Let's make a DAO

Why? For educational purposes. We will learn about this wonderful new way of governing communities. We will learn about crypto. At worst, it'll be a tedious experience. At best we will be pioneering a new collaboration. I'll be documenting, taking notes, and sharing them.

At first, it would only be a novelty. One more shitcoin in your wallet. It would be net-zero for you. Cannot be negative though. Only upside from here.

What's a DAO? (from my first post:)

There was the tribe, the city, the kingdom, the nation-state, the corporation. Now there are DAOs. Distributed Autonomous Organizations. [...] the next iteration of humans working together, leveraging properties of the blockchain (immutability, transparency, built-in currency…).

If we were to issue a token and distribute it to all readers of the newsletter who provide a wallet address:

How many should be issued?
How should we call the token?
How should we distribute the token (who gets how much)? Obviously, people who participate in the creation of the DAO should receive more than those who don't help. For example, replying to this email is helping. Just hit reply. Or join us on https://discord.gg/WkvUYGrM

What is the vision for the token? We will define it later. Trust me.

We should issue with an automated market-making feature like Anchor so that the token floats at creation and you can exchange it for whatever anyone wants to pay for it. Including zero.

This is going to be amazing. Looking forward to all your replies :)

I tried to buy diffuse.sol

The diffuse.sol domain name was up for grabs on https://naming.bonfida.org/#/. So, instead of subscribing to https://diffuse.club (which used to be diffuse.ghost.org but no more), you could have subscribed to diffuse.sol. It didn't work out: I put in a bid for $20.1 and I had to wait for 7 days or something like that. I checked the status of my bid 9 hours before the end of the auction and no one had outbid me. I was the only bidder. The next day, when I checked again, the bid had been won by someone who took it at $25.

Am I paranoid for thinking that someone wrote a script that looks at whatever auctions on Solana domain names and places a +25% or +$5 bid in the last few hours just to see if they can bring the price up? Their business model? I don't know. Squatting?

soldomainsale@gmail.com. Yep. Squatting, alright :(