Decentralized Autonomous Organizations (DAOs) have no hierarchical system for resource distribution; the focus is on the decision making of the collective

The solution is to invent a new one that is a variant on the existing one

DAO’s existed before (guilds, labor unions). They can do certain things very well but some decisions are hard to make, like competition with another entity, coordination of action beyond initial purposes of the organization

-Push Facebook to make its own decision in a more regularized rulebased way

-Show the public the benefits for private companies to do what governments have long done (real separation of power)

Will the future bring algorithms that have the capacity for internal evolution? They need to expand on flexibility, this is what makes traditional contracts so powerful

It was created to answer difficult questions about freedom of expression online The idea is to give the decision making power to an independent group of people. Start with an identifiable set of decisions about what content Facebook allows. For it to work, Facebook needs to make decisions that Facebook doesn’t like

Behind every crypto platform, there are rules and agreements just like in a constitution: interaction, power distribution, coin production, etc.

-Potential common mistakes for the Oversight Board: