DAOs and Voting

Fundamentally, a DAO is about automating voting processes in the context of a deterministic collective with assets.

Or in less stupid language - it's a computer program thingy that controls some money and does what its owners tell it to when enough of them agree on what should be done.

As it happens, voting is a complicated and subtle science, with plenty of empirical data for us to examine from the real-world of democratic (or not so democratic) voting systems.

In this episode I talk briefly about two voting systems that have been implemented in DAOs, and the advantages and disadvantages they have.

Even though I didn't study PPS (Politics, Psychology and Sociology) at Cambridge. And who would have thought that degree would actually have a practical use in blockchain?

Certainly not me.