Why start a DAO?
Jeff Bezos "I'm going to start an internet company" wife: "Great, what is the internet?"
For those who don’t know, DAO stands for decentralized autonomous organisation. Is it any different than just any democracy or classic company? Is the only difference that you prove your identity with cryptography, instead of with your passeport, and that you vote by making a digital signature instead of in an analogue way? So far the history of DAO shows that most people don’t vote more than they do in traditional democracies. Most people don’t care about most issues being discussed in parliament or in board meetings in companies in which they are a shareholder, and most people who participate in DAO don’t care about on-going issues. Most companies are already “decentralized” because shareholders are all over the world. So what is the point of a DAO. Some think it is more than just a digital spreadsheet like a google doc. They think it is a good way to manage “a common good.” I suppose like most inventions, its best use case hasn’t been discovered yet. With new inventions, people often start by using them to do what has already been done by another tool. Then they discover the best use case for the new invention is something completely different. For example a good use case for electricity is a radio, or a blender, things that didn't exist before electricity. With DAOs, people are still playing with this tool. But I have discovered these two use case from Kambria. I liked them. Kambria, is like a Git hub for AI and robotics, and I am a fan. If you contribute software to Kambria you get Kambria tokens and when you use that software you pay in Kambria tokens. Kambria tokens are also necessary for voting on projects.
Check out a recent discussion about DAO on this podcast click here, go to minute 14.11
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