TrendsVC PRO 0054 – Decentralized Autonomous Organizations (DAOs)

Followed by members of congress. And Biden’s second-largest donor. We’re witnessing a bloodless war. Politicians are handing over power. File Size: 877.11 kB Format File: [1 Report (HTML)]

TrendsVC PRO 0054 – Decentralized Autonomous Organizations (DAOs)

Predictions
User-owned networks will become the norm. Facebook’s public shares have 1/10th the voting power of private shares. DAO ownership will apply to equity and governance.
Politicians will gut the old system from the inside out. They are stakeholders in the new system and incentivized by lobbyists. The mayor of Miami is a canary in the gold mine. Followed by members of congress. And Biden’s second-largest donor. We’re witnessing a bloodless war. Politicians are handing over power.

Negative externalities will go unchecked. Governments can enforce carbon credits on factories. How do you stop a decentralized network from mining Bitcoin?
Opportunities
Be a network principal and participant. If you use Uniswap, own governance tokens.
Launch a XaaS around DAOs. Seed Club offers social-tokens-as-a-service. Cooper Turley is a social token manager. Guide others through the frontier.
Work for a DAO. Lewis Freiberg earns his highest salary ever ($180,000) as a community manager for ESD.
Key Lessons
Less lock-in shifts power from principals to participants.
Currencies, social networks and nations will have lower switching costs.
Transparency counters corruption. Smart contracts take us from “Don’t Be Evil” to “Can’t Be Evil.”
DAOs are censorship-resistant. No one will be able to unilaterally ban buying GameStop shares, downloading TikTok or trading with other nations.