TED Talks Daily Could a DAO build the next great city? | Scott Fitsimones
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Jul 26, 2022 
Scott Fitsimones, an experimental urbanist and founder of CityDAO, explores the revolutionary potential of decentralized autonomous organizations (DAOs) in urban development. He discusses how DAOs can radically enhance democracy and efficiency in city planning. Scott shares his journey of launching a 'crypto co-op' that acquired 40 acres in Wyoming, presenting a new model for land ownership. Dive into the future where community-driven governance can reshape our cities and the very fabric of decision-making.
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CityDAO Origin
- Scott Fitzsimmons used Twitter to find people interested in starting a new city.
- They pooled cryptocurrency and bought 40 acres in Wyoming.
DAOs Defined
- DAOs are internet-native, blockchain-governed, collectively-owned organizations with shared missions.
- They replace top-down management with blockchain-based rules, offering broader ownership and participation.
Bureaucracy Nightmare
- Fitzsimmons's frustration with city bureaucracy inspired CityDAO.
- He found obtaining permits in San Francisco to be an "archaic, bureaucratic nightmare."