What Is a DAC? - Explained
6 years ago in #eosdac by eosdac (58)
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That was quite helpful. A few thoughts. When you discuss a person proposing an idea and having it voted on, it sounds great, but what we see on steemit is that it is actually very difficult to get posts noticed, even if they are high quality, unless you have a lot of vests (or befriend those with lots of vests). The end result is, in essence, rule by the powerful few. Of course you can argue that they have invested the most and should have the most say, but they may not always have the best ideas, and they may not always vote in ways that are best for community in the long term, opting instead to vote for what is best for themselves in the short term. Do you have any idea on how DACs could address this issue?
Second, my hypothesis (and I will be looking at data to try to write a longer post on this) is that it is getting harder and harder for people to live a decent life today, because producing enough value for a decent life is requiring one or more skills that are at the upper end of the distribution. For example, if you look at the set of human skills, then create a distribution of people for each skill, many will be middling, with much fewer at the high end. Due to technological disruption, providing value to make a decent living requires people to have skills farther and farther on the high end of the distributions--way above the average human for that skill. But humans have not evolved as fast as technology, so most humans will have skills that are largely average. Can DAC's address this issue, or will DACs just make it worse? Consider the complexity of facebook (upvote at will and post what you want) vs. Steemit (with a PhD in computer science it is practically impossible for me to figure out how the rules really work). DACs may make it even worse for average people. I don't think our society can survive if it continues to leave average people behind economically. Look what has happened with Brexit and the last US election. People are upset, don't understand the causes of the problem, so just vote for radical change without understanding the implications.
Great comment @toddrjohnson
Of course DACs don't fix everything wrong with Steem network at this time..
Ned has proposed some ideas, with Oracles that help the network run smoothly, but also weed out bad actors and bots. Also Communities (think sub-reddits) fix much of what you speak of (silo-ed content).
Steemit is an experiment; it needs Hivemind and other components to be a completed design, and it's just one possible "version of many" and different ways to "present" the Steem blockchain.
" rule by the powerful few" - it's experimental and it's being invented at this time, still.. by some really amazing people, I must say.
Check out Kent at eossandiego on youtube, and see what he has to say about his new Challenge app. It's on EOS, but it could be on Steem too; it might be better on steem but who knows..
I think of EOS as more Enterprise computing apps, and Steem as social media replacement. EOS can do multi-sig contracts (think estate planning) and has more to prove in the next year. Steem is solid and is ready for any number of better presentations to the public, once a few more pieces are put in place.
Just casted my vote for you as STEEM witness.
You are doing an amazing job. Keep doing it!
eosDAC is an EOS Block Producer, but not a STEEM witness. Thanks though.
I cast my vote for your steemit account @lukestokes.mhth as steemit witness (maybe not the best post to comment on though ;-))
Great explanation I you got a vote from me.
That was truly inspiring and super clear, thank you so much. I now have a better view on the potential of DACs. Working in the "new ways of organizing" field, I'm looking forward to the future of eosDAC and all the experiments that will unfold, because I'm pretty confident as well that it will reshape our organizations and our economies.
Hi @eosdac and @lukestokes ! Great informative video, thanks for sharing and educating the community!
When and where can we buy eosDAC? The reason I ask is because I believe the eosDAC being traded on exchanges is still a ERC20 Token. Am I right?
Would be great to know when are we going to see eosDAC on the mainnnet?
Regards, @gold84
What is trading on exchanges is not a token at all. It's a private database entry. The ERC20 tokens themselves are frozen and will not transfer again ever. When withdrawals and deposits open up again on exchanges, it will be the EOS token on the EOS blockchain.
Thanks @lukestokes ! This was what I thought, however, I wanted to make sure.
Regards, @gold84
Awesome video!!!
Thank you for this good work.
I've been showing this video around to the future leaders of various 3rd world nations, some of which are experiencing horrible recession, inflation, and hunger, and this video made an impression!
Current banks, and corporate structure is not based on Volunteerism. It's not based on much besides greed in fact. Current world exconomics certainly does not attempt to honor and encourage people to find their niche and do what they like in life.
They don't encourage people to do much except beg the wealthy and powerful for a job..
DACs address something that has needed attention for a very long time; communities banding together to take care of their own needs, and a structure we can point to for assembling the resources of many to do so.
I notice this is a rarified subject; people are not really ready (most) to talk about re-establishing the corp world for a better world.
I'll quote LUKE (why do I feel I'm in church?!):
"It is social. Global, non-violent consensus combined with permission-less access enables anyone to build previously impossible tools for human interaction. Blockchains may be inefficient linked data lists, but that’s not the point. The point is they remove the need for a centralized authority to coordinate access grants. Everyone can participate, and, importantly, no one is excluded. The breakthrough is in its voluntary nature."
thank you very much for all the information.