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What exactly is a DAO? Here are 5 of my favorite definitions, in no particular order:
- According to Vitalik Buterin in “DAOs, DACs, DAs and More”, DAOs == automation at the center, humans at the edges.
- A socio-economic definition by Mario Laul: DAOs can be defined as organizations that combine automation (via distributed computer networks and smart contracts) with crypto-economic incentives (via tokens stored in distributed ledgers) and human collaboration (mostly online, relying on both crypto-native and traditional web-based coordination tools).
- The essence as captured by Coopah: “DAOs are internet communities with a shared cap table and bank account, a commitment to share value with a community.”
- Two conditions a DAO must meet from Spencer (h/t @DaoHaus for sharing)
- all members have at least some direct control over the org’s assets and actions
- nobody other than the members can shut it down
- This analogy by Peter comparing a DAO to a tech startup:
- instead of applying for a job, you join the startup’s Slack with one click.
- you can work via bounties or teams. Bounties = a massive JIRA board. Team = a slack channel where you can volunteer to do something / see what other people are working on.
- others can submit proposals for you to get paid.
Bonus
- DAOs as a framework/ethos (of a well functioning community)
- DAOs enabling more independent careers, allowing us to “open-source ourselves as workers”
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“If joining a startup is signing up for a seat on a rocketship, joining DAOs is snooping on a bunch of rocketships being built, figuring out which rocket-building team you jive with, and stepping in with a wrench where you see fit.” - Annika Lewis here
https://twitter.com/divine_economy/status/1423674134685388805
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Resources
https://linda.mirror.xyz/Vh8K4leCGEO06_qSGx-vS5lvgUqhqkCz9ut81WwCP2o
https://coopahtroopa.mirror.xyz/_EDyn4cs9tDoOxNGZLfKL7JjLo5rGkkEfRa_a-6VEWw
https://annika.mirror.xyz/9yxmN8Sh3_i43zgFWxQjNVMaL3vqNHGJ_JERr_sgEmk
https://blog.ethereum.org/2014/05/06/daos-dacs-das-and-more-an-incomplete-terminology-guide/
https://gnosisguild.mirror.xyz/t4F5rItMw4-mlpLZf5JQhElbDfQ2JRVKAzEpanyxW1Q