What is the description of DAO costs?

In fact, DAOs are “autonomous organizations”. Its description is true, but its meaning is abstract.

High markets pay more for the descriptive price, and the actual price is usually slowly used up in one or more cycles. In this cycle, we've been tracking many DeFi hotspots, from public channels and NFTs to Web3.0, GameFi, and SocialFi, and a lot of people are starting to think about the makeup of the Web3.0 ecosystem. So, as a solid foundation of the Web3.0 world, "DAO" has also become the next search hotspot.

So what is the descriptive value of DAO?

events

To better understand DAO, we can look at the first two cases of DAO.

The first impact on the US Constitution auction. The ConstitutionDAO hopes the profits will enable it to participate in copies of the US auction law at Sotheby's. This document is one of the 13 of the first 500 documents created for the Working Committee. Unfortunately, the DAO was withdrawn from the competition and the DAO was disbanded.

The second concerns EOS. On December 8, 17 masternodes in the EOS network adopted and finalized the agreement, which read "Stop releasing 68 million EOS tokens from the Block.one account," which forced the closure of 6% of all EOS tours. . The second activity was quickly extended to support the consensus of the EOS community. The EOS rate increases by 10% in the short term. EOS has also been hailed by the community and the outside world as "increasingly DAO-like".

easy

After reading the examples, let's talk about the basics of DAOs.

In fact, DAOs are “autonomous organizations”.Its description is true, but its meaning is abstract. To better understand, we can look at it dismantled.

decentralization

Decentralization means being more involved in voting and decision making than high level decisions by all communities. Every DAO member will be a green builder, not a trader, and everyone will be working towards the same goal. It is also the most attractive feature of DAO. All participants are eco-builders and benefit from eco-dividends. Decentralization represents justice.

freedom

Autonomy can be understood as the independence of a community. DAOs allow users to run applications written on a smart contract to access the public blockchain through a smart contract, and the terms and conditions can be determined as long as the most common participant-defined events are encountered.

Made a meme

Web3.0 is a new internet platform that demonstrates the power of participant "presence", and DAOs are the foundation for membership and business creation.The appeal of DAOs is that "pensions" like Sequoia have been abbreviated as the Twitter profile "We help create DAO legends from airdrops.LFG token ideas".

However, despite the good outlook and good outlook, there are still a lot of issues with DAO.

Infrastructure

First of all, if you have experimented with CAD and CAD manufacturing tools that are already on the market, you will see how little CAD can do today. Due to poor infrastructure.

Since Web3.0 and DAO are still in their early stages of development, they do not meet the needs of the community and have been used for various difficult situations. Currently, there is not enough room to think about DAOs, which are typically used in certain situations or in the management of certain policies. Many processes place “administration” in the application scenarios of their own tokens.

At the same time, the presence of hackers allows users to briefly explore DAOs. In 2016, DAO was hijacked, stealing a total of 3.6 million Ethereum in more than 200 attacks. Due to the financial shutdown due to the smart contract, the Ethereum community decided to use the hard fork to recover from the decision to vote within 28 days of the shutdown.

cost sharing

The second is the high cost of collaboration. I just said that many proposals have started adopting similar decisions to DAOs, but due to the difficulty of participation, each vote should have enough time for the community vote. The larger a community, the higher the shared value, which is also a distribution weakness.

This may also be the reason why so many DAO successes have taken place. The forms of semi-centralized and semi-decentralized operations have changed the way they operate. Small, centralized and reliable voting decisions of all members make big decisions and other trustworthy decisions. groups, that is, the locations of feeding centers. So even though DAO is a process of decentralization, it does not mean that DAO is fully decentralized and that the source of power is still there.

Awareness

Finally, there is the intellectual problem.

Many experts have delved into the building blocks of the Web3.0 world, but it's still only a small part of the team.

In "DAO can be hard, DAO Extreme", Mia Bao said that DAOs can be divided into 7 groups:

Infrastructure provides one-stop CAD services and tools

Financial management of DAOs, DAOs focus on real estate and property management;

Administrative and affiliate DAOs, DAOs in which users participate in administrative voting

Yield DAO, DAO together receive DeFi income after counting assets;

Guild, Guild Managed DAO, and YGG are prime examples of joining Play2Earn while working with players under DAO control.

Creator DAO, Creator & Media DAO here at an impact personnel;

The DAO Adapter uses DAO as the module configuration in the Web3.0 system for a variety of requirements.

Although DAOs can be divided into several types, they still have the same characteristics. Each DAO has centralized power and an administrative center.

The powerhouse is usually made up of staff, and members of this group are usually the creators and facilitators of DAOs and participate in the complex decision-making of DAOs. The decentralization process affects all DAO participants, and becoming DAO participants usually involves keeping both homogenized and inconsistent. The more you capture, the more you have, and DAO members will determine the overall direction of the DAO.

However, in order to have a significant impact on the organization, the DAO policy must be “predictive”. In other words, it is necessary to change the ownership of the plant.

A good example is the SushiSwap meeting with Maki. It can be seen that there is no power flow in the conflict that arises from SushiSwap DAO, and Maki, who benefited Sushi, can easily be pulled out of control. Nothing from research partner @ 0xTodd says: "

The machine mind wants to reduce the movement of energy, so that intelligent people cannot quickly enter the DAO ecosystem, and Web3.0 world building is not enough money to control their voice. New DAO. This is the self-defense of real power, the success of future DAOs and modern DAOs should solve the problem of use and limit the flow and disruption of energy to solve cognitive problems.

explain the value

It comes down to the value that was mentioned at the beginning.

“Value” can be understood in terms of business, industry or language skills. When we measure the value of an item, we should not only try to determine if the other person is willing to trade it in, but also consider the value of the other person in a relationship.

DAO embodies the importance of health considerations. Of course, this award also comes from the future. Just as people expect differences, people expect DAOs to bring people more fair and transparent organization. Its independence, lack of confidence and efficiency can solve many organizations around the world. Problems.

As DAO's mission is "everyone is powerful, everyone is powerful", this is also the value that describes DAO. However, DAO has a long way to go until the advent of the Web3.0 world.