SpyMasterTrades on Nostr: Decentralized Autonomous Organizations (also known as #DAOs) have immense potential ...
Decentralized Autonomous Organizations (also known as #DAOs) have immense potential to disrupt Wall Street and the current multinational corporate system.
One of the biggest leaps forward will come when the means of production becomes increasingly controlled by DAOs. Wall Street is hardly prepared for a future where control of production is #decentralized.
Rather than owning shares in a corporation that can be traded and controlled by #WallStreet, equity ownership of a DAO can be established through asset tokenization, built using smart contract logic, which eliminates the need for Wall Street to serve as a middleman for transactions or as the custodian of assets.
Decentralization is already underway, with decentralized #finance protocols like #Uniswap and #AAVE already issuing tokens that in turn allow for decentralized control of their treasuries. Since these frameworks are built, in large part, on the #Ethereum network, #Ether will be increasingly demanded over time as the De-Fi space grows by orders of magnitude over the coming years and decades.
Most legal systems do not provide sufficient infrastructure for the formation and existence of DAOs. Thus, inevitably, DAOs will come at odds with centralized governance. Yet, it remains to be seen how decentralized organizations can effectively be stopped. Certainly, #CBDCs will become an important tool.
Published at
2023-12-17 22:59:40Event JSON
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"content": "Decentralized Autonomous Organizations (also known as #DAOs) have immense potential to disrupt Wall Street and the current multinational corporate system. \n\nOne of the biggest leaps forward will come when the means of production becomes increasingly controlled by DAOs. Wall Street is hardly prepared for a future where control of production is #decentralized. \n\nRather than owning shares in a corporation that can be traded and controlled by #WallStreet, equity ownership of a DAO can be established through asset tokenization, built using smart contract logic, which eliminates the need for Wall Street to serve as a middleman for transactions or as the custodian of assets. \n\nDecentralization is already underway, with decentralized #finance protocols like #Uniswap and #AAVE already issuing tokens that in turn allow for decentralized control of their treasuries. Since these frameworks are built, in large part, on the #Ethereum network, #Ether will be increasingly demanded over time as the De-Fi space grows by orders of magnitude over the coming years and decades.\n\nMost legal systems do not provide sufficient infrastructure for the formation and existence of DAOs. Thus, inevitably, DAOs will come at odds with centralized governance. Yet, it remains to be seen how decentralized organizations can effectively be stopped. Certainly, #CBDCs will become an important tool.",
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