Thank you for this massively detailed proposal Joe.
I think I’ve now (re)read all of the comments, plus also the comments under @kyle’s voter guide.
As always extremely impressed and inspired by the level of detail put in your proposals, I think the thoroughness of your approach & transparency can and should be an inspiration for any DAO.
I’ve spent quite a few days on mulling over whether I should abstain from voting or vote no - the way it currently stands I will probably vote no on the current budget. The main reasons for this are 1) the reserves which are requested and 2) the investments in innovation and governance within this workstream, which increase complexity and imo reduces effectiveness, at least at this point in our DAO’s timeline.
When I read the comments here - except for Kyle’s, who went for a hardcore deep dive - I think it shows that many people are supportive for one of two reasons: either they are a part of FDD and for this reason might be biased and/or see things I am missing, or they are stewards who appreciate the thoroughness of the FDD proposal and for this reason are supportive of the proposal, without actually understanding in detail what you are proposing and why.
It shows we still have a long way to go to incentivize Stewards to dive in and allocate enough time for these crucial decisions, and hopefully @Pop’s council proposal (WIP) will help on that level.
Both of these observations are very subjective and I am sure might rub some people the wrong way. I for my part can honestly say that I do not understand all of it, and it is one of the many reasons I am/was hesitating to vote, I simply do not have the time available to dig even deeper.
However, because of the large amount being requested, reading kyle’s observations combined with my own observations of the workings of FDD as a daily and full-time contributor within the DAO, and especially point 1) & 2) above I will probably vote no on this iteration of the budget.
Some more detail on my logic here:
1) Reserves
FDD is the only workstream who has been ‘saving up’ and I think the argumentation shows we mainly need to work on getting rid of internal politics (which indeed do exist! and are very frustrating) and get better at DAOing. However, allowing these (enormous) reserves is counterproductive: it is basically saying that our governance mechanisms of allocating budgets are not working / cannot be trusted. To be honest I agree with that point
The answer however imo is not to keep doing this & have funds ready to allow spinning out as a standalone DAO or to cease collaboration, but to work more on / invest more in the operations of the DAO as a whole, and improve our communication & governance mechanisms, as we have one shared/joint mission.
2) Innovation / Governance
Working within the DAO Operations Workstream I can say that there is a lot we need to do when it comes to effective governance, transparency and incentivization, there’s room for massive amounts of improvement & growth, and FDD has been leading the way here, because no one else was. However, I do not think these initiatives should be developed under FDD, they belong mostly under DAOops, which now exists and is slowly scaling.
This is not a question of centralization, it is even the opposite to me, as DAO Operations was created to service shared needs of the entire DAO. With certain elements of this proposal we are actually working towards a centralization of power within one workstream, and I think we are too early in the process of our own DAO (and all DAOs) to move this fast. Personally I think it could endanger the focus on the mission of Gitcoin, which is to build and fund public goods, not to become the most effective DAO.
Ideally one day we’ll be both.
I think the work of FDD is mission-critical, so I would vote 100% yes on a budget that is considerably reduced. I trust the calculations by Kyle make sense, which brings us to a budget around 35K GTC on top of what is already available.
I think this leaves plenty of room for innovation (also on topics of governance, eg the source council) and might be a signal for FDD to focus even more on its core mission, streamline for simplicity and effectiveness, and a signal for DAOops that it needs to really and urgently invest in better governance and incentivization modelling for the entirety of GitcoinDAO.
What you want to achieve within the boundaries of the budget that will remain - which is still around 50K GTC (!) counting the built-up reserves is still very ambitious.
I do believe every major city indeed needs its own fire department, and we have one, but we are not a big city just yet, we are a big name, but counting active (and effective) contributors, we are still a ‘baby DAO’, and we have already spent a lot of time on reducing internal politics aligning, in challenging times and a long-distance context, simplicity is key in order to continue on that path.
The vision for FDD is fantastic and I hope building a ‘sybil defense network for the metaverse’ is where we will arrive at. But let’s first make sure our city is thriving, viable & regenerative, before its fire department becomes a city on itself.
Note: I hope this feedback is useful and is interpreted the way it is intended: some constructive thoughts to help us achieve both our medium & long term goals, without stifling innovation or demotivating you or other contributors. I believe in moonshots and I believe even more in the need for a decentralized world, but I’ve also first-hand seen the risks & failures of bringing too many layers of complexity too soon.
I will not have the time to respond to comments on this in the way that Kyle has done above and under his summary because of Ethdenver and a number of other reasons. We can however discuss irl and will definitely read any comments if they appear here.