After they explains the process of "submit proposal, proposal review, vote on funding", I asked what holds the proposer accountable. The answer was small incremental funding, so the proposer might be able to run away with some of the money, but no more than the first milestone's worth.

I pointed out that open source projects have been decentralized and autonomous for decades without any blockchain and asked what a DAOs bring to the table. The answer was basically that there is a shared financial account with the community deciding how it is spent. That answer seemed better at the time than it does in retrospect because, in opensource projects, usually there isn't any money to put into an account, let alone spend.

I pointed out that DAOs are really limited to the clockchain community and asked what it would take for them to break out of this, or if he thought they would ever be used by the general public.

He pointed out that people getting together and pooling money together to accomplish some goal is not new. There were cooperatives long before blockchain hit the scene. There are various social clubs that may have a treasury. What needs to happen to get wider adoption of DAOs is that the DAO has to be the best way for these groups to organize.

After that answer, we reached consensus that the tools need to get a lot easier to use before that happens!

Those are the ones I remember. I also answered someone's question about project funding in #Bitcoin in that there is nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f for that. The big difference is that OpenSats is voluntary, whereas the Cardano (and I believe Ethereum too) is compulsory in tacking extra fees to generate money for these funds.

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