The Way of the DAO and a DAO for the Way

It takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!

Change without progress makes us all the more vulnerable to gatekeepers and other predators that are all too happy to exploit the illusion of gain. For those of us who are fluent in web3 and at ease in talking about Decentralised Autonomous Organisations (DAOs) it can be really jarring to see the label “DAO” slapped on all sorts of things that are anything but. Decentralisation of capital, if even that much is sincere, isn’t enough. For a DAO to be real you also need decentralised governance, actions, coordination and motives.

  1. Governance mechanisms must be progressively decentralized yet stewarded by those with vested responsibility, with clear methods to rise to greater levels of community recognition — again, beyond financial capital at stake. A DAO is not about pure majoritarian rule or a flat holacracy. Just as activity and contributions are dynamic, the weight of each member’s authority, responsibility and vote is also dynamic.
  2. A DAO must also maintain its own vitality through the surfacing of serendipitous connections and value exchange between members and adjacent ecosystems, where members gain in life thanks to the trust that grows between them through repeated interactions of surprising quality.. Discovery of meaningful signals matters, and actions by members within the DAO must match its principles and values. Every action members take must actively drive the DAO forward, far beyond the capital at stake. An incentivized co-op model, where who a DAO is made of, by, and for matters just as much as what it is about.
  3. How does one get in? Coordinated decentralisation doesn’t mean everyone who shows up to the arena gates gets in or a free for all royal rumble steal cage match. An effective ticketing system guarantees works for the benefit of the members and decentralisation overall. Just as encrypted time stamps do for blockchain. Proactive participation and skin in the game go beyond the ability to put capital at stake. Are the members engaging in actions aligned with the purpose of the DAO before they become members and is there some way to evaluate that?
  4. And finally, a real DAO must reinvest in public goods to ensure the routing of value to everything around it for lifting all boats. It’s not a charity; it’s a for-profit for-good for all model.

Hey! I’m Emma-Jane! I’m a 23 year old fashionaut amongst other things

I am the founder of DIGITALAX and a bunch of other stuff in web3. 😆

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