What is a DAO in Crypto? (Decentralized Autonomous Organization)

I never was so offendned with words "people like you" lol

Really enjoyed it

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Great video and yes I would like to see one on hard and soft forks.

29k+...Thanks

oh yes interested to learn more

This aged well

Hard Fork VIdeo!

Board meetings are not shareholder meetings.

So like a cartel can’t be shut down if it uses a DAO?

Cool video ..... I really enjoyed it and it's educative
I was hoping you make a video about $NUTS
Would be an awesome to see one.... hope to get a reply soon. Meanwhile am now a subscriber

Amazing stuffs u got here ... was wondering if you could talk about $NUTS or maybe a video.... would appreciate. I just subscribed

Please explain hard and soft forks 🤙

2022 - Whiteboard Crypto Predicts Facebook will become a DAO
2023 - Facebook fires most of its human workforce

so thats how ether was created? because the classic one was hacked on its blockchain and made it vulnerable?

$CRU To the mooon buy buy

It's stealthily concealed centralisation, just not obvious like 'the many' recognise from traditional companies. The whole crypto world is geeks & nerds slyly grabbing power by smoke & mirrors. Cnuts

Again, crazy rich people control the DAO, basically, nothing changes the system we have now.

hard forki

Make one on it! Thank you!

What are hard, and soft forks?

Power

DAO needs to be regulated by responsible good people to regulate against hackers and improving the benefits for everyone without worries.

"So that people like you can understand this." I know I'm new to this but that felt like a backhanded insult. 🤣Great video, tho!

I love your videos, and I am learning a lot from them.

A few comments. Re the vending machine analogy, there's one more human who is required. The human who reviews the footage from the concealed camera to monitor activity around the machine. It's generally not for vandalism, or petty theft. It's for counterfeit bills showing up in the deposits of the proceeds from the machine. I worked in the Treasurer's Office of a large state university for 3 decades. Banks are required to notify you if there's even one single counterfeit dollar in your deposit. Every once in a while, we'd have a large amount of counterfeit bills in the deposit from the vending machines. It was never the students. Students are awesome. And besides, it's not worth their while to put counterfeit bills in a machine. The person who stood to benefit greatly was the person who stocked the machine and retrieved the cash receipts from all of the machines on campus. They'd swap out the good bills from the machine and replace them with counterfeit bills. And they were dumb enough to do it right there at the machine, in front of the video camera they didn't know was there.

So, what would be the crypto equivalent of that one?

Also, and much more material, Boards of large corporations generally don't tell the CEO what to do. The CEO and the administration make the policy, and then report to the Board what they are doing, along with presenting performance reports for review. Most of the things that shareholders vote on are rubber stamp things like what auditors to hire, or voting for Board members themselves. If things are going well, the Board approves an obscene compensation package for the CEO. If things go poorly, they fire the CEO and give them an obscene golden parachute.

Success seems to be connected with action . successful people keep moving . They make mistakes ,but they don't quit .The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

It is mentioned in the video that it’s the code that governs the DAO. However in practice I haven’t seen many such DAOs that are truly decentralized and governed by code, other than voting relating to where the money goes.

Does anyone have an example of a DAO that its governance is not only treasury management?

Please make a Hard and Soft Fork video!

Actually a terrible video

Having the authority check on institution is the only thing that protects from thief and scammers. If crypto doesn't understand this it will never be reliable

You got great way of explaining! thanks

Amazing work being put Love the explainationa >o<

Excellent content

Maybe I don't understand still but "Can't be shut down by the government"? What? Doesn't the DAO exist on a server somewhere? Can't the government just go and take the whole server out and throw it away? I think you underestimate the US government.They've killed thousands of their own innocent citizens more than once to justify entering a war. I think they can stop a fuckin DAO.

So there will be no CEO, but the person with the most tokens will have the biggest impaxct on operational decisions? Like, I don't know, a CEO?

This is okay... for someone wanting to create a DAO to create a website or code, test, and market a computer program. But what about using a DAO for other real-world enterprises? Like, say, a DAO publishing house or music label*? Or moving it into the real world, like using a DAO to organize an employee-owned and operated tattoo parlor or food co-op.

* Creative projects that will make money by selling real-life units, like books, CDS, or MP3 downloads, not NFTs. Since NFTs seem like a bubble market since they provide the purchaser no real value, so the market will crash once reality catches up to the hype./

Did you do the soft and hard fork?

This is all great but the top token holders of the DAO, usually the people who created it, are the ones who vote to make changes. This is why people call crypto a scheme.

The rich in the company vote that they get richer off the back of the individuals who do all the work. But with no paid vacation, family leave, retirement contributions, nor health care. Got it

What is the difference betn hard fork and soft fork??

So much to to learn…Dao…hard fork…soft fork…gwei…the list is endless…I like it

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

Can we have an explanation about STO's? I think this is going to be the new market trend. I heard a project like IX Swap is creating a liquidity solution for this, was wondering how big this market really is?

this video reminded me of vending machines in 90's. i miss them. what was the topic of the video again??

$1 2026🤷🏾‍♂️💸💵💰

Yes please to a vid on Hard fork & Soft fork thank you