Dao the way part 7

Do repost and rate:

Let’s talk about the framework of DAO particularly in the Constitution of DAO. Do we need a governing body for DAOs, what standard does a DAO need to comply to or do we not even need a standard for DAOs?

Three rules that DAO can follow and enforce to make its community operate more sustainable and resilient.

Before the Constitution

From Greek Mythology where rights were born to have, to Roman Empires where rights were conquered by military power to become monarchy to Medieval the church controlled the power, there was a long discussion on what the government should do for their citizens. Until John Locke “believed, contrary to claims that God had “made all people naturally subject to a monarch”, that people are “by nature free.”(Tuckness)”, the idea of Constitutional right to every human being was flourishing.

Federalism

Before the Constitution of the United States, there was a period of Federalism. The idea was that each State sent its representatives to join the meeting to discuss national issues. It failed miserably because no one wanted to waste time and travel a long distance to meet without any incentives received. 

Constitution

The idea of the Constitution is to create an agreement for every citizen to protect their basic rights through a government as the organization to follow and enforce such rules. The government cannot be either too powerful to crush their own citizens (like the British Empire at the time) or too weak that citizens could easily overthrow their own government (Like Fresh Revolution at the time). Then, the structure of the balance of power was born that could restrict the power of government by itself.

Direct Democracy to Open Democracy

Socrates is credited as a founder of Western philosophy yet was sentenced to death through direct democracy. Yet, true democracy has never existed in human history. Because if each person has to go through a voting process, nothing can be done. In contrast to open democracy where policies are submitted through a crowdsourced method and representatives work on policies that crowdfunding through rather than lobbying through the Congress by corporations.    

Rules to DAO

Ideas of political progress can apply to DAO. There are no set rules of communities in DAO and everyone can make up their own. However, the rule can have a spectrum between corporations-like that restrict DAO to operate under sets of rules few to create and to laissez-faire which community took over the control. 

I then proposed three rules to build DAO:

  • DAO will treat community members fairly
  • Community members should obey rules DAO voted and approved
  • None will proceed with activities to jeopardize DAO in anyway

The first rule is to help DAO become a sustainable community that members by no means can be exploited or treated as a dispensable resource. 

The second rule is to promote an environment that the community collective works through and becomes an asset to the community to maintain and to protect.

The third rule is to prevent abusing power to take advantage of their community or their members.

Of course, by not any means that such rules are strictly enforced and to follow but there are some extenuating circumstances such rules are to implement and help community members to grow and support each other.

In conclusion

As DAO progresses and becomes a more complicated organization, rules are likely to be implemented and enforced to make sure community members have an environment that supports their work and experience.

Stay tuned for the next article!

Photo by Mick Haupt Unsplash
Note: the post was shared on multiple platforms 

You can refer my previous article lists

Digital Commodities- the Unlimited Resources of Commodities Has Born

Universal Income in Crypto Way

DeFi 1.0 is Officially Dead - Welcome to DeFi 2.0

NFT Has a New Purpose

How Many Ads Are Too Much - Floki Inu Ads Got Backfire

Metaverse - Second Life Era

Bitcoin ATM Adoption and Its Potential Security Vulnerabilities

When Corporations Are Running By Everyone

The Fundamental Value Is Irrelevant

Coinbase At Huge Reputation Crisis

CBDCs' Flaw Design

Regulations Start Hitting Crypto Exchanges

From Bitcoin Standard To Zero-Knowledge Proofs - Decentralization 2.0

Shiba Hits 1 Million Users (Army) Milestone: What is Next?

How To Avoid Crypto Scammers

Crypto Philanthropy

Shiba Game - When Meme Meets Metaverse

Twitter CEO Steps Down - A Full-Time Bitcoiner

Change of Macroeconomy Landscape

CBDC Is Losing The Game

Crypto AWS

Doge The Future

El Salvador's Bitcoin

Market Sentiment Has Changed

Brief History of Ethereum and How Ethereum 2.0 May Over Promise

Crypto Is Getting Real

Who Cares If Craig Wright Is The Real Satoshi

Institutional Investors vs. Whales

What Happened In BadgerDao

A Proposal To Move Bitcoin Mining PoW Away

IMF Keep Crying Out, Crypto Adoption Keep Accelerating

Dogecoin Is Back to Top 10 But The Moon Shot Is Looming

How to Avoid The New Wallet Scam

Defi Enters To Crypto Bond Phase

What Types of Metaverse You Want

Global Regulations Are Coming Or Can They

IMF Did Have A Plan to Run Global Regulations

Doge Starts Moving

A New Malware Will Steal From Telegram

Smart Money Is Out, Institutional Money Is In

Wait, Web3 or Web 3.0 or web3

Airdrop?! Not So Lucky Anymore!

2022 Prediction #1: L1 Scalability

2022 Prediction #2: L2 Bridges

2022 Prediction #3: Zero-Knowledge Proofs or ZKPs

2022 Prediction #4: Regulated Defi On-Chain KYC

2022 Prediction #5: Institutional Crypto Adoption

2022 Prediction #6: Defi Insurance

2022 Prediction #7: NFTs-Based Communities - DAO 1.5

2022 Prediction #8: Metaverse and NFTs

2022 Prediction #9: Web2 Companies’ FOMO

2022 Prediction #10: Time for DAO 2.0

Craig vs People

Polygon Enters ZKPs - Plonky2

Crypto.com Backfire - When Centralized Crypto Service Panic

Coinbase NFT Marketplace

Crypto Paycheck

Coinbase Customer Service Alive

When Meta Patented Metaverse

When You Want Someone Forget About What You Did, Just Change You Name

When YouTube Enters Into NFTs

Facebook Just Did the Rug Pull

Bridging Between Web2 to Web3 Through NFTs

DAO The Way Part 1

DAO The Way Part 2

Who Is The Winner of The Crypto Adoption

Phishing Attacks

DAO The Way Part 3

What You May Expect NFTs After 6 Months and Beyond

DAO The Way Part 4

Licensed NFT vs. IP Law

Wormhole Hack - It May Not Be a Bad Thing

Preventing Rug Pulls

DAO The Way Part 5

Lessons Learned From Wonderland DAO

DAO The Way Part 6

Learn How To Defi Part 1

-------------------------------------------------------------------------------------

Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость