A few months back, at the annual Berkshire Hathaway shareholders meeting, Warren Buffet and his deputy Charlie Munger addressed the topic of crypto market valuation at USD 2 trillion that time. Warren Buffet’s apathy towards cryptocurrency is well-known and he has blasted Bitcoin many times earlier but Munger had an interesting opinion. “I hate the Bitcoin success … I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization”, he said. Cryptocurrency is often hard to grasp as the underlying technology makes it very alien to traditional investors.
The higher amount of involvement of people in DAO ecosystems mean the more of the chains between centralization and decentralization unwinds. Therefore, everyone should seek opportunities instead of listening the successful people in 'traditional' monetary systems, cause as it's seen above rather than being innovative most of them tend to stay in conventional type of thinking. Possibly these people will be out-classed in upcoming future, because if can't keep up with change it definitely will not keep up with you.
Promises of DAOs are the stuff we can never see in such traditional and current monetary systems, this even itself outlines why crypto currencies and decentralization is the key point in our freedom and future.
Thanks for the article, plus introducing some of the DAOs.
What I love about DAOs is that they allow people to share their funds with anyone in the world. This can be an investment, donation, fundraising, borrowing, etc., without mediation. shapes can be made.
The DAO has managed to be the most successful crowdfunding campaign and has raised over $150 million, which I think has increased the trust and interest in DAOs.
Undeniably, the concept of DAOs is extremely exciting, because I can see them aiming to solve everything that is wrong with how organizations run today. A perfectly structured DAO gives every investor the opportunity to shape the organization. There is no hierarchical structure, which means that every innovation idea can be put forward by anyone and taken into account by the entire organization, which is great. There is a set of written rules that every investor is aware of before joining the organization, and the voting system leaves no room for discussion, which eliminates many problems.
Moreover, since it requires an investor to spend a certain amount of money both to make a proposal and to make a vote, it forces them to evaluate their decisions and not waste time on ineffective solutions, and definite ideas emerge. Finally, DAOs are completely transparent, as all the rules, as well as every single financial transaction, are recorded on the Blockchain for anyone to review. Everyone involved decides how the funds will be spent and can watch how these funds are spent, which I think is one of the most important things today.
Difference is always good. People get used to things very hard. But it's hard to change when he gets used to it.
Crypto is still young. It may be a Big 12 years for us, but it's early for the world. The growing number of users over time tells of its dominance in the coming time.
Interestingly, it turned out that a lot of people who scribbled bitcoins owned bitcoins. I really don't know what's in their head. In time, everything will be fine.
A construction does not finish in 1 day. We want to build the largest tower in the world. We have to make the foundation strong.
I find the DAO very successful. In time, everything will be fine.
I just don't understand why Warren Buffet didn't buy crypto. Maybe the number one man in the world when it comes to investment, but against crypto. It is really interesting.
DAOs are internet-based organizations that are collectively owned and managed by their members. They have built-in treasures that can only be accessed with the approval of their members. Decisions are made through proposals that the group votes on within a specified period of time.
DAOs have several advantages over traditional organizations. A key advantage of DAOs is the lack of trust needed between the two parties. While a traditional organization with DAOs requires a lot of trust in the people behind it - especially on the part of the investors - only the code needs to be trustworthy.
I think crypto is both very easy and very difficult to detect.
It's easy to understand if you're not biased and think wisely. You'll also notice its many advantages.
But if you only see a negative side and look for problems rather than finding solutions, you will be deprived of this technology.
Also they are afraid. Need not to be afraid. Not a thing to be feared. We need to live with him. We don't have to hold it with our hands for something to be valuable.
Even the concept of the DAO is exceedingly exciting, as it strives to solve everything wrong with modern organizations. A perfectly designed DAO provides all investors with the opportunity to shape the organization. There is no hierarchical structure, so any innovative idea can be put forward by anyone and the views of the whole organization are taken.
Moreover, since both proposing and voting costs the investor a certain amount of money, it forces them to reconsider their decisions rather than waste time on useless solutions.
The investments and support given to the DAO is very important. Thank you for the article.
I don't know how right it is to discuss the compatibility of cryptocurrencies with civilization. Are we discussing the compatibility of autonomous vehicles with civilization? No. Or a brand new technology that has just entered our lives? No. New technologies are entering our lives every day. I don't think it's right to associate these with culture and belief in a direct and sudden way. Because culture can change. Unaccepted norms can be accepted over time.
DAOs are certainly successful and will continue to be so. The support and investments of VC firms explains everything anyway.
Grate article, Every day we come across different investment purposes and these are wonderful things that make people's lives easier, thank you for sharing them with us.
They say the best way to change a system that is no longer working is to create a better one. DAOs have already proven to be more efficient than traditional organisations and the true democratization, transparency and cost-effectiveness of DAOs gives an edge over traditional forms of corporate governance.
DAOs are essential to cryptocurrency projects and how they are managed because they represent a corporate form of the core concept of decentralization.
While the technical side of DAOs creates a barrier against adoption by traditional businesses, I believe they will eventually realize the advantages. The Buffets and Mungers will have to either get with it or get left behind.
It is the future of corporate organisations and group ownership.
We can briefly define DAO as an open-source blockchain protocol that is governed by rules set by a group of people who come together for a common task and automatically implements the actions required by these rules without the need for any intermediaries.
The DAO is at a point where it could revolutionize the management of the contributed platform and the democratization of profits from it. I think the importance of DAO will continue to increase exponentially.
The higher amount of involvement of people in DAO ecosystems mean the more of the chains between centralization and decentralization unwinds. Therefore, everyone should seek opportunities instead of listening the successful people in 'traditional' monetary systems, cause as it's seen above rather than being innovative most of them tend to stay in conventional type of thinking. Possibly these people will be out-classed in upcoming future, because if can't keep up with change it definitely will not keep up with you.
Promises of DAOs are the stuff we can never see in such traditional and current monetary systems, this even itself outlines why crypto currencies and decentralization is the key point in our freedom and future.
Thanks for the article, plus introducing some of the DAOs.
As one of the focal points of decentralization, DAOs are like a much better organized set of transactions.
The conveniences and advantages that DAOs provide in blockchain are many.
What I love about DAOs is that they allow people to share their funds with anyone in the world. This can be an investment, donation, fundraising, borrowing, etc., without mediation. shapes can be made.
The DAO has managed to be the most successful crowdfunding campaign and has raised over $150 million, which I think has increased the trust and interest in DAOs.
Undeniably, the concept of DAOs is extremely exciting, because I can see them aiming to solve everything that is wrong with how organizations run today. A perfectly structured DAO gives every investor the opportunity to shape the organization. There is no hierarchical structure, which means that every innovation idea can be put forward by anyone and taken into account by the entire organization, which is great. There is a set of written rules that every investor is aware of before joining the organization, and the voting system leaves no room for discussion, which eliminates many problems.
Moreover, since it requires an investor to spend a certain amount of money both to make a proposal and to make a vote, it forces them to evaluate their decisions and not waste time on ineffective solutions, and definite ideas emerge. Finally, DAOs are completely transparent, as all the rules, as well as every single financial transaction, are recorded on the Blockchain for anyone to review. Everyone involved decides how the funds will be spent and can watch how these funds are spent, which I think is one of the most important things today.
Thanks for the article.
DAOs are way ahead and functional than traditional mutual funds.
And at the same time, the investments of VC firms in DAO projects can be a guarantee that they will do well in the future.
It has already caught the attention of many investors in the crypto market even now.
He started a trend towards projects. We are just at the beginning.
Thanks for the article.
This is an interesting way to invest. Thanks for the info
Difference is always good. People get used to things very hard. But it's hard to change when he gets used to it.
Crypto is still young. It may be a Big 12 years for us, but it's early for the world. The growing number of users over time tells of its dominance in the coming time.
Interestingly, it turned out that a lot of people who scribbled bitcoins owned bitcoins. I really don't know what's in their head. In time, everything will be fine.
A construction does not finish in 1 day. We want to build the largest tower in the world. We have to make the foundation strong.
I find the DAO very successful. In time, everything will be fine.
Thanks for the article.
Have a nice day.
I don't understand why bitcoin would be a threat to civilization.
If bitcoin were to be a threat to anything, it would be a threat to the rotten and distorted centralized economic system itself.
As you refer to it, a "cooperative economy" is precisely the goal of the crypto ecosystem.
a more grassroots, participatory, decentralized, democratic voting system.
sounds great.
Isn't it better than an economy of rent and interest, a demand decided by a few people?
Yield Guild Games (YGG) seems like a great venture.
I don't know anything about this.
I visited their site and linked my wallet.
bad surprise i think i have to pay some eth fee to get in.
I couldn't do this right now.
I will try again later.
Things did not go well in LAO, I think there is a problem with the site.
DAO offers a great solution as a next generation management format.
I think the future will be built on DAOs.
Thank you for your great article.
I just don't understand why Warren Buffet didn't buy crypto. Maybe the number one man in the world when it comes to investment, but against crypto. It is really interesting.
DAOs are internet-based organizations that are collectively owned and managed by their members. They have built-in treasures that can only be accessed with the approval of their members. Decisions are made through proposals that the group votes on within a specified period of time.
DAOs have several advantages over traditional organizations. A key advantage of DAOs is the lack of trust needed between the two parties. While a traditional organization with DAOs requires a lot of trust in the people behind it - especially on the part of the investors - only the code needs to be trustworthy.
I think crypto is both very easy and very difficult to detect.
It's easy to understand if you're not biased and think wisely. You'll also notice its many advantages.
But if you only see a negative side and look for problems rather than finding solutions, you will be deprived of this technology.
Also they are afraid. Need not to be afraid. Not a thing to be feared. We need to live with him. We don't have to hold it with our hands for something to be valuable.
Thanks for the nice post.
Even the concept of the DAO is exceedingly exciting, as it strives to solve everything wrong with modern organizations. A perfectly designed DAO provides all investors with the opportunity to shape the organization. There is no hierarchical structure, so any innovative idea can be put forward by anyone and the views of the whole organization are taken.
Moreover, since both proposing and voting costs the investor a certain amount of money, it forces them to reconsider their decisions rather than waste time on useless solutions.
The investments and support given to the DAO is very important. Thank you for the article.
I don't know how right it is to discuss the compatibility of cryptocurrencies with civilization. Are we discussing the compatibility of autonomous vehicles with civilization? No. Or a brand new technology that has just entered our lives? No. New technologies are entering our lives every day. I don't think it's right to associate these with culture and belief in a direct and sudden way. Because culture can change. Unaccepted norms can be accepted over time.
DAOs are certainly successful and will continue to be so. The support and investments of VC firms explains everything anyway.
Thanks for the information and article!
Grate article, Every day we come across different investment purposes and these are wonderful things that make people's lives easier, thank you for sharing them with us.
Thanks Paragism, another great one!
They say the best way to change a system that is no longer working is to create a better one. DAOs have already proven to be more efficient than traditional organisations and the true democratization, transparency and cost-effectiveness of DAOs gives an edge over traditional forms of corporate governance.
DAOs are essential to cryptocurrency projects and how they are managed because they represent a corporate form of the core concept of decentralization.
While the technical side of DAOs creates a barrier against adoption by traditional businesses, I believe they will eventually realize the advantages. The Buffets and Mungers will have to either get with it or get left behind.
It is the future of corporate organisations and group ownership.
I don't think many people are known to this
Thanks for sharing this with us
Amazing Article Paragism 🙌
We can briefly define DAO as an open-source blockchain protocol that is governed by rules set by a group of people who come together for a common task and automatically implements the actions required by these rules without the need for any intermediaries.
The DAO is at a point where it could revolutionize the management of the contributed platform and the democratization of profits from it. I think the importance of DAO will continue to increase exponentially.