Coinbase: Around The Block What the heck is a DAO? with Jesse Pollak
Dec 1, 2021
Jesse Pollak, Senior Director of Engineering at Coinbase and expert in decentralized governance, dives into the transformative world of DAOs. He explains how decentralized autonomous organizations revolutionize group coordination and decision-making through software. Discussing the types of DAOs emerging, he highlights the importance of learning from traditional organizational models. Jesse also addresses the challenges of decentralization and how community-created capital can empower social structures. Tune in for insights on the future of collaborative governance!
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Software-Enabled Organizations Are The Core
- A DAO is best described as a software-enabled organization that rethinks how groups make decisions.
- Jesse Pollak compares this to how software transformed communications over decades.
Software Replaces Complex Legal Operating Rules
- Software lets groups manage a shared bank and encode rules without complex legal contracts.
- Pollak highlights that software enables incremental, arbitrarily complex decision systems.
Decentralized Capital Is The Foundation
- DAOs became possible because crypto lets communities create their own money and capital.
- Pollak argues decentralization of capital is the foundational enabler for DAOs.