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Etta Tottie's avatar

DAOs are a great way to democratise an organisation by sharing voting rights among the community. When choosing a DAO for your community it’s important to consider which blockchain to use and the culture of your community.

If it costs over $50 in gas fees to vote for a proposal on an Ethereum DAO, many people will not participate in voting. Then only the more wealthy members end up voting and influencing decisions.

For this reason I chose the Colony DAO on the xDAI blockchain for WOCA as voting only costs cents.

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Husnu Coban's avatar

It's a globalizing world. Everything is accelerating. A plague that used to happen most of the time didn't come out of the area. Now a covid outbreak has taken weeks to spread all over the world.

Everything has been technological and out of touch since I was a kid. This epidemic has also accelerated much more. Internet shopping credit cards. New records came in.

I think they have made blockchain better understood.

Blockchain makes them much more understood.

DAO or P2P are tools. It's all about taking this technology further. Is improving more and more as the day went on. People are really working their heads off and there's a consequence of that.

Thanks for the nice post. It's a pretty enjoyable article.

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