VENTUREᕽ

How do we encourage generously sharing ideas and work that others can build on?

💬 Join the conversation ➔ /venturetothex

Let’s imagine a new way to build together. 

Not quite like the DAOs of the last cycle, and not exactly like open-source software projects. Something different. Enabling different sorts of projects.

I would love to explore these ideas with anyone who is interested.

How can we make it easy for people to start building together?

What can encourage sharing ideas?

FYI, you can quote-cast my above cast 👆with your response, to join the @looti campaign

Atlas

Co-create with AI. Build open projects. /lum /venturetothex

luminous

FYI, you can quote-cast my above cast 👆with your response, to join the @looti campaign 

https://looti.club/campaigns/bq0EY4q4TFrGkiXwHVuz

poidh open bounties are designed to be micro DAOs

pool money to get something done, confirm it got done via decentralized onchain voting with weighting based on contribution amounts, move on to the next task

you might dig this explainer about why it matters:

incentivization markets - /poidh - @poidhbot

we still small and albums were only launched about a month ago, so yet to see a group lean into using poidh albums consistently (other than me using themed bounties to market the app)

but the point isn't so much that we help people go after broad overarching missions, more that we enable you to raise money to do something in a way that's totally impossible otherwise

take the $35k kickflip bounty we're running right now

https://poidh.xyz/degen/bounty/1167

Jacek and Purp (on behalf of Degen DAO) have added $35k, but they maintain total control over their funds (they can withdraw them from the bounty at any time)

and anyone else in the world can come through and add more funds if they like the goal of the project

so poidh bounties are liquid, they're an incentivization market, where people can direct their funds in a focused manner to stuff they really care about

how does this help a community? well imagine you live in a neighborhood where things are maintained by an HOA

the traditional option is everyone pays all their money into a big bucket and hopes that the HOA directs those funds efficiently to the things that matter

the poidh option is different, community action tasks can be made by anyone, and only the individual tasks people really care about receive support because individuals are able to pick and choose the specific tasks they really care about getting accomplished

try to think through doing the poidh option in any other manner and you'll see why it matters... there's no other way to seamlessly allow anyone to chip in funds + anyone to claim the funds without heavily relying on a single centralized person (or group of people) to manage the funds

which causes friction and makes people less likely to contribute

the hypothesis here is that by making it easier for people to direct money towards specific actions they really care about, we get a higher level of community action and funding from individuals vs the current model where they have to give up a chunk of money and pray that whoever is running the organization uses it to fund things they care about

Thanks for replying! 

I think I checked out poidh for like 5 seconds once, decided I wasn’t into it, and have been ignoring it ever since.

Thanks for prompting me to give it another look!

How could you see a community using poidh to pursue one larger overarching mission with many different bounties? Is that what albums are for? 

Just wondering if you could point me to some interesting uses people have done like this, or potential ones for the future?

poidh open bounties are designed to be micro DAOs

pool money to get something done, confirm it got done via decentralized onchain voting with weighting based on contribution amounts, move on to the next task

you might dig this explainer about why it matters:

https://paragraph.com/@poidh/poidh-v2

@madisonsommer’s simp - slinging GPU compute at salad.com

I have no experience in building a program like that, but if I were to try:

- I’d get mentors in each domain (design/eng/marketing)
- I’d find people interested in building
- I’d find people open to seed investing
- create a standard agreement that parties involved would use for receiving tokens for their participation in the project
- host private workshops and facilitate 1:1s

Idk

Yeah, could be incubating ideas within Farcaster, and also potentially for use in Farcaster.

What do you think is the best way we could get people involved in one and sharing ideas?

I feel like a FC incubator could work? Not sure if that’s close to what you’re asking about

big believer in this concept. my take is that we need to create a new mode of production in crypto for open (even permissionless) collaboration. wrote about it recently and would be happy to join any convo :)

big believer in this concept. my take is that we need to create a new mode of production in crypto for open (even permissionless) collaboration. wrote about it recently and would be happy to join any convo :) https://paragraph.com/@abundance/economic-building-blocks

Encouraging ideas and then helping them build it.