Dear Black Flag Nation 🏴,
The end of the year is upon us, and with the market riding the bull, we’re hopeful our community will close out the year on a high note too. With our new purpose and identity fully reflected across our socials, the Transition Council is working hard to finalize our membership structure, and we expect they address tokenomics soon. Also, work on our website is progressing, and we’ll share more updates as soon as they’re ready.
This week’s editorial addresses the foundations of a DAO based on the discussions in this week’s community call. It’s an important conversation as we continue to shape the future of our community.
In the meantime, two important proposals are live on Snapshot: The first is an updated tlBank Snapshot proposal to fund the Weekly Rollup newsletter through the end of the year. Voting ends December 13, 2024. The second is a proposal from the Black Flag Collective to fund IRL events, with Farcaster Fridays Toronto being the only event in the proposal for now. Vote as soon as possible, as this proposal's voting period ends on December 10, 2024. Also, the monthly retro reimbursement transaction for Software-as-a-Service (SaaS) payment is up, with the multisig expected to sign off early next week.
As we begin to wrap up the year, we’re excited about how far we have come. Stay involved, stay aligned, and let’s keep flying the black flag.
Contributors: Lucent, Tonytad, Angelspeaks, Boluwatife, Kornekt, WinVerse
This is an official newsletter of Black Flag DAO. Please subscribe and share to help us grow our audience as we fulfill our mission to build user-friendly crypto onramps.
🏃♀️ Catch up: Listen to this week's Community Call recording.
Snapshot Votes
The Fundamental Foundations of a DAO
Author: Lucent
There was little work in the community last week as some members were away to celebrate Thanksgiving. The Transition Council, however, did not put its job of figuring out the best membership structure on hold, making the basis for this week’s community call discussion. The discussion centered on DAO structure and the fundamental building blocks of a DAO. The common school of thought supports the notion that people are the most important foundation of a DAO. However, while that might be true, action is another important block, if not the most important, in a DAO structure.
The goal of every community is to progress, but that will happen only when there is an action to get them moving. In physics, Newton's First Law of Motion, also known as the Law of Inertia, states: "An object will remain at rest or in uniform motion in a straight line unless acted upon by an external force." If we relate this law to the DAO context, our community is the object, and what propels us or brings us to a halt are actions. Therefore, we need actions to propel us forward and prevent us from stopping.
One Action Births Another Action
Did someone ever invite you to a party at a location you weren’t familiar with? What did you do? Did you stay home to find out the venue? No. You stepped out, got into the car, and found your way there, right? Stepping out of the house and getting into the vehicle are little actions that makes you arrive at the venue. In the same vein, the appointment of the Transition Council to oversee the reorganization was an action that led to several other actions, like the cleanup of the server and the adoption of a new purpose and identity. From one action, other actions were born to give us a new direction. This proves that an action is not a one-time thing, but something that starts a chain reaction. The action we begin with dictates how the community will be in the long run.
People Take Actions
We have seen that actions are born from an initial reaction, and when followed through, bring direction and growth. However, actions don’t take themselves that’s why we need a guiding principle, a “weight point” that anchors us to our purpose. For us, this weight point is vibing and thriving while exploring decentralized systems. This means that before taking any action or adopting any initiative, we should feel connected to our purpose through it. That connection is a sign that the action will create the right conditions for more actions to follow, and not leave us stuck when challenges arise.
The Fundamental Blocks of a DAO
Therefore, the foundations of a DAO are people and their corresponding actions. None of them should exist in isolation. Actions are the DAO just as much as people are the DAO. A group hanging out without direction from their actions is just a group. To truly function as a DAO, we need a structure that empowers everyone to take intentional, impactful actions. This moves us from being just a Decentralized Autonomous Organization to a Direction-Aligned Organization, where every action comes from people with purposeful intentions, birthing other actions. We must remember this as the Transition Council continues their great work of restructuring our community.
⛴️ Black Flag Content
🧠 Crypto Sapiens
Thanks, Bold!
