What’s a DAO? As far as I can tell it’s a kind of organisational model where the rules and governance of that community/organisation are encoded into code running on a blockchain.
I feel somewhat uncomfortable about a future in which there are rules which literally can not be broken. – Alleviating the human problem of broken trust, by eliminating trust itself.
Hmm tl;dr:
- Lots of good ideas from coops, a bit hand-wavey how those could apply to DAOs
- On the DAO side: You can do a lot of things when you have plenty of cash swapping around, unclear why people should put lots of cash into by design non-profit coops.
So I’m not sure what exactly we can learn from this piece…
Things daos can learn from coops:
1)they can be more focused on social causes not really a flaw of daos but a just a comment on how most daos just exist for memes/speculation atm instead of some great social cause.
2)on how to effectively give members a feeling ownership by changing from a model of dividends and governance rights to one of transparency into how founders and executives are paid and how partnerships with third parties are made.
- to establish shared values
Things coops can learn from daos:
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how to go quickly from the idea to execution phase
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new funding models
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new ways of giving back to the community
Coops can be for-profit or non-profit the article was talking about the for-profit ones.
I guess you summarized the article better than me, but I still don’t see where any of this could be helpful.
As the article states, even the for-profit coops don’t put profit first and often develop when normal for-profit companies deem an activity unprofitable.
DAOs are the exact opposite in that regard. They exists as investment and speculation vehicles where people put money to make more money.
I just don’t see why anyone would put money into a DAO that is explicitly organized as a unprofitable as a typical coop. And even if someone was so charitable, I doubt that it would do any better than a regular coop would do with the same money.
