Ethereum Q&A: Scaling decentralized organization

published on Feb 10, 2019 by aantonop Favorite
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Instead of DAOs, how about decentralized autonomous societies (DAS), decentralisation at a societal scale? These are still very immature technologies. The use case for smart contracts and DAOs will first be in small-scale corporate governance and associations, before they could influence the structure of large-scale models of organization. The problems are super-state entities are due to those in power being removed from the consequences of their decisions. Why are there so many sharks and scams in these areas? Decentralization is the poison pill of large organizations designed to centralize more and more power.

CORRECTION: At 5:00, I mention "the difference between democracy and demarchy." What I meant to say was "pure democracy," not demarchy, which is 'rule by the randomly selected.'

These questions are from the 'Internet of Money' tour event in Seattle and the November monthly Patreon session, which took place on November 10th and November 17th 2018, respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:

The Lion and the Shark: Divergent Evolution in Cryptocurrency -
Investing in Education instead of Speculation -
Ethereum, ICOs, and Rocket Science -
Slush17 Panel: Farewell to Centralised Data -
Blockchain vs. Bullshit: Thoughts On The Future of Money -
Why I'm writing 'Mastering Ethereum' -
What is Metropolis? -
Smart contract platforms -
Smart contracts, sidechains, and the Lightning Network -
Impact of smart contracts on law and accounting -
Key management and inheritance -
How do smart contracts work? -
The legality of smart contracts -
Smart contracts and law ambiguity -
Gas and resource allocation -
Intrinsic vs. extrinsic assets -
Altcoins and specialisation -
Ether, ICOs, and securities -
Unstoppable code -
Airdrop coins and privacy implications -
Initial coin offerings (ICOs) -
The token ICO explosion -
'Coin' and 'token' terminology -
ICOs and responsible investment -
ICOs and financial regulation -
ICOs, disruption, and self-regulation -
Scams, gambling, and regulation -
ICOs and pyramid schemes -
Directed acyclic graphs (DAGs) and IOTA -
Scaling and "Satoshi's vision" -
"Blockchain, not Bitcoin " -
Reflections on the last five years -

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!


Translations of MASTERING BITCOIN:



Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) -
French, 'L'internet de l'argent' (v1) -
Russian, 'Интернет денег' (v1) -
Vietnamese, 'Internet Của Tiền Tệ' (v1) -


Music: "Unbounded" by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (

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