3 ms·

You are correct with borrowing, I'm not sure what that's about, happy to be enlightened by OP though. Not sure about investments, haven't done too much researc

You are correct with borrowing, I'm not sure what that's about, happy to be enlightened by OP though. Not sure about investments, haven't done too much research into the benefits of ICOs and letting more people invest. I think corporations are a good point though. If more companies became DAOs, we'd have much better checks and balances and transparency for corporations.

verdverm 8y ago
Or do DOAs become more like our current political conundrum, where it's a popularity contest full of opinionated misinformation with people who don't have the expertise or time to become sufficiently informed. With a DAG based voting proxy, there may be interesting applications within a business. Like putting support behind higher ups or something like support for RFCs. I'd expect anything applied to the wide population to be manipulated.
- legionof7 8y ago
  Yep, that's definitely a concern. There are different voting mechanisms/design systems that help deal with this. Definitely a work in progress though.
  - verdverm 8y ago
    You could totally build a DOA framework / platform without a blockchain though. (added it to the endless todo list... ;)
XMPPwocky 8y ago
> If more companies became DAOs, we'd have much better checks and balances and transparency for corporations. Why on earth would any corporation ever want to become a DAO? The transparency benefit there is roughly that a DAO must, by design, not be able to keep any secrets, since it's incapable of having nonpublic state. Similarly, the "checks and balances" benefit seems to be just "more literal enforcement of contracts". Is there a positive advantage, something doable with a DAO that's not doable with just "a court system", besides doing illegal things where you can't rely on courts (which is, at least, a valid use case)? And note, too, courts already exist, and there are plenty of folks with very exciting weapons eager to enforce their judgements. Your smart contract's bytecode may say you don't have to pay somebody, but if the sherriff's office shows up to start seizing your assets... Well!
- legionof7 8y ago
  More crowdwisdom. Also stops corporations from acting unethically. Consumers will have to start preferring DAOs over regular companies for DAOs to become mainstream unless crowdwisdom has a huge impact.

verdverm 8y ago

Or do DOAs become more like our current political conundrum, where it's a popularity contest full of opinionated misinformation with people who don't have the expertise or time to become sufficiently informed. With a DAG based voting proxy, there may be interesting applications within a business. Like putting support behind higher ups or something like support for RFCs. I'd expect anything applied to the wide population to be manipulated.

legionof7 8y ago
Yep, that's definitely a concern. There are different voting mechanisms/design systems that help deal with this. Definitely a work in progress though.
- verdverm 8y ago
  You could totally build a DOA framework / platform without a blockchain though. (added it to the endless todo list... ;)

XMPPwocky 8y ago

> If more companies became DAOs, we'd have much better checks and balances and transparency for corporations. Why on earth would any corporation ever want to become a DAO? The transparency benefit there is roughly that a DAO must, by design, not be able to keep any secrets, since it's incapable of having nonpublic state. Similarly, the "checks and balances" benefit seems to be just "more literal enforcement of contracts". Is there a positive advantage, something doable with a DAO that's not doable with just "a court system", besides doing illegal things where you can't rely on courts (which is, at least, a valid use case)? And note, too, courts already exist, and there are plenty of folks with very exciting weapons eager to enforce their judgements. Your smart contract's bytecode may say you don't have to pay somebody, but if the sherriff's office shows up to start seizing your assets... Well!

legionof7 8y ago
More crowdwisdom. Also stops corporations from acting unethically. Consumers will have to start preferring DAOs over regular companies for DAOs to become mainstream unless crowdwisdom has a huge impact.