Introduction: Various types of governance in the physical world we live in are usually determined by one center or multiple centers. In the governance rules of the real world, there is a strict hierarchy with distinct levels. When Bitcoin was born and developed, it was derived from A series of ecology, we have only begun to have a new idea - a collaborative system that everyone can participate in.
On December 15, 2021, Ali Yahya, the general partner of a16z, a well-known investment institution, announced on social media that a16z is investing in the decentralized autonomous organization PleasrDAO. Ali Yahya said that DAOs like PleasrDAO are the basis of Web3. They are a new form of economic organization native to the Internet that enables people to collaborate and achieve goals at scale. "
As DAOs are predicted to be the "next megatrend", they have begun to attract the attention of more and more investors, including SpaceX founder Elon Musk, well-known venture capital firm Sequoia Capital, billionaire Mark Cuban Wait.
Before delving into the concept of DAOs, we need to review the history of traditional organizational forms.
With the development of human business, various organizations have emerged to deal with business challenges in different historical periods. For example, unlimited and limited liability entities arose in Roman times, promoting commerce through a system of profit sharing and liability. In the 16th century, companies with a shareholding system began to appear and became the most important commercial organization in the Age of Navigation. On October 24, 1945, the United Nations was formally established. In May 1973, 239 banks from 15 countries in the United States, Canada and Europe announced the official establishment of the SWIFT organization. On January 1, 1995, the World Trade Organization was officially established and started to operate. People are constantly trying to find the most economical and efficient operation mode, while taking into account the fair distribution when obtaining the maximum profit.
In his book out of control, Kevin Kelly explained the characteristics of distributed networks: there is no mandatory central control; Having the nature of autonomy; Secondary units are highly connected with each other; The influence of point to point forms a nonlinear causality through the network. What we can learn from it is the new social structure, business model and interpersonal relationship in the information society era, which is completely different from the industrial society, such as weak control, multi center, autonomous mechanism, network architecture and coupling connection. This is a precise explanation of the blockchain protocol.
There are always different classes in modern business organizations, entrepreneurs, executives and salarymen. The former two always maximize their interests in the form of equity, which is fundamentally different from salarymen. Although with the improvement of employee stock ownership and other systems, it is still difficult to gather people's hearts, and it is difficult to motivate the enthusiasm of members in the organization for a long time. Especially after the enterprise enters the mature stage, the team corruption always troubles the managers.
The Web3.0 world with blockchain technology and computing power as the core infrastructure is more innovative. The explosion of the digital economy, the token economy, and the metaverse has made people see the importance of algorithmic power and the existence of DAO as an organizational form. If the modern business society in the form of a company has pushed the centralized strong organization and rank distribution to the top, then DAO tells people from another perspective what is equality, fairness, dedication and shared results.
DAOs are the future
DAO is the abbreviation of Decentralized Autonomous Organization in English. It is an organizational form derived from the collaborative behavior of co-creation, co-construction, co-governance and sharing spontaneously generated by groups that have reached the same consensus based on the core idea of blockchain. DAO is a subsidiary product after the blockchain solves the trust problem between people. It is a revolutionary evolution in the history of human cooperation. Its essence is a form of blockchain technology application. In fact, Bitcoin, as the first decentralized distributed protocol, is widely regarded as the first full DAO. DAO keeps running through smart contracts, and encodes transactions and rules on the blockchain to achieve open, fair, unattended and autonomous operation.
In a DAO organizational system, management is coded, programmed, and automated. "Code is law", the organization is no longer a pyramid but distributed, power is no longer centralized but decentralized, management is no longer bureaucratic but community autonomy, and the organization no longer needs a company but is managed by Replaced by highly autonomous communities.
Follow the principles of equality and voluntariness, mutual benefit, mutual endowment of resources, complementary advantages, and win-win interests.According to its own resource advantages, through the democratization of DAO and the incentive mechanism of token, each organization node will allow members to highly participate in governance, collaboration, proposals, voting, decision-making, etc. are stored and disclosed in code on the chain, and Open and transparent, cannot be tampered with.
The emergence of POWER DAO has innovatively solved the problems of decentralization of algorithmic power, trust guarantee of algorithmic power value, cross-border cross-border algorithmic power, and flexible circulation of algorithmic power. Decentralized autonomy with DAO, community maintenance, common decision-making and full benefit sharing. Pledge voting rights through POWER MINER, so that each unit of computing power can independently, flexibly and unrestrictedly provide algorithmic power to pledge to vote for Bitcoin, Ethereum and other web3.0 emerging public chain infrastructure and obtain incentive tokens, and at the same time use DAO The consensus strength of the system forms a strong algorithmic power competitive advantage. It aims to realize the bridge between the physical world and the byte world - "Algorithmic Power", thereby redefining the credit and value of algorithmic power, and using "Algorithmic Power" as a value credit medium to establish a decentralized, transparent and Secure algorithmic power autonomy protocol. In the flexible way of voting by pledge of algorithmic power, a higher performance, lower energy consumption, more decentralized and more secure infrastructure that can support the next generation of web3.0 will be elected.
However, a technique existed long before crypto that transitions extremely well to these modern digital assets.What is Crypto Arbitrage?Cryptocurrency arbitrage trading is a form of trading that exploits the variations in prices between different markets.
While best known from more traditional markets, arbitrage trading converts incredibly well to the cryptocurrency space, given the mixture of liquidity and accessibility resulting in quite substantial price discrepancies at times.Where are the Best Arbitrage Opportunities?Even with the increased availability of bitcoin and other major cryptocurrencies in recent years resulting in a relatively stable market price across some markets, there are still some very profitable opportunities if you know where to look.Peer-to-peer trading (P2P) is a type of trading that has been active in the cryptocurrency space since the early days of bitcoin.
Every day, traders worldwide are making money with their homegrown trading businesses or side hustles that, at their core, are just a form of arbitrage trading.Even in countries where access to crypto is relatively high, not everyone has the exact needs or preferences, resulting in a massive alternative market for P2P trading.
While some traders opt to go the cash route and trade bitcoin for cash-in-person (sometimes called face-to-face trading), there are typically many other alternatives.The problem with many crypto exchanges is that they only provide access to a very minimal range of deposit options, sometimes just a single one (often bank or wire transfer).
However, in most parts of the world, a range of digital payment methods like PayPal, M-Pesa, Western Union, or even something unexpected like gift cards have high use rates and enable you to trade crypto in these regions on P2P marketplaces for a profit.Premium Payment MethodsYou may have heard someone say something along the lines of "you can't put a price on convenience," and the reality is that you actually can when it comes to crypto trading.One of the other highly profitable methods of arbitrage crypto trading is found in payment methods themselves, and the price people are willing to pay for convenient or necessary access.
Some payment methods are difficult to buy crypto using large centralized exchanges, yet are often preferred by buyers looking to buy crypto fast and are willing to pay extra for the privilege.Suppose you are willing to accept slightly more exotic or in-demand payment methods.
