Before I start, here are 4 declarations and/or requests:
- My attempt is to come from first principles and of radical transparency.
- I will question the basics and already established consensus.
- Questioning should be received as curiosity, willingness to contribute and feedback from outside, instead of being ignorant of the incumbent practices and constitutions.
- Absolutely nothing is directed towards any individual. That’s not how we will become the railroad of the Web3 economy.
I was preempting the responses and questions, but those are within the boundaries of the current establishment.
For the sake of this exercise, how about I challenge the esteemed stakeholders to step backwards and pretend that the current establishment doesn’t exist?
And we will just call it Pocket for now, no PNI and no PNF or DAO.
Possible rebuttal- “Oh but that’s not how we are structured, we are separate entities.”
Response- Nomenclatures and structures don’t precede fundamental questions such as:
- What problem in the world are we solving?
People, tools, systems and processes should enable the fundamental mission and the values. The former feeds the latter and not the other way round.
And that leads us to-
- Do we have a common mission and set of values?
Now let’s be granular and time-bound-
- Was 2022 a good or a bad year for Pocket, and how is it measured?
- What are Pocket’s quantitative and qualitative goals for 2023?
- What are the KPIs for quantitative goals?
2), 3), 4) and everything we do should take us at least one step (hopefully more) closer to 1). That includes any entity, org and governance we create.
Possible rebuttals- “oh this is not a corporation/firm” ; “oh this is web3”
Sure but why does it have to be either/or to find an optimal model and solution?
Such as “decentralisation” should undoubtedly be one of our core values. And if that’s the case, then supporting principles, practices and structures such as credible neutrality, token governance, DAO, related compliance and regulation, etc become inevitable.
And if that leads us to PNI developing the software and DAO (through PNF) operating the network and those having their distinct set of goals and KPIs based on their purpose of existence, so be it!
But there needs to be a confluence of mission and values as the genesis.
The rudimentary question is- isn’t every single Pocket stakeholder and entity working towards a common greater cause? If the answer is a resounding YES then we should absolutely have a common set of measurable and time bound goals.
Where is the accountability otherwise as Pocket?
And that’s how the greater world will always see us and judge us, irrespective of our internal structures and orgs.
Web3 is here to serve humanity, humanity isn’t here to serve Web3. We have to be careful to not create our own bureaucratic echo chambers, and then slide away from the realities.
Such as: vast majority of users ultimately want cheaper, faster, safer and better products/services. Will that change because of Web3?
Before I digress any further, I will stop here and patiently wait for comments from the stakeholders.