“Once we wrapped the globe in endless circles of wires crossing the deserts and beneath the oceans, decentralization was not only possible, but inevitable.” - Kevin Kelly Bitcoin was the first decentralized P2P currency. The technology of Bitcoin also came with a paradigm shift of executing a large-scale project. Bitcoin has no CEO or formal organization but the protocol provides financial services to anyone and everyone. The participants in the ecosystem work with each other in isolation or camaraderie to achieve a shared objective. Bitcoin created a novel way of running a network on a continuous basis and it was the precursor of the DAOs of today’s era.
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.
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.
Basically, DAOs allow people to exchange money with each other from all over the world. It can be an investment, a charitable donation, fundraising, borrowing, etc., without any middleman.This is tremendous.
To be sure, even the concept of the DAO is exceedingly exciting, as it strives to untangle everything that is 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. The pre-written rules and voting system, which every investor learns before joining the organization, leaves no room for discussion.
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.
Finally, DAOs are completely transparent, as all rules, like all financial transactions, are registered on the blockchain for all to see. Everyone involved has a say in deciding how the funds are spent, and can track how those funds are spent.
I was very upset by this attack on the DAO years ago. I didn't hear his name for a long time after that. Now, thanks to this article, they came up with a renewed system again.
I really like your new ideas. Another project that really makes blockchain technology suitable for today's world.
An ecosystem that gives a vote to a person on the other side of the world. I want to explore this project more.
I have heard DAO, but didn't know what actually is and what is capable of. Being autonomous and giving your community right to decide the future is a huge thing.
I'm actually surprised that todays blockchain technology has started to shape around DAOs. The story behind it is quite interesting, and it seems it is one of the main factors that brought Etherium into action after Bitcoin.
Heard about DAO many times but didn't had an interest to know more about it but after reading your article i have got idea what Is DAO and how does it works and Some Features too
It's something interesting and now i have developed an interest to know more about it :)
I heard about Dao. But I didn't know exactly what it was. It's clearer in my mind now.
I think the pandemic was useful for crypto. People who stayed at his house investigated because bitcoin was the agenda.
They wanted to solve his needs on the blockchain. Because that's where they saw the solution.
DAO is one of them. I think it's definitely going to be in a lot of different places in recent history. It's great to see the differences and what works.
Since Man first appeared on the planet, family, and tribal governments, corporations and the global economy up to more effective ways to improve cooperation with the scale structure and organize invented. As the most advanced organization ever, the internet has opened the door for real-time information exchange around the world. But it lacked the economic tools for general-purpose coordination and global co-production. Blockchain made this possible by providing a reliable, open and programmable accounting system, and as a result led to the invention of the Decentralized Autonomous Organization (DAO).
The Internet is a human-centered decentralized structure. It is an elegantly scaled service system to more than 2 billion users over fifty years. Dynamic self-government has helped it evolve and develop itself over time, like a system of life. The Internet does not support intrinsic value distribution. As such, it lacks a natural economic incentive model for participation. Functionality is therefore limited to the distribution of information.
In fact, blockchain itself is the closest available thing to a DAO (or rather, it's Dapp). Members with broad participation (a.k.a Miners) is a decentralized, living organism operated by. It opens the door to never-before-seen growth and development with a new model of domestic economic stimulus. The Bitcoin blockchain network has grown from zero to almost $ 100 billion with no centralized management or coordination. Ethereum blockchain has similarly reached $ 30 billion in three years. However, the functionality of these value-based DApps is limited and an October element is required to enable general-purpose Daos. It can be organized around general purposes.
DAO"s will shape our futures, the future makes me excited and nervous ,I hope we will all be happy in the future.
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.
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.
The DAO governance model will be adopted more globally in the future.
In a decentralized decision making process, it's a great idea for all members (token holders) to vote and strategize.
The DAO governance model seems to me the most democratic system in the world.
It could be wrong.
If you have an x token that gives you voting rights wherever you are in the world, you have a say.
DAO gives me hope for the future.
Basically, DAOs allow people to exchange money with each other from all over the world. It can be an investment, a charitable donation, fundraising, borrowing, etc., without any middleman.This is tremendous.
To be sure, even the concept of the DAO is exceedingly exciting, as it strives to untangle everything that is 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. The pre-written rules and voting system, which every investor learns before joining the organization, leaves no room for discussion.
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.
Finally, DAOs are completely transparent, as all rules, like all financial transactions, are registered on the blockchain for all to see. Everyone involved has a say in deciding how the funds are spent, and can track how those funds are spent.
It's kind of hard to wrap your head around the concept of DAOs.
The idea of decentralizing governance in organizations and that every member has a vote proportional to their participation is very promising.
Maybe in the future our politics can be organized in DAOs, we'll see.
I knew little about DAOs, but I realized in this article that my existing knowledge was insufficient.
Thanks for the info, I'll stay tuned
I was very upset by this attack on the DAO years ago. I didn't hear his name for a long time after that. Now, thanks to this article, they came up with a renewed system again.
I really like your new ideas. Another project that really makes blockchain technology suitable for today's world.
An ecosystem that gives a vote to a person on the other side of the world. I want to explore this project more.
Thank you for your valuable article.
I have heard DAO, but didn't know what actually is and what is capable of. Being autonomous and giving your community right to decide the future is a huge thing.
I'm actually surprised that todays blockchain technology has started to shape around DAOs. The story behind it is quite interesting, and it seems it is one of the main factors that brought Etherium into action after Bitcoin.
Thanks for the article, appreciated!
The world is developing and accelerating, if you want to keep up with the world, you have to improve yourself.
I had heard of Dao too, but I did not have the opportunity to research, thanks to you, I gained more knowledge. Thank you.
It's so cool that DAO allows them to exchange money from all over the world.
Thanks a lot for the article!
Heard about DAO many times but didn't had an interest to know more about it but after reading your article i have got idea what Is DAO and how does it works and Some Features too
It's something interesting and now i have developed an interest to know more about it :)
Thanks for the Article Paragism
I heard about Dao. But I didn't know exactly what it was. It's clearer in my mind now.
I think the pandemic was useful for crypto. People who stayed at his house investigated because bitcoin was the agenda.
They wanted to solve his needs on the blockchain. Because that's where they saw the solution.
DAO is one of them. I think it's definitely going to be in a lot of different places in recent history. It's great to see the differences and what works.
Thank you for giving us the information.
The article is great.
Didn't know what DAO meant until now! Decentralize it all!
DAO sounds like a term from a martial ars movie :))
Since Man first appeared on the planet, family, and tribal governments, corporations and the global economy up to more effective ways to improve cooperation with the scale structure and organize invented. As the most advanced organization ever, the internet has opened the door for real-time information exchange around the world. But it lacked the economic tools for general-purpose coordination and global co-production. Blockchain made this possible by providing a reliable, open and programmable accounting system, and as a result led to the invention of the Decentralized Autonomous Organization (DAO).
The Internet is a human-centered decentralized structure. It is an elegantly scaled service system to more than 2 billion users over fifty years. Dynamic self-government has helped it evolve and develop itself over time, like a system of life. The Internet does not support intrinsic value distribution. As such, it lacks a natural economic incentive model for participation. Functionality is therefore limited to the distribution of information.
In fact, blockchain itself is the closest available thing to a DAO (or rather, it's Dapp). Members with broad participation (a.k.a Miners) is a decentralized, living organism operated by. It opens the door to never-before-seen growth and development with a new model of domestic economic stimulus. The Bitcoin blockchain network has grown from zero to almost $ 100 billion with no centralized management or coordination. Ethereum blockchain has similarly reached $ 30 billion in three years. However, the functionality of these value-based DApps is limited and an October element is required to enable general-purpose Daos. It can be organized around general purposes.
DAO"s will shape our futures, the future makes me excited and nervous ,I hope we will all be happy in the future.
Thanks for the article.
Thanks Paragism. DAO looks interesting. Wild ecosystem and large possibilities. OceanDAO looks pretty amazing.