Part of DGov Council 2020
Host: John Light
Topic, Main Questions
- An overview of DAOs, what is our experience with DAOs?
- What hasn’t worked?
- What has worked?
- What are our new findings?
Agreements and convergence
- With DAOStack there was far more cohesion at the beginning, when more people joined the shared vision and direction was lost
- DAOs present new types of oligarchies, there’s an elite forming around the DAO projects, which leads towards a cartel of information
- Not setting appropriate limits for the community to scale
- Investment grant - expenditure - DGOV: don’t use the same governance scheme for different projects
- Transaction security, tool to grant members more rights, inclusive approach and possibility for explore the market
Disagreements and challenges
- DAOs are having a purpose. Sometimes.
- A true DAI=Bitcoin. A perfect Democracy for elections (not a disagreement anymore)
Key learnings and conclusion
- Some DAOs are granting tokens and are functioning as an incentive scheme
- What is a decentralisation/autonomous element of DAOs?
- DAOs are not thinking about how to be sustainable
- New ways to fund work/ideas
- Simplicity serves visibility and adoption but this is a conflict between simplifying and a wanted decision making process
- DAOs have over simplistic voting
- Not good processes For signalling and creating good proposals
- Hard to build cohesion in digital space
- Some organizations have no reason to be on-chain
- values/mission isn’t clear
- Missing good in-boarding
- Elite power structures forming and cartelization
- Not putting in appropriate limits for the expected community scale
- The purpose of the DAO starts to slip
- Not any meta processes for dealing with bugs
- Token whales dominate votes
- Accountability for OKRs
- Huge grants provided to proposals that are short/under - specified
- When there is centralization, are the incentives aligned properly?
- Are there conflicts of interest?
- Are DAOs investment groups or non-profit/academia?
- Don’t use the same decision making scheme for all decisions
- DAOs aren’t thinking about long term sustainable
- DAO claim to be non profit but have a token that is premised on for-profit valuation
- Non profit DAOs should have nice welcome packages and community reinforcement to keep the community happy
- Long on-boarding for new members to occulture people
- Having a clear purpose and neutral mechanisms for keeping focus on the purpose
- Charting a clear vision and values
- Start with a community, DAO later
- Creating feedback loop so people know what’s happening
- “High rate of metabolism” - info flows money flows engagements
- DAOs as a concept has brought greet people together
- Is Bitcoin a DAO? - A perfect democracy for elections/electrons
- DAOs as a concept are giving people hope
- Having a low barrier to participation once you’re a member
- Living space for informal or primordial project/business ideas to find support
- Possibility to have new models of decision making that are digital-native
- Transaction security in a distributed network - asset management
- How do you trade off between simplicity and UX and the nuance necessary for complex decision making?