@Lanzer is probably the best one to ask about this.
Is the final boss the DAO swallowing TSB? i.e. to make TSB totally user owned?
What’s the relationship with the Special Counsel… I see that Seb Borget has veto rights over SIPs, so it would be impossible to construct a SIP to remove him (or Arthur too) from the project, right?
Hey Lily!
Is there context to this? Where did the words “final boss” come from? I feel like I heard that recently but can’t remember where
Seb and Cyril have said that the very final stage of progressive decentralization is for the DAO to be run completely by community elected SandFam and that the DAO would have ownership over the Sandbox game itself. This was said at the very beginning of DAO release in May 2024 at NFC Lisbon and other interviews. I think we’re years away from achieving that goal at the rate we’re maturing as a DAO.
Special Council relationship is most likely an independent contractor to the Sandbox Foundation company. Per the Sandbox Foundation bylaws in Section 4, council members are removed through an approved SIP, or by vote of the other special council members, or by being on a sanctions list, or censure by financial securities exchange, or convicted felon, or mentally incapacitated.
I’m not sure if Arthur Madrid has a position with the Sandbox Foundation company
Hello @lilyrose!
I assume for context that your message is related your tweet here and that you are referring to the Sandbox team and not the special council. The DAO cannot remove employees or founders of The Sandbox. These are 2 different legal entities. It’s like somebody at Google voting to replace somebody at Apple. The DAO votes are not legally binding to the Sandbox. That is why for example, it is difficult to have any product feature enhancement requested by the DAO to be executed by TSB. The only way to get it done is by a careful collaboration. Voting to remove/replace people do not fall into that category.
I hope it helps!
Thanks guys. Would this situation change if the DAO eventually swallows TSB? Right now the DAO exists at the pleasure of TSB, and if TSB wants to stop funding it, I guess it is dead. And also, of course, if the management of TSB bankrupt TSB then also the DAO is dead?
I guess as a follow-up, what I’m thinking is this – a lot of people have invested a lot in SAND and Sandbox NFTs, e.g. LAND. They’re essentially shareholders with no voting rights over TSB, only the DAO, and the DAO is toothless, except to spend a few pennies TSB kindly throws in the begging cup. And the DAO is mostly spending those to try and improve TSB (e.g. by funding cool projects directly or indirectly related to it).
In a typical public company the shareholders can get mad and jump up and down if the management are doing a bad job. That isn’t possible here. I don’t know much about crypto, but maybe a bunch of the big bag holders could get together and hold the token hostage somehow to get attention??
I don’t have any skin in the game. I have 40 SAND in my wallet and no LAND, but I like the platform and wish it would succeed. It’d be a shame to see it go the way of a million other web3 projects. I’m not here to out anyone, but important players are leaving. Quietly. The guy that posted today and made noise about his exit is rare. The others don’t want to say anything in public. They just send some goodbye DMs and vanish.
Yes, it would likely change if the DAO became the dominant player in the ecosystem.
I assume it’s possible. What do you think would be their goal?
This is very, very true. Great SandFam community members are saying their goodbyes, and most aren’t doing it publicly. It’s a bummer to see. I think once reelections happen in December then we’ll see a chance in momentum with a new Council.