In this episode, Droste hosts a discussion with Trewkat (Miss Katrina) and Adam Miller (The Thriller) about Black Flag DAO's new membership structure and legal entity formation. The conversation, originally recorded as a Twitter Space on February 18th, covers the transition from BanklessDAO, new membership tiers, staking requirements, and upcoming events. Key topics include the special membership opportunity for former BanklessDAO members (ending March 2nd, 2025), the formation of a Marshall Islands DAO LLC, and an upcoming social gathering with Chippi fam at EthDenver!

Important Dates

- Deadline for Discounted Staking: March 2nd, 2025

- ChippiCon and BlackFlag Social at EthDenver: February 26th, 2025

Timestamps

[00:00] Show Introduction and Time-Sensitive Updates

- March 2, 2025 discounted staking deadline for existing Level 1 BanklessDAO members

[02:00] X Space intro banter and historical context with TheThriller (Adam Miller)

[06:15] Background on Transition from BanklessDAO with Trewkat (Miss Katrina)

[08:30] Staking Discount, Deadline and Rationale for returning members vs new members

[11:00] New Member Criteria and Structure Details announced in January

- Flag Curious: Entry Level Access (free)

- Flag Raiser: 500 USDC Stake + Social Consensus

- Flag Bearer: Advanced Membership Requirements + Voting Rights

[16:30] Transition mechanism through March 2 for existing L1 members

[20:00] Staking Mechanism and Pool Details

[22:30] Historical Context and Governance

[24:00] Related Community Projects and Updates

[27:00] BCard x ChippiCon

[28:30] Black Flag Initiative

[30:00] Chippi children's book on Amazon, more Chippi talk

[34:00] Legal Entity Formation with MiDAO

[39:00] Community Impact and Evolution

[41:00] Closing chatter

[42:00] Note on How to DAO book by Kevin Owocki & Puncar

[43:00] Wrap up

Links and Resources

https://x.com/BlackFlagDAO

https://warpcast.com/~/channel/blackflag

https://blackflagdao.notion.site/

https://www.chippicon.com/#

https://linktr.ee/chippinft

https://getbcard.io

https://app.banklessacademy.com/newsletter

https://warpcast.com/banklessacademy

Presentation

https://docs.google.com/presentation/d/1-2Dio4GaPW2vF8FNBFHXrS0cdOtmGk0Fy2fbu3GvKO4/edit?usp=sharing

Announcements

https://banklessdao.substack.com/p/bfd-bulletin-1

https://paragraph.xyz/@bfbulletin/black-flag-bulletin-2

Making Bank is produced independently on behalf of BlackFlag DAO

In this episode of Making Bank, host Droste leads a roundtable discussion exploring the evolving landscape of DAOs (Decentralized Autonomous Organizations), examining both successes and failures in the web3 space through the lens of organizational behavior and human coordination.

Our distinguished guests bring perspectives from academia, development, governance, and community building:

Meredith Lehman is a PhD student in organizational behavior at the University of Colorado Boulder, conducting qualitative research on DAOs as testing grounds for innovation in people-centered governance. Her work examines the changing landscape of work and organizational structures.

Sean "Aphilos" Gonzalez brings experience from physics, startups, and community building, including founding Data Community DC. His work with Lobby3 and current projects focuses on applying web3 concepts to prevent plutocracy and increase democratic participation.

Jaris James is the founder of DAO Space, a discovery engine for DAOs, and the Open Source People's Network (OSPN). As a data scientist and developer, he focuses on integrating AI tools to enhance DAO governance and community engagement.

JengaJoJo, involved in DAOs since 2021, founded DAOplomats, a professional organization working with top web3 entities. His team of five spans the globe, currently working with ENS and Shutter.

Guest Socials

Meredith Lehman:

https://www.linkedin.com/in/meredith-lehman-co/

Discord: @theredim

TG: @mlehman

Sean Gonzales aka Aphilos:

https://x.com/SeanMGonzalez

http://pharo.tech/

Jaris James:

Discord: @jarisjames

https://x.com/JarisJames

https://www.daospace.ai/

https://x.com/daospace_ai

JengaJoJo:

https://x.com/Jengajojo

https://x.com/daoplomats

Timestamps

00:48 Introductions and guest backgrounds

06:10 Overview of Meredith's research and questions related to DAOs

09:45 Jaris on multiple DAO participation and burnout

11:30 Traditional vs DAO organizational structures

15:00 JengaJoJo on smart contract driven organizations

17:30 Sean on idealized systems vs human realities

21:00 AI tools in governance

27:00 Reputation systems and attestation

41:05 Lobby3 case study discussion

47:16 Defining success in DAOs

54:39 Wrap up and future directions

Today's Host - Droste

https://x.com/EffectDrost

https://warpcast.com/droste

Making Bank is produced independently by contributors to Black Flag DAO (formerly BanklessDAO)

The content presented is strictly for information and entertainment purposes. Not financial, legal, or tax advice.

BanklessDAO is undergoing both a name change and a redefinition of purpose. Helping frame and steward this set of challenges is a six member Transition Council formed earlier this year: Hiro Kennelly, Trewkat, WinVerse, Coffee Crusher, Rowan and ZFi.

This episode seeks to encapsulate both the origin story of our organization and get you up to speed on how the organization is changing.

To help me do that, I sat down with Rowan and ZFI, two of the six members of the transition council.

ZFi has been in the crypto space since 2013 and has been active in DAOs since November 2021, when he joined Bankless DAO. His innovative problem solving and leadership in Web3 is helping shape the future of decentralized governance and strategies.

Rowan first got into crypto in 2017 and is a BanklessDAO OG, though the first few months he was mostly lurking. He found his footing in DAO Operations with Sobol and mapping bDAO, after which he held a leadership role as the Coordinator of the Operations Department for several seasons. He’s passionate about decentralized governance and individual sovereignty.

Guest Socials

ZFi: https://x.com/0xZFi

Rowan: https://x.com/rowan_n0

Links to forum discussions and timeline

Redefining Our Identity (Discourse Forum)

https://forum.bankless.community/t/redefining-our-identity/10708

Redefining Our Purpose (Discourse forum)

https://forum.bankless.community/t/redefining-our-purpose/10694/12

ReOrg Timeline (Notion, 2024 Transition Council)

https://www.notion.so/bankless/35b6ad78361045c4becdc8b8c6bea2f3?v=b178b3e3ec5f400993a50f897dabc69b&pvs=4

Genesis of BanklessDAO (Medium, May 4, 2021)

https://medium.com/bankless-dao/announcing-bankless-dao-133220f5efd8

Timestamps

01:12 Introductions

03:20 Origins of BanklessDAO

05:45 A Grant Proposal and a Branding Issue

08:15 Defining DAOs

16:45 Alignment

19:40 Snapshot Voting Changes and Rationale

24:45 tlBANK as a signal of alignment

35:30 Transition Council Activities and the ReOrg Timeline

46:50 Forum Poll Results and Forward-looking Plans

55:35 Musings on the Human Experiment

57:00 Closing Thoughts

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Today's Host - Droste

https://x.com/EffectDrost

--

Making Bank is a production of the Podcast Hatchery project at BanklessDAO. The content presented is strictly for information and entertainment purposes. Not financial, legal, or tax advice. Do your own research.

Making Bank

https://x.com/makingbankpod

BanklessDAO https://www.bankless.community/

https://x.com/banklessDAO