What do people need to do to succeed? - DAOs are about coordination so think about what is effective coordination - How is authority delegated: empowering specific individuals with their roles and power - Values alignment. Recruiting right people in terms of skills but also vibe - Organic memes alignment. People spending the most time, - Mental and... See more

Dao efficiency parity forecast. The flipenning of DAOs creating more value than tradcos - Tradcos learn linearly - DAOs have strong network effects, both internally but also learning from each other. This creates an exponential learning rate.- We're still early in DAOs. Figuring stuff out - Bitcoin is a dao - We’ve learned about Governance tokens -... See more

DAOs will likely become large networks with shared incentives and coordination tools, made up of smaller units (which can still be quite bit) that act in a more directed and centralized way.

Are DAOs bad at building products? - Product teams need continuity and shared context - We need more tools that can coordinate things like product work.

DAOs can’t yet do the same complex things as big companies, like managing complex supply chains

What role will humans have in this future? - Perhaps when conflict arises - There will be 80/20 for all types of work - 80% of governance decisions will be automated. These will be the non-controversial decisions - We will each likely have personal AIs that represent us in each of the communities that we are a part of - 20% of decisions will get tr... See more

How to approach decentralization for a tradco - First map the governance surface: - Who are all stakeholders, what are their authorities - Then figure out what is desired state. - Then doing one authority delegation at a time, and then building meta process around assessing, choosing, and decentralizing specific authorities in the community.

When does it make sense for a tradco to decentralize? - It’s very hard. Need a v good reason. - Why would you want to: - Decentralize governance - Decentralize ownership and upside - Can potentially make product or protocol better because you’re getting direct feedback

Common mistakes or roadblocks with prog decentralization - Early team finds it hard to part with excess authority. Not necessarily for bad reasons. Taking hands off wheel generates fear - Not finding the right people for the dao. DAOs can be big, and they don’t have enough good people to do everything