Seeing as how the DAO is not yet sustainable, the most DAO-aligned investment model is most compelling to me. Once we are sustainable we can decentralize our projects. We don’t have to only use one model. We can use them sequentially.
Project progression would look like this:
- Department
- SubDAO
- Separate Entity
We can either dilly dally our way to being self-sustaining or we can focus on getting there immediately. In the former, BANK will slowly bleed to 0 and we might never become self-sustaining. In the latter, we have a shot at onboarding 1B people, at making BANK more valuable, and at making something that will survive past May 2024.
If the goal is NOT to be a sustainable organization and we plan to dissolve, the value of BANK will eventually only be its “meme-ability”. Why would people hold it long-term? At that point, its fundamental value is no different than a doggy token.
The best way to impact the world is through a strong BANK token. BANK is our Schelling point. BANK is how we raise funds and deploy projects. We should drive long-term value to it, and the best way to do that is to make a sustainable organization.
In my opinion, we should hit escape velocity first and give ourselves some runway. Then we can fund more projects and begin to decentralize. But in all cases, the DAO must survive.
Projects → Revenue → Valuable BANK → More projects
TL;DR - Let’s start with the department model