The main upside of a DAO is that the storage of funds and each grant distribution is protected by the algorithm that has been embedded in the smart contract, instead of being trusted to some entity (e.g. bank or crypto trading firm). The movement of funds is also maximally transparent for any person on the internet. I think it is a big benefit in some cases (although, not in every case)
To be clear, I’m don’t support of the actual proposal that the author have laid out int his next post, but I support the idea of experimenting with DAOs for EA and certain it would happen at some point
The main upside of a DAO is that the storage of funds and each grant distribution is protected by the algorithm that has been embedded in the smart contract, instead of being trusted to some entity (e.g. bank or crypto trading firm). The movement of funds is also maximally transparent for any person on the internet. I think it is a big benefit in some cases (although, not in every case)
To be clear, I’m don’t support of the actual proposal that the author have laid out int his next post, but I support the idea of experimenting with DAOs for EA and certain it would happen at some point