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RE: Why It Is Time To Take DAOs Seriously

in LeoFinance4 years ago

DAO is really powerful, during the end SARS killings of citizens two years ago by the Nigerian government, DAO was set up and people participated in a sort of gofundme in Crypto, rasing millions in crypto autonomously and funding the protest. The government was scared and had to ban Crypto trading, they were scared of people raising that much Money and they can't even point a face to the people doing it.

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Crypto is the death of the Nation State.

Exactly, I mean, with how powerful aspects like DAO can be, I certainly don't doubt it.

The GoFundMe model, in my view, is going to change. We are seeing the limitations in that which is only going to cause someone to create a new option. This is most likely going to be based upon cryptocurrency.

Of course, the AssangeDAO shows it is already in place to a degree.

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If the model would change, im certain it'll change to even become better. The model is already a headache to certain government like the Nigerian government

Yes but it is still a centralized entity.

Just think about the idea of GoFundMe as a DAO. I am not sure how that could work exactly but we have the DHF which distributed funds based upon what people vote upon.

Could something like that be set up as a DAO to distribute funds in a similar manner (sans the voting perhaps)?

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