Thread by @PermabullNino

DAOs are gonna be a massive deal

Starting to realize there will be many flavors of them with various tradeoffs, which will be fine depending on what the end goal is

imo this is one of the most obvious "skate to where the puck is going" plays in crypto

I basically now have a rule of "if it has any signs of product-market fit, buy a bag"

Why? Bc DAOs might be some of the fastest growing firms / companies when we look back on it in a decade

Their speed of growth will likely stem from one thing: they're digitally native

Digitally native firms are nearly frictionless at every level - from product, to hiring, payment, etc

The advantage that results from this lack of friction wont be evident in the beginning, but over time the effect will compound

Example of this lack of friction: Decred hiring of contractors via Politeia

In meatspace, hiring someone requires:
- resume review
- discard unqualified prospects
- scheduling interviews
- select few ppl talk to prospect
- offer prospect
- prospect accepts / denies

This is a clunky process and all those parts happen in different steps

Decred on the other hand:
- prospect submits proposal
- whole network deliberates
- whole network votes
- fin

No zoom calls, no meetings, intentions clear up front, whole firm involved in hiring

clean

This is just one example to provide some color, and the tip of the iceberg

Apply this to every facet of a mission driven collective and things start to look really streamlined over time

When funding / revenue generation breaks above a certain threshold, DAOs will scale quick

Once the blitz of scaling kicks in, DAOs will start eating traditional players' lunches and fast

Excited rant, but hopefully somewhat coherent. Back to it