Hello world!
Welcome to the second edition of The Weekly Scroll, a newsletter from the ScribeDAO community.
Here we "roll up" summaries from the previous week and share updates from our community of scribes.
🏆 Our top contributors from the week were Ideas In A Jiffy, Yahya, CryptoSicario, and Yoshi!
🏕 Our community is growing fast! Our Discord has grown to include 93 Scribes, 26 Knowledge Seekers and 876 members!
👋 ScribeDAO is just getting started and there is much scribing to be done! Join the ScribeDAO Discord to become a Scribe today!
Latest Summaries
General
"Axie Infinity, Yield Guild Games & the play-to-earn economy" - summarized by Ideas In A Jiffy
Axie Infinity is a digital nation, Yield Guild is Berkshire + Uber and the space is changing lives.
"A Novel Framework for Reputation-Based Systems" - summarized by Yoshi
A two-token design is optimal for digital reputation systems.
"A Beginner's Guide to Ethereum Scaling Solutions" - summarized by ShrimpyWater
Ethereum L2 solutions promise scalability for the oft-congested blockchain, but how do they work?
“The Psychology of Money” - summarized by Yahya
Good investments have more to do with good behaviors than knowing financial theory. The article lists 20 causes for bad investment behaviors.
“introducing ecodao” - summarized by Geko
It’s possible to create a new ecology-inspired economic system with DAOs. Nature is abundant and expansionary. Diversity is the antidote to competition. The goal is community-owned surplus.
TempleDAO Governance/Roadmap update by goolag.eth
TempleDAO is reorganizing its governance/discord structure to effectively leverage the high quality community members and their talents in product development
DAOs & Communities
"Hard things about communities” - summarized by Ron
The key to life or death of an early community is "trust".
“Unpacking the D in DAO” - summarized by Ideas In A Jiffy
Decentralization is the biggest buzzword behind Metaverse in the crypto world. Is it the panacea to all of Web2's problems or the lesser of two evils? How do we build sustainable DAOs?
“Why did you kill Andre?” - summarized by Yahya
In "Why did you kill Andre?", @mattigags uses a Giradian lens to explain how @AndreCronjeTech was crowned king and sacrificed.
Getting Involved with DAOs
“How to DAO 201: Onboarding as Wayfinding” - summarized by Alexander Phan
The onboarding process of DAOs are unique. Like the 1st day of school, it takes time to understand the vibe & context.
“How to DAO from Day 1” - summarized by Yoshi
Here are some tips if you are having a hard time joining a DAO. Being part of a DAO means contributing when you want.
“How to get paid by DAOs” - summarized by @AnnRavinther
Yes, you can earn a living on your own terms! DAOs need talent & they have compensation mechanisms for value-driven work.
Web3 & Creator Economy
“Legitimacy Lost” - summarized by Geko
Platforms have been losing legitimacy with creators. If they don’t amend their ways, new applications giving ownership and agency to creators will take their place.
“The Interface Phase” - summarized by Yahya
Currently we are interacting in Web 3 using Web 2 Interfaces. In Web3 we will interact in virtual worlds through our wallets.
“The promise, pitfalls & possibilities of Web3: case study music” - summarized by @AnnRavinther
By looking at the intersection of web3 development and communities, we can learn from web3’s past and chart its future course.
“Web3 Will Be Driven By Crypto’s Networked Collaboration” - summarized by sneub.eth
Coinbase blog post about community driven behaviour, web3, and crypto.
NFTs
“The NFT Scammers Are Here” - summarized by Ideas In A Jiffy
The rapid rise of NFTs has led to an equal rise in NFT scammers. What kinds of scams are there? How do they work?
“NFTs that Think” - summarized by Learn3r
NFTs are enabling new forms of IP. Traditional patents rely on government enforcement of IP ownership, NFTs enable scaling of IP across time and space.
“Exclusible and the future of NFT Luxury” - summarized by 0xshub.eth
This year luxury brands are showing an interest in NFTs. We have seen Burberry create skins for the game Blankos, Karl Lagerfeld create figurines and Dolce & Gabbana their own collection of NFTs. LVMH and other major brands that have partnered to develop their own blockchain.
“The Coinbase Ventures Guide to NFTs” - summarized by Ideas In A Jiffy
NFTs went from $200m in sales volume in 2020 to an est. $10b in Q3 2021. Why are people like @StephenCurry30 @alexisohanian buying? What kinds of NFTs are there? What are they used for? Why are they worth so much?
“Nifty Corporates” - summarized by niharika.eth
The corporates are coming for the NFTs. Read this thread if you want to catch up on the latest business strategy and trends in a non-boring way
DeFi
"What are stablecoins? A guide to stable crypto money" - summarized by Shifty
What is a stablecoin? A type of cryptocurrency pegged to a non-volatile asset, which in most cases is a major fiat currency. Currently, nearly all stablecoins are pegged to USD.
“An Introduction to Tokemak” - summarized by goolag.eth
TOKE ensures that LPs can withdraw the same quantity of assets they've deposited without IL by rebalancing assets in such a way that net loss can only occur on a system level in any market condition.
Bitcoin
“Bitcoin and the Philosophy of Free Choice” - summarized by Yoshi
Bitcoin = freedom. Individuals have a choice to join "a network state" of collective thought, ideals, and power. The option of which state to "live" in provides individuals true freedom.
“The Pedagogy of Bitcoin” - summarized by Yahya
In "The Pedagogy of Bitcoin", Erik Cason argues that Bitcoin is a sociological revolution that'll liberate humanity from oppression of traditional structures.
“Square to Consider Building a Bitcoin Mining System” - summarized by 0xshub.eth
“Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.”
Interviews
“Forward With Crypto” (Andrew Yang) - interview summarized by frozenhustla
Andrew Yang and his @Fwd_Party the "crypto party." Believes current systems are outdated and designed to work against us, need change. Crypto potential catalyst. Wants open primaries and ranked-choice voting. Crypto is a force for progress and innovation.
“Building web3 suburbs + Remixing Culture” (Jarrod Dicker) - interview summarized by CryptoSicario
Jarrod Dicker provides insights on culture and community engagement in this interview.
Jarrod talks building the web3 suburbs, creating long-term value for communities, and remixing culture.
“DAO history lesson + building flexible DAOs” (Auryn Macmillan) - interview summarized by CryptoSicario
Auryn talks the history of DAOs (including his experience being part of The DAO), building flexible DAO architecture, the role of multisigs, and where DAOs are going.
“DAO social dynamics + mental health in the metaverse” (Cooper Turley) - interview summarized by CryptoSicario
Cooper talks social dynamics in DAOs, mixing work and play, how his role has changed in the ecosystem over the past couple of years, and mental health in the metaverse.
“Talking Crypto #70 - Jonathan Hillis” - interview summarized by demetriagiles.eth
Creator Cabins is an experiment with physical execution of DAOs via decentralized cities; a community of remote cabins for web3 workers in Texas hill country. CabinDAO aspires to be a cooperative labor market for knowledge workers.