GM Farcaster

Your GM Farcaster weekly recap is here! Last week, we took a break on Friday for the Thanksgiving holiday so only two shows below. Register on our 

 site for email schedule updates and reminders. We are back Monday for our regular schedule this week!

AND before the recap we need to thank Purple for the win this week in the 

! We greatly appreciate the support! Plus this week we saw another NFT mint with warps, new channel tags and of course all the Openai and Binance news. See all the links we chatted about and a bunch we didn't get to below.

GM Farcaster episode 27, November 20, 2023

Show Notes and Links – some of the stuff we talked about:

Had to start with Openai news of course: 

https://warpcast.com/dylsteck.eth/0x47258cc0

https://warpcast.com/meganmichelle/0x5454f453

https://warpcast.com/ashrafstakala/0xf1a2f72d

https://warpcast.com/nonlinear.eth/0xd8ffb29d

https://warpcast.com/vitalik.eth/0xc04c980b

Outcasters with guest curator @chriscocreated: 

https://warpcast.com/ghostlinkz.eth/0x5a306de9

https://outcasters.xyz/snapshot-019?modal=subscribe

https://www.kaloh.xyz/p/blockchain-art-ft-jennifer-and-kevin-mccoy?utm_medium=ios#details

https://warpcast.com/ekinci.eth/0x5b7cbcb5

https://warpcast.com/nonlinear.eth/0xc35507bf

And some other casts we didn’t get a chance to chat about:

https://warpcast.com/andreitr.eth/0x5669555d

https://warpcast.com/drewcoffman.eth/0xc75cda36

https://warpcast.com/ccarella.eth/0x347035e3

GM Farcaster episode 28, November 22, 2023

https://warpcast.com/ccarella.eth/0xd4c80de5

https://warpcast.com/nounishprof/0x92c65d0c

Purple & Metacartel Gitcoin Grants round: 

Yeah there’s big news with Openai and CZ but have you minted with warps? 

https://warpcast.com/nonlinear.eth/0xf7b5481a

https://warpcast.com/jessepollak.eth/0xe467ff9d

Don’t have warps? Now you can buy them! 

https://warpcast.com/kugusha.eth/0x9ca638e4

Be careful – scammers are hitting the dm’s: 

https://warpcast.com/tokenart.eth/0xd117daa9

https://warpcast.com/vrypan.eth/0x3a41ba05

KBC’s next iterations of Tribes on Farcaster: 

https://warpcast.com/dylsteck.eth/0xd851b9e8

https://warpcast.com/mattgarcia.eth/0x87d94aff

https://warpcast.com/vitalik.eth/0x577c86c8

https://warpcast.com/chaskin.eth/0xc6bb1726

https://someofthethings.substack.com/p/some-of-the-things-22

https://paragraph.xyz/@adrienne/farcaster-fall-an-ode-to-the-season-that-outshines-them-all

And Adrienne’s Podcast – Four Old College Friends: 

https://podcasts.apple.com/us/podcast/four-old-college-friends/id1700592867?i=1000631680007

https://paragraph.xyz/@nounishprof/purple

https://prop.house/purple/retroactive-funding-round-4/8569

https://paragraph.xyz/@adrienne/gm-farcaster-faq

GM Farcaster weekly recap for November 13 - 17 comes with a new FAQ from Adrienne to answer all your GM Farcaster questions! All three episodes with show notes.

GM Farcaster: a fennec foxy week

AND GM Farcaster is now available everywhere you get your podcasts including 

GM Farcaster weekly recap Nov 20-24, 2023

GM Farcaster: Pac-Man eats warps

lxtz7890

DAOs otherwise known as Decentralized Autonomous Organizations are digital organizations governed by smart contracts, rather than centralized authorities. DAOs use code to automate decision-making processes, financial transactions and resource allocation. They promise to enable trustless, transparent, and democratic decision-making, transforming the way organizations are run. However, as DAOs gain traction, they are confronted with a myriad of governance challenges that stem from the inherent complexity of their operations. In this article, we will explore the key challenges DAOs face and how embracing this complexity is essential for their success.

One of the most significant challenges in DAO governance is the security of smart contracts. Smart contracts are the backbone of DAOs and they govern how DAOs function. Vulnerabilities in these smart contracts can lead to catastrophic consequences. One of the most infamous examples is “The DAO” exploit in 2016. By exploiting a loophole in the smart contract’s code, an attacker drained over 3.6 million Ether from The DAO, causing a contentious hard fork in the Ethereum network.

Decentralized governance is necessary, but coin voting governance in its current form has many acknowledged and unacknowledged dangers. Augmenting or moving beyond coin voting is a key part of the solution:

https://t.co/pZQ4sLAbEy

Token-based voting is a common governance mechanism in DAOs. However, this approach presents several challenges. One problem is that this can lead to plutocracy, where those with more tokens have more voting power, potentially undermining the democratic ideals of DAOs. 

🚨 @a16z just used its full voting weight to squash a $UNI proposal to launch Uniswap protocol on BNB chain using @wormholecrypto bridge. 

a16z is a large investor in Wormhole competitor, @LayerZero_Labs.

Open your eyes. 👀

Anti-competition cartels in DeFi are REAL. https://t.co/4b14LqWLRH

a16z, a big investor in LayerZero Labs, used its voting power to stop a DAO proposal that wanted to bring Uniswap to Binance's blockchain via the Wormhole bridge. This event highlights concerns about anti-competitive behavior in the DeFi world, where some groups may work together to limit fair competition. 

Ensuring private voting in any system, including DAOs, involves implementing cryptographic techniques to protect the anonymity of voters. One common approach is to use 

zero-knowledge proofs), which allow for the verification of votes without revealing individual choices. Additionally, decentralized identity solutions can help verify the eligibility of voters while keeping their identities private. It's essential to strike a balance between privacy and transparency, as overly private systems can raise concerns about fraud or manipulation. Effective implementation of these technologies can enable secure and private voting processes in DAOs and other contexts.

Embracing Complexity: Solutions and Innovations

Despite these challenges, DAOs continue to evolve, and many are actively working on solutions to address governance complexities.

DAO governance challenges are undeniably complex, but they are not insurmountable. Embracing this complexity is essential for the continued growth and success of DAOs. Through innovative solutions, improved security measures, and a commitment to decentralized principles, DAOs are poised to overcome these challenges and reshape the future of organizational governance. As they do, they will undoubtedly pave the way for a more democratic, transparent, and equitable world of decision-making and resource allocation.

We, from Blockchain at NTU, thank you for being part of this enlightening journey and extend a warm welcome to the enthralling universe of blockchain!

NOTE: Articles written by Blockchain at NTU ARE NOT FINANCIAL ADVICE! 

Researcher of Blockchain at NTU Club AY23/24

Decentralized Autonomous Organizations (DAOs) are pioneering decentralized governance, but they encounter intricate challenges. In this discussion on "DAO Governance Challenges: Embracing Complexity," we explore key issues that DAOs must navigate, highlighting the importance of addressing these complexities for their evolution and success.

Block Bytes #2: DAO Governance Challenges: Embracing the Complexity

 from Adrienne to answer all your GM Farcaster questions! Plus some amazing convos. See all three episodes below along with the show notes with the links to the casts we chatted about and a few others we didn't get to. 

We'll be back Monday and Wednesday this week and taking a break on Friday for the Thanksgiving holiday. Register on our 

 site for email schedule updates and reminders.

GM Farcaster episode 24 November 14, 2023

Minting with warps natively on Warpcast! 

https://warpcast.com/nounishprof/0x47d4013f

https://warpcast.com/kmacb.eth/0xf8c40e1e

https://warpcast.com/ghostlinkz.eth/0x4c8dab2c

https://warpcast.com/nonlinear.eth/0xb0fb1aa9

GM Farcaster episode 25, November 15, 2023

https://warpcast.com/supercast/0x64f519eb

Onionnnnnnn essay: Farcaster social graph 

Exciting news! GM Farcaster now everywhere you listen to podcasts: 

GM Farcaster episode 26, November 17, 2023

The Fennec Fox is here and you can mint it with warps! 

https://warpcast.com/nounishprof/0xbd6105df

https://warpcast.com/philcockfield.eth/0xf7f41369

https://warpcast.com/arjantupan/0xedb1ed7f

https://warpcast.com/pierrepauze/0x875af3e5

https://warpcast.com/farcasteradmin.eth/0xc7212c72

https://warpcast.com/chriscocreated.eth/0xbd6af94e

Hyperpunk (aka Adrienne’s background): 

https://warpcast.com/bountybot/0x96d87833

https://warpcast.com/grunt.eth/0xed8ee6b9

GM Farcaster! We moved our weekly recap to a new account for a more sufficiently decentralized approach. Each week we'll bring you the latest episodes and show notes from GM Farcaster, a morning show bringing you 21 minutes of Farcaster news, 3 days a week.

GM Farcaster: wowow, warps and boosts oh my!

GM Farcaster weekly recap Nov 13-17, 2023

Based Nouns

Nouns DAO is an organization that was created in 2021 to steward a collection of PFP known as Nouns. The Nouns are pixelated images generated algorithmically and have unique properties. Owning a Nouns allows the holder to vote in the Nouns DAO on decisions about the project's future.

The Nouns protocol is the system developed by Nouns DAO to allow people to own, trade, and govern Nouns NFTs (non-fungible tokens).

Based DAO is the governing entity that runs various projects, focusing on L2 Blockchain, Base Network.

Based DAO is community driven DAO has adopted the Nouns protocol for its collection. Like Nouns, Based DAO are algorithmically generated PFP NFTs with unique properties, which called Based DAO Token.

Some ways Based DAO is utilizing the Nouns model :

Based Nouns is a pilot project that runs by Based DAO. Based Nouns will launch the NFT collections on 

In the future, Based Nouns’ PFP Collection will be able to have a vote power in the DAO, and Based DAO Token holder would have additional votes per token.

By adopting the Nouns protocol, Based DAO is able to leverage the benefits of an established model as a new NFT project. This allows the Based DAO community to focus on building its unique culture and brand. The Nouns protocol has provided a framework for collective ownership and governance that many new NFT projects are finding success with.

How Based DAO Utilized This Model

Based DAO and the Nouns Protocol

, Based Nouns has implemented MultiSig Wallet to leverage up risk management on the treasury. Based Nouns has chosen Safe{Gnosis} Wallet, with considerations as follow.

Gnosis Safe is a multi-signature Ethereum wallet that provides additional security and control over digital assets. Here are some key things to know about Gnosis Safe wallets:

Based Nouns Has Implemented MultiSig Wallet on The Treasury

Leveraging Up Risk Management with MultiSig Wallet

2140 Studio

Exploring purposeful decentralized and token-governed technologies

We are navigating through the biggest transformation(s) society has ever seen. This transformation is unfolding because two realms are unfolding right before our eyes: technological progress is merging with an evolution in global cooperation.

Discover & share this Back to the Future Trilogy GIF with everyone you know. GIPHY is how you search, share, discover, and create GIFs.

Doc Brown GIF by Back to the Future Trilogy - Find & Share on GIPHY

It all began with a revolutionary implementation of Decentralization. An unknown innovator introduced a blueprint for a network that empowers individuals without the need for centralized control. And called it Bitcoin. 

Since Bitcoin came along, we've all been on a sharp learning curve, discovering what this technology could bring. For many this has ignited a vision of a future far more promising than the one painted by media and economic forecasts. This new sense of hope is important and beautiful. Decentralization in the right context presents us paths towards a more purposeful future. But you have to be willing to look deeper. 

It's essential to embrace Decentralization as something beyond technological innovation. 

The true essence of decentralization lies in its role as a cultural movement. 

We are witnessing the rise of a new cooperative ethos that sharply contrasts traditional systems. 

When I speak of 'an evolution in global cooperation' or a 'cultural movement' I'm referring to a 

good balance of personal empowerment (micro cosmos) within a global network (macro cosmos)

. Integrating these individual and community elements is essential for a positive global outlook. The technological frameworks of Decentralization showed below will merge digital interactions with real-world experiences in a way that enhances privacy and ensures safety.

This outlook shows how Decentralization is making a tangible impact by reshaping how we interact and claim ownership. Real-life applications are waiting to transform every aspect of our lives. From digital decentralized identity solutions to oracles connecting the virtual and physical worlds.

We achieve this by combining digital superpowers (infinite knowledge distribution, digital uniqueness, worldwide real-time communication and automated efficiency) with real-life shared experiences. For the first time in our shared history, the collective power of 

co-creating, co-organizing, and co-owning is within our global reach

, crossing borders and breaking language barriers. 

Let me share with you the most poetic description of this shift that I have found so far: A manifesto to 

Collectively authored and backed by the citizens of the Pluriverse

A Declaration of the Interdependence of Cyberspace

If this sparked your interest and you find yourself curious about diving deeper into this decentralized shift, consider subscribing to this newsletter. 

You'll receive regular insights into the most inspiring and impactful decentralized projects shaping our future.

Decentralization 2024: A cultural Empowerment

Based Nouns are a collection of 10K Nounish PFPs, creatively designed and infused with a touch of "based".

Spread the word, invite friends, help to build the community, and show off your nouns.

The BASE network is a secure, low-cost, and developer-friendly Ethereum L2, powered by Coinbase, built to bring the next billion users to Web3.

The $NOUN token will be one of the first memecoins on the BASE network, with potential utility and use beyond that classification.

What is the airdrop for Based Nouns holders?

All Based Nouns holders will qualify for an airdrop of $NOUN tokens, with the amount varying based on the number of Based Nouns owned. Additional tokens can be earned by completing quests on Zealy, where leaderboard points affect the amount.

Based Nouns focuses on cool Nounish collectibles and being one of the first coins to drop on BASE. The project is community-driven, with the community coming together to choose the direction. We will offer no promises and over deliver.

Is there a community or social media presence for Based Nouns?

The two main places for all Based Nouns info is on Twitter 

 for real-time updates and here in  our Discord community.

 for the latest news, announcements, and releases.

Are there any restrictions on usage or rights associated with Based Nouns?

Based Nouns are CC0, allowing you to use and create with your nouns in any way you choose.

How can I get support or assistance for Based Nouns?

All you need to know about us

Based Nouns FAQ

Web3 Legal

Web3 legal insights, strategies and techniques.

Imagine you are part of a global community of enthusiasts, united by a common cause, driven by shared values, and governed by democratic principles. Sounds exciting, right? That's the promise of Decentralized Autonomous Organizations (DAOs), the new web3 creatures changing how we think about organizations. 

Let's do a quick dive into this world. I'd like to walk you through a few benefits and pitfalls, some of my clients are trying to wrap their heads around.

1: What are DAOs, and why should you care?

A DAO is a type of organization represented by rules encoded as a computer program that is transparent, controlled by organization members and not influenced by a central government. Web3 enthusiasts argue that DAOs are the most effective way of establishing a digital company where all decisions are made through community voting, ensuring every member has a say.

Have you ever felt like you don't have a voice in the decisions made by the organizations you're part of? Have you wanted to roll out a new project in your business allowing community members to be more active in? Well, DAOs may eventually change that.

Do your own research as to the benefits of a DAO (consider using the search feature at my blog 

At the same time, also please appreciate some of the legal downsides that I'm seeing, right now, with DAOs.

As with any innovation, DAOs come with their own set of challenges. One major concern is web3 anonymity. How can you trust someone you've never met? How do you conduct due diligence on community members when you don't know their true identity?

And what happens when legal issues arise? Which venue and jurisdiction will apply when members are spread across the globe?

Funding is another significant challenge for DAOs. Traditional venture capitalists are hesitant to invest in organizations where control is decentralized and the future success is in the hands of community members who may lack the necessary skills and experience. How would you feel if your investment was managed by a group of anonymous internet users? It's a concern that needs addressing. [I have a few ideas I'll share here or over in my 

From a legal perspective, DAOs are akin to a vast, uncharted territory, riddled with potential pitfalls. One glaring concern is the challenge of ascertaining the identity and location of a wrongdoer. 

In traditional business structures, you know who you are dealing with. There are records, addresses, and identifiable information that can be used to hold someone accountable should things go awry--and in business they always do. But in a DAO, where anonymity reigns supreme, how do you pinpoint the culprit? After all, knowing a public digital wallet address is one thing. Knowing who is behind that wallet is another challenge in and of itself.

And let's talk about venue and jurisdiction. For the uninitiated, "venue" refers to the place where a case is heard, while "jurisdiction" is the authority given to a legal body to deal with and make decisions on legal matters within a particular geographic area or subject matter. In a DAO, when members are scattered across the globe, determining the appropriate venue and jurisdiction can be a nightmare.

Imagine this: you're part of a DAO, and a member from the other side of the world violates the rules. How do you take legal action? Which court has jurisdiction over a member who might be located thousands of miles away? The challenge of exerting jurisdiction over DAO members adds another layer of complexity to an already complicated landscape.

While the community-building and decision-making abilities of DAOs are undeniably powerful and innovative, we constantly remind our clients not to turn a blind eye to the legal challenges they present. As we step into this new era of web3, it's crucial for business owners, investors, and consumers to be fully aware of the potential pitfalls of these new business structures. 

Several questions we ask our clients to consider when thinking about using a DAO in their business include:

#1: Are you willing to embrace the chaos of a DAO for the sake of innovation?

#2: If so, do you need to establish clear rules and regulations to govern these digital utopias?

#3: Is creating a DAO in your state, region or country even legally possible?

#4: Is there a better, more established way to manage community decisions?

The future success of your DAO and business, depends on how you choose to answer these questions.

The Problems with DAOs Nobody is Talking About

FULL TIME DAO

Stories from your friendly neighbourhood DAOs and contributors on their way to full-time DAO.

gm. Welcome to Full Time DAO. In this blog, we delve into the world of DAOs and explore their growing influence across sectors like media, advocacy, and journalism. The content on this blog is from 

), an avid DAO contributor sharing his journey as a leader and core-contributor in PubDAO, Lobby3, and JournoDAO. He also consults early-stage DAOs with virtual org design over at Clinamenic LLC.

In the Full Time DAO series, our objective is to distill the wisdom acquired from the unique journeys of individual DAOs. This piece is structured into three segments, each dedicated to a particular DAO:

(Not) Sponsored: Lil Nouns Delegation Guide

Back to the blog. Let's start with PubDAO.

A media DAO seeking to redefine media production and distribution using web3 tools.

pubDAO.

 began after discovering the DAO through a 

. He gradually became more active in the discord community and eventually took on administrative roles and became a core contributor in the DAO.

PubDAO focused on creating a decentralized platform for content creation and publication. Contributors served as writers, and the project's scope expanded to define various roles, onboard community members, and connect them with opportunities to write articles for clients. 

One significant lesson Spencer learned from his involvement with DAOs, including PubDAO, is the challenge of maintaining an active group of contributors. Many early projects tend to involve discussion and ideation, making it challenging to retain contributors who volunteer their time often without compensation.

Spencer also noted the importance of looking beyond superficial indicators of community engagement. While Discord channels might appear active due to discussions or memes, real productivity could be happening elsewhere, possibly within a core team's smaller group. Measuring the health and activity of a project is not solely based on external appearances.

PubDAO is currently inactive. PubDAO did not have a token and the project was co-managed by a centralized team from decrypt.

Lobby3 A decentralized advocacy organization

Lobby3

Lobby3, a nonprofit on-chain organization, established itself as a unique platform that aimed to bridge the gap between civics and emerging technologies. With an initial base of more than 800 token holders, Lobby3 engaged in various governance activities. This advocacy DAO was founded with the involvement of notable figures like Andrew Yang and his former campaign team, who envisioned leveraging Web3 principles to bring a new perspective to policy making and advocacy in Washington, D.C. While the DAO had promising objectives, it also faced several governance challenges related to identity verification and compliance in the lobbying space. The compensation model for contributors relied on retroactive proposals, highlighting the complexities of DAO governance and payment structures.

Lobby3 DAO encountered several legal challenges throughout its journey. Spencer highlighted the complexities arising from foreign nationals' involvement in US lobbying efforts, particularly concerning regulatory issues and the contributions of non-US nationals. Spencer explained the DAO's efforts to address these challenges by exploring solutions like zero-knowledge identity verification, using zero-knowledge proofs to verify participants' nationalities while maintaining their privacy. These insights underline the intricate legal matters faced by DAOs in their efforts to operate within regulatory frameworks and their attempts to strike a balance between decentralization and compliance.

Spencer's journey with Lobby3 exposed him to the complexities of systems design, as he got more involved in crafting governance systems within decentralized organizations. This entailed designing structured processes for decision-making, defining protocols for proposing and implementing changes, and laying the groundwork for coherent decision frameworks. Alongside this, Spencer recognized the pivotal role of comprehensive documentation. Through his experiences, he learned that extensive and well-structured documentation was a fundamental aspect of transparent and effective DAO operations. It served as a knowledge repository, providing guidance to members seeking to navigate the DAO.

JournoDAO is an incubator for projects that transform and rethink the journalism ecosystem.

JournoDAO

JournoDAO, founded by journalist Eric Mack (and Spencer as a fellow founding member), serves as an incubator for projects aiming to reshape the journalism ecosystem. The idea behind JournoDAO germinated in the PubDAO discord server, where individuals shared a mutual interest in web3 technology's transformative potential for publishing. As PubDAO's focus leaned more towards marketing content, there arose a distinct interest in exploring the unique questions and curiosities related to journalism. Eric Mack initiated the JournoDAO server, forming a community of people keen on the intersection of web3 and journalism. Over two years, this community evolved into the JournoDAO core team.

Operations and Bridging the Web3 and Journalism Gap

as a small, dedicated group of individuals passionately discussing how journalism can benefit from web3 technologies. JournoDAO has been instrumental in bridging the gap between web3 and journalism, acting as a liaison at journalism conferences and helping educate mainstream audiences about the potential of this technology.

The web3 use-case for Journalism - Censorship-Resistant Publishing

Recently, JournoDAO has been working on creating an indexing system for content, especially journalism. They've collaborated with 