Answers to Daonomics Questions
The idea that we need crypto policies hinges on two big assumptions. First, that DAOs will own stakes in other DAOs. Second, that if DAOs own other DAOs, then DAOs are at greater risk of being raided. Are both of these assumptions true?DAOs will own stakes in their vendors’ DAOs because not doing so would prevent them from becoming an "automated" company. If a DAO owns voting rights in their vendored DAO, they can write purchasing agreements into code, which prevents every transaction from be...
Answers to Daonomics Questions
The idea that we need crypto policies hinges on two big assumptions. First, that DAOs will own stakes in other DAOs. Second, that if DAOs own other DAOs, then DAOs are at greater risk of being raided. Are both of these assumptions true?DAOs will own stakes in their vendors’ DAOs because not doing so would prevent them from becoming an "automated" company. If a DAO owns voting rights in their vendored DAO, they can write purchasing agreements into code, which prevents every transaction from be...
Daonomics
A DAO is an Automated Decentralized Organization that's formed by setting up an on-chain wallet, and then issuing votes over that wallet to multiple people, similar to a joint bank-account. These votes exist as an on-chain token which can bought and sold, or transferred to anyone. Votes can approve transactions like "buy from this vendor" or "pay or don't pay this employee" (ie hiring/firing). Because these votes have programatic access to a wallet, they can be backed by the wallet....
Daonomics
A DAO is an Automated Decentralized Organization that's formed by setting up an on-chain wallet, and then issuing votes over that wallet to multiple people, similar to a joint bank-account. These votes exist as an on-chain token which can bought and sold, or transferred to anyone. Votes can approve transactions like "buy from this vendor" or "pay or don't pay this employee" (ie hiring/firing). Because these votes have programatic access to a wallet, they can be backed by the wallet....
