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I think part of the problem is that DAO (decentralized autonomous organization) is simply a poor way to describe what these new orgs are. Yes they're decentrali
by _9omd 5y ago
I think part of the problem is that DAO (decentralized autonomous organization) is simply a poor way to describe what these new orgs are. Yes they're decentralized, but they are not fully autonomous, as they still require people writing code, making proposals, voting, etc. I think a much better term is "decentralized open organization" DOO. This captures better the fact that this revolution is about a new type of human coordination, not automation, even if a lot is automated. I think it helps to frame this as a social revolution to understand the full power of it.
Advances in the ability to coordinate humans often leads to great advances in society and technology. Now where crypto is immensely useful, is that in the past a decentralized group of people would have still had to be tied to a specific nation for banking. Now with crypto, a group of people from all over the world can run a company that's fully internet native that relies on no single nation for it's banking needs. You may not see it, but to me that is a ridiculously powerful concept.