One of the most interesting experiments in all of crypto right now is The MetaDAO Project. Prophet's vision for MetaDAO is to create a decentralized autonomous organization that's governed by markets instead of politics. We start the episode by first discussing the organizational challenges that have plagued DAOs in the past and how futarchies, initially proposed by economist Robin Hanson in the early 2000s, could be the answer. We then dive into what the early days of MetaDAO will look like and how it will evolve over time. Finally, we talk about how futarchies built on DeFi primitives might completely remove the need for base currencies.

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Time Stamps

(0:00) - Intro to futarchy-based governance

(10:51) - Misaligned incentives

(13:22) - Scaling futarchy

(19:27) - MetaDao proposals

(25:32) - Potential downsides

(41:34) - Does crypto make all currencies redundant?

(48:33) - Can defi operate without mediums of exchange 

(51:36) - Coinbase’s view of continued dollar dominance 

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Podcast Resources

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Episode Resources

Follow Prophet : https://twitter.com/Metaproph3t

Follow MetaDAO : https://twitter.com/MetaDAOProject