Thread by @TivadarDanka

I was recently invited to join the Underfitted DAO.

By default, I am skeptical about crypto projects, so I had a LOT of questions.

After a long conversation with @haltakov and @svpino, I am convinced.

Here is why.

https://twitter.com/svpino/status/1467841284635127812

The best way to get experience and knowledge in machine learning is to build things.

If you build things, you should be compensated in proportion to the value you create.

In practice, this is often not the case. Not in open source, not in the industry.

What can change this?

Well, DAO-s have this potential. Of course, the concept may not live up to the expectations, but their fundamental idea holds a lot of promise.

In a DAO, contributions are rewarded with tokens. Decisions are made by voting, where all token-holders can participate.

Tokens also provide a way for stakeholders to receive the profits from the products, proportional to their work.

This system incentivizes quality contribution.

You create value. You receive value.

Of course, we still have a long way to go. As the project is very new, the governance is not yet set up. This is a task for the upcoming weeks.

We are just getting started.

If you are interested in pushing the boundaries of machine learning and software, I recommend you to read up on DAO's, educate yourself on the (real) promise of web3, and check out the community.

We'll be waiting for you if you are up to the challenge.