DAO's as Commons

Discussion

Austin Wade Smith:

"Some of the DLT’s (distributed ledger technologies) like blockchains, which act as the underlying substrate of web3 native communities like DAOs, can be understood as commons. The practices of purpose driven governance and stewardship are the defining element, not the resources themselves. The arrangements of people, minerals, and technologies which coordinate through DLTs need not be defined by the technology, rather the technologies are scaffolded by our shared purpose and ethics. Perhaps one of the greatest contributions that the blockchain and DAO technology can make to the wellbeing of the planet is to enable the effective scaling and distribution of the commons as an alternate option to market-based or government-based solutions at a scale heretofore never achievable."

(https://mirror.xyz/austinwadesmith.eth/J2Ac0fFG1XbEHLch5c_TQy2OxfFjebK6BnJpHJKbgFg)