It seems this point eclipsed Rauol Pal and the guest on one of his shows. He was relating how it was impossible for him to fit Real Vision into a DAO.
In this video I explain why that is the case. It starts with understand what a DAO is, and what it is not.
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Summary:
In this video, Task discusses the concept of Decentralized Autonomous Organizations (DAOs) and the misconception surrounding them. He references an interview with Raoul Pal where they discuss the challenges of making Real Vision a DAO. Task emphasizes that DAOs are suitable for autonomous organizations where decisions are made by the community through voting, without the need for a central authority. He explains how DAOs function and gives examples of potential applications, such as a trading program or an autonomous taxi service. Task clarifies that while Real Vision may operate digitally, it is not structured to be a DAO due to the need for leadership and day-to-day decision-making.
Detailed Article:
Task delves into the topic of DAOs, inspired by an interview with Raoul Pal where the challenges of implementing a DAO for Real Vision were discussed. He highlights the misconception that Real Vision could function effectively as a DAO, pointing out the necessity of having decentralized authority and autonomous decision-making processes in true DAOs. Task clarifies that while Real Vision operates digitally, it does not fit the criteria of a DAO as it requires leadership and continuous decision-making, whereas DAOs operate without centralized control.
Task illustrates the structure and benefits of DAOs, emphasizing their autonomous nature where community members decide on actions through stake-weighted voting. He mentions the success of decentralized organizations like the Decentralized HIFU that operate without leaders and execute decisions autonomously. Task suggests the possibility of setting up DAOs for various purposes, such as trading programs or autonomous services like taxis, where stakeholders contribute funds and receive tokens representing their stake in the organization.
Moreover, Task explains the potential functions of a DAO, such as trading autonomously and distributing profits based on stakeholders' contributions. He outlines a scenario where individuals collectively invest in an autonomous taxi through a DAO, receiving tokens in proportion to their investment. The DAO then operates independently, handling expenses like charging, maintenance, and services through community decisions and coding, minimizing the need for centralized management.
Task concludes by contrasting the characteristics of a DAO (Decentralized Autonomous Organization) with a DO (Digital Organization), highlighting the distinction between autonomous decision-making and the requirement for leadership in organizations like Real Vision. He underscores the importance of understanding the fundamental principles of DAOs to avoid misconceptions and misapplications in real-world scenarios.