DXdao DXbiz Weekly Gathering, 11 Jul 2022

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From YouTube: DXbiz Weekly Gathering [2022-07-11]

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00:02 Welcome
01:07 Orbis Investment Discussion
12:29 RAI update
15:28 ETHCC
24:00 Infinite Genesis Applications

A

Hello and welcome to the dick's dial best difficult for monday, 11th of july 2022.

A

um on the agenda. Today, um we we have a reverse of the light agenda, we're going to be exploring uh or discussing uh the orbis club presentation that happened a few weeks ago and upcoming under dx events. We have ecc so prepping for you to see. I think there are a couple of initiatives that are happening on twitter and around our uh um our event and um yeah. We have hacker soul.

A

I think the name is change right, um hacker vision, right um and we're going to be discussing that the deep style hackathon um in bogota and yes do. We want to get started, yeah anyone. How else has any other topics to the agenda? You know feel free to like add um and yeah? I think um yeah talking about orbis they presented to us a few weeks ago, and um I wrote this in the dx ventures um discussion. I'm also doing some due diligence for this uh from the perspective of collider and I think yeah.

A

I think this is like a very interesting opportunity for um for dixie, simply because you know this is this is kind of falls into the category of stuff that the style will also use um with an opportunity to invest um and yeah sort of like what are people thinking.

A

I can tell you that the immediate thing that comes to mind is that this is a competitor to um to sort of lens protocol, but this uses like a completely different infrastructure right if lens protocol is using like smart contracts on um on polygon, um this is using essentially a ceramic. So it's the the the data itself is not on a blockchain it's on ipfs um and yeah. This is a big difference and then I think you know it's very hard to compete with like stani and like what they're doing so.

A

This is kind of like a very big question that I have and yeah like when I'm talking to um uh baptista, I told him, you know I'm wearing both hats and I'm gonna be doing like the diligence for both. um So I'm gonna meet him in paris, and you know other people are welcome as well to join um and yeah. I don't know I feel like I talked for too long.

A

B

You you're right, um baptist and and charlie uh they're coming to our uh mixer, so we'll all meet them there. The thing is remember in a recent conversation where I said um the the gold in crypto is the users and I don't feel like uh we should be going after the users directly.

B

uh We should re truly be selling shovels, as the energy goes uh in a gold rush. uh Don't dig for gold sell shovels, so um I think it's very difficult to go directly and try and find users, and I think these solutions that you mentioned like lens orbis and- and there are even a few others- they'll- have a very very hard time finding users and getting traction and adoption, which doesn't mean they should not be supported.

B

um Just the opposite, uh you know be the change of course, but um I feel like when it comes to an investment. um It probably isn't the the best thing for dxdow to probably do at this point. um We should definitely support them by using their product and call marketing and telling everyone else how great it is, but um I'm I'm just not sure about uh the investment side.

A

Yeah, I can tell you that this is. I mean this is you're very much correct. I think in that you know, call it like decentralized, social.

A

um It's not going to be in this cycle and probably not even the next, um but to have like a you know, a twitter alternative, but you know sort of like uh with people owning their data or using wallets whatever to log in. I don't think this will happen in this sort of uh um this or the next uh bull market, but you can tell what I.

C

A

About what this is doing is building is that it's not building orbis club is sort of like an end-user product, but it's just to prove that the protocol works. His goal is to actually give sort of this. This entire orbis protocol, as an sdk for people to build their own sort of like applications, um which is.

D

An interesting vertical.

A

To explore um and yeah I mean yeah in general. I think this is going to be a very, very tough market and yeah. Even you know lens, which has like the full weight of ave, and you know billions of dollars that they could spend um it's gonna be difficult, um but yeah. I don't know happy to hear like other people who are looking this, I don't know, maybe ross from like the developer perspective.

A

I don't know if you I don't know if you dive deep into the documentation of what they're doing from a technical side, but yeah.

E

Yeah I mean I had a call, I think, after the initial call, we had in the biz dev one with baptiste and we talked and so we're gonna use it. We've got access to the sdk and I think we're gonna be the first ones to use it uh outside of orbis club, obviously um so yeah, I think in the next coming weeks, we'll probably be implementing it and stuff and yeah. I was writing in the chat, but I don't I kind of doubt lens will be.

E

The only thing obviously like abby being behind lens is a pretty. It's basically is probably his biggest strength. I think if anyone else is doing it, there's a decent chance, it would fail, um but I also don't think it's going to be the only the social network and yeah, I think, to get the the same.

E

Experience like lenses uh has a lot more stuff to do than the arby's club is already pretty great. Certainly a lot more user-friendly than lens will probably be in like even a year. I would imagine.

A

Yeah, so I tell when I talked when I talked about this, he said like he initially built this as smart contracts and then realized. You know this is going to be it's going to be terrible, terrible user experience and then decided to explore ceramic and so ceramic wasn't ready. So he built the indexing layer for ceramic which is like okay. Now you can build something like that um which is yeah. It's interesting.

B

This whole thing, so I mean I've been using a similar social network for like more than a year, it's been around for a hell of a lot of time and like it has even tens of thousands of daily active users, but it it still isn't anywhere on track to kind of like rival.

B

You know the traditional social networks. You know they try to incent, because when you think about the perspective of the user, what would make the user jump ship and and go to the other one like? What's the incentive? Is it the better experience?

B

Not really because it's actually more difficult? um Is it some monetary incentive and they try and do that? And- and you know, when you get a lot of likes or retweets and you get paid for it.

B

It sounds good on paper, but in reality it just fails like you are tweeting, something sometimes you even paid to eat and and then you're, expecting someone to retweet and like your tweet, so that you get your return on investment and maybe even make some. But it doesn't work and it's like tiresome people just like the the what they used to like with twitter, and I don't know uh what the catalyst will be to make people start using a different type of social network.

A

Yeah, so I think uh I mean I agree with you. It's the features that we have right now are not going to be making the difference. I think I don't know.

C

A

Musk is going to piss off twitter so much they kick him out and then you know people have to move somewhere else. This.

E

Is interesting, sorry, I think the cool thing about well arbus is, I mean I think lens is also doing this already in some ways, but having the the data be available like we're using orbis club data in like a governance application, it's basically like discourse, but you could also like view all of this content on another twitter analogy. You can still view it on twitter, like follow people on twitter and stuff.

A

Directly, comparing.

E

It to twitter is necessarily like you could compare it to twitter. You could also compare it to like discourse or any other sort of forum platform.

A

Yeah, so this course- and I think I don't know like people here- remember in the old alchemy- they had discus, which was like comments, uh and then that was terrible. And then we implemented a version of this in omen uh for comments using ceramic. But that also was terrible because there was no indexing and so like. Orbis could serve like these type of things as well like commenting on basically anywhere in the web right.

B

Yeah, so I I like discussing alchemy, I liked it but yeah what I'd like to see is probably because a lot of people are posting or a lot of people are using networks, but not really uh generating any content.

B

So they don't bother much about their content being immutable like or permanently like non-sensorable, but it should be probably offered as a bolt-on like you could tweet 20 tweets and if two of those are really important to you and you feel like someone might censor them, might want to censor them and you want to pay extra to upload them to say, ipfs and and pin them. Then you do that for those special tweets, but not for like every single one, like some some kind of a hybrid system. You know.

A

Okay, we'll see how this develops and yeah um like I'm happy to share. Like all my notes about you know talking to them um yeah, and I think the biggest question is like. How does this? Does this get a lot of users, which is not an easy question to answer and like what's the vertical to attack? First, then yeah, um so I don't know: does anyone else have any.

B

Thoughts, I mean the the silver lining is if we integrate this into a governance system uh and uh davi and and we have the esports fans from all over the world- use our governance system, the guilds for esc 20 tokens, they will eventually also be using orbis right. So I think uh we're helping them a lot.

A

Yeah, I mean 100, I think we are helping. um Question is if we want to also like financially share the success uh from like an investment perspective, but uh you know it's: it's not mandatory in any way um yeah. I guess we can like move on to the next. Obviously I just had uh I thought: uh do we have any updates on rye, I saw some like discussion about it. Dave. I don't know if you want to share like what's the status with that.

D

Sure um yeah we offloaded the majority of ri into usdc, dye and lusd, and just currently observing how the market kind of absorbs that so the rye redemption rate has already been decreasing a little bit, but it's still strongly negative at like minus 17. Last time I checked and so just continually uh continuing to actively monitor that, and I think, based on how that develops over the next week or two make a decision on uh or like you know, bring it to the forum.

D

What we want to do with the remaining rye that we currently hold on to, but that that's pretty much it for.

A

Now: okay, nice.

B

Nature is healing the the protocol. The protocol rate is already um lower, so we are actually helping balance it so yeah. It works as intended.

A

Yeah we um I haven't seen if we um like, made like some pr around this like we should. I mean I guess we can.

F

Well, the only funny thing is, I think now, the largest rye holder, or maybe it's the largest right debt holder is vitalik because he has like I don't know he took out like a one million one or two million dollar thing on on yeah printed ryan. I think he converted it to die, and so now he's up, like, I think, 25k on that trade, because the price of rye has declined, and so I don't know when he will close that or if you will close that, but that's kind of interesting. It's metallic that heath.

B

F

B

Sound he converted.

F

Well, the joke was that maybe he was waiting for geeked out to sell to close off the position. That would be cool, but I don't. I haven't actually checked in the last couple days.

A

We should I mean so, I think like we should try to be public about all of this, like all of our thought process, all of our like understanding of rye, like what happened, and then you know even tag vitalik, hey vitalik. Are you waiting for us to sell because we just sold- um or I guess or offloaded.

A

Meanwhile, dave is rugging, everyone in the chat.

D

No, no, I actually saw I ex unrugged.

A

um Yeah so interesting right, I don't- I don't see keenan here, but I guess for um the next stuff about ecc. So we have the event. I saw the tweets and I didn't see that we get too much traction melanie. Are you here.

C

Yeah, can you repeat that one more time, I'm sorry nylon.

A

Yeah just like about uh our mixer and um um yeah about, like you, know, telling us why decentralization matters, I didn't see too many responses.

C

Oh yeah, so we actually haven't received that many uh responses directly on twitter. But there is um our event is pretty popular like it is completely sold out, um not sold out, but there's a huge wait list, um but I'm really excited for it, but unfortunate that right nobody's really responded to the twitter.

A

Yeah yeah um I mean yeah, I mean but good, try right.

B

A

I mean, I guess, like my inspiration, was the rather poem thing, but you know that's obviously, everybody's like frothing on that. So.

B

um Yeah, I guess like to to appease ellen elon musk. um It seems like. Maybe we also got some of our followers uh being bots.

B

We didn't get that much engagement, you know if you have like 10 000 followers and you don't have much engagement. I don't think it's the contents, that's the problem. We have fantastic content. I think some of those followers may have like abandoned their accounts or could be bots or who knows I mean it like.

B

The the elon musk meme from yesterday is amazing.

B

uh That progression like he's, grinning and then smiling and then laughing and then he's like. uh Basically, uh twitter denied disclosing how many of their users are bots and then he threatened them to break the deal he broke. The deal now they're suing him for breaking the deal and now he's taking them and because they're taking him to court, they themselves scored.

B

uh What? What do you call it in english, when your team scores a goal in your goal like.

B

Yeah so basically, twitter scored an own goal by getting themselves to court to disclose how many bots they have and how like he's laughing right now,.

A

Yeah I mean I feel like this is something that's gonna be interesting to see, develop but yeah, but.

B

On the topic of paris, it seems like the formal for ecc is incredible.

B

Our event our mixer got 559 people apply on the wait list, and now um we have 94 people who are on the guest list, vips, which leaves us with just 56 passes to give away, which means we need to only approve one in 10 people. We would need to reject nine out of every 10 people that applied that. That's how much that's how big the formal for paris is this year, it's crazy.

A

Yeah, I I I would say like approve more than the guest list.

B

A

B

May not attend, and even if we go over say with a few people, it's not a problem but of course yeah.

B

And I have it here on the agenda on the topic of paris: let's sync up with swag flyers stickers on the topic of swag. Do we have venky here he mentioned that the t-shirts have been printed already and they're being transported. I wonder whether he's got an update.

B

I assume everything's going according to plan, so no worries on that front. Stickers dirk your wish was fulfilled on the friday strategy. Call we agreed to we collectively agreed to go ahead with the stickers rather than the labels is everything going according to plan with the stickers.

G

I'm finishing the stickers as we speak, and I will kind of finish to finish the designs today and post them into the paris forum, nice. I think I need to print them or send them to the printers tomorrow latest.

G

That's the status.

B

I have a question.

G

I think I'm going to going to go for a fancy mirror material stickers, so they will, they will be shiny. That will be glossy. I.

B

Love those I love those those were.

G

My best, my my favorite ones, from amsterdam, beautiful.

B

I I gave them away to my nephews. The the shiny mirror reflected stickers were the best ones.

B

G

Going to be great.

B

And dave is asking: are they going to be sticky.

B

That's a rhetorical question good um moving on, I shared uh an article which is kind of like an info material that each of us could go through use as talking points for when we meet people in paris and chat about swapper, and if you find anything, you're, not happy with feel free to comment or suggest edits and we'll do those.

B

uh You you can find the link here in the agenda um yeah and I'll paste it in the chat too perfect and yeah uh and flyers. uh Do you need help uh with like flyers dirk or is? Is it like going along with the stickers.

G

uh I'm kind of just planning uh one step ahead, uh because uh at the moment everything is a bit tight and busy. So uh flyers are the next thing. I think we can print them more or less last minute, but I concentrate on getting stickers out of the to the printers today.

G

It would be great if you would be able to, or somebody would be able to prepare some content. What you want on the flyers and then I can start to work on it, um but yeah. It should be a big deal for sure uh we can, uh together with boris, finish them by tomorrow or something or have a first draft tomorrow and then get some feedback and send them out.

B

Thank you very much, sir good yeah there's plenty of content. We can help with um it it actually, the the problem is not finding content but figuring out exactly what to present in a concise manner like there's so much to tell the world about. And what do you pick like? You cannot talk people's ears off and you cannot like share a bible with them.

B

It's got to be, you know simple, and it should convey the essence so yeah we, the task at hand, is pretty much just figuring out what the key selling points are that we should be talking about. Maybe um zed and venky could help with guidance on on the product side um good next we got infinite. Bogota augusta shared that since we tweeted about it, we haven't got that many uh applications submitted and we need to do something about it.

B

um It is months away, but still uh we're gonna like wake up tomorrow and uh it's gonna be time, so uh we so.

A

Yeah yeah, I I'll just say that um I think uh you saw me like I'm volunteering with like if berlin I used to do it in the past as well, but I'm well clear with that, and it's unfortunately like this is the thing like they also have, like, I think, like 40 people who applied.

A

But what needs to what we need to do is just like non-stop talk about it and there needs to be a tweet about this hackathon every week.

A

um We need to continuously talk about it and it needs to be like constant um every time with, like a different, I don't know different copy, different meme different something but like non-stop talk about this from dxdow um like every couple of days, there should be like a tweet or like at least once a week, uh tweet about the hackathon and like what can we build and like what are we doing there and stuff like that?.

B

Indeed, yeah um is anyone: has anyone subscribed to um a blog that they find interesting? That believe hackers would be reading that we could probably partner with so we could amplify our reach and uh reach out to a bigger audience. Then it we. We will definitely like tweet about it more, but that only gets us halfway. We probably need to reach out outside of our followers, and we need to do this with partners talking about it rather than just us talking about it on our channels.

B

So um I I think was it john or dave who suggested um we should reach out to evan van ness and if anyone has any other ideas to share, I was wondering you know a long hanging. Fruit, maybe bankless, but like other a lot of hackers following bankless, I think they are that there are and- and we do have um good contact with them. So why not?

B

If, if everybody else is on board, we'll chat more about this on uh the dx voice, call tomorrow, of course, but yeah you have a day to think about it and come up with some some interesting ideas.

B

No, no, no, no! No! It's uh it's really cheap. They. uh They. They offered us um a marketing plan to um promote any of our products on their um blog social media, and it was very, very uh competitive, like even cheap, so I think it could work if, if everyone else is on board, we could reach out to them and ask um if they would be happy to do this. Yeah.

A

Where is augusto like I'm wondering if, if we could do like, let's invite bangladesh to do this, like at the external bankless hackathon like? Why not he's not right.

B

Oh, it's it yeah do.

F

Hackers, like bankless, like I don't know, if that's kind of the overlap with the audience I think weak in ethereum or epicenter, would be a little more up there. The alley for the audience that yeah targeting epicenter, I think, also yeah. It's not a good one. To do. Look at.

B

B

What was uh hassan's blog called.

B

F

Yeah he doesn't do advertising.

B

Oh yeah, maybe, as as a friendly gesture.

A

Yeah common core.

B

Common core yeah uncommon, core: that's right! Yeah, oh.

A

B

B

A

um So I don't think, there's anything else on the agenda, but I will say that if you want to get this hackathon going, we need to yeah figure out like uh like a communications plan, and then I don't know. Maybe this is something that we do with uh yeah. I guess in the dx voice tracks with keenan and yeah. Anyone in dick's voice, basically and but figure figuring out the plan and like what do we want to tweet or like communicate, and how do we do it and who do we distribute it to yeah?

A

It's like like reddit forums as well is is like a low-hanging fruit. So.

B

Indeed, yeah, um I will be sharing it in in some telegram channels with devs, so hopefully we'll get some. um We we can. I I think we should uh definitely reach out to developer dao.

B

A

B

Them to do this together, like developers yeah, I mean the thing is like we need to coordinate with augusto, and so we I will have to like get the clearance. You know.

B

Right yeah, I mean.

B

Anyone have anything on their mind about the stuff we already spoke up or anything new that we didn't mention.

A

Yeah good yeah, probably you know the topics.

C

A

Guess we yeah, we can and end early um and I think uh yeah have a great week and see you all physically next week, yeah.