Kudos on making a concrete proposal—there’s been lots of discussion of problems, not so much of potential solutions.
I’m one of those (many) people who is not at all familiar with DAOs, so I’m not sure I’ve got my head around this. One model is a donor lottery, where many people put money in, and one randomly-chosen person decides. Another is the EA funds, where lots of people put in money, and a few experts decide. This is … like a donor democracy, where many people pool their money, and then there’s a collective decision-making process? In which case, I’m curious for details on how the decision-making process works.
I’m reminded of this recent popular post The EA community does not own its donors’ money. I imagine that, if people don’t like where the DAO ends up donating, they’ll simply stop giving their money to it. So the DAO would end up functioning much like an EA fund, where people give to it in the expectation they know where their money will go and are happy with that outcome.
Which raises the question: would a better solution be to set up more and/or differently run funds?
Its more like lots of people put in money and few experts decide.
Actually There will be a dedicated Team in the DAO for grantmaking and monitoring funded projects. This team will comprise of experts and other interested or knowledgeable parties. All from the DAO. This team suggests or receives and analyzes funding proposals and then puts them up for general discussion and debates and final voting by all members. More details on this process will be given in my next update.
Ah, but then in what ways is this different from EA funds? (No need to reply to this now, happy to see something in the next update; just raising it’s still a concern).
I think one critical difference is that EA funds is not subject to approval, control or oversight of the “EA Community”, In other words, it is not the EA Community’s funds. Anyway I’m sure things will become clearer with the next update.
Hi MichaelPlant I just posted the second update with some more detailed explanations. Hope you can find the time to go through (its quite lengthy) and hope it makes things clearer. Here’s the link
Kudos on making a concrete proposal—there’s been lots of discussion of problems, not so much of potential solutions.
I’m one of those (many) people who is not at all familiar with DAOs, so I’m not sure I’ve got my head around this. One model is a donor lottery, where many people put money in, and one randomly-chosen person decides. Another is the EA funds, where lots of people put in money, and a few experts decide. This is … like a donor democracy, where many people pool their money, and then there’s a collective decision-making process? In which case, I’m curious for details on how the decision-making process works.
I’m reminded of this recent popular post The EA community does not own its donors’ money. I imagine that, if people don’t like where the DAO ends up donating, they’ll simply stop giving their money to it. So the DAO would end up functioning much like an EA fund, where people give to it in the expectation they know where their money will go and are happy with that outcome.
Which raises the question: would a better solution be to set up more and/or differently run funds?
Its more like lots of people put in money and few experts decide.
Actually There will be a dedicated Team in the DAO for grantmaking and monitoring funded projects. This team will comprise of experts and other interested or knowledgeable parties. All from the DAO. This team suggests or receives and analyzes funding proposals and then puts them up for general discussion and debates and final voting by all members. More details on this process will be given in my next update.
Ah, but then in what ways is this different from EA funds? (No need to reply to this now, happy to see something in the next update; just raising it’s still a concern).
I think one critical difference is that EA funds is not subject to approval, control or oversight of the “EA Community”, In other words, it is not the EA Community’s funds. Anyway I’m sure things will become clearer with the next update.
Hi MichaelPlant I just posted the second update with some more detailed explanations. Hope you can find the time to go through (its quite lengthy) and hope it makes things clearer. Here’s the link