Hello everyone! Welcome to the weekly Thursday Community Call Thread. We really want to engage our community to think and learn about new topics in these calls. Unfortunately not everyone gets a chance to attend the call and those that do don’t always get a chance to speak due to time constraints.
There is value in continuing the types of conversation we start in these calls. We don’t want the call to be the last time people engage with the topics addressed. We want to enrich your days with inspiration and open eyes to new concepts. These topics might be applicable to some of your works or spark a personal interest. It is our goal to facilitate new ideas and creative thinking through this thread.
Community Call Link: Public Goods Funding - SCRF Community Call
This week’s community call was a discussion about the funding of public goods… particularly how this can help improve the SCRF process. We are thinking about what models of funding public goods and web3 research can be investigated and applied here - particularly as we are transitioning to a multi-organization funded environment.
This being said, we are happy to announce that Protocol Labs will be coming on board as a funder! We are also actively working on more grant submissions as we start becoming a 501(c)(3)
The call began with an exploration of the questions found later in the post, but overall the idea is: How do we find a sustainable model for funding for a public good? There are many examples that could be drawn from, but one in particular that was discussed by Chris Bates was the Ethereum Foundation. Much of this is from the reading group and The Infinite Machine, but I will discuss some points here. They have established legal protection around Ethereum and ensured a foundation in the realm of building a framework into a public good. They did make mistakes, but they were rectified - this being necessary for the security of the project and its funders. If the developers were dealing with issues of working for free… so this begs the question Does a public good need to monetize? Are there other options?
Should a public good just be done by a person doing it for the sake of the project only or should people working for the goal be protected so that they can keep working Capital is necessary to continue work, so what is the best way to facilitate its flow?
Jonathan Starr goes on to think about Blockchains as separate from public goods, saying blockchain developers in fact do not work for free. Contribution to the network is done with the expectation that you will have a stake and the network will evolve to host more products. This creates value for everyone.
In SCRF we can think about networks we partner with - but do we need tokenization to reap the benefits of developing networks?
How do we keep values aligned with SCRF while achieving funding this way? Does this create a conflict of interest?
We need to look at networks as goods, that when we help then, we help ourselves as well.
So does this push us on a path of mining/staking? Do we need to partner with other groups to use their tokens? Tokenization is pretty controversial, so what are your thoughts on this?
Does an open source network offer any benefits over a specific group of project?
We must be sure that any funders do not received biased content from SCRF, but it becomes more complex as we acquire more. What do we do at the point where we get paid in a token instead of a stable? How do we make it seem as if we are not biased towards these tokens? Is it a good idea to hold tokens of the networks we support?
This is a lot to think about, but I leave you with…
- Should public goods be revenue generating?
- Are there any opinions on our intersection of activity and the above view?
- What are some places that are doing a good job involving funding public goods? Are there any sustainable models?
- Do we think our potential future model will be longer term commitment or grant based? Which is more sustainable?
- How do we use technology to make something that doesn’t need trust but can be sustainable
- If we show our funders, do we show who they are? Does this make it seem like advertising?
- How do we assess potential funders?
If any of these spark your interest or you have other questions / thoughts, please discuss below!