Scaling Trust in DAOs: Trustware vs Socialware

Create a DAO that looks by all respects like a traditional organization except that it uses tokens for ownership and governance.

Objective systems seem desirable, relying entirely on machines and not fallible and opportunistic humans. There is, however, a catch – machines may be running the code, but humans are acting on it. A subjective system might be able to differentiate between legitimate and illegitimate transactions in a way that an objective one could not. Concepts l... See more

Tarun Chitra provided an excellent description of when governance is needed within DAOs in his recent piece for a16z,