November CSDO Digest

[Vega]

@DisruptionJoe

Lately I’ve seen a lot of people suggesting that Giveth is a better model for paying the contributors because they have launched many products. How would you connect that as being true while also looking at their token?

We know from this thread that Giveth spends roughly 10x less monthly than Gitcoin, so it’s 10x less vulnerable to running out of runway due to a downturn.

It’s also much newer than Gitcoin, and hasn’t had the benefit of being blessed by Vitalik with blog posts on vitalik.ca.

(To add insult to injury, Giveth seems to be shipping protocols much faster than Gitcoin on way less budget.)

@griff

Giveth spends around $120k a month with 40+ paid contributors, ~50% being full time, and GTC is spending 10x that, but it is not an org 10x the size. We are very inefficient with our resources IMO, and can do more with less, but there is no motivation to move that direction, because it is hard!

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@DisruptionJoe

My point here being. What do we define as success?

I think that this post covers a good success case:

@a33titude

GTC

In my opinion, the bull case for GTC basically boils down to:

1. Grants will be successful & have $billions/year in capital going through it.
2. Passport will be the foundation of a new sybil resistant economy in web3.
3. Governance rights to manage these systems will somehow become valuable.
4. GitcoinDAO will survive to get to that point.

The official purpose and essential intents are a good goal post as well.

@Jodi_GitcoinDAO

The Purpose of Gitcoin
To empower communities to fund their shared needs.

The Essential Intents of Gitcoin

1. Protocol Adoption

• Build a widely adopted, modular Grants protocol that creates a flourishing ecosystem of funding mechanisms.
• Build a widely adopted, modular Pluralism Passport protocol that creates a flourishing ecosystem of network effects around Decentralized Society.

2. Financial Sustainability

• Have a comprehensive, diversified strategy for financial stability of the DAO in order to effectively achieve our mission.

3. DAO Organization

• Create and promote clear and engaging rituals, communication channels, and messaging that build emergent shared context among GitcoinDAO’s contributors, stewards, and supporters.

4. Grants Program Success

• Enable a successful grants protocol launch by dogfooding it internally and supporting ecosystems in adopting it.
• Continue to support the Ethereum ecosystem and public goods in web3 and beyond through Gitcoin-led rounds.

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@DisruptionJoe

One question: Have you attended any of our steward calls or DAOvibes/Community calls? I’m not able to decipher how much is based on us not publicly documenting as much as we should or could vs making the wrong decisions. Knowing how much you are able to use what we are making available could inform us on how to improve these efforts.

I’ve attended DAO vibes as a lurker, but not stewards calls. How do I get into those?

It’s pretty clear to me Gitcoin is bloated, wasteful, and ineffective. It’s spending $1million/month and not meeting it’s own stated essential intents, and the market downtrend is clear. When confronted with this feedback, there is SO MUCH JUSTIFYING OF THE STATUS QUO that comes from insiders, I don’t think my attending these calls will (and making me an insider too) will change any of my opinions. It’s much more scalable for insiders to start responding to the market than to convert all of the market to insiders.

I want so badly to be bullish on GTC, but what I see on the governance forums is not promising.