43 sats \ 1 reply \ @om 4 Nov 2022 \ on: DAO's Don't Make Sense bitcoin
Overall: just because Bitcoin doesn't support it doesn't mean it's bad. Stop FUD.
The critique is correct but DAOs are already working around it. Rari, one of the most successful DAOs, has abandoned its flat structure last year. Metropolis works on bringing hierarchical DAOs to the masses.
Same as Bitcoin hodlers, really. Don't KYC yourself.
Eric Voorhees closed his ShapeShift company and converted it into DAO to avoid all regulators altogether. Going well so far.
Same for every LN node.
I am not saying DAO's a bad, no idea is bad, I am saying their are clear holes in the idea and the implementation, it's not FUD to point that out.
I just don't think you NEED a blockchain or a token to be a DAO, you can have a treasury, you can have distributed labour and freelancing without it being on-chain, in theory any opensource project can be one
As for your examples, I don't see how they really make a case for those products being vastly improved versus other options and how they would outcompete a centralised offering
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