DAO's exist to create change in the world and manage resources
What kind of change does Web3 as a community want to see in the world
Companies are what change the world and manage resources
People are what change the world, therefore everything is about managing people and programing them
We need to program people with attention
The world operates by moving energy from high energy states to lower energy states in interesting and complex ways, just like watter flowing down a river
How does a Dam work into this analogy
A dam holds back energy until specific conditions are met
DAO's are like Dam's, holding back money (energy)
This energy has to be used for productive work
The problem of DAO's is multifold
How do we define productive work
How do we price the work we want done
How do we find the people, processes, and things to actually get the work done
How do we judge the work when it is done
How do we manage identity and reputation
How do we deal with crimes and incompetence
Alright everything talked about so far all has to do with theory, first principals theory, but theory never the less
We do not want to deal with theory we want to be the change we want to see in the world
What kind of change do I want to see in this world.
Brainstorming
I want to see wagecucks paid in crypto
I want to see Upwork and Fiverr turned into a protocol
I want to see Taxi's, Food Delivery, Handyman as a Service companies managed using DAO's
I want to see financial services turned into DAO's
Life/House/Auto/Health/Everything Insurance
ETF's and Mutual Funds
Education/Retirement savings plans
Bank accounts that give REAL interest
Avae/Swissborg are examples
I want to see family finances managed using DAO's
Deal with assets after death
Deal with Divorce
Children get their first bank account as part of the family unit DAO, similar to a piggy bank
I want to see small bussinesses use DAO's
The benifit of a small businesses using a DAO is that THEY ACTUALLY GET A RETURN ON THEIR MONEY
Get small business loans from other DAO's (Financial DAO's)
Incorperate using a DAO rather than an actual businesses
I want to see big corperate using DAO's
Payroll software like Sage, but blockchain based
Issue corperate debt, like actual corperate debt
Be able to go bankrupt
Property deads will need to be managed using DAO's
Is this even possible or reasonable?
What kind of assets can you tokenize and actually turn into a DAO to use as assets?
The issue with corperations is that there are always people to do thing, for example if a corperation own's a house there are people that manage the house, the government can call someone at the company when there is an issue with the house
The issue if there is no crypto government therefore traditional corperations are needed to bridge real world assets!?!?!?
That can make tokenizing real world assets pretty expensive
Arbatration
Alright what about a minimum viable DAO what do those look like
Issuing a stable coin
Issuing a algorithmic coin
Managing actual resources (Brave), though they are not really a DAO they are an example of a businesses that manages a traditional government regulated resource (ads) with crypto
Can we do something similar for housing, have a company raise tones of money with DAI or similar currency and then proceed to buy assets
Creating a videogame?
Managing royalties for music!?!?!?!?
TODO list all the examples of recuring payments for services I can find
Can a SaaS be managed as a DAO
Can you pay for services setup via Terraform via crypto!!!!!!!!!!