Profile of alexsotodigital in Optimism

Posts by alexsotodigital

• Season 6: Intents Ratification by alexsotodigital - No Role
  Posted on: Nov. 6, 2024, 10:46 a.m.
  Content: Hey. :slight_smile: Here are the results of the ‘collective input’ exercise we conducted at the Joint House Community Call yesterday. The intention is to nourish the reflection and design process that the OP foundation @system will take to define the intents for season 7 . 1794 × 1114 163 KB 1822 × 712 51 . 6 KB 1792 × 940 87 . 8 KB This was an initiative by the govNERDs contribution path, knowing (of course) that the OP Foundation and the Collective Feedback Commission will have other (more formal) spaces during the reflection period. We hope this brings some value. If anyone else would like to add their anonymous input, they can do so via this link (between now and November 20 , that is the end of season 6 ).You can also see the updated results at this link.
  Likes: 2 Replies: 0
  Likers: joanbp, Pumbi
  No replies yet.
• Retro Funding 6: Badgeholder Manual by alexsotodigital - No Role
  Posted on: Nov. 5, 2024, 2:54 p.m.
  Content: I’d like to ask the @system (or @optimistic_emily, who I understand is leading part of this effort) if you could clarify the current status of badge distribution. :medal_military: That is, How many badgeholders are there currently? How many badgeholders are expected to participate in S 7 ? What is the growth trend? Will the invitation to become a badgeholder continue to be from those who are already part of it? I understand that the experiments that are being done this season (with guests and experts participating in the Retro Funding) will probably result in some of these answers; but I wanted to ask if there is public information that I simply don’t know about. :nerd_face:
  Likes: 4 Replies: 0
  Likers: Megalod, joanbp, dmars300, pfedprog
  No replies yet.
• Revenue Opportunities for the Optimism Collective by alexsotodigital - No Role
  Posted on: Oct. 29, 2024, 5:45 p.m.
  Content: Hi @kj 5 hp, Sorry, do you mean exploring other business models beyond the sequencer fee? In that case, not really. Or at least not other 'on-chain model’beyond falling back on what @GFXlabs mentioned in the original post (Accelerated Decentralization Proposal For Optimism): Accelerated Decentralization Proposal For Optimism OP Bridge currently holds several billion dollars in assets that could be deployed across Ethereum mainnet to generate revenue for Optimism governance. Utilizing bridge assets is being made common by other chains, most notably Blast, Mantle, and Gnosis, with Polygon looking like it will follow suit To be honest, rather than me having the answer, I’m hoping to gather people who can find it. :upside_down_face:
  Likes: 0 Replies: 0
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• Revenue Opportunities for the Optimism Collective by alexsotodigital - No Role
  Posted on: Oct. 16, 2024, 7:36 p.m.
  Content: Update October 16 . After receiving feedback, I realize that the result of this (collective brainstorming) process should be understood as input for the Foundation to define the next steps, in accordance with the working constitution and the path to open metagov. I also want to highlight that while I use the term ‘proposal’ in this post, I’m doing so in the context of Sociocracy (specifically, its model of ‘Collective Proposal Creation’). I now see how that could cause confusion, as it doesn’t qualify as a valid proposal type under the operating manual. In other words, my goal with this is to collectively generate valuable ideas while respecting the current governance processes and Optimism’s existing value proposition.
  Likes: 2 Replies: 0
  Likers: Thequimera, Gonna.eth
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• Revenue Opportunities for the Optimism Collective by alexsotodigital - No Role
  Posted on: Oct. 16, 2024, 7:36 p.m.
  Content: Update October 16 . After receiving feedback, I realize that the result of this (collective brainstorming) process should be understood as input for the Foundation to define the next steps, in accordance with the working constitution and the path to open metagov 1 . I also want to highlight that while I use the term ‘proposal’ in this post, I’m doing so in the context of Sociocracy (specifically, its model of ‘Collective Proposal Creation’). I now see how that could cause confusion, as it doesn’t qualify as a valid proposal type under the operating manual. In other words, my goal with this is to collectively generate valuable ideas while respecting the current governance processes and Optimism’s existing value proposition.
  Likes: 2 Replies: 0
  Likers: Thequimera, Gonna.eth
  No replies yet.
• Superchain Product Vision by alexsotodigital - No Role
  Posted on: Oct. 13, 2024, 11:39 p.m.
  Content: Hi! :slight_smile: Excited to see this kind of vision-centered communication, something so important for creating alignment and often overlooked. As a product vision, I find the perspective presented super interesting and appealing. Although I confess that at times I don’t fully grasp the specifics of what is being described. Am I alone on that? And BTW, to address this comment… GFXlabs: Superchain – once increasing levels of interoperability are implemented – is a good product design. But we would like to see more thought into the business design since this has to be financially sustainable. I want to thank @GFXlabs for not letting go of the thread and for asking the necessary questions. But I agree that this post was a product vision rather than a business strategy… so I’d like to point out that I’ve started a new thread to collectively address the big outstanding question around the business model. :dizzy: I also want to acknowledge the OP foundation @system for keeping communication open and clarifying the source vision. :cyclone: I celebrate that governance is being highlighted. :sparkler: As a wannabe-govNERD, it seems to me (:nerd_face:) that ‘governance’ is becoming our biggest value proposition to such an extent that the ‘business model’ thing could precisely be solved by offering our built capacities to other organizations as a form of consultancy, providing ‘governance-as-a-service’. It could range from ensuring the safety of user funds (and all the technical implications in protocol updates) to facilitating feedback sessions and agreement building (understanding that governance is also present throughout that entire process). While it may not be the solution we dream of, since it isn’t automatable or a ‘passive income’, It’s a model with potential, especially if we think about the DAO-ification that organizations of the future will undergo. Moreover, it is based on person-to-person work (which can be a positive in a world full of AIs). As the pillar of pragmatism says, “sometimes, the best solution isn’t the prettiest one.”
  Likes: 7 Replies: 1
  Likers: joanbp, upperdeck, LuukDAO, Capt_Mal, cap, pfedprog, Bashir
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  • pfedprog: I am also curious what is the cost of starting a new chain and whether the economics even with a grant make sense. I am not sure that the new chain contributes to the governance as a model part. In particular, Base chain is highly centralised but as of moment brings the most trading volume. ~$140k in mainnet tx fees x.com donnoh.eth ? in CM ?? @donnoh_eth in the last 3 months, @base only paid $0.0041 in total to publish the data of ~400 *million* transactions onchain. or in other words, $0.00000000001 per tx on avg pic.x.com/lPHNICPNpm 10:00 AM - 16 Oct 2024 130 6 x.com Yano ? @JasonYanowitz The cost of launching a chain should decrease 90% in the next 5 years I've never built an L2 so I don't actually know the real costs but I'd guess it breaks down something like this: - $250k - $1.5m for an explorer - $1-2m for native issuance - $500k - $2m per tier one… x.com/i/web/status/1… 3:27 PM - 17 Oct 2024 450 33
• Superchain Product Vision by alexsotodigital - No Role
  Posted on: Oct. 13, 2024, 11:39 p.m.
  Content: Hi! :slight_smile: Excited to see this kind of vision-centered communication, something so important for creating alignment and often overlooked. As a product vision, I find the perspective presented super interesting and appealing. Although I confess that at times I don’t fully grasp the specifics of what is being described. Am I alone on that? And BTW, to address this comment… GFXlabs: Superchain – once increasing levels of interoperability are implemented – is a good product design. But we would like to see more thought into the business design since this has to be financially sustainable. I want to thank @GFXlabs for not letting go of the thread and for asking the necessary questions. But I agree that this post was a product vision rather than a business strategy… so I’d like to point out that I’ve started a new thread 5 to collectively address the big outstanding question around the business model. :dizzy: I also want to acknowledge the OP foundation @system for keeping communication open and clarifying the source vision. :cyclone: I celebrate that governance is being highlighted. :sparkler: As a wannabe-govNERD, it seems to me (:nerd_face:) that ‘governance’ is becoming our biggest value proposition to such an extent that the ‘business model’ thing could precisely be solved by offering our built capacities to other organizations as a form of consultancy, providing ‘governance-as-a-service’. It could range from ensuring the safety of user funds (and all the technical implications in protocol updates) to facilitating feedback sessions and agreement building (understanding that governance is also present throughout that entire process). While it may not be the solution we dream of, since it isn’t automatable or a ‘passive income’, It’s a model with potential, especially if we think about the DAO-ification that organizations of the future will undergo. Moreover, it is based on person-to-person work (which can be a positive in a world full of AIs). As the pillar of pragmatism says, “sometimes, the best solution isn’t the prettiest one.”
  Likes: 7 Replies: 1
  Likers: joanbp, upperdeck, LuukDAO, Capt_Mal, cap, pfedprog, Bashir
  Replies:

  • pfedprog: I am also curious what is the cost of starting a new chain and whether the economics even with a grant make sense. I am not sure that the new chain contributes to the governance as a model part. In particular, Base chain is highly centralised but as of moment brings the most trading volume. ~$140k in mainnet tx fees x.com donnoh.eth ? in CM ?? @donnoh_eth in the last 3 months, @base only paid $0.0041 in total to publish the data of ~400 *million* transactions onchain. or in other words, $0.00000000001 per tx on avg pic.x.com/lPHNICPNpm 10:00 AM - 16 Oct 2024 130 6 x.com Yano ? @JasonYanowitz The cost of launching a chain should decrease 90% in the next 5 years I've never built an L2 so I don't actually know the real costs but I'd guess it breaks down something like this: - $250k - $1.5m for an explorer - $1-2m for native issuance - $500k - $2m per tier one… x.com/i/web/status/1… 3:27 PM - 17 Oct 2024 450 33
• Accelerated Decentralization Proposal For Optimism by alexsotodigital - No Role
  Posted on: Oct. 13, 2024, 7:58 p.m.
  Content: Hi! :slight_smile: After reading this thread, I realize that concrete actions are already being taken to follow up on the various proposals that have been presented. Wanting to avoid repeating what more capable people have already expressed, I’ll set the topic of ‘decentralization’ aside; understanding that we are all aligned with the intention, and it’s just the details of the implementation that differ. ACC: The ACC members discussed with Foundation that there are concrete proposals for decentralization coming up in the next few Voting Cycles and gradually but surely, more control is being ceded to governance in a progressive manner. To this effect, the Petition for Accelerated Decentralization felt like a timing issue while we are all on the same path towards decentralization. And yet, I believe this conversation has highlighted a different topic: revenue opportunities for the Collective, beyond sequencing revenues. SEEDGov: The discussion on revenue opportunities for the Collective, beyond sequencing revenues (which remain unresolved), warrants deeper analysis considering the design of Superchain. Especially if we consider that the trend is for that revenue source to decrease over time. AnthiasLabs: The value proposition of the Superchain may be correct, but we, along with other delegates, continue to maintain the thesis that sequencer fees are going to 0 . And I believe that coming up with possible solutions is a responsibility of the collective rather than the foundation. GFXlabs: We view the Foundation and Labs as parents to governance. Just as there is sometimes tension when a child has grown up, and the parents need time to adjust to the new dynamic, we understand it can be difficult to let go of the reins. In other words, if we continue with the analogy of parenthood, I’d say we need to demonstrate our maturity and capability by taking proactive steps in this matter, rather than waiting for someone else to solve it in the future. What do we do about it? For the sake of order, I suggest opening a new thread to focus on ‘revenue opportunities’ without diverting this one from its initial focus (which is the pace at which we should decentralize operations). I’m not aware if there are other conversations about this, but at least it wasn’t evident to me when searching the forum. I leave this post here 2 , inviting anyone who wants to participate in a 'Collective Proposal Creation’ to brainstorm and synthesize some paths to address this concern. :sparkles: I hope my suggestion is appropriate. Thank you in advance for your comments in the thread. :pray:
  Likes: 5 Replies: 0
  Likers: joanbp, chaselb, ccerv1, web3magnetic, kumahada
  No replies yet.
• Revenue Opportunities for the Optimism Collective by alexsotodigital - No Role
  Posted on: Oct. 13, 2024, 7:54 p.m.
  Content: The post “Accelerated Decentralization Proposal For Optimism 6 ” sparked a fruitful conversation that helped highlight an unresolved tension: several delegates maintain the thesis that sequencer fees are going to 0 . Considering that Optimism’s revenues are tied to sequencer revenues, exploring alternative ways to generate income (contributing to the sustainability of the collective and its programs) is highly strategic. Accelerated Decentralization Proposal For Optimism The value proposition of the Superchain may be correct, but we, along with other delegates, continue to maintain the thesis that sequencer fees are going to 0 . While there is no ‘immediate urgency’ to achieve this, I believe it would be beneficial to start a deeper conversation on this topic to tap into the collective intelligence. To give structure to the process, I propose using the first two steps suggested by the ‘collective proposal creation’ described in the sociocratic model 2 . I like this framework because it emphasizes the importance of understanding the problem and defining ‘the rules of the game’ before jumping into suggesting solutions in a creative brainstorming process. Collective Proposal Creation: Step 1 – Understanding the Issue: First, a moment where we focus on grasping the context before diving into solutions. The intention is to create a list of ‘dimensions’ that the proposal should include or take into consideration to address the underlying needs and ensure it is sustainable over time. Step 2 – Explore Ideas: A moment to aspire to collective creativity, widening the scope of ideas. Step 2 a – Picture forming (dimensions): It is confirmed that there is shared understanding and acceptance of the ‘list of dimensions’ to consider, ensuring that all elements are compatible with each other. Step 2 b – Gathering proposal ideas: A brainstorming session is invited, which can occur synchronously or asynchronously. Here, ideas may oppose each other. The goal is quantity over quality. Ideally, we all chip in with ideas. Step 2 c – Synthesize: A smaller group of participants (whether representatives of stakeholders or leaders in the process) are invited to create a “Frankenstein” that integrates the best of all ideas in a way that addresses the entire (or a good portion of the) list of dimensions. The result of this synthesis could be seen as a valuable input for the OP Foundation to create a proposal based on it, as suggested in the current phase of ‘The Path to Open Metagovernance 1 ’. List of dimensions: Therefore, the first step would be to agree (both the Foundation and Labs, as well as other relevant voices from the collective) on the list of questions/dimensions that any successful proposal (for a revenue model) must address. In other words, what elements it should include and what limitations exist. Some examples of things to consider. The proposed model should: Be executable even if the sequencer fees go to 0 . Respect the Working Constitution and the guiding principles of the Law of Chains. Be compatible with the protection of user rights and the security of funds from a technical perspective. Operate under a four-pillar design philosophy of simplicity, pragmatism, sustainability, and optimism. Contribute to scale Ethereum technology and values & build an internet that benefits all, and is owned by all. Do you have any additional considerations that I haven’t mentioned? What is the frame of reference that we cannot forget? What prior agreements should not be modified? cc. @GFXlabs @Gonna.eth @MattL @AnthiasLabs @ccerv 1 @SEEDGov @LuukDAO @system In conclusion, I hope you see this as an invitation to delve deeper into this conversation in a structured manner, with the confidence that we can continue to innovate in how we add value to the ecosystem sustainably over time. If there is a previous thread or a better channel for this, I apologize for my ignorance. I remain attentive and at your disposal.
  Likes: 12 Replies: 0
  Likers: ccerv1, JashFi, joanbp, cap, LuukDAO, dmars300, LXDAO, kumahada, pfedprog, Megalod, Thequimera, awstian
  No replies yet.
• Revenue Opportunities for the Optimism Collective by alexsotodigital - No Role
  Posted on: Oct. 13, 2024, 7:54 p.m.
  Content: The post “Accelerated Decentralization Proposal For Optimism” sparked a fruitful conversation that helped highlight an unresolved tension: several delegates maintain the thesis that sequencer fees are going to 0 . Considering that Optimism’s revenues are tied to sequencer revenues, exploring alternative ways to generate income (contributing to the sustainability of the collective and its programs) is highly strategic. Accelerated Decentralization Proposal For Optimism The value proposition of the Superchain may be correct, but we, along with other delegates, continue to maintain the thesis that sequencer fees are going to 0 . While there is no ‘immediate urgency’ to achieve this, I believe it would be beneficial to start a deeper conversation on this topic to tap into the collective intelligence. To give structure to the process, I propose using the first two steps suggested by the ‘collective proposal creation’ described in the sociocratic model. I like this framework because it emphasizes the importance of understanding the problem and defining ‘the rules of the game’ before jumping into suggesting solutions in a creative brainstorming process. Collective Proposal Creation: Step 1 – Understanding the Issue: First, a moment where we focus on grasping the context before diving into solutions. The intention is to create a list of ‘dimensions’ that the proposal should include or take into consideration to address the underlying needs and ensure it is sustainable over time. Step 2 – Explore Ideas: A moment to aspire to collective creativity, widening the scope of ideas. Step 2 a – Picture forming (dimensions): It is confirmed that there is shared understanding and acceptance of the ‘list of dimensions’ to consider, ensuring that all elements are compatible with each other. Step 2 b – Gathering proposal ideas: A brainstorming session is invited, which can occur synchronously or asynchronously. Here, ideas may oppose each other. The goal is quantity over quality. Ideally, we all chip in with ideas. Step 2 c – Synthesize: A smaller group of participants (whether representatives of stakeholders or leaders in the process) are invited to create a “Frankenstein” that integrates the best of all ideas in a way that addresses the entire (or a good portion of the) list of dimensions. The result of this synthesis could be seen as a valuable input for the OP Foundation to create a proposal based on it, as suggested in the current phase of ‘The Path to Open Metagovernance’. List of dimensions: Therefore, the first step would be to agree (both the Foundation and Labs, as well as other relevant voices from the collective) on the list of questions/dimensions that any successful proposal (for a revenue model) must address. In other words, what elements it should include and what limitations exist. Some examples of things to consider. The proposed model should: Be executable even if the sequencer fees go to 0 . Respect the Working Constitution and the guiding principles of the Law of Chains. Be compatible with the protection of user rights and the security of funds from a technical perspective. Operate under a four-pillar design philosophy of simplicity, pragmatism, sustainability, and optimism. Contribute to scale Ethereum technology and values & build an internet that benefits all, and is owned by all. Do you have any additional considerations that I haven’t mentioned? What is the frame of reference that we cannot forget? What prior agreements should not be modified? cc. @GFXlabs @Gonna.eth @MattL @AnthiasLabs @ccerv 1 @SEEDGov @LuukDAO @system In conclusion, I hope you see this as an invitation to delve deeper into this conversation in a structured manner, with the confidence that we can continue to innovate in how we add value to the ecosystem sustainably over time. If there is a previous thread or a better channel for this, I apologize for my ignorance. I remain attentive and at your disposal.
  Likes: 12 Replies: 0
  Likers: ccerv1, JashFi, joanbp, cap, LuukDAO, dmars300, LXDAO, kumahada, pfedprog, Megalod, Thequimera, awstian
  No replies yet.