An interesting read! Somehow I am getting a lot of parallels with parts of Occupy Wall St. and/or the anarchist movements. But with a main difference that the class warfare is now replaced with web3.0/decentralized vs web2.0/rent-seekers/centralized "warfare". The question that will need to answered is also what is the largest possible DAO? Probably only the smaller ones can be successful long-term. So, are DAOs tech-anarchism where you can also get wealthy in the process?
Yes, I think there's a rebellious/libertarian and anti-centralization streak baked into the entire space that views the web2 platforms as entrenched, rent seeking molochs (the way the big banks/might be regarded in the traditional economy although I'm not sure the perception is correct since they don't seem to be earning excess profits..). I have no idea how big a DAO can get and I suppose it depends on the definition of size. A lot of people can be passively/economically involved but how much can the group of active participants/builders scale? What is Dunbar's number for a group of strangers who met on the web?
I do not know about the Dunbar's number, but my own anecdotal experience in several of autonomous/alternative organisations was that every single time there was a concentration of work/effort/engagement in a couple of people.
Usually many more are motivated at the beginning, but then life happens.
I think the best shot for web3 is the financial success or promise for the ones who participate. How many people would talk about it if there was no potential to get rich with their tokens?
An interesting read! Somehow I am getting a lot of parallels with parts of Occupy Wall St. and/or the anarchist movements. But with a main difference that the class warfare is now replaced with web3.0/decentralized vs web2.0/rent-seekers/centralized "warfare". The question that will need to answered is also what is the largest possible DAO? Probably only the smaller ones can be successful long-term. So, are DAOs tech-anarchism where you can also get wealthy in the process?
Yes, I think there's a rebellious/libertarian and anti-centralization streak baked into the entire space that views the web2 platforms as entrenched, rent seeking molochs (the way the big banks/might be regarded in the traditional economy although I'm not sure the perception is correct since they don't seem to be earning excess profits..). I have no idea how big a DAO can get and I suppose it depends on the definition of size. A lot of people can be passively/economically involved but how much can the group of active participants/builders scale? What is Dunbar's number for a group of strangers who met on the web?
I do not know about the Dunbar's number, but my own anecdotal experience in several of autonomous/alternative organisations was that every single time there was a concentration of work/effort/engagement in a couple of people.
Usually many more are motivated at the beginning, but then life happens.
I think the best shot for web3 is the financial success or promise for the ones who participate. How many people would talk about it if there was no potential to get rich with their tokens?
Matt Levine had some good points yesterday: https://www.bloomberg.com/opinion/articles/2021-12-21/there-s-inside-information-in-sec-filings