THE #DAO WAY! 🙂

Lots of talks in the last year as to what a #DAO is, and how it will change the way we do this and that. These are my thoughts on the matter, personal opinion.

CULTURE

As culture and ideologies change, so does the ways in which individuals relate to each other in terms of work, trade, or other social gatherings.

Would present day capitalism and democratic societies as we live them, be possible without a liberal ideology? without the concept that our individual prosperity does not rely on an abstract unseen being, but is rather the result of our decisions, efforts and how we form working groups? without the idea that an individual is self-determined?

A trip to countries with different ideologies would show the differences. And if they use the tools democracies and capitalism made available, they look — feel — act quite different.

In capitalism free movement of goods, services, capital and labour are the building blocks of the system. That also means I can partner with others to do business in whatever shape or form suites the enterprise built.

TECHNOLOGY

Technological advancements happen. Some are influenced by culture and ideologies, as the incentives of knowing life can be better if a new tech is developed is a powerful driver. But advancements happen also because they do 🙃 without a clear causal relationship in different places of the world.

We are now living in a hyper technologized society which facilitated many new ways of interaction across geographies and cultures, on a global level. something that ideologies did not do, as they are regional.

Combine the flow of information, goods start flowing, then money start flowing, then services follow…. but not labour!

Tech is culture agnostic, an iPhone is used the same way regardless of language, culture, country. A dollar is the same unit of account (not purchase power) regardless of culture, and country. Code executes in the same way.

But the ability to work and create partnerships did not evolve on a global scale in accordance with ideologies & tech. There are big imbalances, pockets of high sophisticated capitalist markets, and big areas quite primitive by comparison.

Giving people a technology that facilitates work & partnerships which is culture and geography agnostic will tap into a huge pool of talent at global level.

But DAOs are not something unseen in the west in capitalist democracies. The tech layer adds some advantages, so it should be a continuation of what was before, an improvement.

A tech which creates transparency (in some cases automation) in systems to facilitate work groups, align interests and incentives, distance & culture agnostic. But they are not a product in themselvs.

• DAOs should be layered based on each use case, and start with the team, the working members. the team comes together in an agreement based on mutual agreement, skills and competence brought to execution, and many times other assets. Here is the first layer where decision can and should be made by the people who have the competence to understand what is discussed, and also execute. Having a transparent and secure way of dealing with this layer of stake holders might not sound a big innovation, but it is. Especially if you place this on a global scale.
• investors are not part of the working teams as they do not work :) they invest some capital and could be involved in the decision making process depending on circumstances. Overall I think is less optimal to involve investors in day to day decisions especially if they are not chosen on competence criteria (beside the capital). Even less optimal if a DAO addresses retail investors who are in fact crypto gamblers and have a time frame of 3–6 mths to make a profit.

A DAO should have a working structure, a product that it creates and that is traded if we are talking of DAOs which want to trade and make profit. a DAO should start with the purpose, the product it builds or problem it solves in itself and use a DAO tech layer as a more efficient layer of organising the team, and latter on add other layers of stake holders.