DAOs are interesting, likely, and terrifying

It’s difficult to understand just how revolutionary Decentralized Autonomous Organizations (DAOs) are unless you’ve attempted to navigate financial regulation, set up a payroll or establish a charity. The latter can take years and involve recruiting trustees, choosing an organizational structure, writing a governing document and getting approval fr... See more

When not fantasizing about the next 1000x moonshot, many crypto-natives dream about how DAOs will transform the way people collaborate. DAOs are imagined as flat and fluid organizations, the opposite of the rigid, pyramid-like structures dominating the corporate world today—an organization where every stakeholder gets to speak their mind and be hea... See more

By contrast, in the crypto space, some of the most famous examples of collective economic organization have formed for the memes, or as exercises in commodification and speculation. Examples like PleasrDAO fractionalizing the Doge meme, or ConstitutionDAO raising upwards of $40 million to buy a copy of the U.S. Constitution, have value in that they... See more