066 - Why I don't believe in DAOs

<p><span style="font-weight: 400;">What’s on the horizon for FinTech and Crypto in 2022?  </span></p> <p><span style="font-weight: 400;">Hello friends and Happy New Year 2022.</span> <span style="font-weight: 400;">I strongly believe that this year is going to be the year of crypto.</span> <span style="font-weight: 400;">In today’s episode, it is dedicated to DAOs</span> <span style="font-weight: 400;">(Decentralized Autonomous Organization)</span> <span style="font-weight: 400;">and why I don’t believe in them.</span></p> <p><span style="font-weight: 400;">Join me as I share my thoughts on DAOs and their possible future.</span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p><br /> <br /></p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:58] - The focus of this episode:  DAOs </span></p> <p><span style="font-weight: 400;">[02:06] - Bitcoin ecosystem is generally considered the first functioning DAO</span></p> <p><span style="font-weight: 400;">[03:24] - Two most popular DAO cases.</span></p> <p><span style="font-weight: 400;">[06:25] - Why do I think that DAO is a bad idea for escaping or avoiding regulations, or jurisdictions.</span></p> <p><span style="font-weight: 400;">[07:32] - And the three main problems with DAOs in this case. </span></p> <p><span style="font-weight: 400;">[09:22] - An internet community with a shared bank account sounds great in theory.</span></p> <p><s