Instead of DAOs, how about decentralized autonomous societies (DAS), decentralisation at a societal scale? These are still very immature technologies. The use case for smart contracts and DAOs will first be in small-scale corporate governance and associations, before they could influence the structure of large-scale models of organization. The problems are super-state entities are due to those in power being removed from the consequences of their decisions. Why are there so many sharks and scams in these areas? Decentralization is the poison pill of large organizations designed to centralize more and more power.

CORRECTION: At 5:00, I mention “the difference between democracy and demarchy.” What I meant to say was “pure democracy,” not demarchy, which is ‘rule by the randomly selected.’

These questions are from the ‘Internet of Money’ tour event in Seattle and the November monthly Patreon session, which took place on November 10th and November 17th 2018, respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

source

19 COMMENTS

  1. I agree company type structures will be the first to use it. and I think it will give them significant advantage over groups that do not. which will lead to larger company type groups forming and gaining power, while the ones that are slow to move (ie govt) will lose out. the whole geographic-based people-farming paradigm is going to have to change i think.

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