I hear your criticisms about the DAO’s spending, but I think some of them are bit an overreaction. For projects and initiatives that are still in the early stages, going from zero to one, these harsh criticisms feel pretty premature I’d say. The Circles V2 announcement was made three months ago, and all the pieces are just now coming together. Circles is taking its strategic position as a project funded by the Gnosis Ltd that will play an important role within the Gnosis app. It’s worth remembering a few key points:
- A strategic plan for the Gnosis App has been announced. This is the app you’re talking about, and you can find the details here.
- The international expansion and market analysis you mentioned for the Eurozone are already happening for LATAM and SEA. Gnosis Pay is expanding into LATAM (it’s launched in Brazil and will be coming to Argentina, Mexico, and Colombia next), and Gnosis HQ is expanding into Southeast Asia. In my opinion, having a dual approach—expanding in Europe while also focusing on these other regions—is the smartest way to go. But overall you can clearly see the direction they are headed.
The Belgium example you brought up is about this question: Is one user who pays 10m as good as 1m users who pay 10 usd each? It’s pretty old-aged question and completely related product roadmap.
After considering all the comments you’ve mentioned, I think the real issue is that the DAO doesn’t have the necessary transparency and updates from the Gnosis Pay team regarding their strategy and plans. It’s pretty clear there’s room for improvement there. I believe we’ll have a much more productive feedback mechanism once the community is kept in the loop and can share their comments with all the right information.