Flipside Crypto - Everyone's watching
Today’s issue was written by Flipside’s GM of DAOs, Daphne Kwon. For more Web3 insights directly from the Flipside executives, subscribe to Bears are for Building. What if everyone in the world could see everything you did at work? One of my mom’s favorite sayings is, "Sunlight is the best disinfectant!" Wow, this post got personal fast. We haven’t even been introduced yet — I’m Daphne Kwon, and I’m the GM of DAOs at Flipside. Great to meet you. I’ve served in several executive roles helping to build multiple organizations from strategic, financial, and operational angles. At Flipside, my team and I are doing that same work, but without the net of a safe, tried and true corporate structure. We’re taking the job of spinning up sustainable, productive, valuable communities to be able to control their own destinies. Decentralizing them, giving them Autonomy, Organizing them. “We’re helping to write the playbook on DAOs,” I was told on my first day. Easier said than done. Which brings us back to the question - would you choose to have everyone see everything you do at work? Having someone breathing down your neck every minute at work would be terrible. Thankfully, DAOs don’t go quite that far. In decentralized organizations, the standard of “building in public” is critical. In order to have a community take responsibility for everyone, transparency is not just an important word you stick in a mission statement. It’s the bedrock foundation of the structure - newly enabled by blockchain. DAOs apply an “open-source” mentality applied to organizations, not just software. Important output, discussion, and planning should be recorded publicly. My old boss once said to me, "Don't do anything you wouldn't want to see in a headline in the New York Times." Generally, I think the takeaway is, having eyes on your actions creates a stronger outcome. In DAOs, "Building in Public" is our sunlight. You don’t need to share your every waking thought, but whenever relevant to the DAO, you put your work, conversations, development, and discussions out in public. Tech, product, biz dev, HR, finance. Nothing is sacred. It means that you invite new thoughts, let your own be tested, and develop together. As a colleague put it, "It means as a business, you've made yourself vulnerable." And yet, I’m convinced the degree to which they “build in public” is correlated to the strength of a DAO. It creates a more informed and engaged user, and builds trust. One of the easiest ways to investigate a DAO is to join their discord server where all these conversations happen. (Sometimes getting in there feels a little...overcomplicated...but hey, remember dial-up?) As an example of building in public, we recently made available our bylaws (a normally internal document) for voting by the DAO as part of our incorporation process. But rather than explain it all in my first post, I wanted to invite you to come check out the MetricsDAO Discord and get a taste of DAO building from the inside. In my next posts, we’ll dive deeper into MetricsDAO and explore the challenges and opportunities of DAO building, but for now, let the sunshine in. _
|
Older messages
Why I left TradFi for Crypto
Friday, December 23, 2022
(We)b3 Can Do Better
Special Edition: Crypto for the real world
Friday, December 9, 2022
A TradFi migrant's guide
🌲 Comparing top bridging protocols
Friday, December 2, 2022
Proof of Data #3
Proof of Data #2
Friday, November 25, 2022
Your weekly email highlighting the the most interesting data from web3
Proof of Data
Friday, November 18, 2022
Your weekly email highlighting the the most interesting data from web3
You Might Also Like
Texas doubles down on crypto with new $250 million Bitcoin reserve bill
Tuesday, March 11, 2025
Texas' second crypto bill seeks to enhance state and local government participation in digital asset investments. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
How-ey Can Get Out of Here
Tuesday, March 11, 2025
How On-Chain Data Can Clarify the Regulation of Cryptoassets ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
February CEX Data Report: Significant Decline in Trading Volume Across Major CEXs - Spot Down 21%, Derivatives Dow…
Tuesday, March 11, 2025
In February 2025, the spot trading volume of major CEXs decreased by 21% compared to January. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
El Salvador defies IMF, continues Bitcoin purchases amid market downtrend
Monday, March 10, 2025
El Salvador's Bitcoin holdings grow to $504 million, challenging IMF directives amid sharp price declines. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🖊️ Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO …
Monday, March 10, 2025
Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO for a Cronos Strategic Reserve; Texas's Senate passed bitcoin reserve bill SB-21 ͏ ͏ ͏
Vitalik TAKO AMA: ETH Positioning, Sequencer Centralization, L1 vs L2, Governance, and Success Metrics
Monday, March 10, 2025
On the evening of February 19th at 12 PM UTC and lasting until 12 PM UTC on February 20th, Vitalik Buterin, the founder of Ethereum, was invited to participate in a flash text interview on Tako (a
Donald Trump Creates U.S. Bitcoin Reserve
Monday, March 10, 2025
March 10th, 2025 Sign Up Your Weekly Update On All Things Crypto TL;DR Donald Trump Creates US Bitcoin Reserve Diddy Shows 'Kindness' To Sam Bankman-Fried Robinhood Conducts $1M Crypto Trivia
Bitcoin’s realized volatility surges in as traders face extreme price swings
Sunday, March 9, 2025
Volatility clustering in Bitcoin reveals the impact of turbulent rallies and sharp pullbacks. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Asia's weekly TOP10 crypto news (Mar 3 to Mar 9)
Sunday, March 9, 2025
Ms. Sun Xueling, Minister of State, Ministry of Home Affairs of Singapore, said that cryptocurrency fraud cases accounted for a quarter of the total loss amount involved in fraud last year. ͏ ͏ ͏ ͏ ͏ ͏
Trump declares end to ‘war on crypto,’ vows to propel America to Bitcoin supremacy
Saturday, March 8, 2025
Trump brands the Biden era as a crypto setback, .President Trump vows to make America the Bitcoin leader, ending Operation Chokepoint 2.0 and bolstering crypto strategies. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏