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DAOs are what crowdfunding platforms should have been. Kickstarter and what not ended up being all the risk and none of the upside if the idea actually got trac
by a1371 5y ago
DAOs are what crowdfunding platforms should have been. Kickstarter and what not ended up being all the risk and none of the upside if the idea actually got traction. One can argue, this DAO was neither Decentralized nor Autonomous; what it did right was giving people a sense of ownership. We tend to focus on the costs and weaknesses of DAOs, but hardly any non-crypto services operate on "we let you hedge some money on a random idea". Turned out if you let people play, they play.