https://docs.google.com/document/d/1uORD-ujKWdNqm-ZN8rWWhxxcnCRodx_NCT_7o3kUb1o/edit

Alright thanks everyone for joining. We'll wait a couple minutes more and then will get started.

Thank you for joining.

Angela in Berlin, JD in Oklahoma

Angela: why don’t we talk abut DAOs

JD: Yeah, that sounds fine

<<7:30>>

Angela: I think the first questions was :Why are DAOs different?

yeah there are. There are multiple aspects I guess, but JD I will handover the MIC first to you.

James Duncan

@OKDunc

interesting okay sure so in why are DAOs different from traditional organizational structures I guess..

James Duncan

@OKDunc

I think there is a combination of them being different and also not because ultimately, a lot of the ideas that DAOs are actually facilitating or just kind of bringing democratic ideas on a public blockchain often. And ideas of decision making people, have been thinking deeply about decision making and coordinating in decentralised way from the beginning of civilization. And DAOs are kind of an evolution of that in its moving it to a digital native system of ownership and development of resources. I think generally.

<<8:40>>

Angela

@akrtws

Totally. So what I observe is first this aspect of reinventing the firm or ways to collaborate, make a difference, grow your skill in this non-hierarchical open permissionless way and particularly I think its super interesting to observe these elements of video games, levels, credits to achieve a status and not being dependent on a team lead or a manager is something that is super attractive to many, but then this requires some policies and then also developing and decision making on these policies, this application of democratic policymaking. And of course, what I find particularly interesting from the token engineering aspect is governing algorithms. Because at DAOs and or let’s say at DAOs in crypto, because I think this vision of a decentralized organization is not tied to crypto only. But let’s think for a moment about crypto DAOs we embed or implement our policies in algorithms, and these algorithms, well this is the purpose of it, you’re not depending on the manager, we have this trustless execution of policies, and there’s this big question, challenge and opportunity in democratic governance of these algorithms.  And this is super challenging, were exploring only parameters setting in a democratic way at (ecommerce? ) and it’ sa challenge to communicate to gain intuition on these algorithms. And we know there’s already that we have public infrastructure: think of facebook timelines or google search results that currently are privately owned, they are non-transparent, and not open to public governance so DAos can provide a huge shift in control on the policies and the algorithms next to ownership and then ultimately governance as a capital asset, which is an entire new layer on top of it having tokens and tokenized decision making rights and how to distribute it in a fair way and if it’s tradeable it’s a capital asset and what does that mean to these new organizations