Are you one of those people? Would you like to earn riches, fame, and glory for your opinion? Then rejoice! Your time to shine starts now. Inspired by something @pet3rpan said sometime somewhere, weâre having a competition for the best 500 word description of DAOs. Recommended topics to cover include, but are not limited to:
What is a DAO?
Why do DAOs matter?
Whatâs next for DAOs after fancy-multisigs?
Your DAO descriptions will be judged by the Just DAO It DAO. Anyone is welcome to contribute, and and when you do youâll be able to participate in the judging submissions. The rough guide for tributes is 1 DAI = 1 JDI, however, you can offer tribute in any the following tokens:
If thereâs a DAO token youâd like to see added to the tribute list just drop a comment in this thread and weâll see what we can do!
The rough expectation is that we will be accepting submissions until the end of the month (Dragon Quest ) and then weâll pick a winner. The winner will then become part of (or at least have a stake in) many DAOs
Feel free to ask questions, share drafts, and submit submissions here in this thread!
Note: this is being cross posted to many many places to get as many people involved as possible. If you see an awesome submission, please link to it in other threads so that everyone can check it out:
DAO is a organizational concept found in Bitcoin and in the ancient cyperpunk movement. DAO stands for âdecentralized autonomous organizationâ. In DAOism, Bitcoin was the origin of the whole DAO universe. DAOists believe that everything in the human economy from ideas to concept to products & services, will come from a DAO and will be managed by a DAO. When a DAO disappears, itâs energy (or community ) will be absorbed and/or re-birthed in a different DAO.
The DAO is a community force that canât be named or described, which is the natural harmony within the community and the way the community lives together. DAOists think that if someone let go of egoistic intentions, they would be able to âmove effortlesslyâ and create harmony with humans, animals, plants, and everything else. This harmony is the ultimate goal of DAOism.
Wrote a brief draft about DAOs in my opinion. Sharing it here too.
What a DAO is
A DAO is an autonomous organization governed by hardcoded rules that lives on the internet,
with access to a shared pool of assets and funds that is managed remotely
with the control being distributed among itâs members
coordinated by achieving collective consensus.
What a DAO is not
A DAO
is not an organisation with the control being held or governed by a single authority.
is not run by a set of rules passed by some board of directors.
cannot live offchain.
is not managed with hardcopied agreements or official papers.
wonât have itâs assets & funds directly or solely managed by a single entity.
cannot pass on rules or decisions without acheiving greater consensus.
will not impose hierarchical authority over itâs members.
How a DAO is implemented
A DAO (Decentralized Autonomous Organization) is mainly built with the help of web3 technology, ethereum. And a DAO is characterized mainly by this 3 dominant, distinct and unique characteristics,
Autonomous
Distributed
Decentralized
A DAO is made autonomous by the use of smart contracts that is precoded with a set of rules for running a DAO without any manual human intervention.
A DAO is made distributed by providing uncensored access to itâs resources, assets and funds for all of itâs token holders.
A DAO is made decentralized by eliminating sole control over itâs actions and achieving consensus through the distribution of voting rights to all of itâs members.
You seized the day and submitted a thoughtful and awesome essay. You win!
As a the winner of the Whatâs a DAO 500 word essay contest you will receive:
1 C19 token: This makes you a member of the Collab19 DAO, a DAO to support projects fighting COVID19. Youâll then (after you create an account and transfer your token) youâll have access to the DAO members only chat where you can discuss and vote on proposals!
10 SEEDs:
50 HONEY: You can now have one of the 1Hive tokens! You may or may not be able to use this token to open signalling votes and/or get cash money, but you can definitely drop into the 1Hive Keybase chats to ask! (FTR 1Hive is the awesome team behind Gardens)
1 DRT token: This entitles you to either 3 1 hour DAO consultations, 2 pages of writing on DAO related stuff, or help launching your own DAO!
11k DONUT tokens: TBH Iâm not quite sure what these are. I found them on Uniswap and thought they had to do with /r/ethtrader, but now Iâm not so sure.
465 ANJ: You can stake ANJ to participate in the Aragon Court: a decentralized subjective dispute resolution service.
0.015 MKR: MKR is used for MakerDAOâs governance.
172 MANA: Decentraland has a DAO, so you get some MANA!
209 GEN: DAOstack tokens! Not sure what theyâre for, but theyâre yours!
10 DAI: May or may not be worth 10 dollars.
What address would you like your JDI token shares minted to?
Note: youâll earn full control of the Just DAO It DAO and all itâs assets (the DAO related tokens that arenât non-transferable membership tokens). Sometimes all of the tokens donât show up in the Redemptions UI, but you can check the Agent on Etherscan to verify all the tokens the DAO holds.
) and then weâll pick a winner. The winner will then become part of (or at least have a stake in) many DAOs 
