LONDON (Bywire News) – After a two-week hiatus due to scheduling conflicts, the Chief Delegates were back once again, albeit with two delegates, Michael O’Sullivan and Gracie Lau, missing. While Michael has proxied his votes to Chuck, Gracie Lau has sent Francis from Pizza Finance to provide her update. Brock Pierce was speaking in the chair from sunny Spain, accompanied by Edgar Fernandez and Chuck MacDonald. You can see the full video here, but we’ve pulled out a few highlights for you below.
First up as always are some individual updates from the team.
Grace (aka Francis)
For one week only, the part of Gracie Lau is being played by Francis from Pizza Finance. Work, he says, is continuing on the Chinese Eden. They have made the second round of mock elections for June 12th and are training some volunteers to make sure everything works when the real election takes place.
They are also setting up a request platform, Edal, where people can release and take requests.
Right now she is trying to attract members from the EOS community and from outside. She is hosting AMAs targeting both the EOS community and other public chains telling them what is happening on EOS.
For his update, Brock starts off with a statement of his funds. Of the 811 EOS he received as a chief delegate, he has spent 195 EOS leaving 616 left over. His current balance is 1,387 EOS having received another 770 EOS.
Funds spent to date were provided in Pomelo Season two in his role as a chief delegate.
He and his team are currently working on a proposal to boost the presence of EOS at global cryptocurrency events. One of the biggest things which are lacking, he suggests, is that the EOS community is not showing up at the crypto gatherings around the world. They are gathering a list of events and potential speakers and people who might be well placed to represent EOS at them.
They are working on a proposal for the ENF for sponsorship and funding so they can have a presence.
He is working with EOS Bees about having Bee Hives set up booths at these events.
“There has been incredible developments and tremendous progress,” he says, “but we are only speaking to ourselves…. We are not talking to the rest of the cryptocurrency community. We’ve generally been forgotten about and we have to get outside our community to show the rest of the ecosystem the tremendous progress that’s been made.”
He has been meeting regularly with a community of Eden members, Advancing Eden Engagement. They are meeting every Wednesday but they will be starting a weekly event much as Fractally is doing on their Saturday calls. You’ll get an NFT for attending and an NFT based on your ranking for your contribution to Eden for that week.
On top of that, they are working on an NFT engine for Eden. One of his goals is to allow Eden members to create white lists to distribute NFTs for whatever purpose they desire.
One of his immediate goals is to create a new EOS account with the name collect.eden. Right now, the only account they are using is genesis.eden. All the NFTs they received from account creation were generated under genesis.eden. The top-level Eden name is not in their possession. He suggests it would be great if they could create accounts ending in ‘.eden’. For that, they would need permissions for the active keys for ‘Eden’.
He continues to work on Eden Delegate accounting standard, setting up a project board with tasks which need to be done.
High fidelity wireframes are up for review and they are looking for more feedback from anyone in the Eden community. He believes this could be useful not only for Eden but for anyone who would like to use the Eden process.
His company has hired five developers since the delegate election. Three will be focusing on Eden. It’s part of his plan to train, hire and build. Being able to tap into developers who have been hired and trained by Eden will be useful.
Eden Member Services Discussion
One of the key proposals in this term has been the suggestion that they create an Eden member services group. This has already been ratified but there are still discussions to be had about how it could be implemented.
As Edgar says, one of the thoughts to come out of that discussion was the need for Eden to have a legal entity to hold some of these social media accounts and assets. After following a discussion on Telegram, he suggests pushing this out to the members themselves. Drawing on the expertise of the community, they could set up their own organizations which could serve as vendors to Eden. This would avoid the need to create a legally recognized DAO for Eden.
Brock Pierce suggests a framework used by non-profits known as fiscal sponsorship. Anyone setting up a new charity can partner with a fiscal sponsor which is the legal entity which handles all the compliance. The fiscal sponsor doesn’t make decisions but facilitates the non-profit’s activity.
Chuck MacDonald came across a paper yesterday which is written by a professor of law Chris Brummer from George Town institution of international economic law about legal wrappers and DAOs. It offers legal wrappers available to DAOs and you can read the full thing for yourself here.
Edgar explains that one of Eden’s reasons for existing is to have blockchain-based oversight and common boards for an Eden Treasury. This could also be also an application which has real-world application. He would love to see boards, charities and governance bodies elected using the Eden process.
“If we get it right for us, it may be replicable for other entities that we already sit on,” he says. “We can bring this in and say this is a way we can select the board.”
Brock points out that because there’s no legal entity if someone were to have a claim against the chief delegates, they may have no legal protection. They could potentially all be sued individually in whatever jurisdiction they are in.
Chuck MacDonald talks about the Treasury account of Eden in which the owner permissions are with the block producers. They own Eden’s treasury now, but Eden could create another account which could be funded from another source. The block producers own the account that they contribute to, not Eden. The question is: do they have liability for what the chief delegates do?
Genesis.Eden Account Keys
The next topic is the ongoing issue of account keys for Genesis.Eden:
- Brock: We probably want a document about how those keys will be held by the delegates and transferred to subsequent delegates. After each election, they could transfer our keys to the next five chief delegates. Once they have that document they should share it with Fractally to have the new delegates take over the keys.
- Chuck: That document would be the bylaws they ratified. It states the new board will assume the keys.
- Edgar: Clarifies the reason that they are looking for those keys to change EdenOS code for changes such as to the funding code and to create NFTs.
- Brock: An additional reason is the 180,000 EOS connected to those keys in the treasury. There’s a formal request for that to occur. He recommends that they create a checklist which welcomes new chief delegates to their role. This would make life easier for the next chief delegates and reduce the time spent in transition.
The transition of the account keys could form part of a formal inauguration. First, they would have the election and then another ceremony in which the keys are passed over by the former chief delegates to their successors. Pierce recommends holding an event on June 15th to mirror the signing of the Magna Carta which he describes as the birth of decentralization.
Chuck points out that it coincides with his planned Eden Wednesday events. They will have people on the call anyway. They can schedule it for that.
Edgar adds that a formal ceremony like this could be extra motivation for the Fractally team to re-engage rather than having Eden just knocking on the door. It’s a ceremony providing more formality.
Eden on EOS Twitter account
Another old issue is the ongoing question of the Twitter account. They have been struggling to gain ownership permission for some time. In a lot of Eden members’ eyes, it was prudent for individual members to start initiatives up and keep ownership of them. However, it means Eden does not have any control over its own Twitter activity.
Brock suggests all they need from the account holder is an agreement saying they are holding the asset as a custodian on behalf of Eden.
Chuck suggests an electronic press kit containing documents which allow them to present to the public. This would help to communicate more effectively to the world what Eden’s purpose is. The existing mission statement is short and sweet, but it is open to interpretation. It’s a good idea to back that up with a longer description.
Brock suggests he would allocate funding for Michael O Sullivan and people on his team to put that in place.
(Writing by Tom Cropper, editing by Dan Singjoy and Klaudia Fior)