None, but those are just a few I had the imagination to come up with. If you fail to see the value, you will at some point. As Jeff Bezos has been quoted saying, "Your margin is my opportunity." and opportunity right now is ripe.
I understand you are committed to this but you should understand that the adults in the room don't take any of it seriously. Jeff Bezos started a book store which he diligently grew to a eCommerce juggernaut. He did not start a project to buy what was rightfully his as a citizen of the United States. I'll repeat what I said previously, if you want people to take crypto seriously then the crypto community will have to start doing serious things instead of just having fun and shilling memes to buy a piece of paper at a Sotheby's auction.
Your generation is going to be faced with unimaginable hardships and the faster you folks grow up the faster you can start working on addressing real problems instead of wasting time on stuff like this.
The adults in the room don't take it seriously because they're blind to future advances. They think the current system can be upgraded and patched, but at present, that is impossible. It is fundamentally broken. The younger generation is already faced with unimaginable hardships and because of that has a tendency to be extremely dynamic and adaptive. They see the true problem as a coordination problem and crypto opens a new door with unexplored possibilities for coordination.
Crypto and thought schools adjacent to it combine elements of Libertarianism and Socialism in ways that were unable to exist before their advent. These typically contradictory ideologies can be combined in a new way that help us overcome these systemic coordination problems and let us execute collective action faster. Find me another cause that has raised 40 million dollars in less than a week where funds are held in escrow by a computer contract.
To expand on that the field I work in is communication by nature and I'm literally planning on pitching a project to a startup DAO this evening. This project may quite well open the door for people in my field to jump start a new way of funding projects which makes sure that Consumers, project contributors and everyone involved are compensated in a fair way while also not requiring a private investor. This literally would have been impossible without a DAO.
If the pitch goes well and the project is successful it would allow me to undercut all of my potential competitors. As people who enjoy a free market might say "That's just business baby". Then on top of that, because of the nature of how it's structured, nobody is exploited and no rent is extracted from a private party.
Good point about combining markets and social aspects but that is possible without DAOs as well. You're confusing the hype with the actual underlying technology and blockchains are not necessary to have any of what you described.
Good luck with your pitch. Sounds like a cool project.
Thanks. If you're willing to expand on your thoughts about blockchains not being necessary to any of the things I described, I would like to hear it. I'm honestly looking for any reason to be wrong on this, and I have yet to find that reason.
How else could ConstitutionDAO have raised funds as quickly as they have and in a secure manor without an intermediary company/legal entity holding the pooled funds?
How is ConstitutionDAO not a legal entity? It seems like once people bought into the DAO they could not reclaim their funds so it was essentially acting as a trusted escrow service. Since they were acting as a de facto escrow service this could have been accomplished with existing financial services. Most escrow companies don't care why they're holding the money and the issue would have been convincing them that this is a reasonable thing to do. But convincing an escrow company that what you're doing is sensible in this case is a feature and not a bug because they would have immediately pointed out the obvious issues with this scheme.
In fact, going through an escrow service would have kept the amount hidden and given them an edge in actually being able to win the auction but this wasn't their goal. They wanted to show that they could hype this up and get people to sign up for it. I doubt they were ever serious about actually placing the winning bid which goes back to my original point about the crypto community not being serious about anything other than hype. I understand they're trying to grow the network of people that participate in the crypto community but shenanigans like this prove my point about them not being serious.