added by sari · updated 2y ago
Scaling Trust in DAOs: Trustware vs Socialware
- The promise of DAOs lies in self-governance. With the appropriate tools and mechanics, contributors can onboard, coordinate, reward one another, rather than relying on one single point of failure. In absence of such infrastructure, decisions will continue to be made arbitrarily and consensus cannot scale across the network.
from A New Genre of Work by Tina He
sari added
- Of course, it’s not all fun and games, either — DAOs, after all, are not just an abstract crypto concept, but systems of people. And while they create new models for human coordination around shared principles or goals, they also present new challenges for effective governance, day-to-day execution, and scaling.
from “Fantasy Hollywood” — Crypto and Community-Owned Characters - a16z crypto by Andreessen Horowitz (AZ)
sari added
- 4. DAOs are trust-less organizations owned and governed by community members. DAOs have smart contracts for decentralization and humans on the periphery for governance.
from DeFi, dApps and DAOs: The Key Differences by Vikram Aditya
Pawan Rochwani added