The useful part the DAO idea is the trust-minimized smart treasury. Money pools & cash flows with a wide variety of possible dry-code rules. *Not* any sort of straightforward substitute for an organization.
Show this thread
-
We've actually been working on an open grants standard with similar design decisions: - donors pool funds Kickstarter style - multiple grantees - grant manager controls payouts - grantees can be cut off - any unspent money is refunded pro-rata to donorshttps://github.com/NoahMarconi/grant-contracts …
Doesn't sound similar to me, it sounds like there is a huge amount of trust here in human decision-making. Especially the "grantees can be cut off" is the opposite of what I am talking about with can't-discriminate cash distributions.
-
-
You're right, I should have been more general. The grants *standard* defines the minimum set of functions for pooling resources. Our reference implementation chose "grantees can be cut off". But you could write the function your way and prevent additional categories of abuse.pic.twitter.com/eNk6YmRPLH
-
ERCX coming soon—The goal of the standards work is to make it easy for multiple UIs to support it, just like how ERC20s were integrated everywhere.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.