Topic: DAO with or without rules ? and results ? (Read 293 times)

"IO vs DAO.

The "DAO" experiment last year was at attempt to extend the idea of decentralization not only to base-level protocols, but to human-level organizations themselves. The premise is all wrong. The purpose of markets is to discover which entities are trustworthy: to sort the wheat from the chaff. People who overvalue the concept of "trustlessness" assume that all organizations are equally untrustworthy, but this couldn't be further from the truth.

It's simple: protocols work better when they are decentralized, organizations work better when they are centralized. In the early days of the internet it was considered important for DNS to be decentralized, so that everyone around the world could plug into the same standard instead of having competing interests attempting to act as a gatekeeper. But that doesn't mean individual websites, apps or blogs have to be decentralized. That wouldn't make sense.

"Trust" by Francis Fukuyama looks at this question in depth. There are many benefits to compact, flexible, high-trust environments with a clear chain of command in terms of productivity and cooperation that can't be achieved via dislocation and decentralization at the human level. As long as it is embedded in a framework of freedom of association, I would argue centralized strategies are superior.

That's why with Pax I'd like to offer the concept of "IO's"- Incorporated Organizations- as an alternative to the DAO fallacy. IO's are centralized companies which have their crypto-legal entity on the Ethereum blockchain. You can define specific roles, create tokens, create contracts with other entities, set salaries, define rights and responsibilities similar to an LLC. And the goal would also to be to insure IO's in the same way that LLC's are insured, to give founders the protection they need to build a business.

That's where we start." Ph.S.

all altcoin nothing about regulation and law
after dao dilsited from poloniex, iam never use dao coin
nothing get information about dao, because iam not use dao coin again

There was DAO with no rules no law entity and no instruction of exploitation. Very big success in crowdfunding.
BTCBTCBTCBTCBTCBTCBTC
There was DO also called HongCoin with rules and entity but in HongKong. Very small success in crowdfunding.
BTC

DO < DAO

Is community authorities most important or did people get afraid of rules and 3 years run of investment in ASIA which is not super stable region??