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Daoist history - By Joel Dietz


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From appcoins to futarchy driven DAOs

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Daoist history - By Joel Dietz

  1. 1. DAOist History
  2. 2. Who am I - Former Cloud Computing (Salesforce) Software Architect turned Blockchain architect - Famous for inventing/introducing several key concepts including “cryptoequity” and “decentralized organizations.” Run several key prototypes of these concepts. - Run a decentralized expert network keeping up to the state of art of major technological trends (Blockchain, AI, Machine Learning).
  3. 3. Who am I know 4-11 languages Masters in Daoist philosophy Also studied political history more generally Also working on “Magic Internet Money” album Jack of all trades
  4. 4. D-DARPA
  5. 5. D-DARPA goals tracking state of art building prototypes
  6. 6. • Arc 1 : App coin -> Cryptofuel • consumable, network use • has associated DAPP • Examples • problems • bitcoin solution is a bit chunky • cuts into revenue From Appcoin to Cryptofuel
  7. 7. • Scams • Things that are illegal • Thing that Bitcoin nerds really like (e.g. Bitcoin comics) Bitcoin Crowdfunding. What is it good for?
  8. 8. • Designed as a proto-DAO • Voting on major decisions • Couldn’t cross the chasm This Swarm thing
  9. 9. Problems • Uncertain legal status (Stiftung anyone?) • Hard to establish value of tokens • Possibly eating future revenues • No clear accountability • Formal governance structures add cost • Informal agreements are often not enforcable
  10. 10. DAOS • Democracy DAO • • Modular DAO • boardroom • bitnation • Autonomous DAO • futarchy
  11. 11. Who cares? • Honestly, no one. • But actually • Illegal things -> yes people will do this • Well… actually. No one cared about ether either. • Except us.
  12. 12. Why Ether? • Engage technologically savvy crowd. • Stacked incentives (make the world a better place + make money). • Would not have succeeded with any traditional model.
  13. 13. Why DAOs? • Engage technologically savvy crowd. • Stacked incentives (make the world a better place + make money). • Projects that would not have succeeded with any traditional model.
  14. 14. Where next? • Functional prototypes moving into enterprise SaaS products • Finding place in “Exponential Organizations” • Internal incentives inside of companies for innovation
  15. 15. Where this gets cool • Replace corporation • Full stack automation. DAOS for smart things. • Autonomously evolving (like Conway’s game of life)