Episode 12: DAO’s (organizations managed by algorithms), governance tokens, collective ownership

- How DAO's (Decentralized Autonomous Organizations) offer an alternative to traditional corporations, and how they work: membership, voting, governance tokens, identity, collective ownership- Collective bargaining and the "network state"- Six DAO's I find interesting: MakerDAO, Universe, Uniswap, Moloch, IndexCoop, and FlamingoEdit from 10/12: Added a section at 13:21 on DAO's acting almost like unions or lobbyists to advocate on behalf of their members.Edit from 12/22 (I also ended up updating the audio itself in this episode on January 2, 2022): In this episode, I say that "If you want to contribute your skills and knowledge to a DAO, it doesn’t matter how old you are, what race or gender you are, or where you live."I want to clarify, because there's an important nuance here.When I say that your race and gender "don't matter," I mean it in two senses: (1) that you can choose to stay anonymous if you want, and (2) that, because of the reduced bureaucracy in crypto and DAO's, there are fewer hoops to jump through, and you can deal with smart contracts instead of loan officers or other human bureaucrats who might be racist, sexist, or have other conscious or unconscious biases toward certain identities. However, despite all that, identity always matters in a different sense: All races and genders have not been given equal access and opportunity in general in the world, and there's inherent privilege simply in being white, male, heterosexual, non-disabled, etc.For example, whether or not they're able to be anonymous in crypto, people from historically-marginalized groups (e.g., Black, Indigenous, LGBTQIA+, etc.) have faced many barriers in their lives that have made it harder to accumulate the wealth that could act as their initial investment into crypto and DAO's.It's ok if all that is confusing or you feel defensive or angry reading it. It's a big subject, and I invite you to read the series I wrote about race in the United States for more information (https://www.michaelcaloz.com/race-for-white-people-part-1/). It's non-political and written in the same style as this crypto series—aiming to be gentle, approachable, and starting from the basics.Also, here's an excellent thread (by Karsen Daily) on how it's problematic to say that "race and gender don't matter" in regards to crypto and Web3 specifically: https://twitter.com/karsendaily/status/1473534549355155459.-----The corresponding blog post with links and images:https://www.michaelcaloz.com/2021/08/01/easing-into-crypto-part-12-daos-organizations-managed-by-algorithms-governance-tokens-collective-ownership-and-the-network-state/