DAOs and Voting

<p>Fundamentally, a DAO is about automating voting processes in the context of a deterministic collective with assets.</p> <p>Or in less stupid language - it's a computer program thingy that controls some money and does what its owners tell it to when enough of them agree on what should be done.</p> <p>As it happens, voting is a complicated and subtle science, with plenty of empirical data for us to examine from the real-world of democratic (or not so democratic) voting systems.</p> <p>In this episode I talk briefly about two voting systems that have been implemented in DAOs, and the advantages and disadvantages they have.</p> <p>Even though I didn't study PPS (Politics, Psychology and Sociology) at Cambridge. And who would have thought that degree would actually have a practical use in blockchain?</p> <p>Certainly not me.</p>