Imagine an NBA game where players imagine they're playing for the same team, but only see their own points. That's how ideological movements work on social media today: only individual profiles, no team dashboards.
DAOs change this. Number go up means movement goes up.
DAOs change this. Number go up means movement goes up.
DAOs are also a potential resolution to the long-running argument over whether corporations only have a fiduciary duty to their shareholders — or if they should be run by the "community", which in practice usually means the state.
But what if it didn't?
But what if it didn't?
https://twitter.com/balajis/status/1188155032291573760
A third way between (a) a small group of possibly societally-disaligned shareholders and (b) de facto nationalization by a dirigiste state is (c) many DAO coinholders with governance rights related to their skin-in-the-game.
Investment is a component of governance, but it probably won't be purely capital-gated. Web-of-trust will also play a role. @VitalikButerin's recent post is good on this topic.
vitalik.ca/general/2021/0…
vitalik.ca/general/2021/0…
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