Bankless Addressing BanklessDAO Drama
Nov 29, 2023
The podcast dives into the recent backlash faced by a prominent crypto organization, examining its impact and the emotions stirred within the community. With reflections on the complexities of miscommunication and controversial proposals, the hosts address accusations regarding treasury management. They also explore how social media scrutiny can amplify criticism while emphasizing the need for focusing on long-term value in the crypto space. Personal anecdotes highlight the emotional toll of navigating these challenges and the broader implications for the Ethereum community.
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Arbitrum Proposal Backlash
- Bankless DAO submitted a proposal to Arbitrum for $2 million in ARB tokens.
- This was for a global education and onboarding campaign, causing backlash.
Bankless DAO Genesis
- Bankless DAO was created in 2021 during the rise of DAOs and a surge in Bankless popularity.
- It was a way to organize community support and experiment with a decentralized model.
Bankless DAO Structure
- Bankless DAO operates as a headless brand, fostering a decentralized movement.
- It enables global participation through various international branches.