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Comment by jsemrau | Hacker News Reader

Social needs to change. The engagement model of current social sites like Twitter, Facebook, etc only brings out the worst in people. This will be even amplified once there are crypto payments coming into the equation. Might be a naive view, but I believe in community enforced rules through DAO ownership because these structures have some potential to encourage free speech within a normative environment that discourages hate speech and spam.

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Perhaps some changes are needed, but Facebook certainly doesn't bring out the worst in me or my friends. Most of what I see is rather banal or mildly entertaining. The user experience depends entirely on which people, pages, and groups you choose to follow.

And DAO ownership isn't going to fix anything. It's a silly concept, a solution in search of a problem.

I would agree that a DAO wouldn't change your user experience the slightest. What interest me is that they sit on the intersection of crowd-financing, community building, and incentivized collaboration (i.e., users could earn money by participating on platforms and get actively involved by providing work and/or liquidity). There was an initial hype in 2018 around DAOs but that felt a lot like a communist pipe dream. The current iteration is potentially changing corporate finance. So for me it's worthwhile to look into it. The problem that I see is that for a venture builder crowd financing sucks. In addition to building your business you still need to find a group of people that give you money. So theoretically, for DAOs the incentives are clearer aligned. And in case of non-custodial staking crowd-funding models like ISPOs there is no transfer of funds hence, the investment risk is reduced to a market risk and an opportunity cost portion.

Is a DAO similar to the Reddit model, I.e. subreddits have rules and mods that enforce them?

The DAO model is more the ownership and governance portion where you own a portion of the forum and thus are incentivized to participate in it's success.

>The DAO model is more the ownership and governance portion where you own a portion of the forum and thus are incentivized to participate in it's success.

How is that any better than hosting your own forum and federating with others of your choice?

If I'm running my own forum, I (obviously) have a stake in the success of my own forum.

If my goal is to profit from running a forum, that can also be done in a decentralized, federated fashion without DAOs too.

As someone else pointed out[0], DAOs don't really add any real value in this case.

[0] https://news.ycombinator.com/item?id=31268355

>If my goal is to profit from running a forum, that can also be done in a decentralized, federated fashion without DAOs too.

Yes, that is likely true. I think DAOs are interesting because they make partial ownership by the users of the forum easier. Personally, I don't care about decentralization or federation. I ran a Mastodon and DeSo node for a while and I am not sure if it actually adds anything to user experience or actually solves a real-world problem.

What interest me in the "organization" of the DAO is where it allows people that share a common interest build something together without incorporating a business and distributing shares.

Do I need a DAO or run a forum or website (VPS or otherwise) for any of this? Realistically, I could phone a number of friends to meet up regularly for beers and discuss football.

But I think the development path could be Friends doing a meetup locally -> International friends that want to meet -> International friends that want to build something together and earn by doing so.

I think the problem that a DAO solves is to get people together that share a common interest and provides an efficient way to ensure proper governance and compliance.

Will the world continue without DAOs. Yes for sure. Could DAOs develop in ways for communities (clubs, teams, political parties, etc) to govern themselves, maybe. Still I think its worthwhile to think into this direction. I am currently hoping to get funds from Cardano's Fund8. And the voting process is completely organized by the community of Cardano users through a supported wallet. And I think from a fund-raising perspective, this is really efficient since it crowd-validates your idea and provides a transparent way forward.

>I think the problem that a DAO solves is to get people together that share a common interest and provides an efficient way to ensure proper governance and compliance.

I don't know. I think DAOs are a poor replacement for adhering to Wheaton's Law[0] and not interacting with those that don't.

Especially since DAOs would exclude a great number of people who could positively contribute to a forum/interest group.

[0] http://www.wheatonslaw.com/

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