Idea Machines

AOs are a new way of organizing people. Traditionally, a company structure has been the most effective free-market approach to accruing talent in pursuit of a goal. That labor is usually persuaded and controlled through wages. DAOs seek similar ends — the creation of value — but rely on a decentralized framework in which workers, users, and other s... See more

But I guess I’m a little blurry on the details. Friends With Benefits has a manifesto where they describe themselves as an organization of “creators, rebels, artists, thinkers, and doers.” That sounds great! (I would like to be all those things, though maybe I wouldn’t say it out loud if I was.) And there’s an admirable statement of principles that... See more

A strong social fabric and the right tech stack will unleash a new wave of bottom-up economic experiments: interest-free P2P borrowing, anonymous lending pools, collective insurance, socialized ETFs, DAO-based freelancer unions, rotating savings schemes, revshare guilds, meme venture syndicates, crypto ponzis, exit scams, in-browser miners, upstate... See more

DAOs (Decentralized Autonomous Organizations) have emerged in recent years, allowing people to collaborate on smaller-scale projects than companies. DAOs are organized around a mission that coordinates through a shared set of rules enforced on a blockchain. Put it simply, DAOs are a new way to finance projects, govern communities, and share value.

Crypto has transformed grassroots-level organizing. For the first time in history, it is possible to economically align networks of strangers into working together by using programmable incentives and providing them with tools to make decisions and govern shared resources in a decentralized manner. These new organisms are called by many “DAOs,” Dec... See more