What is good what's up a coin what's up bad tea, what is up amplify, how are we doing?
Hey, man, how's it going GM? What's up there guy?
GM GM how we feeling? How we doing? How are we living?
But I'm super excited for this space. I'm really glad to to have you here and excited to get your take on some of these
Yeah, let's go man. I'm I'm excited to be here. I am. I'm very excited to be here pretty
New space excited to host host a space for the first time and pretty dope opportunity as well
Let's see. We'll get some people up here
Music on on the spaces. I was gonna play some some shitty audio through my Mac, but I figured I figured it's better
I hold off now run it. That'd be great
We want a quick song. Well AI Drake or what? How does this work? Yeah
A quick AI Drake. I love it
We can get some MFers up get everybody up yada yada. All right, cool quick two minutes long
Just for falling so damn much I need a F.J.
Just only on a mother riding left hand
Just see don't tell your brother she gon' get banged
When it's cold out for me I got enemies
Don't pay the winners cold out
When they try to get at me I swear to win it's cold out
When they try to stand up me I'll pay the winners cold out
When we had them ten and kiosks where that pussy's on
I just had a nigga dead at me I got it all night
I had no one to laugh at me I never saw my phone
I would never let it get to me
All right, all right, all right, all right
We are back. We are better than ever
And we're here with a very special space today
A very, very special space today
Look, you see the title Thread Guy Talks AIPs
Yip Coin Dao and a bunch of incredible speakers
Incredible members to talk AIPs
We got a lot on the agenda today
Got a lot to cover in a relatively short space
And we got five AIPs to discuss
So really excited to go to everyone
Get some opinions, get some takes
And sort of run through everything that's happening
I'm gonna start with a quick disclaimer here
And we can really get into the space
But first and foremost, I have to say that we are
An informal group of highly motivated
Active members of the AIP coin community
Everything we discuss is our personal opinion
And not representative of the AIP coin foundation
So we can't answer any questions on their behalf
And I promise you I cannot
Definitely not answer any questions on their behalf
We are not here to advocate for any AIPs
We are only providing a channel to share information
So today, on the agenda, we are discussing five
Yes, five new AIPs up for vote
With some of the proposal authors
So it's gonna be a pretty interesting space
And if anyone has any questions
Feel free to request to be a speaker in the bottom right
Or bottom left hand corner of your screen
Or leave a question on the bottom right corner
We probably won't bring you up
But as I always say, it's your best chance to do so
Right now, and as far as the AIPs go
We are joined by Atari from the damn show
And working group Zero Stewards
So it's gonna be a pretty cool space
And I do want to throw it to Bad Teeth
To kick us off here and get a little rundown
Of what exactly the AIP coin DOW is
And Bad Teeth, how are you doing my friend?
And this is by far the most energetic intro
To any AIP coin space we've ever had
I love it, thank you so much
We're assuming that there's probably some people in the audience
That haven't had a lot of experience with the DOW
So I wanted to give a quick run through
And the AIP Foundation, which you hear people talk about
Is the Cayman Islands Foundation
That facilitates decentralized
And community-led governance of the DOW
And it's really just tasked with administering
The decisions of AIP coin DOW
The AIP Foundation structure was optimized
For grant-making activity
AIP coin DOW is the decentralized autonomous organization
That oversees the AIP coin ecosystem fund
Which is currently worth about 1.5 billion USD
Two popular misconceptions that we wanted to clear up
AIP coin DOW is not owned by Ugalabs
They're completely separate legal entities
And the second one, you don't need any UGA assets
To participate in the DOW
All you need is one AIP coin
So that means anyone that holds one AIP coin
Is a member of AIP coin DOW
In order to make sure the DOW's in compliance with Cayman Law
You need to have an administrator
Our current administrator, Webslinger, was selected in February
We have a five-person special council
That you've probably heard of
That serves essentially as a board for the AIP Foundation
And was elected by the community
Currently the council's made up of Yatsu, Alexis Ohanian,
Bordabeji, Jerry, and Veer the AIP
You know, there's the legal structure that we have in place
To protect the DOW and to protect the treasury
But that's really the bulk of it
And the heart of how the DOW works
Is actually the AIP process
And I saw that you were learning a little bit about that
Did you get any more clarity on what that is yet?
But I know some of my cartoon Zoomer friends in the audience
So if there's anything you could shine a light on
I think that'd be very helpful
So that's what I'm here to do
So an AIP is an ape improvement proposal
Your chat GPT was super close
But it's actually an ape improvement proposal
And the process is pretty straightforward
You can submit an AIP idea to the DOW forum
Which is called Discourse
Directly from the apecoin.com website
At the top where it says governance
Proposal is required to undergo
At least seven days of community feedback
And there's a draft template posted on the forum already
You move into the formal AIP draft stage
Where you should submit your finalized proposal
To forum moderators in the format
They'll respond with questions
And then move the proposal and the analysis
Along to the special counsel
To either approve for a vote
Or send back for clarification
Which is typically ask some more questions
Or you might have to reconstruct it
Eventually you get through all that
It goes to the voting stage for the community
And opens up every Thursday evening
So that is the breakdown of the AIP
Well, first off, did that answer your question?
And just for some context
Because this is actually my first time
Tuning into an apecoin space
Is this a recurring space
Where we discuss the upcoming AIPs
Or this is the first time?
So actually, most of the discussions around AIPs
Typically have occurred in the APECOM spaces
That was something that the community had set up
And had taken upon themselves
To expose what was going on in the DAO
And try and get it out there a little bit more
And this will veer off course slightly
But one of the reasons that we're proposing
The working group structure is because
There's no one to actually manage
The apecoin Twitter at this point
And to engage the community in a meaningful way
That's what the working groups do
They operationalize the DAO
To make sure that there's people there
To do these jobs that need to be done
To continue to talk about the amazing things
That are happening in the DAO
No, this doesn't happen all the time
But yes, we really hope that it will
There's nothing better than a reliable Twitter spaces host
And I'm totally not biased in making that comment
But I really appreciate the rundown there
And look, let's keep it moving here
And I do want to throw it over to Amplify
First and foremost, Amplify
My friend, how are you doing?
I'm pretty stoked for this conversation
I've been thinking about this
And working on this for a long time
So I do want to just give a little bit of context
Into around working group zero
And what we've done in terms of proposing
These two AIPs for AIP 239 and AIP 240
They're both the working group proposals
So working group zero or WG zero
Was formed as a result of AIP 196
Bringing Order and Reliability
Via Ecosystem Decentralization
The stewards of working group zero
Had a three-month mandate
To decentralize and operationalize the DAO
Which was extended by a month to ensure a complete execution
We were tasked with a couple of things
Number one, to facilitate an RFP process
To find the new Cayman administrator to replace Cartan
We spent the beginning of our term doing this
And Web Slinger was chosen by Community Vote
And second, we were tasked with proposing guidelines
And objectives for future working groups
And that's what we're going to be speaking about today
And we've also got the link
There's a tweet we're missing here
But we've got the guidelines and process AIP up on Snapshot
You can go to snapshot.org slash apecoin.eth
And you can see all of the AIPs that are live there right now
And then we've also got the WG zero Discord
Whereas a lot of this conversation to develop these AIPs
Has been happening for the last four months
Thank you for the rundown there, Amplify
We need to get a tweet pin
Do I need to find a tweet, Amplify?
And it is up there, it is pinned
You absolutely love to see it
But okay, cool, look, we got some background
We got some context, we got some information
And we got five AIPs to discuss
Okay, so what's the best way to go about this?
Should I run through all five?
And then we can go one by one after that
All right, sounds like a plan
Get ready for some reading
First and foremost, we have AIP 214
AIP 214 is sponsoring the DAMN show
It's proposed by apecoindao and BAYC community member
Artari.eth, co-host of the DAMN show
And it has been deeply ingrained, excuse me, in the 10KTF ecosystem
They're looking to increase distribution, scale operations, and enhance marketing and editing
To become a self-sustaining operation by the end of the six-month period
AIPcoin will also be mentioned in each of the live streams and recorded broadcasts
And AIP 214 is asking for $95,000 to fully implement this proposal
Moving on here, AIP 227 is, excuse me,
Public goods for building DAOs based on islands in the other side
And for a breakdown, this is proposed by apecoindao and BAYC community member
AV, a blockchain-slash-full-stack developer since January 2022
As far as execution goes, they're looking to build a platform powered by apecoin
That empowers community members on other deed islands to form and manage DAOs
The primary focus is on providing tools for DAOs with the Marketplace Aggregator feature
Serving as a secondary aspect that supports the formation and management of island communities
This proposal is asking for $50,240 equivalent in AIPcoin to fully implement the proposal
The third one on our list here is AIP 236
It's a fantasy novel about NFTs, the legend of ISA
For a breakdown here, it's proposed by apecoindao and BAYC community member Sasha
As far as the execution goes, they're looking to write a full-length fantasy novel
Half of the book has been written already, which is important to note
And they're asking for $28,150 paid in apecoin
And for proposal number four here, AIP 239, Working Grouping Guidelines
And Governance Working Group Charter
It's proposed by Working Group Zero Stewards to amplify
Excuse me, excuse me, amplify
Bad Teeth, Halina, Lost, Red Vulcan, and Wavam
As far as the execution goes, excuse me if I butchered some names there
Operationalize the AIPcoin DAO through autonomous working groups
Beginning with the Governance Working Group, which will allow the community to continue DAO-approved governance processes
Which allows for the suggestion, discussion, voting, and implementation of proposals
And this AIP is asking for $180,000 USD in ape
In order to fund the operations of the Governance Working Group
And then our fifth and final AIP here is AIP 240
For community discourse facilitators
It was proposed by the same Working Group Stewards here
And as far as the execution goes, they're looking to create an AIPcoin DAO discourse facilitation team
Of three people to facilitate the DAO-approved governance process
In addition to maintaining a productive environment within the DAO's governance platform
Like moderating discussions, enforcing rules, and promoting positive community engagement
Based on DAO-approved guidelines
This proposal is asking for $80,000 USD to fully implement this proposal
So look, that was a quick rundown, that was some difficult reading
Sorry if you had to struggle there with me, but look, we made it through
We got through all five, we made it
Just like we're back in school reading out loud
And those are all five proposals, so look
We've got five very, very interesting proposals
We have some relevant parties with us on stage
You're lucky I can still meet you
We've got five proposals to run through, and some relevant parties on stage
So what do we think here? Do we want to start with $239 and $240
And sort of deep dive those, because we have the relevant speakers on stage
Or do you want to start from the top?
Start from the top, yeah, we've got Atari up here
Awesome, so we do have Atari here from
Ba-da-ba, ba-da-ba, ba-da-ba, is this
That's 2-1-4, the damn show
Sponsoring the damn show plus live game shows
That's the first one we talked about
And we do have Atari on stage, so first and foremost, Atari
Welcome to the stage, how are you doing?
How are you feeling, and how are you living on this beautiful Wednesday?
I'm good, I'm good, I just took a nice evening nap
And I know those are uncommon, but I'm here, I'm alive, and I feel great
Awesome, awesome, well, look, I just gave a sort of a quick rundown of AIP 2-14
Who proposed it, what you are looking to execute, and how much you are looking for
Would you like me to throw you the mic right now?
And you can sort of give us a quick rundown of what AIP 2-14 is
What the damn show is, and what you are looking to do here
Yeah, absolutely, so maybe I'll start with the just quick facts
It's 95,000 US dollars is what we are asking for
It was about 18,000 AIP coin, you know, back when it was proposed
I think it's a little bit different now
With the price jumps and all that
And then that money is going to be used in two specific ways
One is we want to do these live game show giveaways
So we've done on the damn show, we've done some of these before
Think like who wants to be a millionaire, price is right, all that stuff
But live and anybody in the audience can come up and potentially win and take part in these
And we had so much fun, and I think that's what the damn show is about
We asked the question like, hey, is this fun? And if it is, we'd do it
A lot of our content, like we started off out in the 10KTF community
It was myself, maybe in an indictment hand
And we've been hosting shows for the past 10, 11 months
Since after NFT NYC last year
And so it's a recorded show on Monday, and then it's a live show at 5pm Eastern each week on Thursdays
And obviously Thursdays at 6pm is where 10KTF's quote unquote episode begins
And so we cover what's happening in 10KTF live and we get to experience all the updates live
But then there is time during and before that where we do a lot of interviews, game shows
And we just like to have fun
So that's the very high level part of it
And then the second part of the grant is about
There's a lot that goes into the show whether it's creating videos, whether it's creating graphics
Whether it's editing videos, taking shorts
And I'm just pinning up like a tweet right now
Just to give people an idea of like, just we like to have fun
And it's a lot of movie references and stuff like that
So I'll just give a quick primer on this tweet and maybe we can go into some questions
Sounds like a plan to me, Atari
Perfect, so just the example here, and I give this example
Because I think it's a fun thing that we did
But we were getting crushed on our proposal on Saturday
And it wasn't feeling so good, we were down by 500K votes
It was about a million no and 500K yes
And we in the same way Hoddle sent me the bad signal earlier to get me up on stage
I sent out the support signal saying guys were getting crushed
And so in this scene, if you've seen Endgame, which I hope you have
You know, we're capped and we're alone and we're getting crushed
And we needed our friends to show up for us
And in like the 12 to 18 hours since we published this
We took like a crazy 1.5, 2 million vote swing in the positive direction
A lot of our friends showed up and things are looking okay right now
We're not, you know, taking the foot off the gas pedal by any means
But things are looking good
So this is some of the stuff that we like to do for the community and the space
And really like tell stories
Incredible, well look, thank you so much for the breakdown there, Atari
And we can move to some questions
I do want to call out two things really quickly
If you're on stage and you do want to ask a question, I always respect in the hand
And you would like to come up, speak, ask a question, make a comment, whatever it is
Hit the request button, we'll do our best to get you up
But I'll start with the question, Atari, first and foremost, some flowers
As a spaces host, as someone that makes content, I love to see more content
Pushes more people creating and doing some dope live shit
But the first question I want to ask you is
With this proposal looking for $95,000
What is the biggest way, the biggest change that you'll be able to make
And impact your content with this $95,000 grant from the Dow
Yeah, that's a great question
So the biggest way that I think we can do it is
Well, there's a couple ways that I think it's going to change your content
And it's more of like a philosophical one
But it's like, we've been doing this for kind of for fun, for free
As in like, we're not paid by anybody
And so the first thing is that it legitimizes it
It makes it real in the sense that it's like
The community saw a lot of value in this
And they said, yeah, we want to vote for this
Here's money, take it to the next level
So it's like, I think, receiving money for something that you've been doing for quite a while
And not receiving anything for
And you're just having fun, it legitimizes it
So it makes you want to think about it at a deeper level
The second way, and it's more like on the operation lens is that
Whether it's the editing, whether it's the video creation
It's like, all of that stuff has been us
It's like myself and maybe Neda, we've been taking on a lot of that
And so most of the hours of the week go into all of that
Plus, you know, thinking creatively for the next week
What do we want to do on this Thursday?
Who do we want to book for guests and all that
So I think in the biggest way, it's going to be able to let us think about
I think what makes the show more, which is the creative side
We're going to be able to delegate a lot of the stuff that we don't necessarily need to be doing away from us
And think about what makes the show better, which is the creative
Which is what's fun, and how do we make it more exciting for people to watch
So I think that's the biggest way
Awesome, thank you for the break down there, Atari
We do have a hand up, unfortunately it is fidgetl
And I have no choice but to go to the only hand on stage
This is a very tight space for me and you to fuck with each other
So this is going to be exciting
A couple of questions, what's the correlation between 10KTF and the IPCOIN DAO?
The correlation between 10KTF and IPCOIN DAO
First is, it's the only other project besides Port API Club
And the Unipya Club that's gotten an IPCOIN airdrop to the holders
And the second is that Yuga Labs purchased We New Labs in November of 2023, 2022 last year
And they're now part of the ecosystem
And so there's been a lot of hints with the other side and all that for quite a while
But like this, that was legitimized and made real back in November
I guess I'll follow up and ask, so what's your average viewership?
For livestreams we get somewhere between 130 to 180 for like a two hour period concurrently each Thursday
So I guess my follow up question, and I did ask if I had to be nice beforehand
So I'm just going to ask my question
Why not, are you unable to get traditional sponsorship?
It's not that we're unable to, I think that we're going to be going in that direction
That's a lot of what we're going to be doing going forward
But I do think that sponsorships, like there's two ways to think about sponsorships
One is like very general and you need a lot of numbers and scale for that
And I think quite frankly, most of the NFT space from a numbers perspective
Isn't there for like the big general sponsorships
I think there are obviously projects within the space
Or like people within the space that want to sponsor content
We just haven't focused on that
We've just made it about the content
As we now operationalize a lot of this, we're going to be focusing on all that
In the breakdown that I've learned online and in your description
I would assume that most of it would have gone to marketing
To up your numbers, to get exposure
Because I believe the goal of any Apecoin DAO grant is to increase exposure and awareness of Apecoin
And that would be increasing the exposure of your show
So that there's increased exposure of Apecoin
I still don't get that connection
But I presume that would be built into your content
But I would presume that most of it would have gone to marketing to build your viewership to get awareness
That would be the circular logic in my opinion
I mean, yeah, there's a lot of different ways to do it
One, I'd say half of the, about half is for that
It's the giveaway shows and so by having a prize pool
That's obviously a big draw for any show, you can ask anybody
And that will, that's obviously going to be marketing
I think the other way is that, like it's not traditionally literally like, let's put dollars towards trying to get eyeballs
The other way is that by operationalizing a lot of like, you know, again
The editing, delegating the way from us
We get to focus on the creative, we get to focus on the best show possible, the best guest possible
And therefore that is going to increase the level of the content and the quality of the content
And that is also going to draw people in, so those are the two ways that we look at it
Okay, thank you for the breakdown there, Atari
And thank you Fidgetl for actually asking some half decent questions
Huddler, I know you got your hand up, I'm going right to you baby, what's good?
Yo, I had the chance to speak to Atari earlier in the week
So I remember that he said the North Star for the Damned show is to have fun
And like Bette said, this is easily one of the most fun stages that we have
So I'm just wondering, Atari, could you tell us a little bit about some of the plans that you have to bring some of that fun to the 8 Point community?
Yeah, I mean, I can't get into all the different plans
Because we're still working on them internally
But what I can say is that there's something really different that we felt about like a recorded show versus a Twitter space versus like a live stream
And which is why we started with live streams
And that's one of like our main, let's say, quote unquote, flagship product
And I think as we think about that, we always think about like what's the viewers experience and why would they come and watch
And you know, beyond besides like the besides like, you know, potentially winning like an NFT or whatever
I think it's like it's how you win is just as important as as what you win and we focus on the how
And so when I said it's the when I said it's game shows, it's we want to be able to give people an experience that they're like, I went on the Damned show
And I was like the second contestant on who wants to be millionaire
And, you know, there's a third question and I got stumped and I asked the audience and the live chat lit up for me
And and gave me the right answer because that was me asking the audience
And so we want to and I want everybody to in there have an experience with that where it's like everybody was a part of that story
And to me, that's a lot of fun to me. That's memorable. So that's what I can say to that
Awesome. How do you have a follow up question?
No, I'm just going to attack. I love it. Make sure Jerry gets those squats in
Okay, some of the lower if I say that whenever I whenever I say love it. We got it. We got to hit the 10 pushups or Jerry just squats.
So that's just a little of the Dow lower here for you. So you push up.
I'm taking notes. So I need any and all bits and pieces of lore that I can get and we do have a hands and I'm forced to call on it.
Jeremiah John. What's good, baby? How you doing? How you feeling? How you living?
What's good thread? How much a coin did you buy or did you get paid in a coin just to do this? I'm hoping so.
Yeah, so I think I did for this one, like I looked through it and I participated in this at all.
But I finally I just bought a shit ton of a point in the last month and finally I'm trying to get involved.
But I'm thinking like, is there going to be a coin branding on the show?
Like how much is this going to push a coin? Like are you going to give out a coin?
I see that you're giving out some like other deeds, but I feel like you could use a lot of that a point and just give out little bits.
So it's like people are constantly thinking about a point where it's like, oh, I can get any coin like because really people a lot of people don't have any point.
So if they're able to get some and then also like kind of educating people about these AIPs and the whole eight point Dow.
I feel like if that was a little more part of the show, that would I think kind of help the whole ecosystem versus just talking about like 10 KTF or Jack butchers, NFTs and things like that.
Like I think I think it's good to talk about lots of things, but like, do you have a plan for really making it more and more kind of focus on AIP coin?
Yeah, yeah, of course. So a couple of points there.
And I would I would recommend it's a little wild back.
But in December, we hosted a special council election episode with and we had on a bunch of people that were voting or not voting running for the election.
And it was, you know, all AIP coin branded and election music and animations.
So I think you can you can definitely expect that when it comes to the AIP coin.
I think small things which do matter.
It's like a little for every show having a sponsor by AIP coin.
I think that's a huge thing.
And of course, having micro drops like AIP coins woven into like like our shows, because not every show is going to be like a giveaway show, but having a portion of that.
That's definitely going to be a part of it.
I think the line that I think about when I'm writing a grant is like, well, it's like, do you want to give like every bullet point detail?
Or is like, do you want to give people high level to give an understanding of like, okay, generally, here's how we're thinking about it.
But that from the day when I can say has been a part of the been a part of the like, AIP coin proliferation side.
Gotcha. And then looking through like the the breakdown, like, you know, there's there's social media, there's producer, there's all these different things.
But I'm kind of guessing that it's like, is it just three people that are that are all these roles?
Right now it's it's it's like two and a half. Yeah.
But like we want to operationalize this and so delegate it.
Awesome. Thank you, Atari. Thank you, John. And look, we do got one more hand up here.
Fidgetl, what's going on with the question?
I'm super happy that this space is as boring as every other space I've been on.
Like you guys are you guys are crushing it.
I know. Not you. I go on these I go on the eight spaces and they're like the others.
Is the land going to be and where where where do you think the yacht club is going to like step it up?
So two things. One, Atari, why don't they just make a dating show?
I think a dating show would crush it. Like you don't have to create fun.
There's none of you guys get laid just create a dating show.
There's there's just not enough girls, man.
Digital needs a girlfriend.
He wants you to create a show to help him.
Sorry, we thought about that.
And we just could not find enough girls, which is why maybe Netta, one of our co-hosts.
She does a lot of stuff with women and she's trying here.
But I don't think we're there yet.
There's not enough coin in the ecosystem to even afford to get you a date.
Look at that. This is quiet and dull.
I literally whisper the idea of a woman and you guys lose your mind to.
And here's a statement slash question.
So probably for a thousand dollars a month, he would be the spokesperson.
This is not my manager speaking.
I want to make that clear.
You live in Compton motherfucker for a thousand dollars a month.
And the equivalent of the money you're asking, you can get eight years of thread guy.
Eight years of thread guy excitement for the amount of money you're asking.
I'm just throwing it out there.
We'll consider it thread guy.
Let's let's DM after we could work something out.
I mean, Compton, that's rough, my guy.
Yeah. Have your people talk to my people and then we can see if we can make something work.
There's no more questions though.
I do have one more and then we can potentially move on to the next proposal.
Last thing I want to ask for you, Atari is sort of in this, this layout here.
You mentioned that six months is the target to become a self-sustaining operation with this grant money.
I just want to ask you what in your world does a self-sustaining operation look like
and what do you need to get there from where you are right now?
Yeah, that's a great question.
Well, I mean, one thing I want to preface with saying is that I understand $95,000 isn't a lot of money.
Look, it is and it isn't.
Like in the grand scheme of like, you know, NFTs and what gets thrown around, it's like,
you may look at $95,000 and say, oh, that's nothing.
Like I just aped into peppercorn and I with .25e then I made .50, right?
So in that context, maybe it doesn't look like a lot of money, but I think for us,
this is something that we've been doing and having a lot of fun and success with no money, right?
There was a 10KTF event in LA that we flew in and we hosted live to give people at home
that weren't able to make it like an understanding the experience of what happened at the event.
And that was a really cool thing and we want to do a lot more of that.
For us to get any sort of funding for this is like honestly crazy.
And like, if it all works out, we're going to get it.
I think the second question to answer, what does that look like for us?
So I'd say a main thing is what Fijito was saying, where it's let's juice the numbers.
Let's get more marketing efforts so that we can let's make better content so that we can get to a point
where we have sponsorships and that's a regular thing on the show.
And so it starts to generate revenue on its own continually week over week.
And then we have consistent numbers.
The numbers continue to go up, which might trigger some people and put number go up, all that stuff.
But anyways, and then subscriber count continues to increase and all of that.
So that's kind of what we look at it.
There's a couple of other things that we have working on the background that I can't speak about that I think is going to help us get there as well.
Okay. Well, I'll tell you what, Atari, I'm a huge fan of number go up.
So I do love that explanation right there.
And look, I don't see any other hands up.
So I think we can call that wraps for the first AIP.
Really, really great to chat with you.
Thank you for breaking it down.
Thank you for answering all the questions, the tough ones and the shitty ones.
And with that, we can move on to the next one.
Not even that is just thank you for forever.
Thread guy corn lost a bad teeth.
Thank you for the support and federal.
Thank you for the tough questions.
I just woke up 20 minutes ago, but I had to get the brain going for that.
So I enjoyed that and take care of everybody.
And with that, look, we have our second AIP,
Now there's like public goods for, I don't know if I pronounced that.
Somebody else going to have to say that at some point here,
but public goods for building Dow's based on islands in the other side.
And this was proposed by a point Dow and a YC community member,
Evie, who I don't believe is with us on stage.
we do have Hausler on stage who I'm going to throw it to for a quick run
Depending where you're at.
Happy to give the breakdown here for AV.
They are on another continent, so they were not able to make it,
but they did give us a brief to share with the community so that everybody
can get a little bit more of an idea of what the another site,
you did say it right thread guy,
the public good for building Dow's would do.
So from AV here, AV wants the community to note that currently what they
have seen is that guilds serve as a way for people and builders to connect
But another site aims to go beyond that by creating a platform that functions
more like a faction or nation,
bringing people together based on their location in the other side.
So sort of your plots that make up those larger islands there.
That's what they're talking about when they're saying those islands.
So another site envisions fostering stronger bonds among builders who are located close
to each other on the same island,
enabling them to collaborate effectively and create meaningful projects in the other side.
So I can I don't have too much more insight than that as far as being able to answer questions.
But the proposal is live.
If you go to a point dot com and you click up at the top,
you click governance and you go to the live AIP section there on the discourse.
And you can read about it.
And you can message the author directly there as well if you have any other questions.
Thank you for the break down there.
Hodler, should we should we still do questions?
Like we don't necessarily have people on stage.
I guess Fidgetl has a question.
Your own DAO doesn't work yet.
You think you could give money to somebody else to make other fucking DAOs?
It's very forward thinking.
It's very forward thinking.
I think that that was my own comment to the author.
I think that they're looking forward to the time when we're going to be able to sort of create projects in the other side.
And maybe, you know, I might walk from my island to the neighboring island and we want to be sort of collaborative.
So I think they're kind of thinking about that.
I think forward thinking is a good way to put that one.
We do got crime with his hand up.
What do you think of this proposal?
I only have one question.
Why the fuck are we trusting the voice of Abe coin in thread guy's hand?
This motherfucker probably owns point.
Point two more than you have.
Thanks for a whole lot of nothing there.
I don't have too many comments in this.
I could ask some questions, but I don't not sure that we have the people here to answer them.
Do we look back and forth or do we keep the train chugging along?
No, yeah, we can we can move on to the next one if you if you want to read off the title.
And I do have a little bit of information for the next author as well.
And then the last two, obviously, we have respective parties on stage so we can get serious with some questions.
Look, the third AIP here is AIP 236, a fantasy novel about NFTs.
So Sasha wrote a thread for us noting that the proposal was doing well and wanted to give a little bit of insight on how the proposal lines up with a point just based off of the available information there.
In the first paragraph on APECOIN.com, it emphasizes culture as underpinning of the Web3 economy.
And this is I'm reading here from Sasha.
So it is not by pursuing Web3 economy that we get the culture we want.
He says it's by pursuing culture that we get the Web3 economy that we want.
Not by pursuing Web3 economy that we get the culture we want.
It's by pursuing the culture.
This is a quote I'm reading directly here.
So art, gaming and entertainment are three of the four listed drivers of our culture as listed on the Web site.
So Sasha notes that he thinks that it goes without saying that a fantasy novel is a form of art and his proposal would include money for at least 10 illustrations by various community artists.
He says it's an art sandwich.
So he said, OK, I'm reading here.
I'm reading here. It goes also without saying that a fantasy book is entertainment.
I'd imagine most of us have dear memories of losing ourselves in one such book or another.
I talked to I did talk to Sasha earlier.
And so this is a real novel.
He said to imagine like Lord of the Rings, but with lore from the blockchain ecosystem.
And Sasha says perhaps finding ourselves in them, taking shelter, feeling expanded or just plain enjoying the twists and turn, goes on to talk a little bit about gaming as well.
And so I'll pin this tweet up there to the top so that you guys can have the opportunity to sort of read the entire context yourselves from NFT Sasha here with their proposal against AP 236.
And they have the fantasy novel about NFT.
So that's the legend of ESA.
OK, thank you for the breakdown there.
I know you had your hand up.
I'm excited to hear what's good.
This guy DM me personally to try to tell me that I took to look into this one, which I first message from him.
So good, good way to come in strong.
And I don't know what it really has to do with kind of spreading the message of APE coin.
So I feel like that's that's kind of missing there.
Also, just in general, I feel like when I look through this touch, which I just started doing, but I feel like because there's just like this massive amount of APE coin, people are just throwing out whatever numbers without really breaking it down, like what it would cost or or how it really adds value.
So I feel like, you know, just moving forward, people should really I don't know.
I think if you ask for less and and start there, then you can always do another one and show like your progress, like, hey, we did this with this little amount, like imagine what we could do with more.
But just coming in with a with a larger amount from the beginning, I think is a harder sell for a lot of people.
So I see that a lot of people are not really, I guess, abstain is something that that's popping up more than than anything else.
So in the future, would you like to see specific breakdowns of why money is needed and where it is going?
Yeah, especially how it's going to how it's going to pump the APE coin price.
Really, I feel like isn't that kind of the point of all of this?
So it's like, if it's not going to really, like, bring more eyes onto APE coin and make it more valuable and more usable, then it's like, it seems like it's just kind of like, oh, I can kind of get this to do this passion project that I that I want to do, which is is fine in the long run.
But I feel like for it going through, it would be smart to try to think about how it's going to benefit the whole ecosystem of the Dow and the APE coin itself.
Okay, thank you for the comments.
Thank you for the explanation, their job.
You do have your hand up.
Thankfully, I get to skip digital and call on you.
I just want to add something about about the idea of value in the ecosystem, because I think that, you know, there is an instinct to look at the price of the coin as the measure of value in the ecosystem.
But, you know, as I got really deep into the NFT rabbit hole, the way that the Board of Yacht Club created value was by giving their IP to creators and allowing them to build things.
And that that is what actually created the value in the ecosystem.
So the opportunity that the Dow has is to really support, you know, builders, creators, people thinking about things that are going to add value, create other opportunities to use APE coin and figure out ways to to to grow this ecosystem that's not not pinned to any price of the coin.
Okay, thank you for the comments.
Their fidgetle, you got your hand up, AIP236, fantasy novel by NFTs.
Unless it's the kind of fantasy we were discussing about earlier.
Is that the fantasy about how I'm going to make generational wealth in the next cycle, fidgetle?
You literally took two calls of the day with your shirt off and your hair.
Well, look, look, look, look, look, look, look, look, look.
They are not here to answer the questions and it doesn't look like we have any more hands up.
So if there's no further comments, we can move on to the last two proposals.
Jeremiah caught me right in time.
Yeah, I'm just looking through it more because it's like I want people's things to go through.
It's not like I'm trying to completely fud people doing creative things.
But it's like if it was just more tied to apes and kind of showed like how it's going to add to the value of the story,
I think that would be helpful for people to be like, oh, cool, I get to read the first chapter.
I get to see the first piece of art.
I think the sketch that's up there doesn't have any apes in it.
So it's like, OK, how does this relate to the ape ecosystem?
So I feel like that would have helped if it was like a really cool piece of art where it's like, hey,
I self-funded this because I believe in the project and like imagine if I had more money.
That's kind of how I feel with a lot of these things.
It's like I think the last one, you know, they've already been doing the show.
It's like, hey, look, we already did this because we we like doing it, whether we're getting paid or not.
And like if we had the money, then we could we could do more things with it.
So I just feel like that would be helpful for people.
Like if you're going to try to show something to me directly, make sure it kind of adds value to like what what I like,
which is the ape story and the whole ecosystem.
Awesome. Thank you all for the comments there.
I'll take it. I'll take it.
But just because I just wanted to answer Jeremiah's one question before going on,
sort of to the next thing and it wasn't really necessarily a question,
but just to address the one point that I would note that the author did write half of the story already.
So I guess maybe you could ask them if they were willing to share you with you,
like, you know, like a couple of paragraphs or something.
I haven't I haven't seen it myself.
But they did say that they've spent the last half of the year sort of putting this story together.
So they're they've got some some professionally educated skills in writing.
And there's half a book sort of ready to go with with lore that is sort of based in some of the NFTs.
So that's that's just that's what I know.
Yeah, there there is a link to to that.
In the proposal in the full proposal, but it just doesn't it doesn't hit me with like ape right away.
Like I'm not I'm like scanning through it.
But it's not like I'm like, okay, this is a this is an ape story.
So but it's it's whatever you wanted to do.
Yeah, we both know Jeremiah is reading half a book to do any research here.
But thank you for the question.
Thank you for the comments.
So I just read the been the tweet.
I'm not really sure what a fantasy novel set in the world on a season.
That kind of frightens me.
But I will say that if Fabio is on the cover, I would I'd vote yes for this.
If Fabio is on the cover, I would I'd vote yes for this.
Okay, can I can you tell me what that means?
You don't know Fabio is do you?
Okay, we're going to glaze over at that.
But look, look, look, look, look, thank you for the comments.
They're digital and great to know you did your research preparing for this space.
And with that, I did my research 3000 doesn't do shit.
Like what are you going to do with 28,000?
You're not going to print shit.
It's just paying for salary to keep on writing.
Thank you for the comments.
And look, I think that does it for a IP to 27 unless we have any final comments
We got two more proposals to cover here.
And the first one is a IP to 39 working group guidelines in governance working
Thankfully we do have that group with us on stage here.
I think I'll throw it to amplify to give us a little bit of deep dive and we can
go from there amplify what's going on.
So AIP to 39 is the result of well over four months now of research and help
from governance leads of other work, other Dows like ENS get coin and no safe.
And the goal here is to create a sustainable structure where the community
can continue to facilitate Dow operations like our governance process on
It's important to note this AIP does not make any changes to our existing AIP
process or governance process.
This AIP establishes the governance working group to do this work as well as
establish rules for the creation of other working groups.
And our motivation is to remove our reliance on a single service provider,
decentralize Dow operations and create an infrastructure for our Dow that allows
us to become sustainable and active throughout all corners of Web 3.
We believe in progress over perfection and know that this AIP will likely need
to be iterated on after we've seen how well working groups are functioning under
And this is why we've included an intentional reflection period to happen
every three months after an election to purposefully reflect on the effectiveness
And I'm going to pause there to answer any questions, but I'm happy to go into
more detail behind the motivation and the rationale here.
What do you say we keep going, Amplify, run it all the way through?
So I think when we think about a Dow, right, a decentralized autonomous
organization, they don't start out that way.
It usually starts with a core team that has a vision and a product.
And then it's their job to find product market fit in a large community of users
who are going to use their product.
That way, once they have a community, they can safely decentralize the mission,
vision, and values and the product into the hands of the community and become a
So AIP coin kind of launched the other way around.
They gave us a vision, but no core team.
And when we think about the product, what do we really have?
It's really just the AIP process governance and the Cayman Islands Foundation
So we're missing a few of these core components that make up a Dow and but
luckily we do have a very, very large and passionate community.
So with all this in mind, having no core team and essentially governance as our
as our only product, I think this contributes to why the Dows felt so
passive for the last year.
We're kind of all just waiting around for the Dow to do something and just
expecting someone else to propose an awesome idea.
I think this passive approach to Web 3 isn't exactly a recipe for success and
we need to start empowering members of our community to begin facilitating Dow
operations and taking ownership of our Dow.
I think we could be doing significantly more to drive culture forward into the
Metaverse, become the premier Metaverse token and uplift our creators, artists,
and developers by giving them the support they need to build truly impactful
products for our ecosystem.
Governance as a product isn't fun or ideal.
And it's why no one wants to participate.
Our Dow isn't very exciting because we don't do anything except govern a
Treasury in the Cayman Islands.
Working groups allow us to push complexity to the edges and begin focusing
on what's really important for our Dow.
They solve for the single point of failure that is having a single Cayman
Islands foundation administrator as the sole service provider for our Dow.
And I think we need to empower the members of our community to take action,
set direction, facilitate Dow operations and move the Dow forward together.
At the beginning of this year, our sole service provider, Cartan, I put this in
quotes loosely, they seemingly threatened a constitutional crisis if their AIP
didn't pass and they're sort of correct, right?
If their AIP failed, there would be no one left to facilitate Dow operations.
And this failure specifically spawned working group zero, which was mandated
with proposing working groups, which is this AIP, AIP 239, and identifying the
tasks our administrator does not have to be doing on the ground in the Cayman Islands
and then transition those tasks into the community.
During our discovery with legal, we determine determining these tasks that
can be performed outside of the Caymans.
It's pretty much everything except token issuance and compliance.
As long as there are operationally sound policies and procedures for managing
Dow owned assets like the discourse website or Twitter, there's no reason why
the Dow can't own and operate them ourselves.
We do not need to outsource operations to a third party service provider.
We need to remove our reliance on the eighth foundation for daily operations.
The foundation exists to support the Dow and not the other way around.
One of the common concerns from token holders is sustainability of our treasury.
No one wants to give out grants because we have no product, we have no mission,
Working group, specifically the treasury working group,
solves for this by allowing the community to create infrastructure that can sustain
the Dow's burn rate and operations indefinitely through liquidity initiatives
and thoughtful asset allocation.
How is it we can't deploy any of our one and a half billion dollars of AIP
And it's because no one's responsible for doing that job.
No one's responsible for that work.
Another common concern being addressed by the marketing and communications working
group is how do we enable the AIPcoin Twitter account to begin uplifting our
content creators and our Dow members?
How is it that someone with an approved AIP can't consistently get a simple
retweet for said AIP from the AIPcoin Twitter account?
And again, it's because it's no one's job to do that.
Same with hosting this Twitter space.
It's no one's responsibility to do this work.
Finally, we've seen the impact of having Dow members facilitate our governance
AIPs are moving through the process at record times, with April being the
highest volume of governance votes in the history of our Dow.
Prior to working group zero stewards doing this work, it was often quoted the
average time an AIP takes to get through the process is four to six weeks.
Working group zeros cut this time in half, proving that when you empower members
in our community to facilitate operations for our community, operations
become highly efficient, responsive, and accountable.
And it's because we have people who care.
The people doing the work are from the community, not a service provider hired
I'd like to end by saying our Dow should not be passive participants in Web 3,
reliance on a single service provider in the Caymans.
We really should be active in every corner of the metaverse if we want our
token to become widely used, integrated as a form of collateral in DeFi,
and accepted as a form of payment in the metaverse.
We need to exceed the pace of our burn rate and grow the size of our treasury,
and we need to create an environment where the Dow can not only survive,
but flourish and thrive without relying on any single service provider.
I think Yuga gave us a rocket working group zeros building the launch pad,
but we still need some astronauts to pilot this thing.
So please get out and vote.
And again, I'm happy to answer any questions.
That was well said, Amplify.
I really appreciate the in-depth breakdown.
I would say that that was eloquently put there.
And thank you for jumping in.
Digital Jeremiah, you do have a hand up.
I'll hold my questions for now.
GBT really knows how to write.
I was blown away by that.
I felt like I was in a college class right now.
No, but it sounds like some big brain stuff that is hard to make entertaining
or sexy in a Twitter space.
So I'm going to have to read through it deeper.
I'm trying to look through it.
I'm trying to get the core parts of what are the people actually going to do?
The people that are getting paid money, what's going to be your amount of hours put in
and what are those hours going to be spent doing?
So specifically, this AIP number 239, it sets the rules for future working groups,
but it also is for the governance working groups.
So specifically, what they would be doing is our AIP process.
So what that looks like is, well, it's very intensive.
I'm not going to get into every detail, but essentially their job is to identify
And so they have a draft analysis report that they have to do for every AIP that
they then send to the special counsel.
Special counsel then can like deliberate with legal if there's any kind of legal
And then it can go to snapshot because the Articles of Association for our
foundation relies on the AIP process and the outcome of snapshot votes.
It's very important to have objective and accountable people doing this work.
And Fidgetal, you have a hand up.
One, this is not the discourse one, right?
This is the one afterwards.
So this is, yeah, the governance working group, the discourse facilitators,
they fall within the scope of the governance working group if it were to pass.
No, I'm just trying to clarify.
There were two AIPs from working groups.
There was one that was the discourse one.
And there was another one that allowed for autonomous
Yeah, this is the autonomous working groups.
So the discourse one is just status quo.
It would be a new precedent, essentially, because we've only ever had a service
provider facilitating DAO operations.
So it would be the first time or well, technically the second time.
We would have community members doing this work.
I'm just asking again, there were two different AIPs.
So he asked me to help them look through.
You didn't read anything either.
There were two different AIPs.
This is the first one for the working group structure.
So the discourse one is next.
I got a DM about AIP assembly stuff and clarity in terms of.
So this is, I understand this sounds very familiar because it sounds like it's
built off of a lot of stuff that I may have been involved in writing.
So I didn't hear necessarily, although a great dissertation at the beginning,
functionally, realistically, what's being created?
There was, and I liked the idea of autonomous groups.
It's necessary for effective doubt governance.
Obviously it came an island company doesn't run a doubt that that would make
A doubt isn't run by a company.
So I'm personally interested in how you're like, what,
what are you, what are you spinning off in terms of groups?
What are those groups addressing specifically is it sounded like it was
just focused on addressing the proposal process.
we put out the governance working group charter and then out guide guidelines
and essentially it serves as a template for other working groups.
So we had other members in the community create a marketing and communications
We had a metaverse working group and we have a treasury working group.
And so these are still AIP ideas.
They haven't been voted on yet.
So I'm going to go back to that.
I'm going to go back to that.
I'm going to go back to that.
I'm going to go back to that.
I'm going to go back to that.
So specifically the way that the stewards are elected for these working
it's a Dow wide vote across all token holders.
It's a token weighted vote through the AIP process.
There's nothing changed there.
So we have a special council,
so it shouldn't be any surprise to anyone in terms of like how to apply or
There's term limits in place for the, for all of the stewards.
There's a initiative within the scope of the governance working group
called the ape assembly, which is a continuation of working group zero.
We took, we set a criteria that essentially outlined 503 token holders
as the most of that, like highly participant governance participants in
So those were people that had trust level two on discourse,
or they had 50,000 ape coin and have voted on AIP,
or it was people who have, um, yeah,
voted on 50% or more of the AIPs that have gone to vote.
So then we took the working group zero with these 500 token holders.
And we asked them to elect the stewards of this working group.
And we think that process worked very well.
We got the right people into the position to do the work.
And we think it's going to work again.
Um, specifically the motivation here is when you think about governance,
the stewards of a governance working group or any kind of governing body,
they should be very outward facing,
very diplomatic, very good quote politicians,
I would say very good at getting elected, right?
But if you think about a treasurer or a marketer or any kind of like
illustrator, right? A graphic design artist,
they might not be the best at getting elected.
So it's important to know who in the Dow has the context to know what
the Dow needs and how to hire out for those roles.
Okay. I feel like you, you, you, you finished halfway through the sentence.
Oh, no, no, that was it. Yeah.
The how, how are those people going to be,
how are those people going to be interested to be properly qualified to decide
who was probably qualified?
Yeah. So it's a subset of our entire Dow, right?
So these are, these are already existing Dow contributors.
These are just the ones who have demonstrated through their sweat equity
or real equity, their, their participation in governance.
it's not the core problem. Isn't the core problem that, that,
that criteria as to qualification has been based on how much you vote or how
much you hold, which is not a direct relationship to qualification as to
determination or as to skill base.
So those were only two of the criteria.
The third was trust level two on discourse,
which only takes about 15 days and you just have to demonstrate an interest in
I just, I wanted to jump in here a little bit cause I think that, you know,
AMPS explanation is, is the technical part of the, the AP assembly.
And it's, it's important.
But what I was going to say is that conceptually,
one of the big challenges that Dow's have is that you have this separation
between these stakeholder groups and you have, you know, sweat equity is,
as AMPS said, you have people that are like on the discourse,
they're reading comments, they're leaving comments,
they're participating in governance. You have people that are voting on a
regular basis. That's also supporting the Dow.
That's participating in governance. And then you have, you know,
whales essentially that own a big chunk of APE coin.
And those groups don't always,
almost never actually are those groups talking together in a meaningful way.
which is, is really just an evolution of working group zero.
And then you have, you know,
the AP assembly, which is, is really just an evolution of working group zero,
gives a place for those people to get together and talk about some of the
bigger challenges facing the Dow.
You know, things like ethics and conflicts of interest,
things like judicial disputes, things like compensation committees,
you know, things like vote reform,
like all those challenges that Dow's face unless you have the people that
understand and are, you know,
they are working on these things on a daily basis or they're supporting the
Dow in a meaningful way, unless you have a place for them to get together
and talk, it's really hard to advance those discussions in a meaningful way.
So that's, that's the idea with the AP assembly.
It's literally just what working group zero was.
And our discord went from zero to almost a thousand people that are
participating that weren't and didn't have a meaningful spot to participate.
So we expect that to grow.
We expect it to be a really good way to start getting people together.
in working group zero and the AP assembly was there was a concern because
some wallets had multiple votes just based on the criteria.
There will be a proof of personhood required for the AP assembly.
You don't get docs to do this,
but it does prove that there is a person connected to the wallet and that
wallet has one vote in this group.
it's just a way to try and figure out how to advance the governance of the Dow
in a meaningful way with these groups of people that care about the Dow.
So it's a consumable first step essentially.
And to make a real important point here,
the only thing that the AP assembly is tasked with doing initially is
electing stewards to the other working groups that get set up.
That is, that is the only thing that they're doing initially for any major,
for any changes to the Dow in general,
they have to put up an AIP just like everyone else.
Nothing in AIP 239 affects the current AIP process at all.
Like there is no impact to the current AIP process.
So what's the extent or expectation of their autonomy?
Financially and decision making.
I mean, the, the financial autonomy,
there's a $10,000 a month budget for them to figure out what to do with.
And that's one of the other checks and balances that this proposal
to make sure all of these working groups are sort of that there are checks
and balances that every six months there's a Dow wide vote on the budget
and the charter for these working groups.
So if they don't get a budget pass there,
they're essentially stuck until they either figure out what was wrong with
the budget they put up or change or, or disband.
So, you know, the stewards, the stewards term is a year.
They can, they can serve two terms.
So two years total that those are elections.
The, the budgets are every six months and every three months after anything
passes in the Dow, anyone can put up a proposal to change it.
So literally anyone can put up a proposal to remove the ape assembly after
three months, if that's what they want to do.
Anyone can do these things.
We're not changing the underlying structure of AIP one,
which we think is very good and has gotten us thus far,
but we do need to evolve if we want to actually operationalize the Dow.
Like if you want to have someone in charge of business development for AIP
you have to figure out a way to create some structure to support those people.
So that's just a more conceptually about that piece of, of what we're doing.
So they would be the ones that decide to hire a thread to be your,
your, your space is almost correct.
So, so that would actually fall under the marketing and communications
working group. And yes, the,
the mark column working group would be the one that hires thread in the
By the way, AIP coin, AIP coin just give a thumbs down by the way,
it's red. So you're, you're dead in the water.
Yeah, good thing. We'll, we'll just mute them.
But look, we've got to get a couple more hands here.
Thank you for the back and forth.
Thank you for the deep dive amplify and bad teeth.
You got two hands. We got to do board a privilege.
Given this is an AIP space, we'll go to job.
We'll go to Daito Jeremiah. What's good.
Yeah. So I feel like it's,
it's definitely hard to wrap my brain around this.
And I'm sure a lot of people are probably feeling the same way.
And I think there's like to me,
a pretty big chunk of AIP coin being asked for,
and then it's like not for that long of a period of time.
And then I'm, I'm kind of wondering like, is this being like somebody's
full time job? Like how much time are they spending on it? Like,
and is there proof they've spent that much time in the past to show like,
okay, this is, this is what I've already done. This is why I need this.
I don't have anything else going on.
I'm going to fully dedicate to get like basically a proper salary to do
this as a job. And another thing I feel like just in general,
like just getting into this whole AIP coin thing and really trying to like
wrap my head around it is like a lot of these seem to be kind of like a,
a group of people asking for a chunk of money for something.
And then when I see it like a bunch of abstains or whatever, it's like, okay,
maybe this, this is too big where it's like, okay, why,
why wasn't this broken up into like one person?
Why does it need to be like a group of people?
Cause then I think the bigger the number is then the,
the harder it is to probably make it pass unless it like really makes sense
easily for everybody. That's kind of what I'm seeing just from this one,
where I'm like, okay, um, yeah, what are,
what are the people actually doing right now and what like,
I'm just trying to think of like the day to day,
like how much time are you going to put into this per person and,
and kind of why, why is it worth that amount of money?
Yeah, I think that that's, that's a great question. I would say that the,
the key thing to note here is that the working group charters and the budgets
for these working groups will be voted on in full in August.
So the $180,000 that we've budgeted for in there,
which is described in the bottom of the proposal very specifically is to get us
through this initial period and what it does actually there,
there's only two people carrying over from working group zero into this
process because we wanted to leave it as open as possible to the community,
um, to get involved through the voting process,
but also make sure that the work that we've done continues in the meantime,
because I don't think anyone's going to be happy if we say, okay,
we're on pause until we elect these stewards that, that isn't,
that isn't effective in the Dow environment.
So amplify is going to be the sole initial steward of the governance working
until that they can elect the two other stewards for that group.
And then as it stands right now in, in two 40,
lost would be the one that would be the lead of the discourse facilitation
team. So there's only two people that wouldn't be elected by the Dow and the
full budgets and all those things will be voted on in August.
But if, if you dig in a little bit, there are,
there are specifics about what the pay is for and what the expectations are.
But we, we lean very much into if the work is being done and they're meeting
their goal, it's not about how many hours you work, you know,
people work in different amounts of hours.
Those, those tracking of time linear, like how many times have you typed on
your keyboard? Does that prove how much you were today?
That doesn't make sense in this environment we're in where we're supporting
people that can do amazing things. So just a little piece of, of conceptually,
at least that's, that's my personal opinion on that,
but it's really up to the Dow to vote on these things and,
and decide what makes sense.
And speak personally just because myself,
lost and Vulcan are the ones currently facilitating discourse.
And it currently, it is a lot of work starting, starting,
I think it was like the beginning of April,
it really started to ramp up.
We have a lot more AIPs coming through and it's again,
it's something that the entirety of our foundation relies on the outcome
So identifying potential risk to the foundation is really,
it's not something you can kind of do just in an hour.
It's, it's something you really have to do your research on the,
on the content of the idea and specifically,
and this isn't something I'm super happy about, but the proposal,
the author themselves, right? Like we have to perform KYC.
We have to make sure that they're not in a sanctioned country, et cetera.
And it's a significant amount of work.
It is full-time, but I do resonate very much so with what bad teeth says
in, in so far as if the work is getting done,
I could care less how long it takes someone to do it.
But anecdotally, it is a full-time job.
Okay. Thank you, amplify and great back and forth there.
We got Daito on stage. I'm going to him. Daito, how you doing?
I'm doing great, especially hearing y'all host a space like this tonight.
I swear I get more and more bullish about Yuga and the entire board,
a ecosystem every time y'all do and talk about Dow shit.
And you know, as a person that's been part of a Dow operational council for
over a year, listening to bad teeth and amplify speak tonight,
like they are legit as fuck.
And I can't stress enough in terms of what amplify saying and how much work
is involved in making sure that these proposals, you know,
are going through the, you know, the governance framework and the voting
process and, and just to put like the payment and, and, and whatnot into a
little bit perspective, Jeremiah, like for our council, you know,
we have seven members and they're expected to put in five to 10 hours a month.
And as they're stipend, they get paid 500 USD and a couple of NFTs.
So like when you magnified that type of work on the scale of a Yuga,
I can't even imagine like you can't pay these people enough.
They're protecting your treasury.
They're making sure that this isn't,
doesn't become like a petty cash box that people just come in and grab.
Like you said, Jeremiah, like you're going through these proposals and you're
like, where the fuck is the value?
Like, how are you driving value back to the token?
Like these are the people that are going to make sure that that's what's
actually happening. And you know, the,
the other thing that I can say is like when it comes to electing people on
these types of operational councils, do not pick the fucking influencers.
Like you talk about sweat equity granted like 15 days of involvement in,
you know, a discourse is okay. You know, that's,
that's kind of like a blip on the screen,
but you need to find the people that are not financially motivated to do this
shit and actually have a passion about decentralized governance.
Those are the people that you want and they're,
they're the ones that are going to be hyperactive regardless of what their
compensation is. So super bullish from what I'm hearing tonight.
And I hope y'all the best.
Just take a low blow on you.
Thanks for coming up. Thank you for the comments.
Oh, I didn't mean to cut this bad. I guess you're a little glitched out.
I was just saying thanks to Daito. Like I, I'm,
it's always nice to hear from people that are working in other down
environments because they,
they have a kind of hands on perspective on,
on what we're trying to accomplish here. And it is a huge challenge.
And I can guarantee you the people that I've been doing this work and
working group zero, they're here because they love it. Not,
not because of any amount of pay that they're receiving.
I just see the opportunity that we have with a coin data literally changed
the world. And I want to be a part of that. So,
but I did, I did actually have like a concrete piece of,
of numbers for, for Jeremiah.
If you take the working group proposal and the discourse proposal and what
we're paying the Cayman administrator right now over the next four months,
it averages 144,000 months,
which is less than we were paying the loan Cayman administrator last year,
who was not involving the community in this,
who was not doing any of this stuff. So, you know,
we have done this at a very financially responsible level and we've left the
really the control of the budgets still remain in the Dow's hands.
Every six months you get a chance to update these budgets and make sure that
they make sense. So it's, it's,
we're trying our best to put something forth that allows progress in terms of
operationalizing the Dow. It allows for, you know,
but it also gives us some structure to do some of the shit that we actually
need to do. So just wanted to add that on.
I feel like that would have been a great opener if it was like, Hey,
this is how much it's currently costing.
And it's going to save the Dow money by doing it this way.
Like that would be a strong opener for it's like, okay,
this instantly makes sense versus like, uh, we're adding,
we're adding extra expenses. You know,
that's I think a huge thing that I didn't see in there. So good to know.
Awesome. Thank you. Bad teeth. Thank you. Jaw, fidgetle. Unfortunately,
you have your hand up going to it. What's up.
If you don't want to, okay. I'll, I'll disclose first of all,
I've spoken to the boys a lot and working groups there.
They're all really good dudes. Um,
and they're literally trying to do what you guys hired them to do.
So this is a little interesting to be voting on thing that they think is the
best thing to do that you hired them to do.
And the people that you thought were best to do the thing that you hired
them to do. So it's a little odd. Um, uh,
so that's just one thought process. And the beautiful thing is the moment
times you try to skin this cat, this cat, this cat hasn't been skinned before.
I don't give a shit what you say. There is no proper Dow.
There's no legal Dows. Um, and there's certainly no, you know,
effectively functional Dows. That leads me to my next question,
which is, um, rug radios, a Dow.
We spent the first three to six months right after we minted developing our
governance framework where the council of over 30 people,
including a fucking Keith Grossman from time magazine and the CFO of Mashable
and the COO of, you know, T-Mobile, like we weren't fucking around from the
Oh, I know Keith. He's great at Dows. I'm a dig in. That was a joke. Um,
but I do know Keith was a funny one. You had to explain it. I know.
I'm not funny. I'm just, I just know a shit ton about Dows. Um,
and I'll dig into the rug radio down. Uh, my last question is simply, uh,
this is to amplify, I guess, into bad teeth.
Wouldn't the position that you're talking about,
wouldn't it be best suited to be an attorney?
So you don't have to do non-legal risk assessment and then pass it off to an
So I'll, I'll jump first and I'll let him pick it up from there. Um,
in some places you definitely want attorneys, but in the treasury, you know,
you want someone that's familiar with DeFi potentially in the metaverse
You want someone that's building in the space in the marketing comms group.
You want professionals in those spaces.
So I think what it does is it just gives a place for people that want to
contribute to the Dow, whether in paid roles or just contribute to those
Everyone can participate and take their domain expertise,
bring it into the Dow and add value.
I'm not angling for a job,
but there are attorneys that fill all literally I would,
I would hate to be in your position,
but there are attorneys that have those, that breadth of, of expertise.
The metaverse lawyer is one who's highly qualified for that position.
So I'm just saying, we've, we've spoken with a ton of attorneys. Um,
Fenwick and West and walkers and came in on a regular basis. They were, you
involved in this proposal because it is so important. Um, and when I,
when it comes to like just some oversight to make sure that we're not
putting something up, that doesn't make sense, um, legally. Um, but you know,
I do think we've, we've talked about having in-house attorneys,
like actually, um, there is one on the, the steward group. So, you know,
the, those options and opportunities exist and it's,
it's definitely something to, uh, to take into account as we move forward.
And did you have anything else to add on that?
Uh, yeah, just the, in, um, AIP one actually like access to legal councils,
kind of like a Dow, right? Uh,
every AIP that we have goes through some sort of legal review already.
I think it is sort of more like, uh,
focusing on like operational risk or like platform risk, right?
So like I'm thinking specifically, um,
when a Dow puts up an AIP asking for us to deposit some ape into their
platform, what was the contract audited? Is it safe, et cetera, et cetera?
Um, are they reputable? Is it, you know, well known?
Is there any like, like other options here? Um, but yeah,
the legal part of it, and I will actually, to,
to address your question more directly, I think what's,
what's really beautiful or amazing here about this whole structure is there's
no limit on who can apply to be a steward.
So absolutely the lawyers should come and become a steward of the governance
working group, just as I think the, the, um,
the fund managers should come and become a steward of the treasury working
I don't see any hands and I am getting a couple of DMs and some of that
furs are snoozing in the audience. So we do have a fifth proposal.
I think it's time that we go ahead and we run through it and look the fifth,
the final AIP two 40 community discourse facilitators.
I can throw it back to amplify or bad teeth and we can run through it.
I can do this one too. Okay. Um, Heather, sorry. I didn't include you.
I'm going right to you then. What's going on? No worries. I'm just over here.
Uh, laughing, dying. I love the, uh, I love the discourse here.
No pun intended. Um, so yeah,
P two 40 community discourse facilitator proposal. Um,
bad teeth sort of gave an overview on how, uh, the budget for this combined
with, you know, the working group proposal, um, is,
is still less than the previous, uh, administrator's budget for kind of
fulfilling the same thing. And you know, frankly,
not as well as it's been being done with the community,
having taken it over in the past couple of months.
So at P two 40 would be a community wide, um,
just a regular eight coin token voting and it for, uh,
the community to be able to approve two, uh,
additional discourse facilitators for the team.
It would create a budget there for the discourse operations,
which are currently ongoing to facilitate our governance process to
continue. And it includes the mandate and budget there, um, as well.
So it's separate from the currently approved web slinger budget and mandate.
It's separate from the working group zero budget. Um, but again,
it, like we said in the beginning there, um,
less than than the previous cost and, and sort of, I think, uh,
fidget, you touched on it earlier. This is, this is sort of, you know,
this is a pretty simple one, but, um,
with the addition of, of those two, um,
community approved discourse facilitators. Um, so the operation sided there
in two for, you know, I've got my alarm going on.
So it's almost time to go. It's almost time to go. Um,
so the operation cited there in AIT two 40,
they're not in scope for web slinger who is our current administration and,
um, alternatively, the current discourse moderation team,
who is full can amplify. And I, um, are continue or prepared to continue these
operations. Um, if this proposal was not approved, um,
until a time that a budget is approved by the Dow. So, um,
that's, that's AP two 40.
Okay. Um, is there anything we missed?
Does anyone else from the group want to jump in at anything? Um,
happy to go to hands. If not bad teeth, I see you, you're on media.
I can throw it to you. Thank you. Thank you. Um, yeah,
the, the one thing I want to say about this is one of the, the, um,
just timeline considerations is that it's going to take some time to elect, uh,
community into these roles.
So this is something that between two 39 voting working groups getting set up
getting the community into this role and transitioning this into the governance
we're just putting up a solution to make sure that the discourse,
um, AIP facilitation process continues. That's really all that this does.
Um, so just, just to be clear, these guys are doing the work.
They've done an amazing job at actually reducing the time and draft phase from
And it's because they care about what they're doing and they understand what
they're doing. Um, but even with that,
two of them are stepping back so that we can put two more community members in
this role, um, and continue to bring people into the Dow in a meaningful way.
Incredible. Um, thank you. Hardler. Thank you. Bad teeth. Jeremiah,
you got your hand up and going right to it, baby. What's good.
Yeah. I'm wondering, like, are these the same people from the last one?
It says the authors are the same. So I'm wondering, like,
is this the same people doing another job? Like I kind of,
I'm so visual that I wish there was like a PFP of the character.
And then like, this is how much this ape is going to get.
And this is what this one is going to do. And here's another ape.
And this is what they're good at doing. And here's what they've already done.
And this is how much they're going to get paid. I think I'm, I'm kind of just,
I'm dumb. So I just need like more visuals to understand,
like are these the same people from the last one?
So I'll break it down very easily.
The people that you're reading in those proposals are the working group,
And the AIP one 96 that passed was what, um,
essentially mandated us to put these proposals forth.
So the authors are the same.
The real easy part about who's getting paid and what's going on from these is
that one person that's in this group right now will be part of the governance
working group moving forward for AIP 239.
And one person that's in this group right now will be part of the discourse
facilitation team as the lead since he's been trained and understands the
process to bring in those other two community members.
Are they, are they different from the last one?
Uh, I think, does he mean Cartan, does he mean Cartan?
Cause definitely different than Cartan.
Yeah, definitely different than Cartan. What different than who? The,
the, the last one that we just ran through, like there,
there's people there, uh, that are going to get paid money.
And now there's people in this one that are going to get paid money.
Are they the same people?
Yeah. So amplifies in 239, um, he would be the,
the governance, um, working group steward and lost, um,
would be the discourse facilitation lead.
And those are the only two positions out of all the positions that are carrying
over the other positions are all voted on by the Dow.
Okay. So, so are two of those people basically going to do two kind of full
Two. So yeah, sorry, go ahead.
No, no one's doing multiple jobs for multiple work. It's,
if AIP 239 passes, I would be seated essentially in a position.
lost would be seated in a position and under both of those AIPs,
two other people are being elected. So those two other people,
we don't know who they are.
Gotcha. Yeah. I feel like in the future, just for any of these things,
like seeing some PFPs of the characters and like what they're going to
do would be super helpful for me.
Okay. You know, John, you were making some good comments today. You,
you surprised me since I saw you in that request, Bob. She'll be making some
good comments. I agree with the visuals. Like I'm a visual learner.
I also agree with, with the money breakdown would be very helpful.
especially for some mutinate zoomer broccoli headed zoomer bozos that don't
like to read too much. Not sure who I'm referring to, but Daito,
you got your hand up and going to it. What's going on?
Yeah. I just wanted to add what's great about, uh, you know,
Yuga and an ape coin and,
and what you've seen in terms of the possibilities on how you can drive value
to the token. Like the gold standard has already been set.
Like what happened with Dookie dash and how people had to just sink a
shit ton of ape coin in order to get all those boosters and shit to go through
Like that's the bar that you should be setting every AIP,
proposal up to like, are you like driving value to the token and the community
to that level? And like, it could even be something as simple as like, oh,
I want to make a fucking graphic novel comic book NFT. Well,
are you going to like have people mint the motherfucker using ape?
Like that's a really simple solution that we've noticed from a lot of people.
They like want to do something creative and pump art into the space and whatnot.
Well, okay. Use our fucking token to mint, like prove that you, you know,
believe in what we're building and accept it as payment for whatever the fuck
you're doing, which is pretty neat. So that's, that's a quick and easy route.
And then the last thing that I want to say is, you know, we,
you hear all the time that we're in an attention economy.
That same thing applies to Dows. So, you know, tonight's space was fantastic,
right? Thread. I think you've got over like, you know,
close to 250 listeners. If you did this space next week,
you'd have 200. If you did it the week after that, you'd have 150.
If you did it the week after that, you get the fucking idea.
So I would encourage y'all to use your attention wisely.
Don't put in AIP proposals at an ad hoc basis and make people fucking
have to have like laser focus on discourse and snapshot in order to vote for
this thing. Like do things perhaps like in a batch,
like maybe on a quarterly cycle and use that attention to your advantage.
I love it. I got your love it lost. Yeah.
I was going to say that counts depending on what that love it counts.
And if not, that one does for sure. No, I was just going to say, this is,
these are the challenges that we face as a doubt, right?
Like you want to give access to the AIP process to anyone that has APE coin.
So you get a lot of proposals coming up and then you will,
you need to be able to facilitate that. You need to be able to keep people
engaged. You know, we've been talking about,
there are some ways to kind of aggregate all of the different places where
governance and, and Dow stuff happens into a single place,
which would be really useful. I think like an app that would cover everything.
AIP going down, you can vote in there and you can get alerts when things are
going on, but it's a ton of information.
And this is a challenge that I think anyone in the space faces,
because if you want to do a lot of stuff and you have a large treasury,
you have to figure out how to keep that information flowing out to the people
that are voting. And it is an ongoing challenge.
And something actually that I'm,
I'm excited that the working groups can have a chance to address because other,
if we don't have anyone to address it, more of this will happen.
So that's the point of all of this is to give us some structure to do the things
Absolutely. Thank you, bad teeth. And Daito,
I thought you made some really good comments,
particularly about the attention economy. I mean, that's one of my biggest,
I guess criticisms from the outside looking in is just like, I got no,
absolutely no clue what's happening when it's happening.
It's really hard to get attention on this stuff. And again,
you make a good point with the spaces. It's sort of a double edged sword.
The spaces are super, super important to spread the message and to get people
talking about it. But at the same time, the spaces suck. You're not coming back.
That's how it is. It is what it is. It ain't what it ain't. Fidgetl,
I'm going to go to you and go to Jeremiah. What's going on, Fidgetl?
On a serious note. So I watched thread read earlier. It was really,
really hard. Ape coin or whatever that thing is over there.
How much did you have to pay this bozo to read?
Cause I've never seen him read before.
No, you know how big of an opportunity this is. This is such a big opportunity.
Threat guy couldn't wait to be here for the community, man. Come on.
This is, this is ape stuff. Set at once. I'll say it again, Fidgetl.
I said it once. I'll say it again. Not enough is where I'm at. Jeremiah,
Yeah. Uh, I don't even know how Fidgetl got up here. Um, they,
they would have to pay him not to be up here next time, hopefully. Um,
but yeah, I, I feel like the attention economy thing,
like making this more exciting should be the goal. And like,
I've gone to a bunch of Twitter spaces where I'm like, how,
how are these Twitter spaces like getting this many listeners all the time?
Then I realized like, Oh, they give away shit. Uh,
that's what people like a lot of times. Like if,
if there was always some ape coin being given away when they're talking about
ape coin, people are going to show it. People love free shit.
So I think that should really be implemented into all of this is where like,
you could give away fucking five ape coin.
And there's literally somebody that that is a big deal to them. Five,
eight point where maybe to, to some apes, they're like, whatever,
this is nothing to us, but, uh, five eight point to like a listener in,
some other area of the country or some other area of the world would be really
And then that gives them an incentive to like want to listen to the,
some of this stuff that's extremely boring, but important.
So I think that would be cool. I think overall this one,
I've only been to two before, but I feel like this was a lot more entertaining.
Um, I don't know if it has anything to do with me being here, but, um,
overall seemed, seemed a lot more entertaining.
And I think that should be like moving forward.
The goal of these spaces is to be entertaining,
to get people that actually want to listen.
We literally have the best opportunity to support people that care.
It's we're a grant stop. We give you a coin to build cool shit.
So that's the point of all of this is like the fly wheel that we can create in
excitement is by supporting builders,
creators and the amazing people in the space.
And that's what we're trying to do.
I love it. Thank you. Bad teeth. Thank you.
And I do have to welcome one more M effort to this stage.
We do have Laura rod on stage. So good to see you up here.
Laura, how are you doing? How are you feeling? How are you living?
This is cracking up because you're so energetic. I know my,
I'm going to try one day to host a space like thread guy.
I'm going to open this space and it's going to be calm,
not the Miami ape, not lower rod. It's just going to be like,
I am the new thread guy or the thread girl or something.
And try to have your energy because it's, it's hilarious. I'm,
I'm dying because he's like, we're speaking about something serious.
So time I think of like a serious comment in my brain. I'm like,
you say something else. And I'm like, I just lost my train of thought.
So this is why I was going like this. I'm like up and down, up and down.
But in all seriousness, um,
I think it's really interesting how there are so many proposals and then because
people are so eager to get money, right?
Then you have to sort of like soar through the noise in order to find like
the creatives and that's part of it.
But the reality is that the more that we have these conversations where it feels
like a community where it feels like, Hey,
we get to hang out and laugh it off and ask the real questions and then ask the
thing, maybe the hard questions like Jeremiah and I,
when you were asking like, are we paying the same person twice for this?
Like I wonder how many more people were wondering the same thing.
So it's like, how do we make it that much clearer?
But someone needs to come up and ask the question.
So when you were asking that, I'm like, this is perfect because then it's like,
am I voting twice for the same person to get more money of the same pot?
Because that doesn't make any sense. So now that they clarified that,
then I think it would push the needle like a little more forward.
Also encouraging people to say, Hey, if you can be involved,
like who do you trust in order to make these decisions for you?
And that's where we are then. And I think that little by little,
more people are not only learning about it going by wanting to utilize it.
And yeah, I mean, I do believe that yes,
that was as of right now, we don't have like the most perfect example just yet,
but that's part of the process and that's why we have to be here to build it
regardless of the market condition.
There are so many capable people that are thrilled to be part of this journey.
So yeah, so when I saw this was happening, I'm like,
I need to join and just be part of the conversation and my wheels always get
turning and then I don't do much with it. But at the same time, I'm like,
I'm excited to see what people generally come up with the more that they
realize, Hey, this is a great opportunity,
but it's not just an opportunity to benefit myself,
but to push the space forward with this, you know, I don't know,
opportunities that we have at hand. So yeah,
I hope people get inspired to really think outside of the box.
I'm not just like, Ooh, this is free money. It's like, no,
Like there is a great opportunity for you to get together. I don't know,
really smart people and create the best.
So that's what we want to see moving forward.
Well, we got some really smart people right here, right now,
creating the best. That was really well put. Laura, thank you for coming up.
Great to talk to you as always. And look with that, I'm looking on stage.
Thankfully I don't see a digital hand. Thankfully I don't see a jaw hand.
It looks like we might have, have done it here. So just a little quick recap.
We covered AIP two, no, no, no, no, I thought covered AIP two 14 and moved on
And then we just finished two 39 and two 40 answered every question.
Talk to the relative parties. And I'm going to be honest,
we had some pretty good back and forth, some pretty good discourse.
Fidget, we are going to wrap it up. I can go to your hand.
If you have a serious thing to say before we move on. Fidget, what's good?
So I thought you picked me and I texted you saying, fuck you dude.
But apparently AIP coin does have some character. He or she.