🏝 Island DAO 18th newsletter - latest updates
It’s been a while.
We now live in a completely different world.
I just posted a personal blog about the latest updates and in a few places I mentioned Island DAO.
Check it out, it is very content-rich: https://medium.com/@marsrobertson/so-what-do-you-do-ba0f598af5c3
TLDR: New definition of value. New incentives.
I have edited short snippets of visionary thinkers talking about the same problem.
I have a pretty high conviction that it is a real problem that is worth solving and I have some ideas on how to accomplish it.
The island that did not happen
I still remember the loss, we were so close, what was lacking was my 100% commitment.
The debrief post explains many reasons. The most important one — my personal commitment, energy, attitude… I have just purchased a house in London and I was not ready to YOLO into the island 1000 miles away.
All the issues could have been resolved.
It was my commitment, energy, and attitude — I did not want it badly enough.
Mindset is everything.
Legal structure
I’m still tempted to give another shot at Island DAO from legal / corporate / non-profit / shares / voting / incentives / game-theory / tokenisation perspective.
This issue is almost 2 years old but the problem remains unsolved.
Now we have even more jurisdictions. Wyoming was first. Tennessee (such an inefficient spelling, double “n”, double “s”, double “e”) was second.
Not only this, but Native-American Tribes under US law can have their own commercial code, regulation-making and administrative capacities: https://catawbacorps.com/news/the-catawba-general-council-approves-digital-economic-zone-in-catawba-lands/
Which jurisdiction?
But we do not know yet where, but at some point, an island will appear.
Will they require KYC / AML?
Will they require FIAT? (like El Salvador, pay in Bitcoin)
Will we require a bank?
Will our bank provide multisig?
Will we touch the US jurisdiction? (will we need to comply with their laws)
At some point, I’ve realized I’m more interested in designing a new system, rather than prospecting and grinding the sales calls.
NOTE: I wish I had good friends to call.
Other projects in the space
Future Thinkers village (they have land)
https://www.satoshi-island.com (they have land)
https://www.thestartupisland.com (they have land)
https://cryptoland.is (they have cool video)
Recently we were contacted by @cediwaldburger who is leading islanddao.co
We are in the talks to do the merge 🙏
Didn’t hear from them in a long time.
Olumide Gbenro offered a refund on their NFTs
Long way to go: https://twitter.com/Cryptoislandinc
Cabin DAO, City DAO, Citizen DAO, FreeRoss DAO, Assange DAO, Constitution DAO… The space had such explosive growth. Spice DAO.
Loads of people commented about the copyright. Guardian and The Verge are covering it. My personal view is that intellectual property laws applicable in the US, apply in the EU, but may not apply in China, but may not apply in Russia? Or maybe they apply, but the enforcement might be non-existent?
Your laws are as good as your ability to enforce them.
I will watch the space.
Regardless of what the legal system says, not all legal things are moral, not all moral things are legal.
I really wish this movie comes to fruition, with the legalities being resolved.
Tuvalu at COP26 in Glasgow
I remember back in the day a crazy idea to 51% attack Tuvalu, citizenship by investment, dissolve the government and nation-state DAO.
This is a crazy idea, borderline believable, but having spoken with Tuvalu representatives at COP26 realized there are various cultural factors.
I’m not buying the meme of polar bears, climate change for me is about extreme weather events, unpredictable agriculture, people being hungry, social unrest, etc…
Personal updates
Once again the link: https://medium.com/@marsrobertson/so-what-do-you-do-ba0f598af5c3
Content-rich, quality content, loads of updates, mentioning Island DAO in a few places, that’s why sharing here on the newsletter.
Stay in touch
💌 Reply to this email
🐦 @IslandDAO and @marsxrobertson on Twitter
☎️ Book a call: https://calendly.com/marsxr/basex