Why We Need DAOs: the Shittiness of Man
This year I had the honor of presenting at the BIL conference in Vancouver, BC, a decentralized and open source alternative to TED. My topic, of course, was the blockchain revolution. Everything went very well, but there was one question from the audience that made me think: "Don't you think replacing humans is a bad idea," she said, referring to my explanation of decentralized autonomous organizations. "Wouldn't it be safer to have a person watching over it? What if there's a glitch?" "God, no," I replied, with a short explanation. "People suck." I didn't have enough time on stage to go....
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DAO: Decentralized. Autonomous. Organization.The whole phrase is a misnomer. Theyre not decentralized, not autonomous and they are not organizations, Monsterplay blockchain consultancy founder David Freuden tells Magazine.Freuden co-authored a 51-page report on DAOs in May 2020 in an attempt to help realize their potential.We need DAOs, he explains. The idea of shareholder first is only a 1980s/1990s concept. Companies became about profits, not products.He foresaw big things for DAOs and much has changed nearly two years later. By the end of 2021, DAOs had more than 1.6 million....
DAOs are either a revolutionary concept set to define the virtual, leaderless organizations of the future, or a dystopian construct fraught with existential and self-destructive challenges, depending on whom you’re talking to. Over recent months, DAOs have emerged from a niche corner of the cryptocurrency space to make mainstream headlines thanks to projects like ConstitutionDAO. […]
Can DAOs be the future of social interaction? Dapper Labs could be thinking so, as the platform has acquired startup Brud to jump-start the company’s new business unit around DAOs. The new business unit will be titled ‘Dapper Collectives,’ and will focus primarily on building out DAOs on Flow. Details were released on Dapper’s Medium […]
In a recent report, a project known as PrimeDAO is planning to launch a platform where many DAOs in the DeFi sector can meet for greater cooperation and coordination. DAOs are becoming an integral part of the crypto industry. These organizations serve many purposes such as fundraising, investments, buying NFTs, Charity,gog or Borrowing. All these […]
DAOs were meant to fix the broken democratic processes in today's society. They've come up against their own governance roadblocks.