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From YouTube: dxDAO: The Evolution of Governance and the Ownership Economy - Eylon Aviv @ The DAOist Paris
Description
Eylon Aviv walks us through the evolution of DAOs, what makes them tick, and possible solutions to some of it's greatest challenges. Presented @ Ground Control, Paris 2021
A
So
I'm
going
to
be
talking
about
the
evolution
of
governance
and
ownership
economy
and
it's
basically
going
to
be
like
how
shitty
the
governance
that
we're
using
today
and
the
lies
that
we
tell
ourselves
in
governance
so,
like
we'll,
have
going
to
talk
a
bit
about
me,
the
easter
eggs
of
dao
on
ethereum,
just
a
quick
recap:
the
ownership
economy,
at
least
what
was
promised
kind
of
a
question
about
how
does
that
work
and
how?
What
makes
that
was
tick?
A
How
does
thou
participation
work,
and
I
have
a
big
problem
to
present
and
I'm
gonna
do
with
memes
and
gonna
talk
about
a
possible
solution
as
well,
so
I
lived
in
china
in
the
background.
This
is
tel
aviv.
This
is
where
I
live.
It's
not
the
view
from
my
house
but
yeah.
So
I
lived
in
china
and
someone
sent
me
the
article
about
the
dao
hack.
A
I
was
kind
of
using
bitcoin
before
that,
no
idea
what
it
was
but
yeah
someone
sent
me,
you
know
the
article
about
one
of
the
articles
about
the
dow
hack
and
it
blew
my
mind
and
essentially
since
then,
I'm
in
crypto
I
had
my
own
startup
and
then
I
joined
dao
stack
in
dao
stack.
I
did
d-hack,
which
was
a
decentralized
hackathon,
that
we
ran
in
most
of
the
hackathons
in
2019
and
it
evolved
to
become
like
the
build,
a
collective
and
then
I
joined
dx
dao.
A
Essentially
since
the
formation
and
recently
I
joined
collider
ventures,
we're
an
early
stage,
crypto
fund
and
yeah.
So
this
is
like
about
me
so
brief
history
about
that
was
so
we
had
in
2016
like
I
said,
the
dao
hack
happened
and
then
everybody
was
scared
of
daos
forever
and
then
what
happened
afterwards
is
we
had
aragon
and
daostak
who
did
an
ico?
They
wanted
to
build
sort
of
end-to-end
dao
applications,
or
you
know
anyone
could
build
their
own
dao
customized
that
have
plug-ins.
A
Then
in
2019
there
was
a
the
molok
dao
kind
of
happening
and
you
know
a
cambrian
explosion
after
meta
cartel
created
the
dao
created
like
the
medical
telltale
and
lots
of
followed
afterwards
in
2020
we
had
the
d5
summer,
everybody
started
using
the
compound
governance
standard
and
then
later
on,
snapshot
and
in
2021.
The
prevailing
way
to
do
governance
is
token
voting
with
snapshot
and
gnosis
safe
with
the
multi-sig
right,
so
the
ownership
economy.
A
This
is
from
jesse
walden's
famous
article
about
the
ownership
economy
in
2020,
and
I
guess
you
can
read
it.
You
know,
rather
than
a
platform's
inner
circle
of
founders
and
investors
taking
home
the
value.
Also
users
are
able
to
use
the
majority
to
earn
the
majority
of
the
value
generated
from
the
collective
contributions.
Amazing
this
this
sounds
so
great
right.
You
know,
if
I'm
a
user
of,
I
don't
know
airbnb
or
touro.
Why
shouldn't?
I
have
you
know
a
bit
of
stake
in
the
platform
as
well.
A
A
No
no,
how
does
it
work
like
like
what
gets
it
going?
How
do
people
create
stuff,
yeah,
motivating
people?
Okay,
yeah?
Yes,
shared
mission,
all
right
capital,
okay,
okay,
I'm
looking
for
something
else:
yeah
incentives.
Okay,
also
incentives
is
good.
I'm
talking
about
something
else
and
let's
see
if
you
know
you
agree
with
me
initiative
right,
anyone
can
come
to
the
dao.
Anyone
can
make
a
proposal.
I
have
an
idea
to
create
something,
and
you
know
they
would
post
this
in
the
chat
they
would
post
it
in
the
forum
and
yeah.
A
Oh,
let's
stop
minting
wifi
and
make
it
like
a
meme
like
bitcoin
that
it's
you
know,
capped
supply
and
then
it's
shot
to
the
moon,
and
you
know
wi-fi
became
a
thing
or
we
have
in
the
metaverse
in
sorry
in
an
index
co-op,
someone
came
up
and
said,
like
hey:
let's
do
the
metaverse
index.
We
have
dpi,
let's
do
a
metaverse
for
in
the
an
index
for
metaverse
companies,
and
you
know
that
kind
of
happened
and
it's
one
of
the
most
successful
products
we
have
like.
A
You
know
on
ave.
The
sushi
community
went
there
and
asked
to
ask
to
add
ex-sushi
as
collateral.
You
know
that
created
basically
amazing
yeah
upside
for
sushi,
because
now
you
can
stay,
you
know
locked
in
sushi
and
then
bar
borrow
against
it.
So
you're
earning
you
know,
sushi
yield
and
then
borrowing
against
it.
There's
another
in
the
sushi
forums.
A
He
was
invited
to
calls
and
ended
up
joining
the
diggsdale
as
a
as
a
full-time
member.
This
is
actually
two
people
and
we
just
met
them
like
for
the
first
time
today
like
this
week
so
yeah.
This
is.
These
are
like
kind
of
examples:
yeah,
okay,
so
anyone
has
created
and
passed
the
governance
proposal.
A
Yes,
oh
gas,
all
right,
yeah
yeah,
definitely
guess
so.
I
made
a
meme
because
it's
easier,
you
know.
So
it's
like
you
know,
forum
topic,
discord,
ama
three
community
calls
one-on-one
calls
with
stakeholders,
answer
questions,
proposal,
revisions,
more
calls
and
obviously
a
hundred
dollars
in
gas
yeah,
and
that
was
that
is
cheap,
right,
yeah.
So
right
we're
on
the
right
track.
Here
right
we
have
bottom-up
collaboration
right,
like
anyone
can
come
and
propose
stuff
and
you
know
and
make
it
work.
A
We
have
cross-community
participation
as
we've
seen
with
sushi
going
to
ave,
and
many
of
these
kind
of
you
know
communities
collaborating
with
each
other
and
with
the
digs
now
example,
we
saw
that
critics
are
welcome,
right
critics
come
and
they
they
can.
You
know,
deliver
their
message
and
get
really
invited
by
the
dao
itself
to
voice
their
concern.
A
A
We
have
this
this
one
where
we're
like.
Oh,
let's
do
the
ownership
economy
or
what
it's
token
voting.
It's
it's.
Let's
recreate
the
existing
capital
economy,
where,
if
you
have
money
you
can
vote
and
you
can
actually
buy
this
voting
power.
Amazing
yeah.
We
have
like
you,
know,
weirdos,
right,
anime,
anime
and
frog
avatars.
They
want
to
create
like
a
balanced
and
scalable
governance
systems,
and
the
result
is
just
this
is
like
wow
economy.
A
A
A
A
A
A
This
can
actually
tie
in
with
ahmad's
presentation
earlier
with
the
reputation
that
he's
looking
to
do
and
then
you
know
daos
can
gouge.
You
know
gauge
forum,
participation,
call
of
duty's
initiatives
and
you
know
discourse,
discord,
source,
cred,
yeah
and
other
basically,
developments
that
allow
you
to
quantify
participation
and
give
these
guys.
You
know
a
bit
more
voting
power,
so
a
quick
comparison,
reputation-based
voting
versus
token-based
voting.
A
A
It's
resilient
to
to
vote
buying
right
like.
If
I
want
to
sell
my
reputation,
I
I
actually
need
to
sell
you
my
private
key
and
then
the
last
point
is
you.
You
could
say
that
reputation
is
better
for
non-objective
decisions.
So
what
I'm
proposing
or
what
I'm
thinking
about
is
to
utilize
both
token
and
reputation
based
voting
power
to
create
a
formula
that
incentivizes
participation
in
decentralized
governance,
and
I
have
an
example
from
dxdow
we
had
a
governance,
working
governance,
2.0
2.0
working
group.
A
We
had
delphi
dxdow,
guys
from
dao
stack
1kx
and
a
few
others
who
participated.
This
was
like
gone
over
like
about
three
months,
so
the
primitives
are
basically
that
reputation
is
earned.
It's
the
on-chain
representation
of
contributions
in
the
digs
down.
Dick's
dao
is
the
dxd.
Is
the
liquid
financial
value
in
the
extau
and
yeah?
Holding
dxd
does
not
necessitate
governance.
A
Participation,
reputation
should
be
non-transferable,
a
multiplier
or
constant
should
be
applied
to
it
and
yeah,
and
the
purpose
of
dxd
at
the
end
of
the
day
is
to
have
essentially
a
guarantee
for
dx
dial
financial
claim.
So
if
you
hold
the
xd
and
the
dig
style
makes
money
in
the
future,
then
you
know
you
get
to
earn
some
of
that,
so
the
results
I
can
link-
or
I
can
send
you
like
the
actual
end
of
the
research
here,
but
why
don't
we
have
both?
A
We
have
both
voting
power
or
locked
token,
locked
future
token
voting
power
combined
with
with
reputation,
influence.
Yeah.
There's,
like
you
know,
all
these
functions
and
formulas
anyone
could
play
with
it
in
a
different
way,
but
yeah.
This
is
kind
of
what
I'm
getting
at.
That
you
have
when
a
proposal
comes
up,
the
voting
power
is
calculated
by
both
you
know:
dxd
tokens
and
reputation
and
yeah.
That's
something
that
we're
looking
to
do.
A
If
anyone
actually
wants
to,
I
don't
know,
assist
in
building
that,
then
you
know
reach
out
to
some
of
the
geeksdale
people
here
and
yeah
discussion
thoughts,
yes
yeah,
so
the
the
what
the
status
in
legs
now
right
now
is
that
there's
only
reputation
and
they're
they
like
we
want
to
move
towards
token
voting
as
well.
So
obviously,
if
you,
if
you
move
to
that,
then
it
becomes.
I
don't
know
kind
of
like
bureaucrat
bureaucracy
of
workers
right
and
then
you
know
you
have
to
balance
it.
You
have
to
figure
out.
A
How
do
you
incentivize
people
to
actually
participate?
If
you
tell
addressed
horowitz,
oh
listen,
you
guys
have
to
be
active
in
the
forums
right.
You
have
to
read
what
the
community
is
talking
about.
You
have
to
do
all
these
things.
Then
you
know,
maybe
they
will
be
more
active
and
they
will
be
more
informed.
A
A
Yeah,
no,
so
in
the
case
of
geeks
dow,
the
token
does
give
you
claim
on
future
revenue,
but
we
wanna.
Additionally,
we
want
to
have
to
give
it
voting
power
somehow,
and
you
can
take
like
the
curve
model,
where
you
can
lock
tokens
for
like
a
long
time,
and
then
you
know
you
get
you
get
voting
power
proportional
to
how
much
you
locked
and
for
how
long
and
stuff
like
that
and
then
combine
that
with
reputation.
A
A
A
A
A
Okay,
maybe
I'll,
maybe
I'll
ask
you
the
second
one.
First,
I
think
if
we're
going
like
sort
of,
I
guess
iron
brand,
like
everyone
wants
to
maximize
profit
right
and
if
I'm
a
vc,
then
you
know
I
would
want
to
maximize
my
profits,
and
I
think
this
is
in
stark
contrast
to
like
the
narrative
of
the
ownership
economy.
A
It's
not
just
vcs,
it's
not
just
you
know
the
team,
it's
also
the
people
who
are
using
it,
but
that
it's
my
point
is
that
it
currently
it's
a
facade
and
it's
like
they
made.
You
think
that,
but
you
don't
really
have
any
power.
So
that's
on
that,
and
can
you
remember
the
first
question
and
if
I
don't
know,
if
that's.
A
A
Yeah
yeah,
so
I
mean,
if
I
lock
my
tokens.
Let's
say
if
I
lock
my
tokens
for
four
years
of
some
project.
That
really
means
I
believe
in
it
right
like
that.
That's,
like
a
vote
of
confidence,
that
for
four
years
I
believe
this
these
tokens
would
be
worth
more.
You
know,
that's
that's
very
valuable,
but
you
know
some
contributors
might
not
have
capital,
and
some
contributors
are
workers
and
they're
very
good
at
I
don't
know
making
memes
and
those
memes
are
very
valuable
or
they're.
A
Very
good
at
like
running
community
calls
and
that's
very
valuable
and
they
should
have
their
voice.
You
know
accounted
for
in
this
governance
system,
so
there
are
many
things
that
are
not
capital
related
so
and
I
think
like
we
need
to
account
these
two
and
that's
kind
of
the
goal
of
reputation
karma
whatever.
D
A
I
mean
they
have
to
work
together
right,
like
it's
not
going
to
be
one
or
the
other.
I
I
I'm
giving
like
in
digs,
though
it's
the
other
way,
it's
like
just
reputation
and
it's
just
sweat,
equity
and
it
that
just
doesn't
make
sense
for
the
long
term.
So
I
think
that
from
the
other
side
it
doesn't
make
sense
for
it
to
be
just
capital
equity
yeah.
I
like
that,
actually
like
sweat,
equity
and
capital
equity.
Maybe
we'll
have
more.
E
Hi,
so
thanks
for
the
talk,
I
really
appreciate
how
you
stressed
about
snapshot
being
a
centralized
server
and
all
of
that-
and
that's
been
one
of
my
concerns
since
the
early
days,
and
I
wanted
to
ask
you
a
question
regarding
the
forums
because
I
think
the
forum
are
still
like
the
nerve
of
the
battle
of
governance
but
use
the
forum,
sorry,
governance
forums.
Oh.
E
You
said
is
essentially
my
experience
on
the
forum,
so
you
know
you
have
a
vc
posting
a
proposal
and
some
people
from
the
team
or
other
supporters
of
the
vc
will
post
a
one-line
message.
Saying
yeah
it's
cool.
We
should
do
that.
Then
you
come
with
an
argumented
answer,
highlighting
seven
or
eight
areas
for
me
for
improvement
and
then
another
vc
come
and
your
answer
is
ignored.
Essentially
that
happened
to
me
quite
a
lot.
So
I
wonder
if
you
thought
about
what
can
we
do
for
the
governance
forum.
A
Interesting,
I
mean,
I
know
there
are
a
couple
of
projects
working
in
the
space.
I
don't
know
if
they
solve
this
problem
right.
This
is,
you
know
we
talked
about
sort
of
like
the
technical
challenges.
I
think
the
social
challenges
are.
I
I
mean
we
haven't
even
started
scratching
the
surface
of
that
of
like
the
social
coordination
and
social
problems
that
we
have.
I
don't
know
this
is
interesting
like
if
maybe
we
need
to
prevent,
I
don't
know-
or
this
this
needs
to
be
like
a
social
consensus.
A
E
The
frustrating
part
is
most
of
this
forum.
They
have
a
hurt
feature,
so
you
can
put
a
heart
on
the
message,
but
even
if
you
get
a
lot
of
hurts,
they
can
still
ignore
the
message
they
have
no
and
past
the
proposal,
like
you
were
saying,
for
the
uni
swap
where
chris
blake
and
others
led
the
effort
to
ask
for
more
transparency,
ask
for
more
control
and
they
pretty
much
got
nothing
literally.
Nothing,
but
a
slim
promise
that
some
kind
of
control
mechanism
called
fail
safe
would
be
implemented.
A
Yeah
yeah
yeah
that
was
kind
of
ridiculous,
so
yeah
I
mean
you
need
to
have
social
consensus
around
these
things
like
how?
How
do
you
get
a
proposal
to
the
actual
governance
right?
You
have
to
answer
all
the
questions
you
have
to.
I
don't
know,
maybe
do
a
community
call
or
a
twitter
space,
whatever,
whatever
the
that
community
decides
so
yeah
but
yeah,
like
I
said
like
the
social
challenges
of
taos
are
like
you
know,
we
haven't
yeah
so
much
to
explore
there
yeah.
E
E
We
haven't
tried
a
single
new
thing,
we're
one
token
one
vote,
those
who
get
the
most
money
get
the
most
vote.
We
don't
care
if
you
dump
a
billion
unit
of
the
token
every
day,
if
that's
possible,
you
will
still
have
the
same
influence.
We
don't
care
if
you
are
trashing
the
protocol
on
twitter
discard
all
day
long.
You
still
have
the
same
influence,
and
I
think
this
is
more.
This
part
where
we
need
to
reincorporate
is
identity
in
the
broadest
sense.