DAOs: The Future Of How Businesses Are Structured

taskmaster4450 in Threespeak - OLD • 4 years ago (edited)

Cryptocurrency allows for an entirely new business structure which fits with the advancement of robotics and automation.

We are seeing the move toward more automation which scares people. The prospect of advanced technologies ending up in the hands of a few people (Wall Street companies) is likely. We need to do all we can to combat this.

DAOs might be a great way to allow people to have stake in many different companies that are automated. Instead of catering to a few Wall Street types, we could see a way for people to get involved in many different businesses using tokens.

This is going to be something to watch as we go forward. Do we see an explosion of DAOs opening up over the next few years?

▶️ 3Speak

#crypto #daos #steemleo #marlians #neoxian #dblog #threespeak

4 years ago in Threespeak - OLD by taskmaster4450

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andrew.yang2020 4 years ago

This would be awesome if that's the case. Distributed governance and accountability.

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steem-ua 4 years ago

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ai-summaries last month

Summary:
In this episode, Task discusses the concept of Decentralized Autonomous Organizations (DAOs) and emphasizes their importance in the era of automation and cryptocurrency. He explains the functioning of DAOs, how they can utilize blockchain technology and issue tokens to allow ownership and generate revenue. Task gives examples of how DAOs could be applied in different industries such as autonomous vehicles, automated coffee makers, and even compares Bitcoin to a DAO. He envisions a future where DAOs become prevalent as a way to ensure democratization and access for all individuals, rather than being controlled by a select few.

Detailed Article:

Task starts by introducing the topic of DAOs (Decentralized Autonomous Organizations) and highlights their significance in the evolving landscape of technology, automation, and cryptocurrency. He explains that DAOs are autonomous organizations that do not require constant human input to operate efficiently. By issuing tokens against assets on blockchain, DAOs grant ownership rights and potential revenue streams to token holders.

The discussion dives into various examples where DAOs could be implemented successfully. One such case is with autonomous vehicles, where a vehicle represented on the blockchain with an NFT (Non-Fungible Token) could issue fungible tokens to investors, enabling them to receive a share of the revenue generated by the vehicle. Similarly, the concept could be extended to automated coffee makers, where customers could pay in different cryptocurrencies and have ownership through tokens issued against the coffee machines.

Task draws parallels between Bitcoin and a DAO, explaining how the decentralized nature of Bitcoin and its operation without continuous human intervention aligns with the principles of a DAO. He envisions a future where exchanges and other platforms could be structured as DAOs, providing ownership and decision-making power to token holders while ensuring automated operation with minimal human involvement.

The episode emphasizes the potential democratization and inclusivity that DAOs could bring, allowing more individuals to participate in and benefit from various ventures. Task underlines the possibility of DAOs becoming the preferred business structure in the future, offering a more equitable and accessible model compared to traditional corporations controlled by a select few.

In conclusion, Task asserts that DAOs are a trend to watch out for in the future, presenting exciting opportunities for widespread participation and ownership. He envisions a shift towards favoring DAOs over conventional business models, driven by a desire for democratic control and shared benefits among token holders. The episode encourages listeners to explore the potential of DAOs and engage with this emerging organizational structure.

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