Thursday, January 29, 2015

DAO and Change

I won't spend any time explaining what a DAO is, there's a really good Wikipedia article on that.

Instead, a quick observation: as soon as service providers don't need to have human rent-collectors behind them (because they're autonomous machines and/or software that pay for their operational costs with digital currencies) the economic landscape for those services changes. Rent seeking becomes progressively less lucrative, and we can start to take advantage this new kind of thing - an entity that more resembles a wildflower than an industrial process.

Technology is Biology by other means.

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