full transcript
From the Ted Talk by Scott Fitsimones: Could a DAO build the next great city?
Unscramble the Blue Letters
It’s still erlay for DAOs, and they certainly aren't for everything. They require a level of cuonsesns building and might move slower than a copnmay who has a boss who can just call the shots. After all, ConstitutionDAO was outbid at Sotheby's auction house by the CEO of Citadel. And some say the transparency and decentralization made it hard for the DAO to coordinate and win the actuoin. And while tiataindrol corporate structures are battle-tested, DAOs are a new type of entity that can find themselves in uncharted regulatory waters. To help solve some of these iessus, states like Wyoming are puntitg laws on the books that recognize DAOs. And we actually used one of these laws to buy our first picee of land at CityDAO, that's why it's in Wyoming.
Open Cloze
It’s still _____ for DAOs, and they certainly aren't for everything. They require a level of _________ building and might move slower than a _______ who has a boss who can just call the shots. After all, ConstitutionDAO was outbid at Sotheby's auction house by the CEO of Citadel. And some say the transparency and decentralization made it hard for the DAO to coordinate and win the _______. And while ___________ corporate structures are battle-tested, DAOs are a new type of entity that can find themselves in uncharted regulatory waters. To help solve some of these ______, states like Wyoming are _______ laws on the books that recognize DAOs. And we actually used one of these laws to buy our first _____ of land at CityDAO, that's why it's in Wyoming.
Solution
- company
- traditional
- issues
- auction
- piece
- putting
- consensus
- early
Original Text
It’s still early for DAOs, and they certainly aren't for everything. They require a level of consensus building and might move slower than a company who has a boss who can just call the shots. After all, ConstitutionDAO was outbid at Sotheby's auction house by the CEO of Citadel. And some say the transparency and decentralization made it hard for the DAO to coordinate and win the auction. And while traditional corporate structures are battle-tested, DAOs are a new type of entity that can find themselves in uncharted regulatory waters. To help solve some of these issues, states like Wyoming are putting laws on the books that recognize DAOs. And we actually used one of these laws to buy our first piece of land at CityDAO, that's why it's in Wyoming.
Frequently Occurring Word Combinations
ngrams of length 2
collocation |
frequency |
million dollars |
3 |
bank account |
3 |
dao members |
3 |
smart contracts |
2 |
governance token |
2 |
voting rights |
2 |
Important Words
- auction
- books
- boss
- building
- buy
- call
- ceo
- citadel
- citydao
- company
- consensus
- constitutiondao
- coordinate
- corporate
- dao
- daos
- decentralization
- early
- entity
- find
- hard
- house
- issues
- land
- laws
- level
- move
- outbid
- piece
- putting
- recognize
- regulatory
- require
- shots
- slower
- solve
- states
- structures
- traditional
- transparency
- type
- uncharted
- waters
- win
- wyoming