DAOs are getting some attention these days. However, since it is new, it seems we need a warning. It is very dangerous now with a lot of stuff that will mirror the ICO craze and the early days of DeFi. For this reason, people should be careful.
In this video I discuss how DAOs are going to replace the corporation as the main business entity and will be a foundation for what ultimately becomes the Metaverse.
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It still makes me wonder what will be funding the DAOs in the future. Is it just going to be their own token? Or will people have to contribute their own funds to the pool? Another thing to consider is whether or not the DAO will be priced in dollars too because it's easy for people to track due to the volatility.
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What funds a corporation? It is simply another ownership structure.
Ultimately, the key is revenues.
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My friend that's a lawyer has spent the past couple if months understanding the crypto market. His main focus was on DAOs and how he can adapt his legal studies to them.
He's quite certain that the idea of DAOs will transcend even the crypto industry as a whole.
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Well I am not sure transcend it since crypto will be intertwined in it. That is the point, crypto is not going to be its own industry but intertwined in everything.
Yet he is right, it will be huge. All businesses will be touched by the DAO going forward.
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There are states like Wyoming that already approved it as a legal business structure so I am not sure the basis of your conclusion.
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I think you are spot on here. I won't be crying any tears for corporations, that's for sure.
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DAOs are more inclusive than the corporations.
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Yes, it's no wonder the mainstream media try to promote them as scams. Bring on the DAOs i say!
Well they need a lot of work. But it is a process just like everything else.
We have to keep building.
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sorry friend but the DAOs that are to better understand the publication.
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There is still a lot to be done. I am not sure the cancel culture is really the threat. I get your point but, in the end, we are talking about something much bigger.
After all the FUD, we still see crypto growing at a pace that exceeds even the adoption of the Internet at similar stages. So people are drawn regardless of what the media is saying.
The key with infrastructure is to make this stuff easy. We still fall short in that area. Once we make things a lot easier, the FUD will have no impact whatsoever. People will flock in.
Sadly that is another couple years down the road in my guesstimation.
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