From Pub to Protocol: Are DAOs the Next Chapter in How We Organize? 🤔

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Picture this: London, 1600. A lively pub, minds buzzing with ambition. A group of wealth men hatches an audacious plan – a joint venture to trade in the East Indies. Little did they know, the charter they’d soon present to Queen Elizabeth I would birth the English East India Company (EIC), a behemoth that would redefine global commerce and, in many ways, how we organize ourselves on a grand scale.

The EIC, for all its complexities and controversies, showcased the sheer power of pooling resources and coordinating human efforts across continents. Over the ensuing centuries, the “joint venture” seed blossomed into a forest of top-down organizational models – corporations, foundations, even democracies – each with its own intricate management theories and hierarchies. Just stroll through an airport bookstore; the sheer volume of “how-to” guides for navigating these pyramids is staggering!

But for eons, scaling beyond a certain point meant building up. True bottom-up organization, where power and decision-making flow from the community, remained largely a dream, constrained by the limitations of technology and geography. Even the early promise of a decentralized internet has largely seen a gravitational pull towards centralized control.

Then came the blockchain revolution. Suddenly, the game changed. For the first time, we have the potential to coordinate massive, borderless communities from the ground up, unbound by traditional constraints. And right here, within the Internet Computer ecosystem, we’re not just talking about it – we’re doing it! We’re on the frontier of scaling bottom-up structures in ways humanity has never before witnessed. It’s exhilarating!

Think about it: it took centuries to refine the art of top-down organization to a global level. While I’m optimistic it won’t take us quite that long to unlock the full potential of bottom-up models, it’s clear we’re in uncharted territory. We’re the pioneers, the experimenters. There’s no dusty management tome on the shelf that tells us exactly how to run a thriving, large-scale DAO. We’re writing that book as we go, through our successes and, yes, our stumbles.

So, let’s zoom out for a moment, beyond the daily forum posts and into the realm of what’s next. Fast forward 50 years: What does the landscape of Decentralized Autonomous Organizations look like? :crystal_ball:. Not what does it look like now and what needs to change… but longer term, what are we aiming for?

I’m genuinely curious to hear your visions! Will liquid democracy be the dominant way we reach consensus? Will tokens remain the key to community inclusion and governance? How will we bridge the divides of language, geography, and time to truly coordinate thought and action in a decentralized world?

Are DAOs even the final form, or will they morph into something we can’t yet imagine? Or perhaps, do you believe the inherent efficiencies of top-down structures will ultimately prevail?

Let’s spark a conversation about the long game. What are your boldest predictions, your wildest ideas, your most insightful questions about the future of decentralized organization? Let’s build this future together, one thoughtful response at a time! :backhand_index_pointing_down:

(AI Note - I used Gemini to clean up this post and make it more engaging)

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Aristotle is credited with first describing the wisdom of the crowd principle.

In his work Politics, he wrote “it is possible that the many, though not individually good men, yet when they come together may be better, not individually but collectively, than those who are so, just as public dinners to which many contribute are better than those supplied at one man’s cost”.

Some funky experiments have demonstrated this concept in an almost uncanny way.

In 1906, a contest was held at a county fair in Plymouth. 800 people participated in estimating the weight of a slaughtered and dressed ox. Statistician Francis Galton recorded an uncanny outcome: lots guessed way over or under, but the median guess of 1207 pounds was accurate within 1% of the true weight of 1198 pounds. The crowd’s guess ended up more accurate than those from both the individual amateurs and experts.

Another famous case was demonstrated by finance professor Jack Treynor in the 1980s. 56 students were shown a jar full of jellybeans and asked to guess how many the jar contained. The average guess was 871; the actual number was 850, an error of 2%. Only one student out of the 56 guessed better than the crowd’s average.

A book by business columnist James Surowiecki, The Wisdom of Crowds, delved deep into the topic. James concluded that, in the right circumstances, the crowd will indeed make smarter decisions than even an elite few.

TACO DAO is about to conduct a similar experiment. TACO DAO is all about having a cool tool for treasury management. One by one, it’ll select ‘trusted tokens’ to compose its ‘shared portfolio’, and then it’ll enable members with voting power to dictate exactly what % each trusted token will make up in the portfolio via this interface:

allocator
allocator693×846 26.9 KB

The TACO DAO will aggregate these votes to guide its trading algorithm. Time will tell whether this method will outperform traditional ones, but history gives me reason to be optimistic.

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Wont these “trusted tokens” just be part of adam and crews picks? Along with the “advisors” whom are also closely connected to him? Why not name it Adams DAO? :man_shrugging:

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Lol this is just intense, I really must have annoyed you guys by exposing your BS

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You really haven’t exposed anything.

You post a lot of theoretical debates based on inconclusive data.

But still you’re not the topic of this thread so let’s not allow your witch hunt to contaminate this thread too.

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@Kyle_Langham if this isn’t enough to ban him idk what is lol

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There’ll be a channel on the OpenChat Community gated to TACO Neuron holders - the Roundtable. Here, the aim is to host ‘Due Diligence’ discussions around every potential trusted token pick. Anyone’s free to get em a small neuron and chip in their take. It’d be pretty odd if votes don’t match the conclusions of these discussions.

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Will taco dao have a max commitment per user?