Why We Need DAOs: the Shitiness of Man

This year I had the honor of presenting at the BIL conference in Vancouver, BC, a decentralized and open source alternative to TED. My topic, of course, was the blockchain revolution. Everything went very well, but there was one question from the audience that made me think:

“Don’t you think replacing humans is a bad idea,” she said, referring to my explanation of decentralized autonomous organizations. “Wouldn’t it be safer to have a person watching over it? What if there’s a glitch?”

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“God, no,” I replied, with a short explanation. “People suck.”

I didn’t have enough time on stage to go into detail, but I really wish I had. From New Age spiritual types to paranoid conservatives, there are many people who fear the rise of technology. These fears are not only unfounded, but ironically counterproductive to human progress. Allow me to explain why.

People Are Slow

As a society, we need to come to terms with something: all of us are terribly inefficient. Whether we’re navigating rush hour traffic or unboarding a plane, we tend to do things slowly

Read more ... source: TheBitcoinNews