What is a DAO in Crypto? (Decentralized Autonomous Organization)

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Yes

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Totally. I found myself binge watching their content

[@Tannias]

This channel makes me feel less like a boomer when it comes to blockchain. Thank you so much.

[@onchainexperiments]

Can you create a video diving into those other DAOs? * MakerDAO * Gitcoin * Metacartel

[@SuperAleaiactaest]

This is one of the best explanations of a DAO I've seen! there's only one thing that I think might be confusing for people, with regards to governance. You mentioned only one way that a DAO could do governance where people vote with their tokens & whoever has the most tokens has the most voting power - this obviously has some serious problems for keeping the DAO decentralized as the richest ppl in the DAO will have all the influence. But one of the most exciting aspects of DAOs imo is that they allow orgs to experiment with new forms of governance. There are lots of exciting new ways from, quadratic voting to engagement-based consensus & NFT-based reputational voting, that keep things more democratic and prevent just the most wealthy from having all the influence. I hope you can do videos on some of these new forms of consensus as they gain prominence. keep up the good work!

[@ChaceBonanno]

It’s just like a company in that sense. The larger shareholders should have more voting rights. But sometimes there are groups of shareholders, usually founders, with special shares that have more voting power.

[@robertweekes5783]

Also you’ll rarely have 1 fat cat in charge of everything in a high value DAO, because the other voting stakeholders will eventually buy more tokens collectively than any individual

[@obeydefi6312]

@@ChaceBonanno and that's where the SEC comes in cause they realize the developers of these projects dipped into the bag before anyone else.

[@purplerain4779]

I am a boomer and only been in crypto about a year now. So much to learn! I love how you you used vending machine analogy! This was my 1st video that I watched by you and absolutely loved it! Will def watch more. Thank you for keeping it sweet short and simple

[@ednafronkelbarger8601]

I love your videos, and I am learning a lot from them. A few comments. Re the vending machine analogy, there's one more human who is required. The human who reviews the footage from the concealed camera to monitor activity around the machine. It's generally not for vandalism, or petty theft. It's for counterfeit bills showing up in the deposits of the proceeds from the machine. I worked in the Treasurer's Office of a large state university for 3 decades. Banks are required to notify you if there's even one single counterfeit dollar in your deposit. Every once in a while, we'd have a large amount of counterfeit bills in the deposit from the vending machines. It was never the students. Students are awesome. And besides, it's not worth their while to put counterfeit bills in a machine. The person who stood to benefit greatly was the person who stocked the machine and retrieved the cash receipts from all of the machines on campus. They'd swap out the good bills from the machine and replace them with counterfeit bills. And they were dumb enough to do it right there at the machine, in front of the video camera they didn't know was there. So, what would be the crypto equivalent of that one? Also, and much more material, Boards of large corporations generally don't tell the CEO what to do. The CEO and the administration make the policy, and then report to the Board what they are doing, along with presenting performance reports for review. Most of the things that shareholders vote on are rubber stamp things like what auditors to hire, or voting for Board members themselves. If things are going well, the Board approves an obscene compensation package for the CEO. If things go poorly, they fire the CEO and give them an obscene golden parachute.

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[@IBMboy]

Mmm im not fully convinced, but im gonna give DAOs the benefit of the DAObt :P

[@TheMessanger]

Me neither that's why I research on videos about DAO the see future but is community driven like meme coins. Maybe I'm missing something.

[@myp0h]

Haha clever

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When will Bitcoin become a store of value, 2026?

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Thank you so much 😀

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the creativity with storytelling is fantastic in these videos, they make it so simple to understand. Great work

[@MegaPartakias]

The vending machine example was the perfect analogy ! congratulations for the knowledge you provide.

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How does this crypto stuff really works and how do I make good profit from it? I'm willing to invest in it but I need guidance so I don't lose out.

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[@kir13y8]

Really interesting to hear the story of "The DAO". I had always wondered why there was an ETH classic and all I found was that they had to roll back a payment that was a scam.

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Because DAOs are a scam and not sustainable cause they are ponzis.

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[@elijahbobby3078]

Trading on your own is very risky, many people have lost a lot trading for themselves

[@GuyFerzOfficial]

So ironically, CEOs can soon be replaced by technology. You hear that kids, you should not strive to be a CEO. Instead, strive to be a robot.

[@JohnTurner313]

No, strive to be a software or cybersecurity engineer that creates the robots. And DAOs.

[@teqexe]

Or just a programer 😃

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Make*

[@ChloeIsSad]

@@JohnTurner313 even the engineer can potentially be replaced by a learning ai lmao

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[@NappyWayz]

Missing Con: I would have to trust that the largest DAO token holder has my best interest at heart. If they don’t, I’m screwed. Therefore, it is human-centered.

[@solana1036]

Same problem without Dao.

[@NappyWayz]

@@solana1036 Yeah, good point. Therefore, every so called "hack" maybe an exploit. The cotillion effect lives on.

[@jonasbartel6894]

Or you divers the decision-tokens from the paying-tokens, like with stock-shares. Then you could make it equal. Let's see, what the future holds 😊

[@Jellyblob]

Also, some DAOs have steps in place to avoid whales taking control of the entire DAO like a limit on how much voting power an individual can have.

[@NappyWayz]

@@jonasbartel6894 “Let’s see what the future holds.” Yes! We are going in some interesting directions. I can’t fathom what the future holds. I am too busy thinking about a trustless system built by untrustworthy people. With a DAO, I can build an organization, own most of the tokens and sell the rest to others, and find a way to divvy them out so I will remain in control. I hope we discover a way to combat this.Especially since I can make unlimited wallets to hold the governance tokens. I’m sure there is a solution for this.

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Thankful my YT algo suggested this channel and this video! The explanation and illustrations are on point and very creative. Please drop that hard fork vs soft fork content ASAP! Much love.

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[@michaelzeuner1746]

I understand partly the difference between hard forks and soft forks. I think I lean towards hard forks being better then soft. You should absolutely make a video!

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[@ElectronaMusic]

I love how you say 'The DAO'

[@aygwm]

It’s going to be hard to get the current business world comfortable with a trustless, faceless DAO. But future generations will likely be more accepting of the premise.

[@ChloeIsSad]

and for a reliable DAO to exists, it's pretty much obligatory to have some anti token monopoly policies, since if someone has 50%+ of the tokens, they're pretty much the CEO of the DAO

[@aygwm]

@@ChloeIsSad very true. But this may be the way that companies distribute their capitalization in the future anyway.

[@jon962-g9w]

DAO will not replace businesses(Or only the rent seeking ones), they can't build innovation, innovation doesn't come from a crowd but from a single visionary person generally. DAO will replace bureaucracy and governments, and bring a less corruptible democracy.

[@yusupsanjaya7922]

So we need to stop making baby, because the world doesn't need human in the future

[@avigator]

@@jon962-g9w Why is the 50% plus Token holder less corrupt than an institution of a democratic state?

[@thoughty42]

this is the best crypto channel on YT. and please make video on hard fork and soft fork

[@coolrazor6835]

As a legitimately visual learner these videos help me a lot

[@Username-ze1ux]

So much to to learn…Dao…hard fork…soft fork…gwei…the list is endless…I like it

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Am interested in learning a new strategy.

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I have had no luck investing in crypto currency, I actually invest on my own but my profit aren't always as I expected sometimes I keep on losing money

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But bitcoin trading will be beneficial to every wise individual in 2 years you will be wealthy with the decision you make now

[@ronneymccarthy6448]

I think the vending machine example is totally possible, lol. 1. Sensors will allow the vending machine to send out a supply low on individual items via wifi. 2. Bots can pack the supplies needed. 3. Autonomous drones can deliver the supplies for a vending machine 4. A bot can probably restock it. 5. The currency can be cryptocurrency and smart contracts can possibly do the withdrawals to a wallet daily. Of course some human interaction will be necessary somewhere but not at the point of the vending machine.

[@jamilnura2623]

I would love to see a hard fork video. Thanks for the amazing explanations

[@yangster18]

nice quick vid, not a lot of cocky shit talk and love the illustration, it really helps.

[@christinelaniyan2694]

Brilliant! Thanks for all this valuable information; it is highly appreciated! Just recently getting acquainted with DAO's and NFT's, so thanks for this again!

[@Damienstarkgplus]

Yes, please do hard vs soft fork video. Awesome content.

[@kemsekov6331]

As a programmer I can say that this is almost impossible to create 100% secure code. Even if your logic is flawless there always some places that can be saved with security by obscurity. With this in mind the only way we could keep such big open source projects is by constantly updating vulnerabilities, but with smart contracts this is not so easy. Our code is decentralised so updating it will require extra time that can give hackers more opportunities for movement.

[@ronakverma693]

lovely insight. Always thought I was the only one who thought blockchain is vulnerable too.

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This channel is a gem💥💕

[@KazzyOfficial]

Great content

[@samsmusichub]

Great explanation!

[@MrYdu69]

There is something that I do not completly grasp: in a centralized corp, the board decides what to do and usually they are the major share holders and have a vote right because they have more than x% of the shares. They vote what are the next steps for the company and the CEO has to apply these steps. In a DAO, every token holder has a right to vote. And the votes decide the next steps, if there are new employees, ... But the people who are the richest have the most votes and will decide with the same influence as if it was a centralized organisation. Or I am missing something ?

[@AlphaCentauri00]

In that sense it functions the same as a “centralized” org, if the richest have majority vote over the DAO, but the difference is that a DAO is decentralized. It can run on its own without human input, enforce rules evenly across the board, and cannot be forced shut down by a government

[@ChristopherForsyth]

@@AlphaCentauri00 "cannot be forced shut down by a government" -- how's that going to work? We used to believe the same thing about "the internet" but it sure didn't work out that way. Don't see what would stop a government from passing laws impacting the operation of a DAO just like any other part of life.

[@P8860]

@@ChristopherForsyth you can't shut down code unless you delete it. Looping functions.

[@abhavupneja8160]

I might be wrong but I think there is no hierarcy of employees in a DAO

[@twintersify]

Exactly. The fact that they think DAOs somehow get around governments and majority shareholders/board members is just wrong

[@Jglizzy]

This is a new form of currency that puts a strong value in community! Crazy!

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*Hello what's the best way to get started with trade cos I've been making my personal research for a while now and i still don't know how to start*

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[@SKRTEL730]

That is true, one needs an expert trader to make good profit from cryptocurrency trade I earn $13,000 weekly. God bless Mrs wendy , she has been a blessing to my family.

[@GennyJOR]

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Please how do I contact this Mrs Wendy Harris, ? I will like to invest with her also.

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its been a while your 5k sub before but now its almost 400k , continue the good work.

[@HyperNonVerbal]

Yeah, what is a hard fork and why do some hard forks not issue new tokens from the hard fork?

[@WhiteboardCrypto]

Great news! We have video coming out answering all those questions!

[@KITOMBIANGO]

Can’t thank you enough! Hands down the most comprehensive and complete videos on Crypto✨👁FB

[@rezahosseini7851]

But isn't it a downside that people with more money/tokens can impact more? Like what if a group of super rich people decide to buy a lot of tokens and then basically take control of the DAO since they can just out vote others?

[@aruytpadyugf]

That's exactly how DAOs work. They are not democratic at all. It is very similar to shareholders of a traditional company; the higher the shares, the bigger the influence.

[@Chris-ce3oj]

Why someone would give a ton of money to destroy something

[@antoniosong]

@@Chris-ce3oj They wouldn't destroy - they'd skew it to their advantage

[@akaiye]

@@antoniosong their advantage would be to grow the dao benefitting everyone

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Welcome to real life, crypto won't change basic economic concepts.

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I learned something new today; thank you for sharing your knowledge.

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Investing means saving money for the future. The only way to become rich and successfully is to invest your money.

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I appreciate for the handle🤝

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Bro legit the first 10 seconds explained 66% of the subject damn i love it

[@vladislavkovpachik6456]

wow this channel is my favorite one to educate me since today , one of the examples of dao is also nexus , i own a little bit of Nexus :)

[@ravvleenkaour]

Yes, please make video on hard & soft fork. You did good job with this one 👍

[@flycrypto8782]

I think DAO is something every project should have, especially for the players, I say we deserve a voice, and that is one thing i liked about Gemie, they are a DAO community, and so far everything is all well.

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Yes make a video about blockchain hard fork plz... if you haven't already. I'll look after this video. Keep up the great work! 🌟 🌟 🌟 ❤

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I'm new to crypto trading what's the best way to get started with trade cos I've been making my personal research for a while now, i don't know how to trade on cryptocurrency

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I just withdrew my profit two days before now. I am glad i did invest with her company. I still reinvested and the trade is ongoing

[@cassiomazzetti589]

I just got engaged with her days ago I knew her from a friend of mine after I saw my friend's profit with Shirley Quinn 5,720USD I won't deny I was jealous her profit motivated me to give a try.

[@emilyadams6759]

@Donna Helen Thank You

[@yolkingaround7775]

This is great! I'd love to see Elrond Network explained this way ⚡

[@louisclifford9874]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@apriljones6004]

Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.

[@tinythomas4438]

It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

[@wilsonbrown8993]

Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

[@louisclifford9874]

@@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

[@wilsonbrown8993]

@@louisclifford9874 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

[@kohx_io]

Glad I found this channel. Will be sharing with friends as I've been a huge fan of the DAO structure for many years!

[@viniciushenriquedasilva7335]

You said that code in a blockchain is always visible. However, I have heard that most of the smart contracts just show the ABI. So, is that easy to draw the code from ABI?

[@perthboysunny]

Love this channel. Can’t stop watching all your videos

[@siskasetiawan7679]

Nice video. A sturdy foundation ensures overall success and this is what having a mentor brings. Engaging the services of a proven broker accelerates your crypto trading career positively. Unnecessary losses are avoided and you gain a better understanding of how to take advantage of both the Bull and Bear markets. Join a seasoned broker today for trading tips and tricks and make gains using your mentor's trading signals.

[@adamjerome5]

You're right! I have lost alot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. I actually don't mind paying.

[@siskasetiawan7679]

@@adamjerome5 That's sad. i totally understand. i actually lost too at the early stage and then i had someone to manage my account and i watched his strategy and how he does it. ALEX MATHEW has been my mentor and i trade using his daily signals

[@adamjerome5]

@@siskasetiawan7679 You said you trade using his signals? can you explain further please.

[@siskasetiawan7679]

@@adamjerome5 Yes, like i stated earlier, i trade using his signals and we split profits every month. More like copy-trading.

[@pascualcaraballo1737]

First understanding the financial market and how it works then you need to know how to study the market charts. That's all you stand to get when you start trading with Alex. he's highly recommendable. And his signals works.

[@johngustavlabayen]

Soft fork? First time I’ve heard this. Thanks for your approachable content!

[@juanbowman3874]

Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life

[@frankmuth1552]

Bitcoin is the most profitable investment online if only you trade with a professional broker

[@frankmuth1552]

I'm really tired of trading on my own and blowing up my account, I'm real interested in trading forex this year because the shape the stock market is take place

[@simonloux1805]

Is not about ignorant but due to lack of unprofessional and trustworthy trader No doubts, but they're still good and trustworthy expert out there waiting for an investors

[@simonloux1805]

I so much love her trading scheme... With the communication in the group. They make trading easy, i personally left IML to trade with them

[@carltonwatson4117]

Boo

[@bobbycarmichael2562]

Great video and yes I would like to see one on hard and soft forks.

[@yingyangman11]

I feel like there's a lot more doawnsides to this than you mentioned. Like how do you make sure that everyone who's owns the coin votes at every meeting?

[@MrMarcee]

you could make them LOSE money if they don't vote within X hours.

[@brawlstarsstories7507]

This channel is so good that I'm willing to pay for these vedios. They are very educative 💯💯💯

[@julianjuez]

Yes please: make a video on forks!

[@rawndommemes1596]

this channel is growing so fast

[@sherrellsprowls7804]

Nice content. To me, trading the forex and crypto market is way better than any online investment 💯

[@chrissain1395]

Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.

[@Kokoben1]

@@chrissain1395 I will advise you to try expert Mrs Bridget's trading services...... She's the best

[@Kokoben1]

🏐🏐🏐🏐 ＋𝟭𝟰𝟮𝟰𝟮𝟮𝟲𝟲𝟮𝟱𝟳

[@Kokoben1]

Tell her i referred you 👆

[@michaeltaylor6168]

@@Kokoben1 Wow you really know expert Bridget...? I'm a living testimony of expert Bridget, she has been trading for me for months now

[@karanhanda3918]

Great video, yet again!

[@naveenbaskaran5746]

Any person with large number of tokens is technically control the decisions. This makes it still human centred. With government not being able to intervene, we are building the best recipe for chaos.

[@Randomness1214]

but unlike with organizations today where VCs and very rich people who are let in during first round funding and can buy in large amounts and become major stake holder while the price is still low, DAOs are open to anyone to as soon as they are created which equalizes the playing field. Additionally because its on the blockchain it is open source. If the community does not like what where things are going or disagree with a decision, they can effectively copy and paste the program of the DAO with whatever changes they want and start their own DAO.

[@TheMessanger]

Yeap that's how it works if u don't hold billions of coins you make a low return. Friend put 50k on shiba and made 500k I purchased $600 worth and made $1700 😭

[@TheMessanger]

@@Randomness1214 it's DAO

[@Randomness1214]

@@TheMessanger lol woops

[@__________Troll__________]

@@TheMessanger *50k to 500k is a 1,000% gain which is nice... but your 600 to 1700 is nowhere near 1k%, if your gained 1,000% from 600, you would of been sitting on 6k which is nice. Your point was missed, it's all about percentage.*

[@krisssvilenov5425]

Best channel!

[@underdogg8240]

Absolutely love your videos - keep up the great work. You have helped me understand so much about this brave new world of crypto

[@jasonschenk5666]

i would love to see a video about the hard fork. This channel is awesome by the way!

[@TheVioArtsofficial]

Could u please explain systems like Time Wonderland or Snowbank ? Would be crazy if u can 😍

[@PlayingAy0]

"So that people like you can understand this." I know I'm new to this but that felt like a backhanded insult. 🤣Great video, tho!

[@andrewanastasiou8915]

Hey! Love this channel Could you do a video of how market cap works?

[@WhiteboardCrypto]

We've got one coming up :)

[@drewortega494]

thanks very informative, looking forward for more information

[@tamarapensiero8048]

question: so a government can essentially purchase the largest amount of that coin and then gain access to vote, and by having the most amount of coins.. and potentially vote to shut down the company?

[@msergio0293]

A government or someone with a lot of money, and yes you're correct this could happen, but never underestimate the power of the people

[@Jellyblob]

People would also need to willingly sell a majority of the entire DAOs tokens to the government, which is unlikely.

[@MsOsaruese]

Yes please make a video on hard fork and soft fork, Thank you for the DAO video too

[@aishagana3570]

Success seems to be connected with action . successful people keep moving . They make mistakes ,but they don't quit .The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

[@richardkelly7527]

Stay invested, diversification for streams of incomes is very important.

[@christiansantos7164]

I think I just became your 400k subscriber! Here’s to several million more!! 🍻

[@mattpepe8491]

DAOs are a very effective community model in blockchain. Tools like CommonWealth and Snapshot facilitate the creation of these DAOs

[@jackroberts2916]

Templar Dao is by far the best dao of them all!

[@akispessiridis721]

Hello Sir, another great and explanatory video like ALL the previous ones. Is it ok to ask, which program you use to create these kind of videos? I am very impressed by them.

[@WhiteboardCrypto]

Yes, we use software called Videoscribe, there are many other channels that use it, but the stories you tell are most important :)

[@akispessiridis721]

@@WhiteboardCrypto Thanks for instant reply. I agree, the content is the most important part of the process.

[@nebsonne3689]

@@WhiteboardCrypto I agree with you. Your stories are always exciting n I always watch to the end. Well done ✅