If You're Going to DAO It, DAO It Right / Grace Rachmany

Transcript

I'd like to start with a temperature check mechanism so any video doesn't know check temperature check you put your hand on your head and you can move it up and down this might be a lot and this might be a little so let's just do a check of The Temper Checker if it works for people how are you this is great this is like oh my God what am I doing here so this is like how are you doing all right okay most people are able to use this mechanism for signaling this is a signaling mechanism from now it's great not so not everybody is able to do that you can use your left hand if you're having a problem with your right hand it's all good okay so how long have you been in web 3 I just want to get a sense of who's here this is like OG or

you know like or I bought pizza with Bitcoin this is like I just start I have no idea why I'm even here wow we got quite a variety okay I'm gonna have some of this is going to be for beginners okay um how many of like uh this is like how how much do you belong to a dad this is like I belong to 27 dials which is the highest number I've ever heard and this is I don't know what a dow is or I have an idea but I'm not in one most people may be in okay uh and how familiar are you with the Dow technology this is you know the technology part of it oh some of you actually know quite a bit some not at all and how familiar are you with uh what how much experience do you

have with hierarchical organizations where there's a boss and you know like I've been years in these corporate friends this is like never had a job uh okay a lot of you have heard of these things hello and uh how about non-hierarchical organization this is I believe belong to an anarchist Collective and this is like yeah I mean I've got a family it's a little anarchistic or whatever you know okay some some familiarity okay uh all right how about this statement the best part of the conference is the sage on the stage I just love to be lectured to and the best part of the conference is the sage on the stage people how about the best conference part of the conference is the other

people I meet huh all right some people are a little antisocial but most of you think that's better so good I'm gonna try and do this Workshop style and maybe talk you'll get to talk to maybe the people around you a little bit about some of the stuff we're going to be talking about rather than doing it Sage on stage because now that I've done a temperature check okay now uh now this is uh the next one is I love yes no voting oh yeah just yes and no is the only choices I want and this is like oh I'm not sure the S Note voting is great A lot of people have lost the temperature check so why is everybody's Dow using oh there's one person who loves yes no voting even though we just did this thing and the rest of you

already have some doubts about whether yes and no are the only options that you want in your desk so I hope that that was a good demonstration of why yes and no are not always the greatest I have an agenda right yeah let's see what my agenda is well we did the temperature check we're going to talk about the meaning of life we're going to talk about world domination and then we will talk about the Dows so uh why don't we just start right out with the meaning of life and uh oh yeah so the first thing when you're talking about a dow you should be asking yourself is why am I doing this in the place like what is the project about think about it

um what problem are you solving for whom and why now and why do you want to Dow so if you're I'd love to hear from at least one person out there why do you want to Dow and and what do you what what problem are you solving you can pick whichever these speak to you anybody you're here this is an hour of your precious time Why'd You Come how about Why'd You Come and nobody wants okay yeah go ahead so why do you want it as a dow some people

who else why do you have a dow what are you looking at this uh what are you doing here yeah go ahead organization great and what way and what would you like to be better I'm going to ask you to repeat the question for the streaming or are we going to hand out the mic so that the streams so the questions are also recorded right yeah yeah handing out the mic would be good it'd be good for me too but but he asked he said was he feels that in the previous Century the hierarchical organization was great and now we can use this for something better I'd love to hear what your definition of better is because I mean

they've been telling us life is getting better and better so what do you when you say better what type of better would be better he probably wants a mic to tell me what's better maybe somebody else will tell me what's better too everybody has an idea better do you have an idea better you don't have to more efficient his legs aren't working well just I'll have to repeat you [Laughter] sure I wanted to say more efficient more efficient and efficient efficient because I could be more efficient at um you know like getting the supply chain to work cheaper or I could be more efficient at making sure everybody gets more food so those are two different

efficiencies so what do you mean by efficient and I'm doing this because it's really you you get it right we're all like we all want a better world and we all want a more efficient world but when we and we all want value but what's value and we all want less hierarchical like what you're expressing is a lot of what I hear but but underneath that is something like then we form a Dao together and we've used these words like value efficient better and we all think we're aligned on our objectives and actually underneath that it's like some completely different definition of better and efficient so what is efficient for you I mean I'm answering because I'm holding the mic but um yeah but also because I don't want to just stand here and talk like I know

everything yeah I'm happy to hand over um so for me the is this the second type like uh to create a new ways of economic coordination that's what I mean by by saying more efficient and I think we can do that with blockchain technology cool awesome and yeah anybody who feels impelled to answer any of these things certain yeah great because I'm going to have another question for whoever was smart enough to help raise their hand yeah uh yeah I also wanted to chime in I'm no expert at all but uh I think what you could also uh denominator of efficient would be expired

oh yeah so faster iteration okay more efficiency more feedback great yes and when one of the things he also was um he would like better economic coordination who who here uh has an idea of what they mean when they say economic coordination what would be better about better economic coordination I would say more winners uh less centers of aggregation and extractive models and and systems and

to answer to your previous question I think I would love to see more meaningful systems in terms of helping biodiversity striving and flourishing on the planet and also work on Consciousness and uh yeah that's perfect so that's great and you're going to hear a lot of those same answers from people but you can see that when I start drilling down and what do those words mean it's very helpful it's very helpful and when you start to think about economic systems um it's really great economic systems and we are the yeah yeah it's a little bit weird yeah exactly from

I know I know you you mean the same yes exactly it's not like I'm on a planet right like I am part of the planet is what you're pointing to and so when you think about oh yeah great we've got somebody else talking this is great I think that's a that's a wonderful segue as well because uh one of the things that that I've been thinking about also is is basically the coexistence of the different living beings on the planet and basically being able to give organisms that don't communicate with us humans in human language let's put it that way basically um a voice and trying to to do that so there's some interesting projects basically around putting sensors in the environment and then Translating that

into to decisions and so on and so you can by automating that you can then basically let them participate in the decision making or at least provide information for for decision making as well yeah I mean it's really important you know if you look at all the statistics about how much better things have been getting they have been but if you look at air quality water quality time spent with Grandma and if you ask the monkeys and the Tigers if things have been getting better they may disagree with you know the the technology that say everything is

getting better so this is great and so that's really what we're thinking about when we think about ecological sis maybe I will represent the contrarian I love that oh this is great I'm going to talk less I am here to learn more about deals and sense how they can be effective because in my experience they are usually not very effective and the the problem I have with Dallas this is that in some cases people are deciding about things they don't really understand which is natural we cannot really understand everything and uh that's why we have some people who are who are experts for something and because

it's it's how how we you know passed basically where with our economy we developed experts which produced some things for us and uh we hire or purchase their their uh products because we cannot handle out of everything so I think that the Dallas can have some use cases in for for example in culture uh cultural institutions and non-profit institutions but they are not answer for everything so all right awesome I'm already finding out that the other people instead of this on the stage there seems to be impaired empirical evidence for this now I've got cool

people in the room awesome so yeah exactly and so we start to understand that the ways that Dao so far have been working is slightly failure um and so hopefully we'll and this is why I didn't start with Dow tooling right I haven't started what with like what's a dow so far and how's it going so far because we have a good story of how it's going so far and somebody today gave me a four-letter word for how it's going so far and that's the Dow which was a big fail as we all know and we weren't even sure we were going to keep using the word the fail was so enormous and here we are five years later and it's gotten not a lot

better fewer rugs percentage wise than a hundred percent for the first dial but you know still lots of rugs lots of doubts all right but you start to get a feel of like why am I doing this is I ask it first because so many people come to me like I want to die and I'm like well why oh good reasons all right so these are good reasons that you would have a dow as it's designed today it's not the only reason you'd have a decentralized autonomous organization but for a Dao so far if you want to avoid legal ownership of something a dow is a great way of doing that Ave as an example of that I know many other

examples of if the treasury is a shared treasury I can somehow not dox myself or docs myself but it's not me or all of us decide together have as much accountability it's really only good for organizations give you an exception which is really it because one of the problems with Dao's is if you're not holding crypto how do I distribute you money and if if my clients aren't paying me in crypto I still need to do that and so there's some part of the centralized World touching myself but I I'm part of a group called savimbo who's working they're trying to work with the indigenous people which is really next to what you which is why I'm

telling this particular story this is like um it's a choose your own Venture discussion here and so part of this is part of the adventure and so my colleague who went into the future in Forest spoke to the shamans and they said nobody can own the rainforest nobody can own land cannot be owned it's like part of the planet and so she used a dow for that now we use a Dao and now that actually solved the problem for them by having a Dao as part of the ownership structure it's not the only ownership they also have legal ownership structures but that solved a problem for them and then they have a voting doubt when they receive biodiversity or carbon credits

it goes into the um they don't it doesn't go into crypto it's still in a Fiat account but it's held in escrow and then they all take a vote every month of what to do with it should we build a women's shelter should we buy some more of the lit by some more of the land for the Dow should we uh distribute it all evenly among us should we all give it to give it all to the shaman which by the way is frequently their choice but that's none of my business as a white person right like if that's what they want they're like we give all the money to the chief it's like okay that's their vote and so they get together they vote and then that exports a spreadsheet to the escrow provider and then the escrow provider

drops the Colombian military system they use there into each person's bank account and actually they didn't they did it in a way they still have to trust the company right the savimbo and the escrow holder but they're using a dow in order to actually create some of the things that we've been talking about you can hear how this fits into what a lot of you guys are talking about it's protecting nature it's speaking for people can't speak for themselves it's avoiding ownership it's very weird like we didn't think avoiding legal legal ownership is such a great thing but for these people there's no way to talk about I own the land they just like it's not yeah they speak Spanish so they can say it but in their

own language they can't say that so it's very interesting no individual Corruption of the treasury there may or may not be stories of um you know somebody being given the money and then not Distributing it to the people and it's really good for fundraising there's a lot of hype and there's a lot of funny money in this industry and there are a lot of rugs I have nothing against that I got my optimism airdrop I don't know about you and I did sell it before the crash and like I don't know where that came from it was like magic money I was like oh I could get a blah blah that's nice I have nothing against that it's not like the money in Wall Street is distributed to the right people who are the best people in the universe it's like okay so fundraising is good and we're moving

our money around between each other and we're trying to create a competitive system to the existing system and so far what we've created is like money that inflates faster good for us let's just do it good things with it yeah yeah go ahead you don't have to agree with me also if you disagree with anything please say so it makes it more fun but in terms of fundraising you know just doesn't it hurt the equality of participants because someone can donate more money and receive more dollar tokens and when we need to make a decision just like if I paid more I have more voting in this case right because I don't like the fundraising goal for the

Dao actually usually you don't like plutocracy sorry you don't like plutocracy just again it's agelessly about plutocracy I'm still I'm telling you about the idea of creating Dao for fundraising you know because it hurts equality just like it's hard to make the crypto's reputation worse than it already is I mean like look you've got like massage now right like this is a perfect example right they raised all this money for Julian assange's release and then people started complaining that it all went to his brother and his lawyer even that's what it said on the website it was going to do with it and it was like 50 million dollars

right is that good or bad I don't know if you raise like climb a dowel raised a lot of money and gave it to carbon credits and then they wrote like was that good or bad was it a net good a net bad I I find it hard to judge these things right um and when I talk to Young Founders which I do and I'm not so young look I why am I here right like why am I talking about digital democracy Dao's and non-hierarchical systems I mean I have um I have Offspring I can't call them children because they got like non-child-like all of a sudden maybe it happened over time but um and one day my daughter says to me like look I'm never going to be able to afford a mortgage like you and Dad look at the

inflation rate look at the average salary and I was really really embarrassed about the world that I left to people and that's why I'm standing up here and so if some people are like we're going to do this rug and we're going to buy a little island and we're going to grow our own food or we're going to buy a mansion and live it up and do a lot of speed or cocaine like I can't blame any young person who does that right now like it's my own damn fault that these people have no future and they're trying to join I can't have I'd like to have a judgment about it but I lived in the generation where we got in tubes and we flew across the world I'm not sure that my grandchildren will be able to get in a metal tube and fly across the world so I

is it bad I mean people think of it as bad and they think of money laundering as bad I mean I think of of arms trafficking is bad but then you have a war where there's lots of selling I just can't have a judgment about it anymore yeah you don't like it yeah like yeah I don't like it I yeah I wish I lived in a world where I could feel really like yeah we should stop those people but I don't I yeah anyway so that was more about the meaning of life all right next uh we're behind ourselves back to have it out okay now you want to make profit it's it isn't for you because the definition of profit is if you own it you get all

the money for yourself now if you're going to rug and you're going to raise money in rug or you're going to create a plutocracy or oligarchy then you could still have a dow say it's a Dao the people with the most tokens vote and you could still centralize profit but generally speaking not the best for that uh if you're doxed if you're American and doxed um you got to be careful these things are not so and and the more we're actually creating freedom the more they'll come after you it's not like if I'm doing good stuff and saving the rainforest like the stories that I can't tell you because I have an NDA about how investors have treated this rainforest project I was telling you

about it's like it's shocking the entire system in Colombia and the relationships between the US and Colombia have been set up to take this Forest away from these people and so what's legal not legal like good we're doing for the world the more the existing system we're like going against a system which is already constructed it's not some it's not a conspiracy it's just like the wheels are turning and the momentum is going that way and if we're like turn this way we're going to get uh going to be under the bus like coinbase like why is why are they throwing coinbase under this is why if you want control you don't now they hate us for that

I don't have a community actually one of the things that we see in Dallas today is people trying to bring in people with airdrops and little tokens like we give you a hero here's a bit vote vote vote I'll give you a biscuit floating I'm like I'm about to talk anyway but if you don't have a community that cares about the thing and again you can now that I told you in Colombia which is a great example there are people there living in community whatever definition of community that you might have no these people live in a community right like they share their food they share their beds they share their hunting things that they whatever they share that's really they take care of each

other it's a community and so um for this organization called great their ideas great they want to create a parallel world wide web with the DNS what I meant when I said DNS run by a dial because that is very not everybody speaks Engineers but anyway yeah so they want the domain name system to be run by a Dao so that governments can't censor websites some of you may or may not be aware of how censored the website it's a great idea and that's what you would want you would want the DNS just like run by a dow but now that are they're at a stage of community or stage of of maturity where they got to bring people

in and so they bring people into the Dow with these like little airdropy things they're not airdrops but little reward systems for tweeting out you get this many tokens for you know whatever and it's are those people really the people in China who are censored or Russia or Ukraine or wherever it is Indonesia like those community members aren't their actual Community but they need it at least to get the and so if you don't really have a community you've got a hard start they have very good funding and a lot of of course a lot of wealthy people holding Bitcoin are very interested in this parallel Network yes yeah I agree with most of these things I think what we have learned since the Dao

is that a tao is good for managing a public good a community and so on a Dao is not efficient to build a product right so when when you want to build or when I want to build a real product which is focused for me to make money with it to go on the market it's not efficient with it all if I have a community where I have to connect a lot of people and where I have to manage a community then it always very effective it matches with most of the points of view but this is our experience yeah if you build a product make a company if you manage a community or a public good

make it all yeah get something done right and it's like okay we all got to get out there and harvest the potatoes before they go bad in the field and there's a deadline on it you know like everybody do what you feel like might not work but product building or we've got to prioritize but part of that has to do with the construction of it and we're um but yeah but it's really inefficient

Bank list uses Wonder verse and it's really interesting because there's a lot of tasks that nobody picked up so if there's no deadline it's fine if there's a deadline it's like nobody picked up the task so yep so that's that's right and I'm not sure how good for managing like large distributed things because we haven't seen that yet um and um I just also want you as your ass are you and what it's all Cycles and creative common slide even so the idea

is that when your project is born is when yeah now when a toddler it starts to work and it still kind of wets got a few you get a little bit of funding and you after that it's a teenage I think that's like a teenager's day then they're a young adult they're like

oh grow up a bit like you keep that cash cow and you're like you start to be happening baby thing or a toddler it's like whereas there's been a long um there's all kinds of things

when we that's that kind of thing we have a history to build on and so a lot of the experiments I see with Dallas I wonder why you're experimenting I don't know where do you think we are as an industry and what what do people think where are we in a life cycle I mean we're definitely not babies although we do seem to still wet our pants so yeah we're a little teachers we're still teenagers like we're running weak and

jaw we're gonna do this and yeah so it's useful and one of the things about a teenager is that you expect him to have done something and clean up his own damn room and we don't some like moving to proof of steak was kind of like a teenager be like oh I could clean up my room most of you not cleaning up our room and that's why everybody is like what have you produced so far like you're even getting good grades really and five years is an eternity so again I this is just to kind of give you an idea and then the global economy is like it's like it's it's on life support the global economy is on life support

it's like we're going to close Credit Suisse on a Sunday when have you seen a Swiss Banker working on a Sunday like what was that the thing is it's on life support and we're the only thing between for most people this is the only thing between that disaster and you know like absolute authoritarianism totalitarianism tracking everything not just tracking but programmable money that the government gives you in this room yeah I'm back to the meaning of life again okay so maybe it would be cool if you met some people's room and maybe

kind of get into a group of three people about the project you're working on hopefully you're working something if you came to this room or the doubt you belong to and maybe sit with four people and Alternatives what can history tell us about this like if I'm working in the area of rainforest how your credits and the really bad like right now Vera is inter oh the names of the things hopefully in your industry meet some cool people maybe I'll give you let me see what for this uh

maybe like 10 minutes just talking to a group of three or four people about like what are you building it and how is like I know I haven't talked about Dows at all but like if you don't know this stuff and you haven't thought about this stuff then you won't know what structure you want is that okay with people I'm going to do a yes no vote well I'm going to do it how much is like wow it would be cool to talk in groups or can you just get to Dao's now so like it would be cool to talk in groups can you just get to Dallas now all right get to Dallas all right here we go get to Dallas all right so first thing is uh membership levels due to talk about community products and we airdrop them it's like

oh community a lot of money and I gave how much

domain squatting answer should anybody watch me that's a very different Dao it's like okay maybe it's more like jury duty maybe it's who built their own website those are very different types of of

community members and this is a relief because it means that your treasury Dow members might be very different from your members of something else that you're doing right and then that all because a lot of people are like I don't want a plutocracy I hate that I hate that you moved here I hate that like all right good

okay so that's the first like what memberships what membership levels also you have to be careful about what you know about correlation between the number of lines of code system would be useful

what I'm closer oh this is not good oh there we go uh this is yeah great this is a correlation this is sort of the make are bricks you'll notice that bricks aren't the only thing holding this together but the bricks are these decisions like we get to these moments of decisions and again you want to categorize those like what types of decisions do we have to make together is it about the funding is it prioritize is it about how to Market this is it about recall because it's not working and it's hurting people's health who makes those decisions is is like there's overlap

about that like in your Dow that you've been thinking of um made and how are they being made how to allocate funds right that's the basic what else is made what features to build that's it huh a lot of the decisions are invisible so for example how often should the vote be is a meta governance issue and who gets to vote and who's a member and when do we kick somebody out because they were a jerk this is one of the biggest problems that we have today in Dallas and

building community we don't have any way to kick out people who are being jerks who are toxic and we have no way of labeling those jerks from time to time and that's a they as the community fell apart that's the

other possibility like a lot of people left anybody nice left or the community completely disappeared and we never think about those decisions right okay now the next thing is the this uh investment decision because I had somebody coming to me and say I want to make an investment decision and you'll notice that if you say something then I relate to your specific down if you don't then you know you're just sitting here in the audience so that's my attraction decision investment usually those are three those three things that you really care about and the product that's just it right

you'll also look at the financials do they make aunt's case and usually to transition table each one of these and that decision table like give them a normal way to make the decision I don't know what position cable is

it's it's but right so basically it's like you write down each thing okay the market you know uh startup one startup two startup three startup four I fill in a number oh I think their Market is really great their marketing so we're gonna go there so you're taking away this thing because it's too wobbly too wobbly oh this is so much better better myself too I'm I'm sweating even a tiny bit less oh look you're going to take electronics out of my pocket I'm gonna sweat even slightly less great and so in each column right for market

for each company you put how much you think they're worth and then it'd be like product and then you'd put how much you think they're worth and you could have as many columns as you want you're like their ability to deliver um you know how popular it is it's in countries where it's legal or it's illegal you could have any columns you want to make a decision that's a weight and then you could say the most important thing is the team we're going to give like we're gonna double the weight of that so that's worth more right when I describe this this could be automated for unscalable for zillions of people right any of your voters could fill in a decision table instead of just do yes no and you'd get a much better sense of what a good decision is and why

it's a good decision and you might even get a sense of these guys could try again next time because they know that their team is weak or their product is weak and they could make a proposal next whatever cycle because they could see where they fell down in the rating system and that would be for your case a better distributed decision making that is completely scalable completely automatable but you can't do a yes no contract for it but you could have uh like if it reaches this threshold it's a yes how do you know the expertise of the people who are voting great yeah so that

was the first like who are my members am I giving them some kind of nft that like you know whatever they're an expert by the way and this is a really interesting question right how do I have self-sovereign idea but not even it could even not be self-solving ID I mean you guys are here I don't know either you're interested in Dows or you looked me up online and if you looked me up online you might have seen a bunch of videos that I did right and if even if I were a computer and I couldn't really assess the quality of those videos I could assess how many conferences I spoke at at the last year and what topics I spoke about and how many people were sitting there right so you could create a reputational interpretation of publicly available data for that

[Music] I know the example yeah that's exactly right so you can do a reputation interpretation I call it reputation interpretation because I've written paper on that but also reputation interpretation it could be available publicly available data it could be verifiable credentials most of

which shouldn't be on chain like you might want to have something on chain to really validate that the credential came from the credentialing company but you don't want on-chain like that much information and I mean the simplest information that you just don't want on chain might be whether the person is male or female or their age or something like that because there is discrimination based on that so how do you create verifiable credentials is something that could be private but all of us have a lot of public data like what did I say on a Discord Channel all of that thing so even somebody who's not doxed could develop a reputation that could be used and again in your case one of the most famous one of the most famous

oh oh oh no oh that's better okay um was uh Ray dalio created this and and they would sit they would rate each other in meetings it was completely transparent you had to have a certain personality to work there and you'd be sitting in meetings and you'd choose one parameter for every meeting like I'm going to rate people on how expert they were or how intelligent or how insightful or how nice they were or how dominating they were and you could you would pick there was a you know and then everybody in the meeting for the criteria you had chosen for that meeting and you could choose the next one next time you would rate everybody on that during the meeting and then you know Ray would look he's

like oh I guess I was a little too aggressive and overbearing and the lowest intern could rate the highest and but everybody had to live with that and so they had it was of course not on chain but then he describes a situation where they had to make a Forex decision about whether to battle I think it was the Deutsche Mark or in the Euro or something like that and they noticed it was very close split among the investors but then when they took the investors who had had the best results specifically in Forex specifically about Europe it was like a 75 majority of what to do in that case and so that's not just are you a good investor was like are you a good Forex

investor and do you understand the politics of the European market and it's very nuanced and that is all automatable none of our Dows have that so you may think I'm not talking about dials now but I'm talking about things that can be automated that can be scalable that can create a real decentralized organization and at some point I think I have something like uh let's see if I've got yeah okay we have five years of empirical evidence we have quadratic funding and quadratic voting we have delegated voting we have this it's a fail eight percent voter turnout is good in our industry is amazing in our industry

okay that's why I'm talking about completely different types of automation I do believe in Dows I do believe that there are technological solutions and I've given you some ideas of some of the technological solutions that are possible and scalable and can have anchors on chain even though some of that data shouldn't be on chain or if you're using more of a distributed hash table or something like a file coin for your storage instead of centralized storage or peer-to-peer storage you can have those as immutable records but without having them to be public records there are Technical Solutions for all of these digitized things I'm talking about but I'm not going to talk about voting because five

years is an eternity in this in technology and it's not I believe just saying it's going to be delegated voting or liquid democracy I don't think it's gonna I think five years is enough well maybe I'm stupid so I would love to hear if anybody disagrees great I'm going to view this thing for somebody with legs oh man they're complete come on give us a Mike I've been talking too long there's other smart people here she would like to say something oh you're gonna give them my my oh there's only one my test test [Music] I'll use this one this way

the uh can you elaborate on this because if we are talking about uh Dallas right here [Music] none of that worked okay maybe uh if you can elaborate on this because if we are talking about Dallas who outside now 10 000 people that's probably too much but

uh never mind uh how we can scale it because if there is no yes no world thing uh how we can judge or summarize or some somehow work with the opinions of the the people there right so there's a few things one is what do you mean by scaling and what I was saying about the decision table that's totally scalable right you could totally have a form that you fill out if you care now you're not going to get huge voter turnout for everything odor turnout also in one of the reasons it failed is um this guy here wants funding for his really really cool thing and the transaction fee is five bucks and I like him but not that much

right or I have to know it's coming up for a vote can that oh weird I do like him that much but I gotta read a proposal see if it's really worthwhile think about is it gonna have a return on and it's a lot of work man sorry are you gonna vote for my thing if you say yes I'll vote for your thing oh okay how about you we both are you vote okay that's one of the reasons Dallas don't work with yes no voting okay oh it's like ladies night over here I can see the case with the the decision on a table but for example in case of Arboretum uh I don't know there is a new

feature to to develop or some change in the protocol and there is a whole bunch of uh ARP holders who should decide about it so yeah of course we can debate on some Forum but that's not the actual voting there is the yes no voting so what would be what would be the better alternative okay this is a good question and again I'm going to talk about automatable service automatable things I'm not going to talk about like one of the things why does this keep going in and out the first thing to understand is what's a decision so if I want to decide what I'm going to have for lunch it's going to depend on what I bought

yesterday and what was on like what the supply chain brought to my supermarket and what was at the front and what wasn't at the bottom and like a lot of things and then I go to my refrigerator and say I'm deciding what to have for lunch so the first thing you need to understand is about the nature of decisions which is another reasons for this that's not really how decisions get made in real life in natural systems and biological systems if I think about a really scalable Dow it's the cells in my body and those cells are organized into organs and those organs are organized into systems and the systems are overlaid on one another so my respiratory and my

circulatory system distribute the resources in my body and if I cut a finger over here like automatically a whole bunch of platelets are going to like run over there and if that doesn't work I'm gonna have to like go find a Band-Aid and like it's it's kind of a nested overlapping system that scales so if you start and that's why neural net and AI is starting to look like that so if you had a development house and this has been done by an organization called satalia and they were talking about this four or five years ago and then they disappeared off of the stage I mean maybe they were considering uh releasing this Tech to us or something I don't know but they used to speak um and they're still working in their an

AI company and this is how they were running a development house with 70 people but there's no reason it wouldn't scale you might need more gpus than there is silicon in the universe but okay and how that would work is well you would first of all the feature in the developer and the project manager those are all different decisions so you have the best devs and you would know that through heat Maps so every time you committed code or you spoke on the slack Channel they would collect information about it and they would know who you were talking to and they would and so if you're like who's the best Dev you could look at his stats all the stats and you could say who's the best at this who's the best at that who has the cleanest code who's a really good

communicator and you would be able to do that through heat map so you could find the best people for your project if you had an idea the same thing I'm I'm a sales guy and all my product people are telling me I want this on arbitrom Arbitron whatever so the the token holders are saying they want that but that's again that's a signaling system Dr Nick from Factory Dow is creating that kind of signaling system where we know what people are asking for and so you've got let's say a clump of people who are asking for these features and then maybe if I'm the best Dev that's going to reward the most and I'm going to migrate over there but oh wait a second he's the project manager I don't really like working with him I'm going to move on to that project and that all operates very similar to my

circulatory system is this making sense to people is that scalable and automatable we're just very very far away from it and you can see why I think that you shouldn't be starting with voting because what I just described is pretty efficient the idea that I'm a great proposal writer and a great ideas person and also great at security because I've thought about everything that could go wrong and I'm a great Dev and I'm a great project manager that's not this right and that's how we're allocating money now it's it's absurd but a real automated system would work like that and it would also be self-healing because it would say we're going to make an MVP did anybody use it and if a lot of people used it then more

developers start to come to that just like the cut on my more developers start to migrate towards it because people are really using it in the rewards on it and you could do that yeah anyone else questions ideas what's coming up for you thank you [Music]