"First, a large democratic group is formed. Everyone tries to have a say. This creates conflict, and all discussions go on for a long time as they try to resolve the conflict. Most people leave because the decision-making process is taking too long."
I think this is the part of the political process that social media changes. Social media dramatically lowers the cost of trying to have a say; you no longer have to spend all afternoon at the town hall. Instead, the masses remain (virtually) present in a way that prevents planners from organizing and becoming elites. Result: the most notable characteristic of politics in the social media era is that mass uprisings (OWS, BLM, January 6) come and go without creating any proto-institutions that can take effective action.
I think the big picture is accurate, but DAOs do not have to be democracies, just oligarchies with more check & balances better functioning as the tech is enabling:
- easier participation
- more transparency which means more accountability (not saying code is law, but it takes more effort to obscure decisions - or value transfer)
- standards and best practices across difference geographies, cultures, industries
"First, a large democratic group is formed. Everyone tries to have a say. This creates conflict, and all discussions go on for a long time as they try to resolve the conflict. Most people leave because the decision-making process is taking too long."
I think this is the part of the political process that social media changes. Social media dramatically lowers the cost of trying to have a say; you no longer have to spend all afternoon at the town hall. Instead, the masses remain (virtually) present in a way that prevents planners from organizing and becoming elites. Result: the most notable characteristic of politics in the social media era is that mass uprisings (OWS, BLM, January 6) come and go without creating any proto-institutions that can take effective action.
I think the big picture is accurate, but DAOs do not have to be democracies, just oligarchies with more check & balances better functioning as the tech is enabling:
- easier participation
- more transparency which means more accountability (not saying code is law, but it takes more effort to obscure decisions - or value transfer)
- standards and best practices across difference geographies, cultures, industries