CLOSED: Proposed Radix Accountability Council (RAC)

Governance Radix Community DAO
43

I already stated and insist: no pay for no one, for this context.

I see the RAC as a short-termed mission to help install and debut the community takeover of things.

Once that’s done and the assets have been effectively passed on and the FND no longer controls anything, and we have an established, working and proven system for decision making, we should immediately find the governance model the community really wants to support (and that can include whatever) and vote it out, then implement it.

In my view, the RAC’s mission ends there and its simply dissolved with the new model taking over, whatever it may be.

If the community decides to keep it, all good, but it still needs to be a “new” process, however identical in structure and methodology. That means new ppl as well, even if they end up being the same elected ones.

Basically, new rules = new ppl.

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44

So this whole thread, to me atleast, is about those who will be in leadership roles in the new entity.

The current foundation is not going to transfer any assets to a group of people. There needs to be a legal entity. So for Administrators to be multi-signers for the disbursement of grants there needs to be an entity in the first place to receive the assets from the foundation.

1 Like
45

Personally I find the whole argument of “Select the Org first!” vs. “Establish the Facilitators first!” is like arguing for the classic “Chicken or Egg” problem.

I honestly don’t think it matters which one is done first since the basic process outlined for either one makes both of them beholden to the community and can be changed as needed.

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46

I agree that it might … but that doesn’t mean that the initial persons need to be in the roles for long.
Given I insist that this should be NO PAY, it stands to reason that, as James mentions, it’s not sustainable for a longer term.

And the RAC, as far as I imagine it to be, as facilitators (I rather use this term, much more aligned with me) can be established NOW and do whatever work is needed to ease all of it - creating the entity, bridge with FND, organize consultations and voting, etc, etc.

There will never be an entity unless a strict group of ppl enables its creation - II see the RAC as being that group, selected by the community at large.

There’s no Chicken and Egg for me, it’s clear: the RAC is the farmer :stuck_out_tongue:

Edit: Peachy’s comment popped up while I was typing.

3 Likes
47

I agree. We need to focus on survival and getting back on track before discussing paid positions.

Once Radix recovers and regains momentum, those who contribute now will likely be compensated retrospectively in some form. Early effort rarely goes unrecognized in successful projects.

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48

Self-nominating for the RAC

I have over 20 years of experience in capital markets, delivering technology for global financial institutions including exchanges, clearinghouses, custodians, (central) banks, corporates, and hedge funds. My expertise spans front office, risk, settlements, collateral, clearing, compliance, and lifecycle workflows across all major asset classes. I work with stakeholders while leading business and technical teams through design and delivery.

Despite frustrations since the Babylon release, Radix can still have an opportunity here. Institutional “manicured” pilots on other networks will likely face scaling challenges; from experience many will likely get bogged down by complexity and liquidity can move quickly. We should get ready to step in. If we can align the stack and positioning effectively, Radix has the potential to serve as the verifiable trust layer I believe institutions and agents will require for real-world adoption and scaling. Babylon gave us the foundations.

Though maybe not the most visible community member, I’ve run a validator node from betanet for several years, deep-dived into Scrypto, participated in the ICO, and attended Consensus in Austin and ECB in Barcelona to meet the team and community. I’ve contributed feedback under Alan | @RoterHund across Radix DLT Official, Radix Developer, and Reddit - raising concerns about the feasibility of Anthic, capital markets readiness of the Radix Engine, gaps in compliant privacy, and TPS narratives lacking context.

I’d be happy to facilitate community dialogue to develop a shared vision for Radix on institutional side adoption - with a product roadmap and a business development strategy to match. If the community sees value in having someone with first-hand knowledge of all the marbles Radix set out to play for, I’d be happy to serve. And if you’re in the institutional skeptic camp, I share no great love here either. This is why I’m here - open up this system. Happy to answer any questions you may have.

12 Likes
49

yes, 100% agree. Now is absolutely not the time to talk about salaries & reward. We all have bags and that should be enough for now.

I’m all in favour to them have rewards / salaries once radix has recovered enough (top 100 coins at least).

2 Likes
50

thanks for coming forward ! with your experience, do you have (or can initiate) contact with VC, institutions etc. to show off radix, get more liquidity ? Radix will need this

51

On your question, you have to imagine that over the course of these years there would be potential contacts from the following groups - ex institutional colleagues, ex fintech vendor colleagues, consultancy implementations partners. Some of these individuals now hold senior roles in digital assets (e.g. Heads of Digital Assets, C-suite), people that would be speaking at SIBOS last year for example. Do I think I can potentially reach them directly or via second-degree contacts? Yes. I see some active on Canton and others planning the L2 Ethereum route.

On the VC side, I do not mix personally in these circles. But again some of the fintechs in this space Calypso, SimCorp, Clearwater have gone through VC ownerships, the first two ended up being owned by Nasdaq and Deutsche Boerse respectively. Are these the type of VC or Private Equity we are interested in? e.g. Likes of Thoma Bravo, Bridgepoint. If so, we can potentially find a way to reach them.

To date, I have been reluctant to engage these contacts, I think what has unfolded post the Babylon Release probably justifies that stance. For people I know, there would have to be some evidence we are credible before reaching out. I would focus for now on figuring out our vision and how we would showcase Radix. I have ideas here on how to achieve this. Let’s not forget there is the possibility to show some of this in public due to the nature of the network, we can be somewhat more creative here potentially in reaching our audience. The point here is it needs to be credible and demonstrate an understanding of this segment. This is where I can potentially offer help to facilitate this.

2 Likes
52

I’d like to nominate myself for the RAC.

About me
I’ve been in Radix for about 3 years with a fully staked, completely unsold bag of XRD — after 10 years investing in crypto and reading white papers. Professionally, I’m a software engineer with 20 years of experience, including team-lead roles on search engines and backend/DevOps for highly scalable web applications serving up to ~50 million monthly users.

I’ve only recently become active in the Radix community (SaucyNoodle on Telegram). So far I’ve created the hyperscale-rs for Radix: Highlights group to summarize and share key progress on the Xi’an Rust build with the wider community. I’m actively studying the hyperscale-rs codebase and plan to start contributing soon.

I have a moderate technical understanding of how cryptocurrencies work and how different chains compare — built from following many technical discussions about Radix and others, including all of Dan’s technical interviews. I keep learning more as I dive deeper into the details and can provide informed input on high-level technical and strategic direction for the project.

Strategy
Once Xi’an is fully released, Radix will have exactly what DeFi needs: linear scalability, frictionless UX (personas, transaction manifests), cross-shard atomic composability (all-or-nothing multi-hop transactions, etc.), and high throughput + low latency — especially for complex smart-contract operations (SPS / swaps) rather than just simple token TPS.

The market still doesn’t grasp what really matters for long-term viability: genuine scale + composability + usability. Changing that perception among technical developers and users will require creative, focused marketing and education efforts — not broad hype, but clear explanations that help the more technical part of the crypto community understand Radix’s true advantages.

As an RAC member I would coordinate closely with the others to:

  • learn from past governance and spending mistakes

  • allocate resources efficiently and transparently during the transition

  • continue that same disciplined approach once the new community entity is fully running the project

10 Likes
53

Thanks for your answer, and I agree before engaging with them, we must have a clearer vision on where we want to go and what we want to achieve. But it’s good to hear that when such time arrives, we have the means within our community to activate potential relationships.

54

My previous post was deleted, but I am a candidate.

55

For clarity, your prior 2 posts were deleted for the following:

  1. They did NOT reference any information that stated you wanted to be included/self-nominated

  2. They DID include disparaging remarks against others that requested to be self nominated.

I have included the administrator logs on those removals.

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56

Is there a role marketing Radix to a huge partner/new owner?

57

What counts as votes in this RAC consultation?

Is it what is decided in the previous consultation ending Feb 4th on “eligible assets for voting” or not?

Is it determined by assets held at time of voting, at close of voting etc?

58

I think Adam wrote somewhere in main TG that the current consultation app accounts for most forms of XRD? you can ask him again maybe, but I’m sure it includes more than just free XRD and staking LSUs.

1 Like
59

I would like to put myself forward.

Why?

I have always thought Radix has huge potential to change the world.

The fundamentals are outstanding.

A Layer 1 crypto with the potential to be the most efficient way to transfer value in the world. Scalable, atomically composable, secure due to the modular, building block approach and using scrypto.

The strengths:

Even now with the Radix token as low as it has ever been and the project having to make serious cut backs and changes it has a level of belief, support and contributors which is pretty astounding.

Most projects would have given up by now.

If ever there was a project that could be a phoenix from the flames it is this.

Add in Dan’s legacy - his vision, his contribution, his exceptional ideas and wanting to do justice to that. The greatest tribute would be for Radix to succeed.

Philosophically I’m a firm believer in decentralisation. DLT is an enabling technology. At a time when everything is being centralised by authoritarian governments so they can control it, DLT gives an opportunity for choice and freedom from that. Radix (imho) being the best DLT out there…..

Governments are broke and financial repression will only increase over the coming years as governments try and solve their problems with your money.

Some of the problems with Radix….

My opinion is that Radix is technically excellent but it has a sales and awareness problem.

It is the best L1 that nobody knows about.

I believe the project has suffered are due to sales and marketing problems (awareness) and ownership / structure issues (alignment).

I think those things can be fixed by making Radix the easiest starting point for any non-crypto user to discover crypto (discovery and accessibility) and by ensuring alignment between a strong token and a strong project. Make the token succeed and you will make the project succeed.

My background:

I’m more of an IRL sales and marketing guy.

13 years experience as a BDM selling weighing equipment to the French and then another role selling lifting equipment to EMEA/APAC. Training distributors to sell our products and onboarding new distributors in new territories where we have gaps.

I’m an experienced stock market investor - 25 years or so and I hold several publicly listed crypto entities.

I wouldn’t want a salary from the RAC.

I use a powerful video tool/platform that can support Radix’s growth/awareness.

In my last company I grew sales from £2m to £4m so we got acquired by an industry leader.

And my experience with crypto:

I got involved with Radix in the 12 months prior to the ICO (Oct 8th 2020)….so around 2019.

I sent my ETH across for that, hodl’d my bags and staked it for a few years.

But I also held and got involved with plenty of other cryptos, wallets and projects over the years. Playing with liquidity pools, launchpads, staking, crypto gaming etc.

How?

I would like to put into laymans terms why people should make Radix the first crypto they get into.

I have a couple of cool domains that I could purpose that way.

I’m pretty good at documenting and mapping out paths through crypto and I believe I can make it easy for crypto noobs to find us. Make them into Radix noobs.

No pay required or wanted. I’d be happy buying bags of RDX and that is all the alignment I need.

If we get RDX back into the top100 cryptos….it will already have paid off.

And if we make that progress, then it is just the start.

Next up is top 50. Then the top 20…..and so on. Nice problem to have at that point….

So while I’m not a dev, I’m pretty technically astute (developed a few websites) and quite good at bridging the gap between the ultra-technical guys and those who literally have no idea what they are doing in crypto.

From the financial experience - I’ve got a few investor contacts and Substackers who are also pretty smart with those kinds of things.

In short, I guess I’d bring a bit of balance and a bit of experience rather than the heavy tech focus. I can create some of the IRL promotion, traditional sales/BDM work and directing new users in.

A quick question - how does the voting work? You put yourself forward here and those that do get added to the ‘consultation’ page with the RAC members?

I see there’s only 2 days left of voting. Am I in time?

What kind of time commitment expectations are there for the RAC role?

And if unsuccessful for the RAC role how about any other ways supporters / token holders can get involved in the future success of Radix?

Sorry for the long post. TL;DR….I’d like to help!

3 Likes
60

I think for the RAC consultation you’r late but I read you have great ideas and also great execution, so I think that with these ideas you’r always on time

1 Like
61

Sorry, voting is under way, so your late submission won’t be possible in this run at least.
You can, as any member of the community can, propose whatever you feel needs to be done - soon we will have the means to put that up for voting and enforce it accordingly.
Check the other discussions in here to get the gist of it.

1 Like
62

Closing out this topic

Voting has completed with the following: