decentralized-id.github.io/unsorted/web3-and-decentralized-identity/dao-decentralized-autonomous-organization.md
⧉ infominer 01ecbd3add organize
2023-06-24 04:03:59 +05:30

5.4 KiB
Raw Blame History

published
false

DAO

Fractal Protocol enables users, individuals to control who has access to their data, for which purposes, and under which conditions. It allows users to reap the just rewards for providing access to the data that fuels the ecosystem.

  • DAO migration from voting to more collaborative tools but look more like an elance platform than a government
  • Not very bizarre, Oligarchy
  • Bizarre phenomenon of producers of money not having money
  • Predictable phenomenon of tech platforms that have no market because we threw so much money at it.
  • Value-backed protocols and ambitiousness of Holo, in particular the interesting model of having an open source project owning a for-profit company
  • Moved into the idea of flows rather than objects which
  • Reputation as a form of communication

Crypto projects that use DAO:

  • DASH
  • MakerDAO / DAI
  • DxDAO
  • Cardano
  • Uniswap
  • Fraud Detection
  • Provenance
  • Privacy
  • Verifiable Credentials

We designed Sovereign Accountable Commons (SACs) in order to embed mutual accountability in apps and organizations without needing blockchains to secure the integrity of the space. Because all Holochain apps inherently hold the code underlying SACs, any platform built on Holochain has the ability to follow the principles which we lay out in this article.

The year is 1996. John Perry Barlow is about to declare, “The internet consists of transactions, relationships, and thought itself” (1.

From the vantage point of todays web, someone might argue that only the first part of Barlows statement is correct.

a16z, the famous venture capital company, is entering the DAO field through investments into DAO projects, such as the recent investments in social DAO project, FWB.

DAOs are, I think, one of the best illustrations of the problem with a lot of these Web3 projects: They are trying to find technological solutions that will somehow codify very complex social structures. A lot of them also seem to operate under the assumption that everyone is acting in good faith, and that project members interests will generally align—a baffling assumption given the amount of bad actors in the crypto space.

Definitions of “DAO” (short for Decentralized Autonomous Organization) usually start with technology, specifically blockchain. But I think that actually misses much of whats exciting about DAOs, a bit like if you were to explain why your smartphone is great by talking about semiconductor circuits. Lets try to define DAO without starting with blockchain.