Dear Bankless Nation 🏴,
The Transition Council is inviting logo submissions to capture the spirit of our community. Members can submit designs in JPEG or PNG format to the designated channel until 22:00 UTC on Thursday, November 14. If you've shared a design before, please resubmit it for consideration. Selected designs may be fine-tuned in collaboration with the designer, and while retroactive rewards are a possibility for the chosen logo, this is still under discussion. Designers should also be ready to provide files in various formats, including high-resolution, web-friendly, and scalable vector versions. For more detailed information, visit the announcement channel.
Per bDIP-02, we are aligning all meeting schedules in Coordinated Universal Time (UTC) irrespective of the set back by one hour in many regions. All weekly meetings will follow UTC for clarity and consistency, and this started with yesterday’s community call. The Community Call happened on Friday at 16:00 UTC, with the Transition Council working meeting happening at 19:00 UTC. Governance discussions continue on Mondays at 19:00 UTC.
In other updates, join us for a special governance meeting on Monday, November 11, with guest speaker David Ehrlichman, co-founder of HATS protocol. David will guide our community and the Transition Council in exploring how we can better understand membership roles within Black Flag DAO. This is a unique opportunity to learn about HATS, a system built to organize role management in decentralized organizations. The meeting will be recorded and is open to all community members. Join us on Zoom at 19:00 UTC. Don’t miss this opportunity to engage with innovative governance solutions and support Black Flag DAO.
As our community continues to grow, we expect more updates. So stay tuned, stay involved, and let’s plant the black flag together.
Contributors: Lucent, Tonytad, Angelspeaks, Boluwatife, Kornekt, WinVerse
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🏃♀️ Catch up: Listen to this week's Community Call recording.
Proposals in Discussion
Balancing Community Growth with Procedure
Author: Lucent
As we move through this transition in the community, we’ve seen many proposals, including the multisig election and the Transition Council authority. The latest talking point from the community call was the snapshot proposal to use treasury yield to fund IRL events. This idea attracted mixed reactions, with views divided almost evenly between support and opposition.
The proposal aims to create two “no-loss” savings pools by depositing assets (USDC and WETH) into a yield source (in this case, Aave). The yield generated would fund in-person events for the community, bringing in around $250 per month from the initial $100,000 deposit from the treasury. Some members believe the proposal was rushed to a snapshot vote without adequate forum discussion, while others claim it lacks crucial details. The project champion, a respected community member, argued that too much focus on procedural formalities can stifle the post’s intent: to support the community’s growth. The following highlights the discussion from the call.
Emotion vs Procedure
We’ve often seen people support initiatives based on their trust in the person behind them, especially when that person has a sound record, integrity, and expertise. However, relying mainly on personal trust can create biases and sometimes prevent critical examination of the proposal’s content. The procedure to ratify that proposal provides an objective framework that ensures transparency and fairness, allowing everyone to assess proposals based on set criteria rather than personal relationships. However, when the procedure becomes too strict or bureaucratic, it risks slowing down flexibility and responsiveness. This is why we need to find a balance between these, so we’re not letting procedure bog us down but are still using it to make sound, fair decisions for the best outcomes as a community.
Procedure vs Process
As we rebuild and rebrand, some processes guide this change. The first step was to create a Transition Council to manage the transition. We’ve reorganized our Discord server, adopted a new name, and established the Transition Council as an official authority. We followed certain procedures during each step to ensure the right decisions were made with everyone’s best interests in mind. Therefore, we ought to objectively evaluate new initiatives to ensure they align with the community's direction and values. Following procedures doesn’t mean losing sight of the broader process; instead, both work together to create a fair, inclusive, and successful path forward.
Outcomes
Our outcomes should reflect a balanced assessment that respects both process and procedure. Every proposal or initiative needs to meet baseline requirements, but sometimes, balancing both sides and not becoming a bureaucratic organization means allowing the process to adapt when unique factors arise, ensuring flexibility without sacrificing fairness. We’re a community built on shared values and respect for each other, with a deep value for every member’s opinions, thoughts, and initiatives. However, we also don’t want to become a community that ignores procedures or disrupts the process just because of sentiment. As one member pointed out during the call, we cannot make decisions now and ask questions later. Any initiative we take must align and gain the support of the majority before we move forward.
You are at the core of this community. We may not always agree, but growth comes when we learn to debate respectfully, recognizing that disagreements can strengthen us, as Thomas Jefferson said, “Every difference of opinion is not a difference of principle.” No matter your view, we respect your voice. Keep engaging, making your thoughts known, and helping us fly the black flag high.
As next steps to DAO building, we will be having a deeper dive into membership structures with David, co-founder at Hats Protocol giving a demo on Zoom. You can join the conversation on Monday at 19:00 UTC.
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