Re:Court Ruling Could Affect the Future Direction of DAOs
by squeaky-clean on Thursday April 06, 2023 @04:13PM
(#35473738)
How do you guarantee the off-chain votes haven't been tampered with during the initial off-chain step?
Re:Court Ruling Could Affect the Future Direction of DAOs
by rjbwork on Thursday April 06, 2023 @06:01PM
(#35475135)
>It's like saying America is not a democracy because regulators can make new rules that congress is not voting on.
That actually does appear to be the opinion of the current supreme court, and you can expect further rulings counter to historical precedence WRT chevron deference.
> a multi-sig wallet controlled by a “DAO Committee” to enact those off-chain decisions
DAOs may empower a multi-sig with certain allocated funds to spend according to a mandate. This is ok. It's like saying America is not a democracy because regulators can make new rules that congress is not voting on.
It also possible to have off-chain voting, but still enforce those results on-chain using a fraud-proof like system, and some do this. Lots of design space to play with.