The hierarchical world has speed but is less agile and over-dependent on few players, unlike Self Organizing Organizations where the maximum potential of the group could be unleashed and we can make workplaces, our institutions, and organizations a great place to work, discuss and fulfill our goals.
-Decentralization as credible fairness by distributing decision-making power among more people, so that each individual has less power, minimizing collusion and maximizing DAOs ability to oversee themselves.
DAOs enable novel ways in which groups of people can come together, set shared goals, and collaborate with each other to achieve them using well-aligned incentives.
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.
High-level sport is born from the passion of the fans. Athletes would never have earned so much money if people did not support them. We must not let basketball become just a business, because it is not, basketball is a passion. The affinity between the teams and the fans is the basis for success.Blockchain is a tool that will empower the user at... See more