If you have read the former Coinbase CTO, Balaji Srinivasan’s new book, The Network State, then you will be very excited to read this analysis on the CityDAO. Personally, I am very attracted to the idea of a network state, as much as blockchain technology and DAO. In this article I will walk you through how CityDAO is striding towards building the very first network state on this earth. According to CityDAO, their mission is to “build an on-chain, community-governed, crypto city of the future...

If you have read the former Coinbase CTO, Balaji Srinivasan’s new book, The Network State, then you will be very excited to read this analysis on the CityDAO. Personally, I am very attracted to the idea of a network state, as much as blockchain technology and DAO. In this article I will walk you through how CityDAO is striding towards building the very first network state on this earth. According to CityDAO, their mission is to “build an on-chain, community-governed, crypto city of the future...

4. Autonomous ≠ No ObligationOne of the most attractive factors of working in DAO is that there seems to be no obligations. Unlike the organizations in reality, e.g., companies, most DAOs are supportive to a full autonomous mode that encourages spontaneous contributions and the bottom-up workflows. In particular, a member will first match his/her capacity with a DAO and find a task that meets the mutual interests. Then, he/she writes an application to apply for a reasonable budget. Once the b...

4. Autonomous ≠ No ObligationOne of the most attractive factors of working in DAO is that there seems to be no obligations. Unlike the organizations in reality, e.g., companies, most DAOs are supportive to a full autonomous mode that encourages spontaneous contributions and the bottom-up workflows. In particular, a member will first match his/her capacity with a DAO and find a task that meets the mutual interests. Then, he/she writes an application to apply for a reasonable budget. Once the b...

I’ve had the privilege of using the word “decentralized” in multiple occasions, mostly when I tried to explain what a “DAO” is. After all, the first letter in “DAO” stands for “decentralized” and it would be hard to not mention it. However, every single person’s facial reaction told me they did not understand what the word means, not in the slightest. Thus, further explaining was always warranted. For those of us that are already familiar with the technology, the word is a redundancy. For tho...

I’ve had the privilege of using the word “decentralized” in multiple occasions, mostly when I tried to explain what a “DAO” is. After all, the first letter in “DAO” stands for “decentralized” and it would be hard to not mention it. However, every single person’s facial reaction told me they did not understand what the word means, not in the slightest. Thus, further explaining was always warranted. For those of us that are already familiar with the technology, the word is a redundancy. For tho...

7. DAOs need "consensus"Consensus algorithms are the cores of blockchains. It is a rule that all nodes follow to maintain a consistent and ever-growing ledger. This rule is deliberately written in code so that the nodes could follow it automatically and unambiguously. Any violation of this rule will be considered as an adversarial behavior and could receive economical punishment. In fact, this is exactly where the philosophy of DAO roots in. Ideally, the operation of a DAO should also be deli...

7. DAOs need "consensus"Consensus algorithms are the cores of blockchains. It is a rule that all nodes follow to maintain a consistent and ever-growing ledger. This rule is deliberately written in code so that the nodes could follow it automatically and unambiguously. Any violation of this rule will be considered as an adversarial behavior and could receive economical punishment. In fact, this is exactly where the philosophy of DAO roots in. Ideally, the operation of a DAO should also be deli...

Back in 2020, Michael Saylor, chief executive officer of MicroStrategy Inc, suggested to Elon Musk, CEO of Tesla in a tweet that he should convert the $TSLA balance sheet from USD to BTC if he wants to do his shareholders a 100$ billion favor.As we all know, Elon Musk didn’t convert the entire $TSLA balance sheet from USD to BTC. Nonetheless, he did accumulate a sizeable amount of Bitcoin. So what exactly was Michael Saylor’s proposal? What does it mean to convert the balance sheet from USD t...

Back in 2020, Michael Saylor, chief executive officer of MicroStrategy Inc, suggested to Elon Musk, CEO of Tesla in a tweet that he should convert the $TSLA balance sheet from USD to BTC if he wants to do his shareholders a 100$ billion favor.As we all know, Elon Musk didn’t convert the entire $TSLA balance sheet from USD to BTC. Nonetheless, he did accumulate a sizeable amount of Bitcoin. So what exactly was Michael Saylor’s proposal? What does it mean to convert the balance sheet from USD t...

Our VisionDAO is commonly known as a Web3.0 form of organizations, where people coordinates through smart contracts, earns governance token of DAO, and contributes to projects that build Web3.0 together.💡 However, we see DAOs differently.Our vision is , DAOs ARE THE FUTURE of all organizations, instead of merely the organizations in Web3.0. Moreover, we believe that the revolution of DAO is very likely to happen outside the Web3.0 world.DAOs Outside the Web3.0 World?Make no mistakes, we are ...

Our VisionDAO is commonly known as a Web3.0 form of organizations, where people coordinates through smart contracts, earns governance token of DAO, and contributes to projects that build Web3.0 together.💡 However, we see DAOs differently.Our vision is , DAOs ARE THE FUTURE of all organizations, instead of merely the organizations in Web3.0. Moreover, we believe that the revolution of DAO is very likely to happen outside the Web3.0 world.DAOs Outside the Web3.0 World?Make no mistakes, we are ...

Disclaimer: these thoughts might not sound "unconventional" to you. They are quite personal and not all-round type, i.e., they might not cover the topics that you consider important.1. DAO is not a crypto (blockchain) concept DAO has usually been put into the "Web3.0" narrative listing amongst the other Web3.0 concepts like NFT, DeFi, Metaverse, etc. However, it is actually not a crypto concept. The key ideas of DAO include fairer incentive mechanism to individuals, more transparent and more ...

Disclaimer: these thoughts might not sound "unconventional" to you. They are quite personal and not all-round type, i.e., they might not cover the topics that you consider important.1. DAO is not a crypto (blockchain) concept DAO has usually been put into the "Web3.0" narrative listing amongst the other Web3.0 concepts like NFT, DeFi, Metaverse, etc. However, it is actually not a crypto concept. The key ideas of DAO include fairer incentive mechanism to individuals, more transparent and more ...