FreeRossDAO – August 12th Community Call Transcript

by | Aug 12, 2022

0:00 – Pre-meeting

3:50 – ReCap of the Week

6:30 – Marketing Updates

8:50 – New Bounties

13:30 – Solidarity Network Proposal

27:00 – “Quarterly Budget Stuff”

32:20 – Aftermeeting Website Information


Host:
Good morning, you guys.

Jeremy:
Tipity-top of the morning. Welcome to another Free Ross Friday. How y’all doing?

Host:
Pretty okay.

Schlomo:
What is up? Happy Free Ross Friday.

Jess:
Sorry. I had to wait for my cat to finish puking. Poor baby. Good morning, everybody.

Schlomo:
Good morning.

Jess:
Just a little bit longer. And we’ll go ahead and get started. I know Mark said he might be kind of late.

Schlomo:
Yeah. Mark’s probably not coming. We don’t need to wait for him, I don’t think.

Jess:
Oh yeah. No. I was just waiting to see if anybody else from the team was going to join the call real quick.

Schlomo:
Awesome.

Jess:
He said he would be significantly late.

Schlomo:
Yeah, yeah. Did we tell the people in the Discord to join us? I’m on my phone so I’m not like looking at… I’m multitasking with my hands.

Jess:
Announcement being made.

Schlomo:
We need to get some music up in here instead of it being all quiet for the beginning, it kind of gets a little stale air. Hello, hello, everybody. Welcome to the end of another week. Another exciting week in our DAO.

Jess:
Yeah, we can go ahead and get started with the recap of the week. We are changing a little bit of the schedule around for our community events. This upcoming week, Book Club will be at 6:00 PM Chicago time instead of 8:00 PM. Hopefully we get some more attendees this week. I know we’ve had a good team of four or five people showing up every week and that’s been absolutely fantastic. We are also changing the early watch party to Monday at 1:00 PM Chicago time to mix it up a little bit. Thursday evening media party will still be at the same time after the letter-writing party, which is every Thursday at 7:00 PM.

Jess:
This week, we watched a documentary called The Rise and Rise of Bitcoin, and it was an old one. Bitcoin was $200 when that one was made and it had some light coverage of what happened with Ross and Silk Road, but covered a lot more of the Mt. Gox stuff. That was pretty interesting. This week in the Discord, discussions centered, heavily on how dehumanizing prisoners is and why tough-on-crime narratives cause harm. A lot of those discussions take place in the Reform Channel, which is one of our most active discussion channels.

Jess:
I did make a new channel this morning to discuss harm reduction in Silk Road, because that is a theme that’s been coming up a lot and something that I don’t think we touch on near enough at the DAO, so I’m excited to see where that conversation takes us. We’re also working on a game night. We have a bot that does poker and a few other things so we’re going to start testing that this week. So if you see us hanging out, definitely stop by and see what we’re working on.

Schlomo:
Gambling in the Discord. Doesn’t get more degenerate than that.

Jess:
So that’s a little round up of stuff that happened this week in the Discord. Up next, we have announcements. I know you said that you’ve got some podcasts that you’re going to be on this week, Schlomo.

Schlomo:
Oh, is that on the announcements? I’m not looking at the deck. I mean, I’m just doing my job, right? Getting DAO out there in various ways. A lot of the ways I’m doing right now, which I’ve talked about before here, is I believe in social impact DAO works and I believe in social impact work in Web 3. And I believe what makes it interesting is how nonprofits have a better economic model to get things done. And also how Web 3 funnels more of a donor’s dollar to the actual streets as opposed to to infrastructure pockets. So there’s a lot of interesting stories about that to me.

Schlomo:
And it’s a good gateway drug, for lack of a better term, to talk about what are specific DAO’s focus is, but going out into the world and talking about social-impact DAOs and why I think this new model of nonprofits are interesting has been a good differentiator. I had a little discussion with Harvard Business Review, which sounds super hoity-toity, and it may be. It is to some circles. I’m from UC Santa Cruz so I don’t care about the Ivy League that much. Their weed is not nearly as good as it was in UC Santa Cruz.

Schlomo:
But it was a good talk and that was the focus of what we talked about. And I’m also on this other newish podcast. They only have maybe a dozen episodes out. I’m on my phone, so I’m not seeing the name of it, but I could send the links over. And that will be taped in a couple weeks, I think about a week and a half. I know some other folks who’ve been on their things and it’s a nice half hour, pre-screened questions, so we could really kind of craft our narrative. And that’s where I’m at with that. That’s this week in media marketing in FreeRoss style.

Jess:
Awesome. Thank you. I’ll have to get those links and stuff from you later. Another announcement that is on the agenda for today is new bounties. This week, I added two bounties to help us promote. One for our Mintpass and another for the Ciapu art that we could potentially benefit from the [inaudible 00:09:55] that was posted earlier this week. Each of those bounties pays out 10,000 FREE to help us post more and more about these pieces of FreeRoss art that collectors could buy. And then they would be freeholders, too.

Schlomo:
That’s awesome. And if you’re in the Discord, you would know, we’ve been talking about it a little, how the price of FREE is going up. It’s a mixture of it being moved into more wallets and it’s a mixture of people holding it, so there’s real interaction happening with FREE. Also, with our FREE, even just internally over the last couple of months, because it’s been raised, we have bigger budgets because the FREE is worth more and these are all great things. Yeah. Just want to make sure I threw that out there.

Jess:
I love watching FREE go up. So that’s announcements. Up next, we have old business. Do we have any updates on the Mintpass, Schlomo?

Schlomo:
No, but I didn’t put this on the deck to talk about today, either. Whoever’s putting my name on these decks to talk publicly, shouldn’t be doing that. But long story short, this thing was launched just before everything fell, or I mean just after everything fell, literally within two weeks. The market’s changed and we need to change this product to reflect what the market is. Long story short, when we redesign the website, which is in the middle of being done right now with Mick, who’s here. If he wants to talk about it, he’s more than welcome to. We will have this whole Mintpass reformatted. It’ll be cheaper. We’re going to take out some of the physical products to help make it cheaper and get it out there. It’s not a degen play where we needed it to sell out at the beginning. It’s a red envelope play, in terms of people donating to the cause.

Schlomo:
When the website is redone and really shows what we’re about, because right now our website only shows what we were two quarters ago, literally before what we did in Miami, which feels like a lifetime ago. All that’s going to be changed. We are a much more fully functioning situation and that’ll be reflected in the new design. If you’re in the base camp, you could see what the PleasrDAO Branding Guide did for us and you could see what the style guide looks like there. Mick is also augmenting it and fleshing it out more to what our needs are about. And with that launch of the new website, we will have rebranded, repriced, different narrative, the whole nine yards of the Mintpass so people could be a part of it.

Schlomo:
Now, just to go ahead with questions, if people even have questions. Like, what happens to the ones that were already bought and they had it for X price for the physical goods? Me and Dr. Bitcoin have had a lot of discussions about it. They’re going to get the full package, which we almost have everything we would have without need to go back to the printing. Well, for them, they will get everything that it says on it. And we will also, because we will be lowering the price, we may give them the differential in that price in FREE. So they could go quickly sell that FREE or they could hold it. So that’s kind of a quick overview of what’s going on with that. But the relaunch is not going to happen until the new website, because it just makes sense. We’re all just going to relaunch everything together. It’ll be a part of a marketing news cycle for us.

Jess:
No, I like that. That sounds cool.

Schlomo:
Awesome.

Jess:
Up next, we have new business. Jeremy, if you’d like to talk about the Solidarity Network Proposal.

Jeremy:
Hey, all. Free Ross Friday, how y’all doing. Thanks for the updates, everybody. In Schlomo, sounds like y’all got a lot going on. I’ll take a few minutes to talk about the Solidarity Network Proposal. If folks don’t know, over the past month, we’ve been putting together this proposal for our Solidarity Network, a project of the Reform Pod Working Group. More or less, it’s mostly around outwards advocacy and activism around criminal justice and prison reform issues.

Jeremy:
The concept is that every two weeks we’ll have a different campaign. Each campaign will relate to one dimension of the prison system, whether just some ideas would be solitary confinement or prison sentences or so forth. And we’ll create a series of action items, which will be reflected as bounties, where folks can earn FREE by participating in various call-in campaigns or petitions or other forms of activism. And then we’d also be sponsoring some organizations that are involved in each of these topics. So updates since then, the proposal is floated by the reform, I’m sorry, the Review Council, [inaudible 00:15:30]. There’s a Google doc that has some more implementation details that’s linked to within the proposal. The proposal [inaudible 00:15:39] that…

Schlomo:
I think we’re losing you, buddy. I don’t know if you’re walking around or something, but you’re coming in and out.

Jeremy:
I apologize. Can everybody hear me?

Schlomo:
Now, you’re there.

Jeremy:
All right. I’ll just speak a little bit louder. So if anybody wants to get involved, it’s the Reform Pod Channel in the Discord. There’s the proposal being floated around. Maybe this week we could get it to the Advisory Council. An update since then is we’ve been working on a sub domain. FREE holders are able to log into a special section. It uses your MetaMask FREE. And this is a section where we could view the current campaigns vote on future action items and so forth. So we’re developing a dashboard for FREE holders on our website that will be part of the Solidarity Network when it’s ready to launch. We’ll get it ready in time for the website relaunch and the rebranding. So hopefully all the streams will flow at the same time.

Schlomo:
That would be awesome. That’s one of the questions that I threw in the core thing that I wanted to understand and make sure that Mick and I are helping you get what you need and put on there. So let me make sure I understand what you’re saying. This’ll be a token-gated section of our website. And in there there’ll be some sort of forum that will allow people to vote on organizations that we will give funds to. Is that the basic?

Jeremy:
Oh yeah. More or less. It will be a token-gated section on our website, which will be the Solidarity Network dashboard. First off, I also want to say that there’s plenty of sections on the site that are not token gated, involving what our current campaign is, and our current action items, as well, as you could look back at our previous campaigns and previous action items. But the token-gated section will be a place where FREE holders can participate in the dashboard, which would be proposed campaigns, comment on campaigns, post follow ups and so forth. The whole idea is kind of using the DAO principle of transparency and decentralization. This will be a way where FREE holders will all be part of the process.

Jeremy:
And the reason why we’re doing it as an ongoing process, instead of just lining up who we want to give money to ahead of time, is because reality is still unfolding. We’re talking about this as being a quarterly project, or wherever, like that. We want to be able to respond to current items in the news or current demands, current actions, as time flows by. A month from now, we might have something happening that this would be like… For example, there’s a lot of stuff happening these days where action items would be very relevant. So it would be an ongoing thing. Every two weeks, I think we’d have some type of voting process involving the dashboard, but if anybody wants to get involved, we’re on the Reform Channel. And if there’s any questions, we can talk about it now, as well.

Schlomo:
That is so awesome. And one thing I want to make sure I bring up, because I think it’s kind of cool, especially since I talk about economics of enabling this sort of thing. When we think about how we’ve been putting out all these proposals and we keep going back to our principle to fund them, this actual one, because of the good work that’s been doing in social and in operations, that we have extra funds that were earmarked for those pods that now we could use to fund this actual proposal. That is super cool. So now we’ve learned how to streamline ourselves, not have to use our full budget. And we’ve learned that within a quarter, and now taking some of those funds and putting it straight to this, to fund this actual proposal, instead of going back to the well, is super cool to me. And I just wanted to bring that up.

Jeremy:
Yeah, no doubt. And I think a consequence of this proposal will be engaged in more outwards activism and advocacy surrounding prison issues. And I believe this will help connections with other organizations that are in this type of work. We could participate in campaigns. We could sign letters. We could start calling Congress people. I just think there’s a lot of ideas for this project that could help us become stronger and just participate more in movement-related activities.

Schlomo:
I agree. What makes us stronger is just having co-conspirators in other organizations, and not feeling so alone and siloed in trying to do work within this field. I love it. So exciting.

Jeremy:
One more thing about it. I just want to say, the world’s a scary place right now, but I want to say the future is not written. Things happen because people make it happen, and so the future will be determined by how hard we flight.

Schlomo:
100% agree. Love it.

Jess:
Awesome. I’m so excited for this proposal. Get everything set up. All right. Well that is everything on the agenda. If anybody wants to request the mic and ask questions, the floor is open.

Schlomo:
Now, that this proposal is starting to get through, I wanted to bring up, we are at the stage this proposal needs to move to the Advisory Council, right? And that sounds like a Nana thing. He bridges there. I know this is all still new. I’m not sure what triggers the end of one council to move to another and who makes that happen? I’m just saying the quiet out loud as we learn how to do infrastructure within this particular DAO. I’m not sure how that actually gets handed off and I’m just bringing it up out to the main group.

Schlomo:
Also, it would be nice, and I want to make sure that we have, Jeremy, if you need, we have Jinxy to help project-manage your situation and to help kind of alleviate some of those pain points, if there are any in terms of organization and such. We should get your situation as a base camp and get you in there and just start kind of scoping what you need from your pages. Because I assume this is all going to go through because it’s something we all want and we might as well just kind of start scoping what you need done and get that whole actioned up, okay?

Jeremy:
Excellent. And, and for those who want to be involved in this type of thing, I would think that we should probably have the first months of campaigns and action items kind of set up ahead of time. So that way, every time we switch over new campaigns… All this to say is, I want, by the time the proposal is passed, we have the first few lined up.

Schlomo:
I love it. I know you’re doing a voting mechanism, but it’s okay to start with one or two, sent from you and those couple of people who are building the actual proposal, to say, “We’re going to start with this while we build these voting mechanisms.” So you just start off the gate, doing good work with organizations that you already know would benefit from our help. There’s a reason why you are leading, you are the lead on this actual project. Your thoughts on that are valued and you don’t have to wait for a voting mechanism for us to get started on a couple of really good organizations that you believe in.

Jeremy:
For sure. We’ll try to have something lined up by the time the proposal goes to snapshot so folks have a more concrete idea of the type of work that we’ll be doing. But I definitely am thinking that this would be more of an organic from the bottom up type of process. It’s not so much, we’ve selected these groups and we’re given one of these groups, it’s more of like we have this budget, we are all FREE holders, we all want to find the best way of focusing our energy and resources so let’s do this in a decentralized democratic way, so I think we could do this by developing this FREE holder… We’re exploring new methods of self-governance. And so this is just one-

Schlomo:
Love it.

Jeremy:
… that this DAO was trying to explore the use of these tools to accomplish that.

Schlomo:
Love it. I just wanted to make sure, and it’s only from the lens of how my head works. I’m not saying anything positive or negative. It’s just how my head works. Sometimes, to just kind of start a thing and get people involved is not necessarily like, “Hey community, figure it out.” Sometimes, there’s a reason why there are leaders and you’re not saying no to your community. You’re just jump-starting concepts. And it’s okay to start with the first one as something while we’re building these situations. That could happen in tandem. That’s all I’m saying. But however you want to do it is a-okay.

Jeremy:
Hey, I’m the type of person who set it off now. Don’t get me started now.

Schlomo:
Right. But that’s all I’m saying. There’s a reason why you’re leading this thing. There’s a reason why you personally are leading this exact thing. And I want to enable that to happen. In terms of we trust you and it’s okay if we say we’re going to start with this one, and the second one we’re voting on. Just to get things moving. Sometimes, waiting too long for infrastructure to happen means we wait too long for infrastructure. Let’s just be nimble. Be nimble, be quick and let’s go help some people.

Jeremy:
Or like the protestors in Hong Kong were to say, “Be like water.”

Schlomo:
Be like water. Be like water, indeed.

Jess:
Looks like Rizzn finally joined us.

Rizzn:
Yes I did, finally. Who’s running the show today?

Jess:
We are actually about done. We are at the open floor portion. So anything you want to talk about?

Rizzn:
We had a good call with the folks from Unlocked this week, Jeremy and I. Don’t know if that was mentioned yet, but that got us much further down the road on getting token-gated, enabled functionality on our various properties.

Jess:
Oh, cool.

Rizzn:
Let’s see. What else? There’s been a lot of internal education stuff that we’ve been working on, I guess, within core team, just kind of cross training on various skills and responsibilities. So there’s a little bit more of redundancy internally, I think. Not exactly a super sexy topic, but it’s also kind of required to make sure things trains keep running on time and whatnot.

Schlomo:
Infrastructure is sexy.

Jeremy:
A lot of us love endless meetings, by the way, just saying.

Rizzn:
Okay, well then by all means let’s glorify what we just said.

Jeremy:
I’m not even being ironic, man. Anarchists love work.

Jess:
Speaking of trains running on time, the quarterly budget stuff was on the agenda last week and it is again this week, but you weren’t here to talk about it. Would you mind running us through it?

Rizzn:
Sure. Let me see. I just happened to have it pulled up on a tab because we’re going to have kind of a mini core meeting maybe later today, where we are doing some cross training on accounting, but this was our first quarter running most of our operations through FREE ops DAO. And we had set a quarterly budget of $137,000 to fund the operations per quarter. And that comes to a monthly budget of $45,000. Our actual costs were $66,000, which is great because it means we got to return roughly $63,000 back to FreeRossDAO, basically coming in under budget and basically incentivizing frugality. That whole clause in our budget stuff actually really worked.

Rizzn:
And that includes us giving out several thousand dollars worth of bounties, a thing that we’re going to try to double down on this quarter, paying for the majority of our software and tools up through the year and of course paying for the personnel budget. All that stuff came in well in under budget. So great news to hear from your operations team during a bear market. I would imagine. So I’m proud of that. I’m proud of our performance there.

Rizzn:
Another interesting quirk of doing things this way is the fact that when we bought FREE back from the open market to pay for bounties, because of the rise in FREE, we actually ended up with a dollar amount higher than what our budget for FREE was. So we’ve got leftover FREE, in the FREE ops DAO coffers, and we returned most of that back to FreeRossDAO, so that they can use that for paying out to the multi-signers and people on the Review Community and whatnot. So it wound up being a good trade off there and saved a little bit of more operational funds. So everything worked out great this quarter, despite it being a bear market. We came in well under budget, turned right around half of our budget back to the DAO and applied that towards future expenses.

Jess:
Awesome. We love frugal pods.

Rizzn:
We can publish this spreadsheet, I suppose, maybe on a blog post this week, so everyone else can kind of examine the numbers if they want.

Jess:
That sounds like a good idea.

Schlomo:
Sounds like a great idea.

Rizzn:
Cool.

Schlomo:
Would we take any of this stuff and tie this into the Dune dashboard? Is that something?

Rizzn:
I mean, we could. It’s a complex spreadsheet with formulas and whatnot. We used this to calculate how much we were returning to FreeRossDAO. I don’t have it tuned to any external data sources, but that’s not to say that it can’t be done.

Schlomo:
Yeah. I’m only bringing it up because I’m trying to figure out this website thing. And I should have a meeting with David and probably you about it, because I look at the Dune dashboard that we’re building and I get a little confused even what I’m looking at. Maybe that’s just me. Okay. That’s just my thoughts.

Rizzn:
Yeah. I mean, this is very much tuned towards like an operations P&L type situation. It looks like a P&L spreadsheet, even though that doesn’t quite fit that formula. So it’s useful for that, but I don’t know if it’s… It’d be easier to tie it into data from Utopia’s API, the payroll management tool that we use, than it would be from direct blockchain transactions.

Schlomo:
Okay. So maybe just a blog post is fine.

Rizzn:
Yeah, for now. I mean, it’s not to say we can’t evolve it or something later.

Schlomo:
Sure. But awesome.

Rizzn:
Cool.

Schlomo:
Good job, everybody. Be frugal. Be frugal FreeRoss.

Jess:
Well, if that’s all everybody has to talk about today, then we will see you next week. Make sure you check out-

Rizzn:
That’s all I got.

Schlomo:
Free Ross Friday.

Jess:
… the Discord events.

Schlomo:
Thank you everybody.

Rizzn:
Pipe, pipe, pipe.

Schlomo:
Pipe, pipe, pipe.

Rizzn:
FreeRoss Friday.

Jess:
Free Ross.

Mick:
Hey everybody. I know we were talking about the website stuff earlier. Schlomo was bringing up some of the basics of it. I just wanted to let everybody know where we stand on that. So we’ve worked up a basic wire frame for information placement and stuff on the front page and on and the basics for the internal pages. And then I’m going to be spinning up a hidden sub domain on my own hosting so that we don’t have to worry about anybody bouncing into it to check anything out while I work on the redesign. But that’ll be posted up to the Discord and stuff whenever it’s ready for us to start showing some stuff off. But that should be done within the next two weeks. It should have a good chunk of stuff to show. And then we’ll be going with the final tweaks to get it ready to roll out. So hopefully everything will be smooth, but that’s about where we stand right now.

Jess:
Awesome. Would you happen to know if it is you who is making the downloadable asset kit for social to use, to match the website branding?

Mick:
We haven’t discussed any of that yet. I’m assuming that the chunk of that, either it’s going to be done by the guys that are working on the branding, or it will be something that, once they finish that up, then they’ll hand it back over to me and I’ll be working that up, but there’s been no requests on who’s doing that, no direction as of right now.

Jess:
Oh, okay.

Mick:
But yeah, that’s it.

Jess:
Thank you. Well, I think that is actually everything for today.

Host:
We’re actually done now?

Jess:
Actually done now. Next week at the DAO, we will be doing a watch party on Monday at 1:00 PM. Book Club at 6:00 PM. And then on Thursday, like always, we have the letter writing at 7:00 PM, and then after that, another watch party and then, like always, we’ll be here Friday for the Community Call at 12:00 Chicago time. See you all next week, and free Ross.

by | Aug 12, 2022 | community call, media | 0 comments

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