added by Kaf ยท updated 1y ago
DAOs aren't things... they are flows.
- The deep-seated nature of entity thinking in legal system and psychology is also highlighted, and it's suggested that by thinking of DAOs as flows instead of entities, it will avoid recreating traditional centralizing structures and fully realize the potential of web3 technology.
from DAOs aren't things... they are flows. by Rowan Yeoman
Kaf added 1y ago
- The author suggests that instead of thinking of DAOs as entities, they should be thought of as flows, which would better align with the decentralized nature of web3 technology.
from DAOs aren't things... they are flows. by Rowan Yeoman
Kaf added 1y ago
- The creation of limited liability companies 400 years ago laid the template for the modern company, which has been replicated across the globe and become the basic building block of modern commerce.
from DAOs aren't things... they are flows. by Rowan Yeoman
Kaf added 1y ago
- However, this centralized system of entity thinking is undermining the potential of decentralized autonomous organizations in web3.
from DAOs aren't things... they are flows. by Rowan Yeoman
Kaf added 1y ago
- The article argues that the concept of "entity thinking" from traditional centralized structures is being imported into web3 and causing the recreation of these structures in the form of DAOs.
from DAOs aren't things... they are flows. by Rowan Yeoman
Kaf added 1y ago