TL;DR
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ICYMI: DAOs are pretty much automated Go Fund Me campaigns, that use crypto instead of cash.
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The complex decision making required to run a fully automated DAO might be too tall an order for plain old smart contract code…but AI might be able to bring the vision to life.
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All of the random decision making, external communication and organization that is usually left to humans could be filled by AI (that’s the dream at least).
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Meaning, you could prompt an AI to do the grunt work. E.g. ‘open a local gym on the DAOs behalf’ – it then organizes the real estate, equipment, hired help for set up etc.
Full Story
ICYMI: DAOs are pretty much automated Go Fund Me campaigns, that use crypto instead of cash.
The creators decide on a goal (e.g. buy the constitution), set a funding target, and once it’s met – the computer code managing the DAO automatically deploys the money.
So all you really have to do is put your money in, sit back and relax while a smart contract executes your vision.
…at least, that’s the idea.
In reality, there’s a whooole bunch of human management required to make a DAO run smoothly.
But ‘set and forget’ DAOs may still be possible (and it was this article from Illia Polosukhin that made it all click).
The complex decision making required to run a fully automated DAO might be too tall an order for plain old smart contract code.
…but AI might be able to bring the vision to life.
The smart contracts that manage a DAO’s payments and voting would stay the same – while all of the random decision making, external communication and organization that is usually left to humans would be filled by AI (that’s the dream at least).
Here’s the ‘perfect world’ end result, in a real world context:
Say you want to launch a locally owned gym in your town, so you create a DAO and spread the good word around town, getting people to invest.
Once the funding requirements are met, you turn on the AI and let it get to work – meaning:
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It negotiates a good price on a centrally located property
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Researches and purchases the necessary insurance
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Analyses the property’s useable floor space
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Optimizes the layout of equipment
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Purchases the equipment
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Hires someone to come and set it all up
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Sends out an invite to the grand opening, etc.
Helluva concept, right?
It feels out of reach right now – but exponential technologies have a funny habit of feeling years away, right up until they’re in our hands.
We harp on about it a fair bit here, but it’s worth repeating:
All this hype and progress around AI isn’t a threat to blockchain technology – it’s a value add!
