Twali Wrapped - Issue #2
To all that are verifiably Twali,
We pray for you all at ETHDenver along with ourselves. While you rest, relax, we have for you Twali Wrapped, a review of the past week’s news — updates from Twali Town Halls, Flux takeaways, latest bounties — and with an interview with Twali Expert, Eli Kamerow. Hope you enjoy and, as usual, we would love to hear your feedback in our Discord.
What’s in the Cards (Upcoming Bounties & Events)
Bounties
Would you like to lead a Happy Hour? Twali has begun hosting vertical specific happy hours. We’re looking for people interested in leading a happy hour for their area of expertise. Their responsibilities would be to guide, and then summarize the day’s conversation about an article or recent piece of news. Interested? Simply fill out the submission form below and specify your vertical. Happy Hour leaders will receive $200 in ETH.
For more details, please DM David (@David C R Feld#4743)
Upcoming Events
You can subscribe to our community calendar to view and get notified of all our events here.
Flux: on the Future of Werk: Next Wednesday, at 12 PM EST, we’ll talk with Julia Rosenberg, the cofounder of Orca Protocol, about DAO coordination problems. Orca Protocol is a tool for constructing pods — subDAOs with their own treasury management.
Happy Hour: next Thursday, Will White (@WillWhite#5478), our Operations expert, will be hosting a Happy Hour at 10 AM EST on the regulatory, compliance, and legal in web3. With regulation being right around the corner, staying on the pulse is the most important thing we can do. If you’re an expert in any of the above subjects, this is for you.
Happy Days
This week’s Happy Hour was led by Twali’s product lead, Nick, where he talked through our product roadmap, including progress towards our MVP. Key points of the discussion focused on how a professional profile will look and work in both Twali and web3 more broadly, along with how privacy & anonymity will work with the vast transparency that web 3 brings Learning that control both on what information is shared, along with having flexible payment terms in our contracts was great to hear, and has definitely informed how we will deliver products to the Twali community!
Flux: on the Future of Werk
This past Wednesday, we caught up with Scott Moore, the co-founder of Gitcoin (and Twali advisor). We discussed the benefits of quadratic funding, advantages of delegates in DAOs, and the mission of Gitcoin overall. Read the highlights below or listen to the full talk here.
Key Takeaways:
Benefits of Quadratic Funding: Funding mechanism which distributes funding based on diversity of donors rather than size of contribution. I.E. project which receives $1 from 1000 people vs $1000 from 1 person will receive a larger grant. Demonstrates to donors the power of their donation, issues grants averaging 2.1-2.2x of capital donated.
Gitcoin Governance: Tension in democratic systems, such as Gitcoin DAO between engagement and democracy. Thus Gitcoin uses a Steward system — an individual who represents a smaller, participatory group and manages the treasury.
Reach out to Cokie (@cokie#6063) if you have ideas for how we could improve our Flux sessions and topics you would like to be covered.
Community Spotlight: the Eli Kamerow Interview
Twali Expert Eli Kamerow, known on the ‘cord as ColeSelzer, is a GTM consultant helping B2B SaaS founders break into U.S. markets. Brimming with congressional aspirations, Eli took some time to walk me through a little more about him, his interest in crypto, and his thoughts on its untapped potential and direction.
D: How did you first get interested in crypto?
E: I guess it first came in on my radar in 2013 when kids were using Bitcoin to buy drugs on Silk Road. I first started investing though probably in 2017, 2018. But it really wasn’t until the last year and a half that I got completely crypto-pilled, through series of learnings, readings, and diving deep down the rabbit hole. By that I mean, I’ve been really doing the work to get my hands dirty, meet the people and see the different things and form my own opinions.
D: Where do you think people need to be applying crypto that they aren’t yet?
E: Yeah, it’s a great question. So you know the highest level sort of macro outcome that I think about is how can we include everyone. That’s the promise of defy, for example, including the entire world on the global financial ecosystem, not giving everyone equitable outcomes or even equitable access, but at least giving everyone a shot. Right? I was talking to friends of mine and Uganda, Nigeria who are saying, Hey, we can’t even invest in the US, we can’t participate in this broader ecosystem, how can we lift ourselves up by our bootstraps, if I don’t have the freedom to to do what I want to do with my own money? So it’s all about again, like inclusivity in that perspective. So one area that I think is pretty neat is the opportunities around insurance. If you think about a lot of the challenges with all different kinds of insurance, health insurance, auto insurance, there’s a lot of that bloat and a lack of coverage coming from a fat middleman that needs to be paid, or assessors who need to be paid and things like that. As we get more and more into an IoT connected world, we’ll see the ability to have smart contract insurance. For example, having immutable data and algorithmic assessment assess, say an auto collision claim, would reduce overhead, assessor dependence, and expedite the process through smart contract execution. You won’t need someone to come and actually assess the damage, in theory be done instantaneously. There’s already some projects that are working on Etherrisk is one.
D: So we’re here at ETHDenver. You’re volunteering at Schelling Point. What was the most exciting protocol or talk you saw?
E: The name (Ceramic) escapes me. They just announced their series A — $30 million — where you own your own data. And then protocols can be like, built upon the data that you’re actually owning yourself— such that you’re renting it out to protocols when you connect. I contribute my data and then earn back in whatever capacity I demand. Also I got to plug my favorite phantom project Beethovenx. It was cool to talk to the Balancer team at Schelling Point. Beethoven’s a friendly folk balancer.
Overall, everything at Schelling Point made me so bullish. Just seeing how many exhibitors there were in this six story building. And there were just dozens and dozens and dozens of these really interesting projects with really smart, thoughtful people building the future of the world.
D: What must be we mindful of as decentralization as a movement grows?
E: There’s this FOMO culture where it sort of relates to everyone being very transactional and very fleeting, building superficial communities because they’re more focused on finding what’s actually like the best next thing. Classic grass is greener mentality. Obviously it comes in an industry which is saying, hey, let’s push the boundaries, let’s push the frontiers. But we need to be really thoughtful as we push forward since such hyper-financialization and opportunity sets actions and relationships up to be so inherently transactional. We finally have the infrastructure to create global equity through open systems and universal participation, in a way that we’ve never been able to before. We need to focus on that.
How to Get Involved
We’re always looking for more experts in compliance, HR, legal, tokenomics, governance, accounting, tax, etc) If you know someone who would be interested, please send them the application form, and receive a referral fee in return.
Hope everyone has a great weekend and see you at Town Hall on Monday at 1 PM EST!
Twali Wrapped
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