For one let me separate EffectiveCauses (my organization) from the DAO (which is an idea from my organization).
The DAO is/will be a separate entity not under my control and members are supposed to work together to collectively raise the $1 B using various methods which I listed in the above post. 80% of this is meant to give out as grants for EA projects. 20% covers other things including 4% for EffectiveCauses and 8% for admin costs for the DAO. I’m not actually asking anyone to hand over one billion to me!
Regarding the [economic] importance, for the DAO, the importance is giving out grants to impactful projects selected democratically by DAO members under the guidance of experts.
For my EffectiveCauses organization, the value is as described in the post which is to think up impactful ideas (like this DAO idea) and source for funds to execute and incubate them. Also to serve as a base for setting up EA communities in countries in Africa (most of which there’s little or no EA activity)
For one let me separate EffectiveCauses (my organization) from the DAO (which is an idea from my organization).
The DAO is/will be a separate entity not under my control and members are supposed to work together to collectively raise the $1 B using various methods which I listed in the above post. 80% of this is meant to give out as grants for EA projects. 20% covers other things including 4% for EffectiveCauses and 8% for admin costs for the DAO. I’m not actually asking anyone to hand over one billion to me!
Regarding the [economic] importance, for the DAO, the importance is giving out grants to impactful projects selected democratically by DAO members under the guidance of experts.
For my EffectiveCauses organization, the value is as described in the post which is to think up impactful ideas (like this DAO idea) and source for funds to execute and incubate them. Also to serve as a base for setting up EA communities in countries in Africa (most of which there’s little or no EA activity)