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Heap_Good_Firewater t1_iwgyoxv wrote

Reply to comment by TheFilterJustLeaves in Will working for a DAO be better than a corporate job? by berlinparisexpress

Most tokens are owned by whales and early adopters. How could a for-profit DAO avoid becoming captured by a few dominant stakeholders, while still incentivizing buy-in?

Genuinely asking.

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TheFilterJustLeaves t1_iwh0xql wrote

I don’t think a DAO will imply a cryptocurrency-related company in the near future (2-4 years?). They are intertwined now due to technology and culture, but that link is not necessary. Users need access to a programmatic token (public/private key) to vote, but this is functionally no different than holding other secret documents digitally (ID, certificates, etc). Once this becomes easier for the non-tech oriented, I think we’ll see a proliferation of DAO.

To answer your question, I think that’s left up to the design of the DAO and its stakeholders. It really isn’t any different than standard equity ownership and investing, where the cap table is skewed toward the biggest investors and founders.

The organization can be designed where votes (one person, one vote) control key functional areas and equity ownership equates to profit or revenue claim. Obviously an overly simplified model (which hasn’t necessarily worked out so well so far), but the point stands.

The organization needs to be architected from the start to be equitable and fair to users.

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Heap_Good_Firewater t1_iwh2ujz wrote

>It really isn’t any different than standard equity ownership and investing,

This is what I am worried about. Crypto is already wildly unequal (over .90 Gini coefficient).

What does the technology add in this case? DAOs seem like they add unnecessary complication and even more inequality. I am sure there are some great niche applications (buying the Declaration of Independence), but I don't see any major killer applications on the horizon.

Seems like we would have some more examples of great use cases by now with all the money chasing this space.

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>I don’t think a DAO will imply a cryptocurrency-related company in the near future

>
>The organization needs to be architected from the start to be equitable and fair to users.

A DAO that is not organized around blockchain or a speculative token sounds a lot like an employee-owned co-op.

If you are proposing a blockchain without a speculative token involved, how would you pay for the storage and compute time?

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TheFilterJustLeaves t1_iwh6bry wrote

It’s gonna take time for things to shake out. The tech is still iffy, cultures are immature, practitioners are still learning the ropes, etc. “killer” apps will come in their own time.

You’re welcome to follow me on here if seeing a non-blockchain oriented DAO is of interest to you. I’ll be progressively writing and discussing more on the subject; beginning in a couple weeks. The landing page is available right now, but most information is still private.

I’m currently employed full time by a technology company and once my resignation takes effect I’ll be able to be much more open on the subject.

You can visit: https://combinedao.com

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