Social Rules for DAOs
A DAO, in its purist form, is a collective group of tokenholders who use tokens to interact with a smart contract that controls a protocol and/or treasury. The most common way for tokenholders to interact with smart contracts governed by the DAO is by voting on on-chain proposals. From an operational standpoint, DAOs require human input to prepare and advance executable proposals that can be voted on and executed in a trustless way. Proposals are not prepared in a vacuum — instead, DAOs rely ...
Social Rules for DAOs
A DAO, in its purist form, is a collective group of tokenholders who use tokens to interact with a smart contract that controls a protocol and/or treasury. The most common way for tokenholders to interact with smart contracts governed by the DAO is by voting on on-chain proposals. From an operational standpoint, DAOs require human input to prepare and advance executable proposals that can be voted on and executed in a trustless way. Proposals are not prepared in a vacuum — instead, DAOs rely ...
Reimagining Public Goods Funding in Web3
This post was first published on my blog on July 29, 2021. Until about a month ago, I had never thought deeply about public goods. The last time I was exposed to the concept was in an introductory economics paper, many years ago. Despite its importance as a key source of market failure, it is the sort of concept that is glossed over in a single lecture and never spoken about or considered again. For the most part, it is an academic public policy problem that does not warrant consideration fro...
Reimagining Public Goods Funding in Web3
This post was first published on my blog on July 29, 2021. Until about a month ago, I had never thought deeply about public goods. The last time I was exposed to the concept was in an introductory economics paper, many years ago. Despite its importance as a key source of market failure, it is the sort of concept that is glossed over in a single lecture and never spoken about or considered again. For the most part, it is an academic public policy problem that does not warrant consideration fro...
