Think a DAO Will Automate Things? Think Again - Ep.141

Published: Oct. 15, 2019, 5:30 a.m.

b'Mariano Conti, the head of smart contracts for MakerDAO and creator of SelloutDAO, and Peter Pan, the summoner for Metacartel DAO, discuss all things DAOs, including how Peter started Metacartel DAO after being rejected from MolochDAO, and why Mariano initially voted against Peter joining. (Peter eventually joined.) They also discuss how they came to form YangDAO, why Mariano almost rage quit MolochDAO after the YangDAO formed, and how other MolochDAO members felt about SelloutDAO, which Mariano describes as an experiment in "on-chain corruption." We discuss how DAOs are actually heavily built on trust and why they require a lot of social coordination off-chain. They also discuss funding for LAOs, which have a legal entity such as an LLC affiliated with them, why Metacartel is launching a LAO, and which types of projects should be funded by DAOs vs traditional corporate structures. We also cover governance issues at MakerDAO, why it has a CEO, and what role leadership in general plays in a DAO.\\xa0\\n Thank you to our sponsors!\\xa0\\n Crypto.com: https://crypto.com/\\n Kraken: https://www.kraken.com\\n CipherTrace: http://ciphertrace.com/unchained\\n Episode links:\\xa0\\n Mariano Conti: https://twitter.com/nanexcool\\n Peter Pan: https://twitter.com/pet3rpan_\\n MakerDAO: https://makerdao.com/en/\\n https://chat.makerdao.com\\n Metacartel DAO: https://www.metacartel.org/\\n https://twitter.com/meta_cartel\\n SelloutDAO: https://selloutdao.com/\\n Unchained interview with Ameen Soleimani of MolochDAO: https://unchainedpodcast.com/molochdao-could-this-decentralized-autonomous-organization-help-ethereum-scale-faster/\\n Unchained interview with Santiago Siri: https://unchainedpodcast.com/how-blockchains-can-help-create-little-democracies-everywhere/\\n DAO Revival: https://www.coindesk.com/in-berlin-a-dao-renaissance-begins\\n https://www.bloomberg.com/news/features/2019-10-05/crypto-rebels-trip-over-each-other-en-route-to-financial-utopia\\n Andy Milenius\\u2019s account of MakerDAO\\u2019s change from a decentralized to a centralized project: https://www.scribd.com/document/407743542/Zandy-s-Story\\n CoinDesk story on the rift: https://www.coindesk.com/darkest-days-yet-purple-pill-tell-all-details-years-long-rift-at-heart-of-makerdao-stablecoin-project\\n Two most recent MakerDAO votes:\\xa0 https://vote.makerdao.com/executive-proposal/keep-the-stability-fee-set-to-a-total-of-105-per-year\\n https://vote.makerdao.com/executive-proposal/lower-the-stability-fee-by-2-to-a-total-of-85-per-year\\n https://vote.makerdao.com/polling-proposal/qmpem83sxjjwe1jvn2csdtetn4r3j95ejuzpbmtxef4lu5\\n Unchained interviews with Rune Christensen of MakerDAO: Part 1: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-1-how-to-keep-a-crypto-collateralized-stablecoin-afloat/\\n Part 2: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/\\n MakerDAO vulnerabilities:\\xa0\\n ETH could have been stolen: https://hackerone.com/reports/684092\\n https://thenextweb.com/hardfork/2019/10/03/makerdao-security-vulnerability-ethereum-dai-stablecoin-collapse-theft-cryptocurrency/\\xa0\\n The LAO: https://medium.com/openlawofficial/the-lao-a-for-profit-limited-liability-autonomous-organization-9eae89c9669c\\n Critique of the LAO: https://prestonbyrne.com/2019/09/03/the-lao-demystified/\\n MakerDAO launching multi-collateral Dai: https://www.coindesk.com/makerdaos-multi-collateral-dai-token-is-launching-nov-18\\n https://blog.makerdao.com/breaking-launch-date-of-multi-collateral-dai-announced-at-devcon-5/\\n Are DAO\\u2019s legal? https://www.coindesk.com/new-interest-in-daos-prompts-old-question-are-they-legal\\n Unconfirmed interview with Uniswap: https://unchainedpodcast.com/how-uniswap-quickly-became-one-of-the-most-popular-dexes/\\n Unconfirmed episode with Ryan Zurrer about resurrecting the DAO: https://unchainedpodcast.com/why-ryan-zurrer-would-like-to-see-a-new-dao/\\n Unchained interview with Aragon: https://unchainedpodcast.com/how-aragon-hopes-to-improve-on-democracy/\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'