Go Fork Yourself - Not Boring by Packy McCormick

Communities donate funds and use a DAO to vote on how that capital is allocated to various contributors in the form of governance proposals.

While it is possible for DAOs to emulate cooperative governance, it’s more common to observe the easier-to-implement governance pattern of one-token, one-vote, since verifying one’s personhood is still a nascent field in the world of blockchain. 

Smart contracts assist participants in governing cooperatively in upcoming decentralized networks, drastically reducing coordination costs. DeFi and NFT communities face a major challenge in managing collective decision-making to optimize funds and operations. These revolutionary networks have aligned incentives and common interests without a singl... See more

Reputation, quality of work, social capital and experience are already being used by DAOs to make decisions about how to treat specific members, but if these qualities could be inferred from an on-chain record, DAOs would become more autonomous and permissionless. Decisions could be made automatically, such as unlocking new spaces or granting great... See more