me.
Sorry.
Sorry, Jack.
Bishop, the mic is yours.
A couple of things, Elizabeth.
First of which, what made you decide that you needed to officially form a DAO and specifically to where it's a legalized DAO in various countries?
Because someone had to start it and do it and make it a shining example of how to do a DAO right.
I wrote an article a while back about the first DAO, the DAO, and what made it succeed and what made it fail.
And it failed for a few reasons, but it also succeeded in establishing the concept of DAO.
So why do it?
You know, why do Hedera after Bitcoin?
Because Bitcoin has its flaws and Hashgraph, you know, refined those into something that works much better.
So the original DAO had a great concept, but it failed in terms of its smart contracts, really.
And so there's a great responsibility.
And when you take, I take it very seriously, taking people's money.
So that's why I've been working on it and waiting until there was a legal entity to have so that it provides a certain level of confidence in people and investing in such a thing.
So and the other reason was because we need a permanent home.
Just as I'm excited about the auction platform for charity, Hedera people need a home that's off Twitter, that's off anything else.
Like we need a home that we own.
There's a certain sense of pride when you look at something and that's your car, that's your home, that's your business, you know.
So Hello Future DAO is really about creating a sense of pride and ownership in Hedera itself.
When I spoke with Manson Lehman about it months, months ago, the third pillar of Hedera, the Hedera itself, the software, the community was not represented.
So in order to have, there's a thing called network effect, which is the concept is the network needs the project, the project needs the network.
So, you know, so, you know, I've always been advocating for the community as the leg of the ecosystem that is underrepresented.
So that's really, the community is needed for the project to succeed.
So to form a legal DAO is very important to the ecosystem.
We need a DAO.
And it's a great organizational tool.
It's the way corporations, I believe, will be moving forward.
I don't care if it's, you know, your dry cleaner should be a DAO, you know, it's a way to have ownership within the company itself.
So it's a new form of corporate ownership in a decentralized way.
Just as we like HBAR because it has those attributes, a business entity as a corporation should be decentralized also, in my opinion.
Okay, so now that leads me to my next point that I'm about to make.
And I don't know if you caught it earlier or not when I was speaking, but in essence, well, number one, before I go there, blockchain, Hedera, Bitcoin, Ethereum, whatever, those are all meant to be transparent, as what you were saying is one of the main reasons why you wanted to create a DAO.
So if you're on the blockchain, you're automatically transparent.
If you're on the blockchain and you're purchasing or donating through the blockchain, again, you do have a sense of ownership from that.
So I still don't really see the necessity to form a DAO, regardless of whether you're taking people's money for various charitable events or causes or things like that.
Because that's the whole concept of blockchain is being completely trustless and being completely transparent.
So, again, not really seeing a necessity for a DAO.
And I feel like, you know, the DAOs are taxed by – the DAOs are taxed by –
Do you see the necessity for a governing council of Hedera?
No, not specifically.
And why do you have to do – why could you not do that as just a community?
That's what I'm saying.
A community is a DAO.
You're just labeling it with something that governments around the globe can then govern for you instead of you taking responsibility to do it for yourself is my thought on that.
And, again, it comes back to my idea that DAOs are a hype.
They're a fad.
And businesses should absolutely be transparent.
I do not disagree with you in any way, shape, or form.
But, again, that's what blockchain was built for, okay, so that you didn't have to worry about trusting people because guess what?
Everything is visible.
You can follow transaction hashtags.
You can follow wallets all over the freaking globe and see where the money is going, where it's been, all those things.
And so I just – I really, really struggle.
I think that Hedera would not be where it is in terms of development if the governing council wasn't there.
Why do I say that?
Because we live in the real world.
People need to be able to associate different things in order to find confidence within that ecosystem.
The ecosystem of Hedera specifically has a governing council membership that lets people understand that the fact that Boeing, IBM, Sinwa Bank, ServiceNow supports Hedera,
that translates into a comfort level for other people to build and be on the ecosystem.
And Hedera is a bit different in that they are created from the ground to a 100-year-old company.
That's the ethos of the company.
So these tools, these modules, these things that we're building are building blocks for the long term.
It's a long-term vision.
So if you don't see the necessity to have a governing council, there's a – decentralized is one thing and decentralization is another thing.
I think that decentralized as a concept is very good, but we live in the real world and we still have to have certain elements that provide other people outside of the ecosystem a comfort zone to enter the ecosystem.
Decentralization as a concept is more in line with what Hello Future Dow is doing and what Hedera is doing, as a matter of fact.
Yes, everything is transparent, but as I said earlier, in order to get on board different charities, there has to be something that they can look at and point to and say, I feel comfortable with that.
But when you're making investments, you shouldn't be investing in anything that you don't feel comfortable with anyway or that you can't afford to lose.
So, you know, and again, these community leaders, you know, are in essence the governing body.
And you talk about being able to be transparent and held accountable, which is great, but we've even seen celebrities come into the place and say one thing, turn around, do a completely opposite thing, then disappear to Tahiti for vacation after they take everybody's money.
And we're not talking just a few dollars.
We're talking hundreds of thousands and in some cases millions.
So, you know, again, a Dow can be as corrupt as anything else.
And decentralization versus decentralized, as far as that goes, if you're giving absolute control over to any organization, any specific one group, which is exactly what the board is for Hedera, it's one group of that organization that kind of governs the whole thing.
Now, in theory, they can actually take that and manipulate that entire system through their governance, okay, to suit their own agendas, their own pockets, their own needs.
That is why I don't think that a Dow, it gives too much control to one group, one organization, one identity.
Okay, if you think about like AI as an example, okay, right now there are a number of world-renowned companies that are building these AIs.
Well, guess what?
They all maintain control and power over that one entity.
So at the end of the day, they could turn around and take that thing and manipulate it to do whatever they want, whether it's reading stocks, whether it's reading various cryptocurrencies, whatever the case is, to suit their own needs.
I don't think anybody should have control over any AI as a single entity or as a single person, no more than I do a community of people.
And that's where I'm coming from with it because when you get people in power, in control, look at the United States government as a perfect example.
We have no idea how many of those fools up on Capitol Hill are corrupted by lobbyists lobbying for their agendas, okay?
And they're paying those politicians millions a year to lobby for them and what they need.
Why?
Because they're a single entity and it suits their agenda.
So no, I don't agree with that.
All right.
I appreciate that we can have different opinions, right?
I think that's what we're here today as well to discuss the different sides of the coin.
But I'd love to give it to Joe because he had his hand up.
I don't know if you still wanted to jump in, Joe.
No, no, no.
That was accidental.
Sorry.
Okay, no worries.
I saw you, Winston.
Oh, no, I'm making a cup of coffee now.
I'll just hurry on.
I am.
Just to let you guys know, just to let you guys know, it's coming up to the two-hour mark
and I will wrap it up at that time in five minutes.
So let's just make it closing thoughts.
Feel free.
What Bishop was speaking about is from a retail perspective.
And I can appreciate what you're saying from a retail perspective.
But from an enterprise level or from a corporate sense or just a worldview, yeah, there's problems
with the U.S. government.
There's problems with all entities.
But we live in the real world and we have to deal with what we're, with a hand we're dealt.
So as things progress, you know, with community nodes and with permissionless nodes, the Hedera ecosystem will open up wider and wider and wider and become decentralized at the end of the day.
So I think there's a valuable role for DAOs to play.
And I'm looking forward to everyone participating in Hello Future DAO in Q1.
Thanks, Elizabeth.
Any more closing thoughts, Glassy?
Hive?
Hive DAO?
Yeah, I just want to say this has been an amazing space.
It's great to hear all the different opinions.
It's been really educational.
Massive thank you to all the Hive DAO members who have turned up here.
It's been great to hear from Hello Future, from Bishop, from Joe, from Glassy, from you.
So I just want to say a massive thank you.
And just real quick, I have no hard feelings about anybody's opinions or thoughts.
And that's one of the beautiful things about humanity is that we are all entitled to our own opinions and thoughts and ideas.
And we should all express them freely and openly.
And while I don't necessarily agree with DAOs, I'm not going to fault or belittle anybody for it.
But it doesn't mean that I won't raise questions regarding it.
So as far as Hello Future DAO goes, I've got no ill or hard feelings towards you or what you're trying to build or anything like that.
But I certainly am very hesitant and cautious with getting myself involved in DAOs specifically.
I mean, even with Winston, I spent hours on the phone with him before I officially had decided that I wanted to be a part of that community.
Well, I think that it goes back to what I said, which is how do you create a lasting transformational movement, which is shared values.
So as long as we share a value, that's the most important thing.
And then we support everyone's individual goals.
And that's really the way to create a movement.
100%.
I have one kind of lingering thought that I'll maybe close out the space with.
And this is coming from a wonderful conversation I had at ETH Denver and just, you know, those cool chance encounters.
We're around a fireplace behind some, like, really nice club.
And, like, the backyard, there's, like, a beautiful fireplace.
We're sitting out by the fire, just rustic, beautiful light moments.
And out of nowhere, she says that ideas are DAOs.
We're talking about DAOs.
She's like, ideas are DAOs.
She's like, look at poverty.
Poverty is a perfect example.
Poverty is one of the strongest DAOs you could imagine.
Completely decentralized.
Absolutely autonomous.
All different people from all different walks of life play their role and adopt certain behavior and mentality that keep poverty in existence.
Everyone does their job in a completely autonomous way, in an unspoken way.
You didn't necessarily have to sign up for it, but you vote for it through your daily activities and through your economic engagements.
And that you essentially all collectively keep it in existence and keep it functioning just the way that it was kind of prescribed to us as an idea.
So that's kind of a wild and challenging way to look at our autonomous systems and how that picks up and takes effect or could take effect.
Yeah, I think I'll sit with that thought for a while.
We've got a new face on stage, though, coming up last minute.
Did you want to add something?
Share your two cents?
Super Null.
Welcome.
We're just about to close out, but feel free.
Oh, awesome.
I was actually listening for a good bit of time.
I appreciate everyone's coming up and sharing thoughts about DAOs.
Hopefully, my freaking smoke line doesn't go off and, like, lose my mind the past day.
These things are, like, going on the fritz.
So annoying.
But that aside, it's nice to see Glassie in here and just everyone.
This is super cool.
I was thinking about Glassie saying earlier about the whole, it's like AA.
Everyone has to introduce how long they've been here and what you've been doing.
The longer you're here, the more jaded you get.
And I feel that with DAOs because I got into that whole thing.
I don't know if any of you guys kind of watch or listen to Bankless.
Their whole thing at the end of 21 was like, work for a DAO, join a DAO, get in involved.
It's like, yeah.
There was a lot of cool stuff hanging out.
And it was very new.
Very glitzy, the whole thing.
And that party in 21 was awesome, but also, like, super degenerate.
And it was crazy seeing the fall of it.
But that is something that's, you know, we're all at different stages of our path of who's been here the longest and not.
And for people who are new, this stuff is really useful because you get to hear from all these different perspectives and kind of figure things out.
I think really a good, since it's near the end, the best thing I can tell from my experience in DAOs is that DAOs not, it's fine to do it.
If you want to do it, you know, hive down, it's fine.
Anyone who's even wants to have it in their name or approach it legally, go for it.
No one says you can't do it.
Just how anyone can make a token.
No one says you can't do it, but when you go and do it, make sure you kind of, like, know what you're doing and make sure it makes sense and go through it just because we don't want to see people fail.
It kind of sucks.
We've seen enough of that, which is why a lot of us are like, all right, well, DAOs are not necessarily useful for these places, but they're kind of good over here.
And in general, I think the easiest thing is sometimes maybe a DAO is not needed at all.
And, like, with Barbarian Inc., you know, it's just a community, right?
Like, Justin is technically the owner of the LLC, and we have a couple people on the team.
We basically just kind of are the governance, but we also talk with our biggest holders of, hey, do you guys like the movement that we're going?
Do you like this direction, or can we get some feedback?
And we kind of let that gestate and kind of mature until we make, you know, a movement in a certain direction.
I think a DAO, that's kind of what the vibe of a DAO does at, like, the most concrete layer.
So, you know, everyone kind of does that just as the usefulness of humans just interacting with each other, which is a pain in the butt because, you know, we're all human.
We know how difficult it can be just to, like, do basic stuff sometimes.
You know, you're in this weird body thing, and it's like, ugh, every day is a nightmare sometimes.
Or usually it's pretty gosh darn good.
But I'm glad to see, like, especially with Hello Future and just what H-Bar is trying to do with, yeah, that whole transformational thing of trying to, like, how do you make a long-lasting effect?
Yeah, DAOs feel like the right way to go, at least as, like, let's try to make this Web3 thing work.
You know, everyone's trying to figure out how to do that.
And it seems like, yeah, in the future, DAOs probably will be a super legit thing.
So, but, hey, I appreciate you guys letting me come up and talk a little bit.
Pleasure.
Thanks for popping up last minute.
Yeah, that's my takeaway that, well, the one that we don't really know what we're doing yet.
We're kind of figuring it out, a bit like everything we're doing here.
But, yeah, a progressive evolution towards what could look like a successful DAO or a DAO that works.
And some of them are working, right?
We have them.
We have an example here today.
So shout out to you guys for taking on the challenge.
I've certainly learned a lot today.
I don't know about you guys, those of you in the audience as well.
I've taken a lot of notes, probably be able to get a nice thread out of this.
So I appreciate just everyone, just everyone for coming up, for doing what you're doing, for sharing your insights, for being there for two hours, like for your time.
And, yeah, I'm going to close this space out.
Thank you again, everyone, all the guests, and those of you who have jumped up from the audience, and all of those of you who have tuned in.
We will be back, as usual, next week, same day, same time.
So that's Thursday, 11 a.m. EST.
And we'll have a new topic and a new panel of guests, even though everyone is always welcome, and always welcome to request to speak and come up, whether you're a guest or not.
So, yeah, without being said, I'll see you on X.
I'll see you around.
Thanks again, everyone.
Take care.
Have a great rest of the day.
Hello, future.
Hello, future.
Take care, everyone.
Thanks for having us, Jack.
Take care, Winston.
Take care, Glacier, Bishop, Patrick, on your two-wheel bike.
Tau tau.
I just got that.
Oh, he's still there.
He's still there as well.
See you, everyone.
I don't understand what happened to 30.
You were there.
You were there.
I don't understand what happened to 30.
Have a great rest of the day.
I don't understand what happened.
I don't understand what happened to 30.
As soon as we land, I can't do this to 31.
I love you.
Y'all, God.
I don't understand!
Just go away.
Bye-bye.
Bye-bye.
Bye-bye.
We've had fun.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye.
