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

  1. company
  2. traditional
  3. issues
  4. auction
  5. piece
  6. putting
  7. consensus
  8. 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

  1. auction
  2. books
  3. boss
  4. building
  5. buy
  6. call
  7. ceo
  8. citadel
  9. citydao
  10. company
  11. consensus
  12. constitutiondao
  13. coordinate
  14. corporate
  15. dao
  16. daos
  17. decentralization
  18. early
  19. entity
  20. find
  21. hard
  22. house
  23. issues
  24. land
  25. laws
  26. level
  27. move
  28. outbid
  29. piece
  30. putting
  31. recognize
  32. regulatory
  33. require
  34. shots
  35. slower
  36. solve
  37. states
  38. structures
  39. traditional
  40. transparency
  41. type
  42. uncharted
  43. waters
  44. win
  45. wyoming