How far does the DAO concept go from concept to practical application?

老雅痞

22-02-10 09:30

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Forbes: DAO had a great idea, but the reality was skinny!

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Have investors and fans really figured out everything else they can do with the DAO scenario?

One strange aspect of web3 and the decentralized build is the enthusiasm to reform the financial infrastructure, which is to re-reform what has failed in the past in the hope that "this time it will be different". In an interesting example from the sports world, WAGMI United, a business, is apparently planning to use cryptocurrency to buy a British football team. WAGMI United's backers (including Philadelphia 76ers president Gary Vaynerchuk, Tiger Global, and Slow Ventures) are considering splitting ownership, which could lead to a decentralized autonomous organization known as the DAO in the future. And that's not the only example from sports circles: There are other DAOs active in this area, like Links DAO, who plans to buy a golf course, and Krause Hause DAO, who plans to buy a basketball team.

如果你最近一直迷茫，我应该提醒你，DAO 是一种基于区块链的组织形式，通常由本地加密 Token 来管理。拥有这些 Token 意味着有能力对 DAO 的政策进行投票。DAO 使用 "智能""合同"（即可能并且经常因为软件而出错的应用程序）来管理这一过程，并协调努力和资源。我很喜欢 Jonah Erlich 的表述（他是 ConstitutionDAO 的成员，该组织试图在拍卖会上购买美国宪法的一个原件）：他说，DAO 是一个 "有银行账户的群聊"。

因此，这对体育来说意味着俱乐部使用所有权 Token 进行决策，这听起来很吸引人，对球迷来说是一个真正的参与机会。

Will reform be different this time?

Maybe, but maybe it's time to learn from history, because we've tried a raw DAO football club in England. The club is called Ebbsfleet United and it has played an important role in the evolution of the Football DAO, as it happened back in 2008 when it made headlines in the UK for being taken over by an online community. The experiment was a good start, as the club won the FA Cup (a national knockout competition for minor league teams) just a few months after taking over, beating Torquay United 1-0 in front of 40,000 at Wembley's National Stadium. They finished halfway through the league this season and then-manager Liam Dash was able to use investment to retain players he would not have been able to afford without crowdfunding.

I think many social anthropologists would argue that the way fan crowdfunding has evolved is entirely predictable. After the investment, the fans vote on who should pick the team, themselves or the manager: they choose the manager every time. That's exactly what I want to do. If I had a vote on how City should line up this weekend, I would inevitably give it to someone who knew what they were doing (in this case, Pep Guardiola, one of the most successful managers in the history of the game). Why on earth would I let people like me decide things they have no apparent ability to do? (Don't give me that "wisdom of crowds" crap; social media has rendered it irrelevant.)

(Editor's Translation: This paragraph actually means the tyranny of democracy, democracy does not mean advanced, only majority rule. The results of democracy can be chaotic and anti-intellectual.)

Wilbrooks, who originally came up with the idea, later said, "One of my biggest lessons is that democracy is not necessarily an advanced way of making decisions." I think this is probably true of any other DAO as well. Even if there is the wisdom of the masses to tap into, people have other things to do and can be influenced by other things.

Such communities tend to quickly evolve into groups where a few coordinate their actions and the majority are happy to delegate responsibility. You'll get guidance on organizing cliques or councils in real life. As a result, there is a trend towards what Hester Peirce, the SEC commissioner, calls "shadow centralisation".

In the end, the ebbers opted for two thirds of their shares to a trust fund and the other third to one of the club's main shareholders (run by a group of Kuwaiti investors). They have survived and, at the time of writing, are third in the National South League (the sixth tier of English football).

Web 2.5

All of these examples make me wonder where the DAO will end up and whether people really want daOs. Richard Brown, cTO of corporate shared ledger firm R3, approaches this issue from a very sensible Angle in an interesting article, pointing out that true decentralization would create a parallel financial system where anti-money laundering, KYC, and CTF rules do not apply. A system that does not apply investor protection rules. A system that doesn't recognize investor rules. Whether you think this is a good idea or not, Richard is right to point out that this is not a new environment, but one we once had, but no longer have. In other words, if westworld exists, we live in it.

有趣的是，DAO 实际上已经在探索真正的狂野西部。在怀俄明州，DAO 一直在购买土地，尽管是作为一个 "概念验证 "来实验在分布式账本上拥有房地产意味着什么。实验背后的人之一，Max Gravitt（Kitchen Lands DAO 的成员），称这种所有权形式为 "高度流动性和全球性"。它允许他轻松地转让土地的 Token 化股份，尽管它离自由主义革命还有一定距离，因为 DAO 拥有的实际物理土地仍然受到法律和许可证等的限制。当被问及这将走向何方时，其他 DAO 所有者之一说："没有人真正知道。就像，现在只是有很多看起来善意的东西"。

(It may be that this commentator has never actually met anyone in real estate, and I don't want to be that person, but I'm not sure integrity is actually the bedrock on which this sector of the economy depends. Still, real estate agents do score higher than congressmen and car salesmen in ratings of the honesty and ethical standards of some American professions.)

The call for the co-evolution of Westworld and the new technologies that created the economic world gave me the opportunity to mention one of my favorite books, Professor Edward J. Balaison's Fraud: A History of America from Barnum to Madoff.

(I talked to Ed about his book a few years ago, which you can listen to on Soundcloud).

The book describes the evolution of regulations and institutions that protect consumers and investors from the golden age of fantasy. Reading this, I can't help but see that the world of web3 and its pristine metaverse resemble America in the days of railroad barons. All this concept sounds great as your own bank and we don't need it, until your grandma clicks on a scam link in an email and her house suddenly belongs to some anonymous wallet in Minsk in three nanoseconds.

一个更有效的金融系统的想法是基于在半透明的账本上交易 Token ，这实际上是相当吸引人的，因为正如许多人所观察到的，金融中介的成本是对经济的一种税收，它将资源从我们需要维持生活水平和经济增长的更多生产性用途中引导出来。但这并不意味着没有监管和制度：真正的去中心化系统就是无法生存，它们会变异为中心化系统（即代表制和共和国）或匿名的寡头政治。我不知道该怎么称呼 defi 技术和 cefi 治理的组合，但现在我把它称为 web 2.5，看看是否能坚持从概念走向实际的应用领域。